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

Tradeweb Markets' Operating Expenses history runs 9 years deep, the most recent figure standing at $313.7 million for Q2 2026.

• In Q2 2026, Operating Expenses changed 0.18% year-over-year to $313.7 million; the TTM figure through Jun 2026 stood at $1.2 billion (up 5.03% YoY), while the FY2025 annual figure was $1.2 billion, up 16.14% from the prior year.
• Operating Expenses for Q2 2026 stood at $313.7 million, down from $330.5 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.
• The 5-year median for Operating Expenses is $241.8 million (2024), against an average of $251.0 million.
• The sharpest annual moves came in 2024 and 2026: Operating Expenses jumped 42.23% in 2024, then advanced 0.18% in 2026.
• Tradeweb Markets' Operating Expenses stood at $201.5 million in 2022, then gained by 13.34% to $228.4 million in 2023, then advanced by 20.33% to $274.8 million in 2024, then climbed by 9.23% to $300.2 million in 2025, then gained by 4.5% to $313.7 million in 2026.
• Business Quant data shows TW's Operating Expenses at $313.7 million in Q2 2026, $330.5 million in Q1 2026, and $300.2 million in Q4 2025.