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
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