Tradeweb Markets (TW) Other Operating Expenses (2018 - 2026)
Tradeweb Markets' quarterly Other Operating Expenses came in at $263.6 million in Q1 2026, up 7.19% year-on-year from $245.9 million in Q1 2025, and up 15.85% quarter-over-quarter from $227.6 million in Q4 2025.
Tradeweb Markets has reported Other Operating Expenses for 9 years, with the latest figure at $263.6 million in Q1 2026.
- For the quarter ending Q1 2026, Other Operating Expenses rose 7.19% year-over-year to $263.6 million; the trailing twelve-month figure through Mar 2026 stood at $966.6 million (up 7.74% YoY), and the FY2025 full-year result was $948.8 million, up 11.61% from the prior year.
- Other Operating Expenses for Q1 2026 stood at $263.6 million, 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.
- Year-over-year, Other Operating Expenses slipped 0.1% in 2022 and jumped 58235.48% in 2024.
- Tracing TW's Other Operating Expenses over 5 years: stood at $153.7 million in 2022, then grew by 15.79% to $178.0 million in 2023, then advanced by 24.73% to $222.0 million in 2024, then grew by 2.48% to $227.6 million in 2025, then grew by 15.85% to $263.6 million in 2026.
- The last three Other Operating Expenses figures came in at $263.6 million (Q1 2026), $227.6 million (Q4 2025), and $234.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2020 | 128.99 Mn |
| Mar 31, 2020 | 130.31 Mn |
| Dec 31, 2019 | 120.00 Mn |
| Sep 30, 2019 | 122.05 Mn |
| Jun 30, 2019 | 137.03 Mn |
| Mar 31, 2019 | 117.75 Mn |
| Sep 30, 2018 | 92.98 Mn |
| Jun 30, 2018 | 91.86 Mn |
| Mar 31, 2018 | 93.38 Mn |