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

Tradeweb Markets (TW) posted quarterly Other Operating Expenses of $263.6 million for Q1 2026, up 7.19% year-over-year from $245.9 million in Q1 2025, and up 15.85% on a QoQ basis from $227.6 million in Q4 2025.

Tradeweb Markets (TW) Other Operating Expenses (2018 - 2026) Analysis & Trends

Tradeweb Markets (TW) has reported Other Operating Expenses for 9 consecutive years, with $263.6 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Other Operating Expenses rose 7.19% year-over-year to $263.6 million; the TTM figure through Mar 2026 stood at $966.6 million (up 7.74% YoY), while the FY2025 annual figure was $948.8 million, up 11.61% from the prior year.
  • Other Operating Expenses came in at $263.6 million for Q1 2026 at Tradeweb Markets, up from $227.6 million in the prior quarter.
  • The five-year high for Other Operating Expenses was $263.6 million in Q1 2026, with the low at -$1.9 million in Q3 2023.
  • Average Other Operating Expenses over 5 years is $170.9 million, with a median of $210.5 million recorded in 2024.
  • Across the five-year window, Other Operating Expenses dropped 0.1% in 2022 and surged 58235.48% in 2024, its largest moves.
  • Year by year, Other Operating Expenses stood at $153.7 million in 2022, then rose by 15.79% to $178.0 million in 2023, then grew by 24.73% to $222.0 million in 2024, then rose by 2.48% to $227.6 million in 2025, then rose by 15.85% to $263.6 million in 2026.
  • According to Business Quant data, Other Operating Expenses over the past three periods registered $263.6 million, $227.6 million, and $234.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn -
2 Goldman Sachs 309.79 Bn -627.76 Bn -
3 Schwab Charles 167.21 Bn 122.24 Bn -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn -
7 Tradeweb Markets 21.59 Bn 20.34 Bn -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 263.63 Mn
Dec 31, 2025 227.55 Mn
Sep 30, 2025 234.43 Mn
Jun 30, 2025 241.00 Mn
Mar 31, 2025 245.93 Mn
Dec 31, 2024 222.03 Mn
Sep 30, 2024 233.87 Mn
Jun 30, 2024 195.30 Mn
Mar 31, 2024 198.92 Mn
Dec 31, 2023 178.02 Mn
Sep 30, 2023 -1.91 Mn
Jun 30, 2023 -456,000.00
Mar 31, 2023 341,000.00
Dec 31, 2022 153.73 Mn
Dec 31, 2021 153.89 Mn
Sep 30, 2021 146.06 Mn
Jun 30, 2021 144.98 Mn
Mar 31, 2021 148.92 Mn
Dec 31, 2020 129.11 Mn
Sep 30, 2020 125.51 Mn