Tradeweb Markets (TW) Rent Expense (2018 - 2026)

Tradeweb Markets (TW) recorded quarterly Rent Expense of $8.2 million in Q1 2026, little changed quarter-over-quarter from $8.2 million in Q4 2025, and up 61.45% on a YoY basis from $5.1 million in Q1 2025.

Tradeweb Markets (TW) Rent Expense (2018 - 2026) Analysis & Trends

Tradeweb Markets' Rent Expense history runs 9 years deep, the most recent figure standing at $8.2 million for 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 was $8.2 million for Q1 2026 at Tradeweb Markets, roughly flat from $8.2 million in the prior quarter.
  • In the past five years, Rent Expense ranged from a high of $8.2 million in Q4 2025 to a low of $3.5 million in Q1 2022.
  • Historically, Rent Expense has averaged $5.0 million across 5 years, with a median of $4.7 million in 2024.
  • The sharpest annual moves came in 2022 and 2026: Rent Expense dropped 6.82% in 2022, then surged 61.45% in 2026.
  • A 5-year view of Rent Expense shows it stood at $3.9 million in 2022, then slipped 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 retreated by 0.27% to $8.2 million in 2026.
  • The last three Rent Expense figures came in at $8.2 million (Q1 2026), $8.2 million (Q4 2025), and $6.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - 483.00 Mn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 254.00 Mn
4 Schwab Charles 160.31 Bn 115.33 Bn - 285.00 Mn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn -
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 118.52 Mn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 8.19 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn -

Historic Data

Download Data
DateValue
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