Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026)

Perella Weinberg Partners (PWP) reported Operating Expenses of $161.8 million for Q1 2026, down 19.16% year-over-year from $200.2 million in Q1 2025, and down 19.35% quarter-over-quarter from $200.6 million in Q4 2025.

Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026) Analysis & Trends

Perella Weinberg Partners (PWP) has 8 years of Operating Expenses data on file, last reported at $161.8 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $161.8 million, down 19.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $664.5 million (down 33.61% YoY), and the FY2025 annual result was $702.9 million, down 26.52% from the prior year.
  • Operating Expenses declined to $161.8 million in Q1 2026 per PWP's latest filing, from $200.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $354.2 million in Q2 2024 and troughed at $146.3 million in Q2 2025.
  • A 5-year average of $192.0 million and a median of $165.7 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 89.13% in 2024, then tumbled 58.69% in 2025.
  • 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.
  • Business Quant data shows PWP's Operating Expenses at $161.8 million in Q1 2026, $200.6 million in Q4 2025, and $155.8 million in Q3 2025.

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 Perella Weinberg Partners 1.10 Bn 1.41 Bn - 161.82 Mn

Historic Data

Download Data
DateValue
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