Tradeweb Markets (TW) Other Operating Expenses (2018 - 2026)
Tradeweb Markets (TW) reported Other Operating Expenses of $41.98 million for Q2 2026, up 38.9% from $30.21 million a year earlier and up 6.1% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Other Operating Expenses (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tradeweb Markets' Other Operating Expenses came in at $150.91 million, up 34.8% year-over-year; for FY2025, it came in at $128.33 million, up 30.2% from FY2024.
- Other Operating Expenses has increased for seven consecutive years, with a five-year compound annual growth rate of 22.0% (FY2020 to FY2025).
- By year, Other Operating Expenses came in at $98.57 million in FY2024 (+27.2%), $77.51 million in FY2023 (+17.7%), $65.86 million in FY2022 (+17.2%) and $56.19 million in FY2021 (+18.3%).
- The Q2 2026 figure ranks as the highest quarterly Other Operating Expenses in data going back to Q1 2019.
- Year over year, Other Operating Expenses has now increased in each of the last 26 quarters, with growth averaging 32.0% over the last eight quarters.
- Across the past five years, year-over-year growth in Other Operating Expenses ran from 6.4% in Q4 2021 to 39.4% in Q3 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at $39.55 million (Q1 2026), $35.52 million (Q4 2025) and $33.87 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn |
| 10 | Xp | 16.07 Bn | -5.76 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 9.56 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();