Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026)
Perella Weinberg Partners (PWP) posted quarterly Operating Expenses of $151.5 million for Q2 2026, up 3.52% year-over-year from $146.3 million in Q2 2025, and down 6.39% on a QoQ basis from $161.8 million in Q1 2026.
Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026) Analysis & Trends
Perella Weinberg Partners has reported Operating Expenses for 8 years, with the latest figure at $151.5 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $151.5 million, up 3.52% year-over-year; the trailing twelve-month figure through Jun 2026 was $669.7 million (down 15.56% YoY), and the FY2025 annual result was $702.9 million, down 26.52% from the prior year.
- Operating Expenses retreated to $151.5 million in Q2 2026, from $161.8 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 $189.8 million and a median of $164.0 million in 2022 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2024, when Operating Expenses jumped 89.13%; it then tumbled 58.69% in 2025.
- A 5-year view of Operating Expenses shows it stood at $202.7 million in 2022, then increased by 26.62% to $256.6 million in 2023, then declined by 20.39% to $204.3 million in 2024, then dropped by 1.8% to $200.6 million in 2025, then declined by 24.5% to $151.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $151.5 million in Q2 2026, $161.8 million in Q1 2026, and $200.6 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | Perella Weinberg Partners | 1.21 Bn | 1.10 Bn | - | 151.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 151.47 Mn |
| 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 |