Tradeweb Markets (TW) Accumulated Expenses (2018 - 2026)
Tradeweb Markets (TW) recorded quarterly Accumulated Expenses of $110.9 million in Q1 2026, down 55.85% quarter-over-quarter from $251.2 million in Q4 2025, and up 7.16% on a YoY basis from $103.5 million in Q1 2025.
Tradeweb Markets (TW) Accumulated Expenses (2018 - 2026) Analysis & Trends
Tradeweb Markets' Accumulated Expenses history runs 9 years deep, the most recent figure standing at $110.9 million for Q1 2026.
- In Q1 2026, Accumulated Expenses rose 7.16% year-over-year to $110.9 million; the TTM figure through Mar 2026 stood at $110.9 million (up 7.16% YoY), while the FY2025 annual figure was $251.2 million, up 12.65% from the prior year.
- Accumulated Expenses was $110.9 million for Q1 2026 at Tradeweb Markets, down from $251.2 million in the prior quarter.
- In the past five years, Accumulated Expenses ranged from a high of $251.2 million in Q4 2025 to a low of $65.0 million in Q1 2023.
- Historically, Accumulated Expenses has averaged $136.1 million across 5 years, with a median of $121.2 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Accumulated Expenses fell 13.22% in 2023, then surged 47.77% in 2024.
- A 5-year view of Accumulated Expenses shows it stood at $150.9 million in 2022, then increased by 8.91% to $164.3 million in 2023, then surged by 35.68% to $223.0 million in 2024, then gained by 12.65% to $251.2 million in 2025, then tumbled by 55.85% to $110.9 million in 2026.
- The last three Accumulated Expenses figures came in at $110.9 million (Q1 2026), $251.2 million (Q4 2025), and $211.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn |
| 10 | Circle Internet | 19.67 Bn | 18.16 Bn | 35.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 110.90 Mn |
| Dec 31, 2025 | 251.17 Mn |
| Sep 30, 2025 | 211.00 Mn |
| Jun 30, 2025 | 158.39 Mn |
| Mar 31, 2025 | 103.49 Mn |
| Dec 31, 2024 | 222.96 Mn |
| Sep 30, 2024 | 179.14 Mn |
| Jun 30, 2024 | 119.27 Mn |
| Mar 31, 2024 | 81.77 Mn |
| Dec 31, 2023 | 164.33 Mn |
| Sep 30, 2023 | 121.23 Mn |
| Jun 30, 2023 | 84.88 Mn |
| Mar 31, 2023 | 65.04 Mn |
| Dec 31, 2022 | 150.88 Mn |
| Sep 30, 2022 | 123.53 Mn |
| Jun 30, 2022 | 90.77 Mn |
| Mar 31, 2022 | 74.94 Mn |
| Dec 31, 2021 | 154.82 Mn |
| Sep 30, 2021 | 113.04 Mn |
| Jun 30, 2021 | 85.64 Mn |