Stifel Financial (SF) Operating Expenses (2009 - 2026)
Stifel Financial's (SF) quarterly Operating Expenses came in at $1.2 billion in Q1 2026, down 3.36% YoY from $1.2 billion in Q1 2025, and down 8.03% on a QoQ basis from $1.3 billion in Q4 2025.
Stifel Financial (SF) Operating Expenses (2009 - 2026) Analysis & Trends
Stifel Financial (SF) has 18 years of Operating Expenses data on file, last reported at $1.2 billion in Q1 2026.
- Quarterly Operating Expenses fell 3.36% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.6 billion (up 7.67% YoY) and the FY2025 annual result came in at $4.7 billion, up 15.26% from the prior year.
- Operating Expenses eased to $1.2 billion in Q1 2026, from $1.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q4 2025 to a low of $839.4 million in Q3 2022.
- A 5-year average of $1.0 billion and a median of $944.3 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses decreased 9.9% — and 2025, when it advanced 26.24%.
- Tracing SF's Operating Expenses over 5 years: stood at $888.0 million in 2022, then grew by 5.91% to $940.4 million in 2023, then climbed by 16.81% to $1.1 billion in 2024, then climbed by 14.04% to $1.3 billion in 2025, then fell by 8.03% to $1.2 billion in 2026.
- The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.3 billion (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | Stifel Financial | 14.08 Bn | 11.18 Bn | 878.90 Mn | 1.15 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 889.11 Mn |