Growth Metrics

Tradeweb Markets (TW) Change in Accured Expenses (2018 - 2026)

Tradeweb Markets' quarterly Change in Accured Expenses came in at -$26.4 million in Q1 2026, up 78.32% year-on-year from -$14.8 million in Q1 2025, and down 620.63% quarter-over-quarter from $5.1 million in Q4 2025.

Tradeweb Markets has reported Change in Accured Expenses for 9 years, with the latest figure at -$26.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Accured Expenses rose 78.32% year-over-year to -$26.4 million; the trailing twelve-month figure through Mar 2026 stood at $182.4 million (up 248.78% YoY), and the FY2025 full-year result was $87.1 million, up 192.84% from the prior year.
  • Change in Accured Expenses for Q1 2026 stood at -$26.4 million, down from $5.1 million in the prior quarter.
  • The five-year high for Change in Accured Expenses was $149.6 million in Q3 2025, with the low at -$121.6 million in Q1 2025.
  • Average Change in Accured Expenses over 5 years is $5.4 million, with a median of $5.1 million recorded in 2025.
  • Year-over-year, Change in Accured Expenses jumped 19439.94% in 2022 and tumbled 1192.33% in 2023.
  • Tracing TW's Change in Accured Expenses over 5 years: stood at $833000.0 in 2022, then jumped by 4221.85% to $36.0 million in 2023, then slumped by 118.89% to -$6.8 million in 2024, then surged by 174.51% to $5.1 million in 2025, then slumped by 620.63% to -$26.4 million in 2026.
  • The last three Change in Accured Expenses figures came in at -$26.4 million (Q1 2026), $5.1 million (Q4 2025), and $149.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Accured Expenses (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 - -1.07 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 47.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - -931.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn -101.45 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 223.68 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 53.86 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - -26.38 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn -5.52 Mn

Historic Data

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DateValue
Mar 31, 2026 -26.38 Mn
Mar 31, 2026 -26.38 Mn
Dec 31, 2025 5.07 Mn
Dec 31, 2025 5.07 Mn
Sep 30, 2025 149.58 Mn
Sep 30, 2025 149.58 Mn
Jun 30, 2025 54.15 Mn
Jun 30, 2025 54.15 Mn
Mar 31, 2025 -121.64 Mn
Mar 31, 2025 -121.64 Mn
Dec 31, 2024 -6.80 Mn
Dec 31, 2024 -6.80 Mn
Sep 30, 2024 15.71 Mn
Sep 30, 2024 15.71 Mn
Jun 30, 2024 -9.87 Mn
Jun 30, 2024 -9.87 Mn
Mar 31, 2024 30.72 Mn
Mar 31, 2024 30.72 Mn
Dec 31, 2023 36.00 Mn
Dec 31, 2023 36.00 Mn
Sep 30, 2023 -29.82 Mn
Sep 30, 2023 -29.82 Mn
Jun 30, 2023 84.89 Mn
Jun 30, 2023 84.89 Mn
Mar 31, 2023 -88.88 Mn
Mar 31, 2023 -88.88 Mn
Dec 31, 2022 833,000.00
Dec 31, 2022 833,000.00
Sep 30, 2022 60.53 Mn
Sep 30, 2022 60.53 Mn
Jun 30, 2022 -70.06 Mn
Jun 30, 2022 -70.06 Mn
Mar 31, 2022 8.14 Mn
Mar 31, 2022 8.14 Mn
Dec 31, 2021 28.92 Mn
Dec 31, 2021 28.92 Mn
Sep 30, 2021 -313,000.00
Sep 30, 2021 -313,000.00
Jun 30, 2021 55.46 Mn
Jun 30, 2021 55.46 Mn
Mar 31, 2021 -59.28 Mn
Mar 31, 2021 -59.28 Mn
Dec 31, 2020 7.17 Mn
Dec 31, 2020 7.17 Mn
Sep 30, 2020 50.17 Mn
Sep 30, 2020 50.17 Mn
Jun 30, 2020 -60.21 Mn
Jun 30, 2020 -60.21 Mn
Mar 31, 2020 14.07 Mn
Mar 31, 2020 14.07 Mn
Dec 31, 2019 -12.34 Mn
Dec 31, 2019 -12.34 Mn
Jun 30, 2019 14.88 Mn
Jun 30, 2019 14.88 Mn
Mar 31, 2019 -66.45 Mn
Mar 31, 2019 -66.45 Mn
Sep 30, 2018 60.36 Mn
Sep 30, 2018 60.36 Mn
Mar 31, 2018 -59.69 Mn
Mar 31, 2018 -59.69 Mn