Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026)
Perella Weinberg Partners' (PWP) quarterly Operating Expenses came in at $151.5 million in Q2 2026, up 3.52% year-over-year from $146.3 million in Q2 2025, and down 6.39% quarter-over-quarter from $161.8 million in Q1 2026.
Analysis
Perella Weinberg Partners (PWP) Operating Expenses (2019 - 2026) Analysis & Trends
Perella Weinberg Partners (PWP) has reported Operating Expenses for 8 consecutive years, with $151.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 3.52% year-over-year to $151.5 million in Q2 2026; TTM through Jun 2026 was $669.7 million, a 15.56% decrease from a year earlier, with the FY2025 full-year figure at $702.9 million, down 26.52% from the prior year.
- Operating Expenses was $151.5 million for Q2 2026 at Perella Weinberg Partners, down 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.
- Across the five-year window, Operating Expenses surged 89.13% in 2024 and plunged 58.69% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $202.7 million in 2022, then climbed by 26.62% to $256.6 million in 2023, then slipped by 20.39% to $204.3 million in 2024, then decreased by 1.8% to $200.6 million in 2025, then slipped by 24.5% to $151.5 million in 2026.
- The last three Operating Expenses figures came in at $151.5 million (Q2 2026), $161.8 million (Q1 2026), and $200.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 843.62 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 1.89 Bn |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | 8,222.00 |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 384.20 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 336.56 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 395.08 Mn |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 770.07 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | -17.45 Mn |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 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 |