Tradeweb Markets (TW) Accumulated Expenses (2018 - 2026)

Tradeweb Markets (TW) posted quarterly Accumulated Expenses of $110.9 million for Q1 2026, up 7.16% year-over-year from $103.5 million in Q1 2025, and down 55.85% on a QoQ basis from $251.2 million in Q4 2025.

Tradeweb Markets (TW) Accumulated Expenses (2018 - 2026) Analysis & Trends

Tradeweb Markets (TW) has reported Accumulated Expenses for 9 consecutive years, with $110.9 million the latest figure, recorded in 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 came in at $110.9 million for Q1 2026 at Tradeweb Markets, down from $251.2 million in the prior quarter.
  • The five-year high for Accumulated Expenses was $251.2 million in Q4 2025, with the low at $65.0 million in Q1 2023.
  • Average Accumulated Expenses over 5 years is $136.1 million, with a median of $121.2 million recorded in 2023.
  • Across the five-year window, Accumulated Expenses slipped 13.22% in 2023 and surged 47.77% in 2024, its largest moves.
  • Year by year, Accumulated Expenses stood at $150.9 million in 2022, then advanced by 8.91% to $164.3 million in 2023, then surged by 35.68% to $223.0 million in 2024, then grew by 12.65% to $251.2 million in 2025, then plunged by 55.85% to $110.9 million in 2026.
  • According to Business Quant data, Accumulated Expenses over the past three periods registered $110.9 million, $251.2 million, and $211.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn -
2 Goldman Sachs 309.79 Bn -627.76 Bn -
3 Schwab Charles 167.21 Bn 122.24 Bn -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn -
7 Tradeweb Markets 21.59 Bn 20.34 Bn -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn

Historic Data

Download Data
DateValue
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