StoneX (SNEX) Operating Expenses (2010 - 2026)
StoneX (SNEX) reported Operating Expenses of $599.3 million for Q1 2026, up 53.59% on a YoY basis from $390.2 million in Q1 2025, and up 11.17% quarter-over-quarter from $539.1 million in Q4 2025.
StoneX (SNEX) Operating Expenses (2010 - 2026) Analysis & Trends
StoneX has reported Operating Expenses for 17 years, with the latest figure at $599.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 53.59% year-over-year to $599.3 million; the trailing twelve-month figure through Mar 2026 stood at $2.0 billion (up 33.55% YoY), and the FY2025 full-year result was $1.6 billion, up 16.01% from the prior year.
- Operating Expenses for Q1 2026 stood at $599.3 million, up from $539.1 million in the prior quarter.
- The five-year high for Operating Expenses was $599.3 million in Q1 2026, with the low at $303.2 million in Q2 2022.
- Historically, Operating Expenses has averaged $381.0 million across 5 years, with a median of $356.8 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses advanced 2.77% — and 2026, when it surged 53.59%.
- StoneX's Operating Expenses stood at $309.9 million in 2022, then advanced by 5.16% to $325.9 million in 2023, then advanced by 16.88% to $380.9 million in 2024, then soared by 41.53% to $539.1 million in 2025, then advanced by 11.17% to $599.3 million in 2026.
- The last three Operating Expenses figures came in at $599.3 million (Q1 2026), $539.1 million (Q4 2025), and $477.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 242.35 Mn |
| 10 | StoneX | 9.00 Bn | 6.87 Bn | 1.57 Bn | 599.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 599.30 Mn |
| Dec 31, 2025 | 539.10 Mn |
| Sep 30, 2025 | 477.00 Mn |
| Jun 30, 2025 | 401.40 Mn |
| Mar 31, 2025 | 390.20 Mn |
| Dec 31, 2024 | 380.90 Mn |
| Sep 30, 2024 | 356.80 Mn |
| Jun 30, 2024 | 382.30 Mn |
| Mar 31, 2024 | 356.90 Mn |
| Dec 31, 2023 | 325.90 Mn |
| Sep 30, 2023 | 330.20 Mn |
| Jun 30, 2023 | 341.40 Mn |
| Mar 31, 2023 | 341.90 Mn |
| Dec 31, 2022 | 309.90 Mn |
| Sep 30, 2022 | 321.30 Mn |
| Jun 30, 2022 | 303.20 Mn |
| Mar 31, 2022 | 319.30 Mn |
| Dec 31, 2021 | 261.30 Mn |
| Sep 30, 2021 | 256.60 Mn |
| Jun 30, 2021 | 255.60 Mn |