Tradeweb Markets (TW) Accumulated Expenses (2018 - 2026)
Tradeweb Markets' quarterly Accumulated Expenses came in at $110.9 million in Q1 2026, up 7.16% year-on-year from $103.5 million in Q1 2025, and down 55.85% quarter-over-quarter from $251.2 million in Q4 2025.
Tradeweb Markets has reported Accumulated Expenses for 9 years, with the latest figure at $110.9 million in Q1 2026.
- For the quarter ending Q1 2026, Accumulated Expenses rose 7.16% year-over-year to $110.9 million; the trailing twelve-month figure through Mar 2026 stood at $110.9 million (up 7.16% YoY), and the FY2025 full-year result was $251.2 million, up 12.65% from the prior year.
- Accumulated Expenses for Q1 2026 stood at $110.9 million, 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.
- Year-over-year, Accumulated Expenses decreased 13.22% in 2023 and jumped 47.77% in 2024.
- Tracing TW's Accumulated Expenses over 5 years: stood at $150.9 million in 2022, then rose by 8.91% to $164.3 million in 2023, then soared by 35.68% to $223.0 million in 2024, then advanced by 12.65% to $251.2 million in 2025, then slumped 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 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 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 |
| Mar 31, 2021 | 70.20 Mn |
| Dec 31, 2020 | 129.29 Mn |
| Sep 30, 2020 | 101.44 Mn |
| Jun 30, 2020 | 71.88 Mn |
| Mar 31, 2020 | 58.02 Mn |
| Dec 31, 2019 | 119.42 Mn |
| Sep 30, 2019 | 94.65 Mn |
| Jun 30, 2019 | 68.62 Mn |
| Mar 31, 2019 | 54.09 Mn |
| Dec 31, 2018 | 120.16 Mn |