Tradeweb Markets (TW) Rent Expense (2018 - 2026)
Tradeweb Markets (TW) posted quarterly Rent Expense of $8.2 million for Q1 2026, up 61.45% year-over-year from $5.1 million in Q1 2025, and little changed on a QoQ basis from $8.2 million in Q4 2025.
Tradeweb Markets (TW) Rent Expense (2018 - 2026) Analysis & Trends
Tradeweb Markets (TW) has reported Rent Expense for 9 consecutive years, with $8.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Rent Expense rose 61.45% year-over-year to $8.2 million; the TTM figure through Mar 2026 stood at $29.1 million (up 41.0% YoY), while the FY2025 annual figure was $26.0 million, up 28.37% from the prior year.
- Rent Expense came in at $8.2 million for Q1 2026 at Tradeweb Markets, roughly flat from $8.2 million in the prior quarter.
- The five-year high for Rent Expense was $8.2 million in Q4 2025, with the low at $3.5 million in Q1 2022.
- Average Rent Expense over 5 years is $5.0 million, with a median of $4.7 million recorded in 2024.
- Across the five-year window, Rent Expense retreated 6.82% in 2022 and surged 61.45% in 2026, its largest moves.
- Year by year, Rent Expense stood at $3.9 million in 2022, then fell by 5.74% to $3.6 million in 2023, then soared by 41.24% to $5.2 million in 2024, then jumped by 59.46% to $8.2 million in 2025, then dropped by 0.27% to $8.2 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $8.2 million, $8.2 million, and $6.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 483.00 Mn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 254.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 285.00 Mn |
| 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 | - | 118.52 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 8.19 Mn |
| 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 | 27.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.19 Mn |
| Mar 31, 2026 | 8.19 Mn |
| Dec 31, 2025 | 8.21 Mn |
| Dec 31, 2025 | 8.21 Mn |
| Sep 30, 2025 | 6.64 Mn |
| Sep 30, 2025 | 6.64 Mn |
| Jun 30, 2025 | 6.02 Mn |
| Jun 30, 2025 | 6.02 Mn |
| Mar 31, 2025 | 5.07 Mn |
| Mar 31, 2025 | 5.07 Mn |
| Dec 31, 2024 | 5.15 Mn |
| Dec 31, 2024 | 5.15 Mn |
| Sep 30, 2024 | 5.42 Mn |
| Sep 30, 2024 | 5.42 Mn |
| Jun 30, 2024 | 4.98 Mn |
| Jun 30, 2024 | 4.98 Mn |
| Mar 31, 2024 | 4.67 Mn |
| Mar 31, 2024 | 4.67 Mn |
| Dec 31, 2023 | 3.65 Mn |
| Dec 31, 2023 | 3.65 Mn |