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
DateValue
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