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

Tradeweb Markets has reported Operating Expenses for 9 years, with the latest figure at $330.5 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 8.16% year-over-year to $330.5 million; the trailing twelve-month figure through Mar 2026 stood at $1.2 billion (up 11.65% YoY), and the FY2025 full-year result was $1.2 billion, up 16.14% from the prior year.
• Operating Expenses for Q1 2026 stood at $330.5 million, up from $300.2 million in the prior quarter.
• The five-year high for Operating Expenses was $330.5 million in Q1 2026, with the low at $184.3 million in Q3 2022.
• Average Operating Expenses over 5 years is $247.3 million, with a median of $241.1 million recorded in 2024.
• Year-over-year, Operating Expenses gained 1.97% in 2023 and jumped 42.23% in 2024.
• Tracing TW's Operating Expenses over 5 years: stood at $201.5 million in 2022, then climbed by 13.34% to $228.4 million in 2023, then grew by 20.33% to $274.8 million in 2024, then increased by 9.23% to $300.2 million in 2025, then climbed by 10.11% to $330.5 million in 2026.
• The last three Operating Expenses figures came in at $330.5 million (Q1 2026), $300.2 million (Q4 2025), and $298.2 million (Q3 2025), per Business Quant data.

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