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| 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 |