Tradeweb Markets (TW) Rent Expense (2018 - 2026)
Tradeweb Markets (TW) posted quarterly Rent Expense of $8.4 million for Q2 2026, up 39.12% year-over-year from $6.0 million in Q2 2025, and up 2.27% quarter-over-quarter from $8.2 million in Q1 2026.
Tradeweb Markets (TW) Rent Expense (2018 - 2026) Analysis & Trends
Tradeweb Markets' Rent Expense history runs 9 years deep, the most recent figure standing at $8.4 million for Q2 2026.
- In Q2 2026, Rent Expense rose 39.12% year-over-year to $8.4 million; the TTM figure through Jun 2026 stood at $31.4 million (up 45.07% YoY), while the FY2025 annual figure was $26.0 million, up 28.37% from the prior year.
- Rent Expense for Q2 2026 stood at $8.4 million, up from $8.2 million in the prior quarter.
- The five-year high for Rent Expense was $8.4 million in Q2 2026, with the low at $3.5 million in Q1 2022.
- The 5-year median for Rent Expense is $4.8 million (2024), against an average of $5.2 million.
- The sharpest annual moves came in 2022 and 2026: Rent Expense slipped 6.82% in 2022, then jumped 61.45% in 2026.
- Tradeweb Markets' Rent Expense stood at $3.9 million in 2022, then decreased by 5.74% to $3.6 million in 2023, then surged by 41.24% to $5.2 million in 2024, then soared by 59.46% to $8.2 million in 2025, then grew by 2.0% to $8.4 million in 2026.
- Business Quant data shows TW's Rent Expense at $8.4 million in Q2 2026, $8.2 million in Q1 2026, and $8.2 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 482.00 Mn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 244.00 Mn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 301.00 Mn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | - |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 125.54 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 8.38 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | - |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | - |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.38 Mn |
| Jun 30, 2026 | 8.38 Mn |
| 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 |