Tradeweb Markets (TW) Other Operating Expenses (2018 - 2026)
Tradeweb Markets (TW) recorded Other Operating Expenses of $79.23 million in Q2 2026, down 0.9% from $79.95 million a year earlier but up 11.0% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Other Operating Expenses (2018 - 2026) Analysis & Trends
On a TTM basis, Tradeweb Markets' Other Operating Expenses came in at $299.38 million as of Jun 30, 2026, up 9.0% year-over-year; for FY2025, it came in at $294.13 million, up 27.4% from FY2024.
- Annual Other Operating Expenses has increased for six straight years, with a five-year compound annual growth rate of 18.5% (FY2020 to FY2025).
- Across earlier years, Other Operating Expenses came in at $230.95 million in FY2024 (+24.7%), $185.25 million in FY2023 (+13.6%), $163.1 million in FY2022 (+17.3%) and $139.05 million in FY2021 (+10.5%).
- Quarterly Other Operating Expenses has ranged from $34.9 million in Q4 2021 to $80.41 million in Q4 2025 over the past five years.
- On a year-over-year basis, Other Operating Expenses rose in six of the last eight quarters, with growth averaging 26.1%.
- Peak year-over-year performance for Other Operating Expenses in the last five years was growth of 72.8% in Q3 2024, against a decline of 2.5% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $71.39 million (Q1 2026), $80.41 million (Q4 2025) and $68.36 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.32 Mn |
| Jun 30, 2026 | 16.62 Mn |
| Mar 31, 2026 | 11.94 Mn |
| Dec 31, 2025 | 21.79 Mn |
| Sep 30, 2025 | 16.89 Mn |
| Jun 30, 2025 | 29.98 Mn |
| Mar 31, 2025 | 19.74 Mn |
| Dec 31, 2024 | 12.29 Mn |
| Sep 30, 2024 | 20.42 Mn |
| Jun 30, 2024 | 12.76 Mn |
| Mar 31, 2024 | 10.85 Mn |
| Dec 31, 2023 | 19.80 Mn |
| Sep 30, 2023 | 6.70 Mn |
| Jun 30, 2023 | 11.07 Mn |
| Mar 31, 2023 | 13.92 Mn |
| Dec 31, 2022 | 21.76 Mn |
| Sep 30, 2022 | 6.89 Mn |
| Jun 30, 2022 | 7.60 Mn |
| Mar 31, 2022 | 10.31 Mn |
| Dec 31, 2021 | 10.34 Mn |
API Access
Tradeweb Markets Other Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();