Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026)
Perella Weinberg Partners' Operating Expenses came in at $151.47 million for Q2 2026, up 3.5% from $146.32 million a year earlier but down 6.4% from the prior quarter.
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Analysis
Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Perella Weinberg Partners reported Operating Expenses of $669.7 million, down 15.6% year-over-year; for FY2025, it was $702.89 million, down 26.5% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 5.7% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $956.57 million in FY2024 (+25.2%), $763.75 million in FY2023 (+12.4%), $679.24 million in FY2022 (-7.6%) and $735.08 million in FY2021 (+37.8%).
- The five-year range for quarterly Operating Expenses is $146.32 million (Q2 2025) to $354.23 million (Q2 2024).
- Year-over-year, Operating Expenses increased in three of the last eight quarters, with an average decline of 7.2%.
- The fastest year-over-year change in Operating Expenses over five years came in Q2 2024 (growth of 89.1%), and the weakest in Q4 2021 (a decline of 77.5%).
- Business Quant data shows PWP's Operating Expenses at $161.82 million (Q1 2026), $200.63 million (Q4 2025) and $155.78 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.76 Bn | 94.86 Bn | - | 599.10 Mn |
| 2 | Robinhood Markets | 89.52 Bn | 70.56 Bn | - | 734.00 Mn |
| 3 | Intercontinental Exchange | 88.50 Bn | 82.23 Bn | - | 1.28 Bn |
| 4 | Nasdaq | 53.17 Bn | 50.59 Bn | 1.50 Bn | 788.00 Mn |
| 5 | Interactive Brokers | 37.14 Bn | 14.25 Bn | - | 440.00 Mn |
| 6 | Cboe Global Markets | 32.77 Bn | 24.42 Bn | 731.60 Mn | 255.60 Mn |
| 7 | LPL Financial Holdings | 25.83 Bn | 21.15 Bn | - | 4.67 Bn |
| 8 | Tradeweb Markets | 24.93 Bn | 16.94 Bn | - | 313.68 Mn |
| 9 | Circle Internet | 21.06 Bn | 14.94 Bn | 288.85 Mn | 254.49 Mn |
| 10 | Perella Weinberg Partners | 970.04 Mn | 335.10 Mn | - | 151.47 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Perella Weinberg Partners Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=PWP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "PWP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=PWP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();