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
DateValue
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