Growth Metrics

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

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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
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