FY26 Expenses Expected at $530M to $545M
Sees FY26 expenses, excluding notable items, $530.0M-$545.0M. Based on the midpoint of the stated guidance range, total expenses are expected to increase by 8%; effective tax rate 24.0%-26.0%; and capital expenditures to support new protocols, products and trading platform enhancements $65.0M-$75.0M.