Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026)
Perella Weinberg Partners (PWP) posted quarterly Operating Expenses of $161.8 million for Q1 2026, down 19.16% YoY from $200.2 million in Q1 2025, and down 19.35% sequentially from $200.6 million in Q4 2025.
Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026) Analysis & Trends
Perella Weinberg Partners has disclosed Operating Expenses across 8 years of filings, most recently posting $161.8 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 19.16% year-over-year to $161.8 million; the TTM figure through Mar 2026 stood at $664.5 million (down 33.61% YoY), while the FY2025 annual figure was $702.9 million, down 26.52% from the prior year.
- Operating Expenses retreated to $161.8 million in Q1 2026, from $200.6 million in the prior quarter.
- Over the last five years, Operating Expenses for PWP reached as high as $354.2 million in Q2 2024 and fell as low as $146.3 million in Q2 2025.
- The 5-year median for Operating Expenses is $165.7 million (2023), against an average of $192.0 million.
- Annual changes were most pronounced in 2024 — Operating Expenses soared 89.13% — and 2025, when it sank 58.69%.
- A 5-year view of Operating Expenses shows it stood at $202.7 million in 2022, then grew by 26.62% to $256.6 million in 2023, then dropped by 20.39% to $204.3 million in 2024, then slipped by 1.8% to $200.6 million in 2025, then slipped by 19.35% to $161.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $161.8 million, $200.6 million, and $155.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Perella Weinberg Partners | 1.14 Bn | 1.44 Bn | - | 161.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 161.82 Mn |
| Dec 31, 2025 | 200.63 Mn |
| Sep 30, 2025 | 155.78 Mn |
| Jun 30, 2025 | 146.32 Mn |
| Mar 31, 2025 | 200.16 Mn |
| Dec 31, 2024 | 204.30 Mn |
| Sep 30, 2024 | 242.35 Mn |
| Jun 30, 2024 | 354.23 Mn |
| Mar 31, 2024 | 155.69 Mn |
| Dec 31, 2023 | 256.64 Mn |
| Sep 30, 2023 | 165.70 Mn |
| Jun 30, 2023 | 187.30 Mn |
| Mar 31, 2023 | 154.12 Mn |
| Dec 31, 2022 | 202.69 Mn |
| Sep 30, 2022 | 154.20 Mn |
| Jun 30, 2022 | 160.12 Mn |
| Mar 31, 2022 | 162.24 Mn |
| Dec 31, 2021 | 199.53 Mn |
| Sep 30, 2021 | 187.75 Mn |
| Jun 30, 2021 | 206.03 Mn |