NZX (NZSTF) Total Operating Expense: $57.01 Mil (TTM As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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NZSTF NZX Ltd NZSTF
52 GF Score
Price $0.87
GF Value $0.86
Valuation Fairly Valued
! 6 Warning Signs
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What is NZX Total Operating Expense?

NZX NZSTF 52 Total Operating Expense is $57.01 Mil as of Dec. 2025. GuruFocus rates NZSTF with a GF Score™ of 52/100 and a GF Value™ of $0.86 (Fairly Valued). The stock has 6 warning signs investors should review.

NZX's Total Operating Expense for the six months ended in Dec. 2025 was $29.15 Mil. NZX's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was $57.01 Mil.

NZX Total Operating Expense Related Terms

NZX Total Operating Expense Historical Data

* Premium members only.

The historical data trend for NZX's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NZX Total Operating Expense Chart

NZX Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.11 42.46 53.37 52.92 51.84

NZX Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.95 26.90 26.65 27.86 29.15
NZSTF
52GF Score
NZX Ltd NZSTF
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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NZX Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $57.01 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $57.01 Mil mean?
NZX (NZSTF) has a Total Operating Expense of $57.01 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on NZX and its competitors.
Is NZX's Total Operating Expense too high?
NZX's current Total Operating Expense is $57.01 Mil. Overall, NZX has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NZX's Total Operating Expense compare to SPGI and CME?
NZX's Total Operating Expense of $57.01 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Capital Markets company?
A good Total Operating Expense depends on the Capital Markets industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on NZX and its competitors. NZX's current Total Operating Expense is $57.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NZX stock overvalued right now?
Based on GuruFocus' analysis, NZX (NZSTF) is currently considered Fairly Valued. The stock's GF Value™ is $0.86, compared to a current price of $0.87 — trading 1.3% above its estimated fair value. The current Total Operating Expense is $57.01 Mil. NZX's overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For NZX (NZSTF), the current Total Operating Expense is $57.01 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NZX (NZSTF) Overvalued in 2026?

Based on GuruFocus' analysis, NZX stock appears to be overvalued. The current stock price of $0.87 is trading 1.3% above its estimated GF Value™ of $0.86. GuruFocus considers NZX to be Fairly Valued.

Key valuation signals for NZSTF:

  • Total Operating Expense: $57.01 Mil
  • GF Value™: $0.86 vs. price of $0.87 (1.3% above fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the NZSTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NZX Business Description

Other Exchanges NZX:New Zealand5NZ:Germany
Address 11 Cable Street, Level 2, NZX Centre, PO Box 2959, Wellington, NZL, 6011
NZX Ltd operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of its markets, it provides trading, clearing, settlement, depository, and information services for its customers. The company also owns Smart, New Zealand issuer of listed Exchange Traded Funds (ETFs); KiwiSaver, investment, superannuation and insurance provider SuperLife; and diversified fund manager QuayStreet Asset Management. Its segments include Markets, Funds Management (Smart), Wealth Technologies, and Corporate. It derives majority of the revenue from Markets segment which includes Capital Markets Origination, Secondary Markets, and Information Services.
52GF Score

Get the complete analysis for NZSTF

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.87
Price
$0.86
GF Value