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

Tradeweb Markets' Operating Expenses history runs 9 years deep, the most recent figure standing at $330.5 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 8.16% year-over-year to $330.5 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 11.65% YoY), while the FY2025 annual figure was $1.2 billion, up 16.14% from the prior year.
• Operating Expenses was $330.5 million for Q1 2026 at Tradeweb Markets, up from $300.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $330.5 million in Q1 2026 to a low of $184.3 million in Q3 2022.
• Historically, Operating Expenses has averaged $247.3 million across 5 years, with a median of $241.1 million in 2024.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses increased 1.97% in 2023, then surged 42.23% in 2024.
• A 5-year view of Operating Expenses shows it stood at $201.5 million in 2022, then advanced by 13.34% to $228.4 million in 2023, then climbed by 20.33% to $274.8 million in 2024, then grew by 9.23% to $300.2 million in 2025, then advanced 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.