Stifel Financial (SF) Operating Expenses (2009 - 2026)
Stifel Financial (SF) recorded quarterly Operating Expenses of $1.2 billion in Q2 2026, little changed on a QoQ basis from $1.2 billion in Q1 2026, and up 7.56% YoY from $1.1 billion in Q2 2025.
Analysis
Stifel Financial (SF) Operating Expenses (2009 - 2026) Analysis & Trends
Stifel Financial (SF) has reported Operating Expenses for 18 consecutive years, with $1.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 7.56% year-over-year to $1.2 billion; the trailing twelve-month figure through Jun 2026 stood at $4.7 billion (up 7.56% YoY), and the FY2025 full-year result was $4.7 billion, up 15.26% from the prior year.
- Operating Expenses was $1.2 billion for Q2 2026 at Stifel Financial, roughly flat from $1.2 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.3 billion in Q4 2025, with the low at $839.4 million in Q3 2022.
- Historically, Operating Expenses has averaged $1.0 billion across 5 years, with a median of $967.7 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses retreated 9.9% — and 2025, when it gained 26.24%.
- Tracing SF's Operating Expenses over 5 years: stood at $888.0 million in 2022, then rose by 5.91% to $940.4 million in 2023, then increased by 16.81% to $1.1 billion in 2024, then increased by 14.04% to $1.3 billion in 2025, then slipped by 8.09% to $1.2 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.2 billion in Q2 2026, $1.2 billion in Q1 2026, and $1.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 405.01 Bn | -183.49 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Morgan Stanley | 318.33 Bn | 158.20 Bn | - | 13.90 Bn |
| 3 | Royal Bank Of Canada | 284.62 Bn | 57.78 Bn | - | 7.02 Bn |
| 4 | Goldman Sachs | 274.43 Bn | -701.92 Bn | - | 11.67 Bn |
| 5 | Mitsubishi Ufj Financial | 274.26 Bn | -110.06 Bn | 10.89 Bn | 17.50 Bn |
| 6 | Wells Fargo & Company | 260.84 Bn | 59.01 Bn | - | 13.66 Bn |
| 7 | American Express | 210.32 Bn | 161.00 Bn | 17.99 Bn | 14.48 Bn |
| 8 | Banco Santander | 210.20 Bn | 217.82 Bn | 28.01 Bn | -7.44 Bn |
| 9 | Toronto Dominion Bank | 206.68 Bn | 45.35 Bn | - | 6.08 Bn |
| 10 | Stifel Financial | 11.69 Bn | 7.80 Bn | 1.49 Bn | 1.15 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.15 Bn |
| Mar 31, 2026 | 1.15 Bn |
| Dec 31, 2025 | 1.25 Bn |
| Sep 30, 2025 | 1.14 Bn |
| Jun 30, 2025 | 1.07 Bn |
| Mar 31, 2025 | 1.19 Bn |
| Dec 31, 2024 | 1.10 Bn |
| Sep 30, 2024 | 1.01 Bn |
| Jun 30, 2024 | 991.04 Mn |
| Mar 31, 2024 | 944.35 Mn |
| Dec 31, 2023 | 940.38 Mn |
| Sep 30, 2023 | 935.62 Mn |
| Jun 30, 2023 | 869.34 Mn |
| Mar 31, 2023 | 896.91 Mn |
| Dec 31, 2022 | 887.95 Mn |
| Sep 30, 2022 | 839.37 Mn |
| Jun 30, 2022 | 889.59 Mn |
| Mar 31, 2022 | 889.42 Mn |
| Dec 31, 2021 | 985.56 Mn |
| Sep 30, 2021 | 888.44 Mn |