Growth Metrics

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

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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
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