Twfg (TWFG) Operating Expenses (2023 - 2026)
Twfg's Operating Expenses came in at $69.92 million for Q2 2026, up 32.1% from $52.95 million a year earlier and up 15.6% from the prior quarter.
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Analysis
Twfg (TWFG) Operating Expenses (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Twfg reported Operating Expenses of $240.9 million, up 25.1% year-over-year; for FY2025, it came in at $211.53 million, up 20.3% from FY2024.
- Operating Expenses has increased in each of the last three years, with a three-year compound annual growth rate of 17.6% (FY2022 to FY2025).
- Going back by year, Operating Expenses was $175.84 million in FY2024 (+19.9%), $146.65 million in FY2023 (+12.7%) and $130.16 million in FY2022.
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q2 2023.
- Year-over-year, Operating Expenses has increased for nine consecutive quarters, with growth averaging 23.4% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 16.4% (Q2 2025) to 32.1% (Q2 2026).
- Business Quant data shows TWFG's Operating Expenses at $60.49 million (Q1 2026), $55.4 million (Q4 2025) and $55.09 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,082.55 Bn | -334.93 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 128.03 Bn | 80.09 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 122.38 Bn | 98.22 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Marsh & Mclennan Companies | 81.46 Bn | 73.20 Bn | - | 5.51 Bn |
| 5 | Travelers Companies | 75.77 Bn | 52.02 Bn | 6.23 Bn | 9.39 Bn |
| 6 | Manulife Financial | 73.91 Bn | 75.11 Bn | - | -902.21 Mn |
| 7 | Metlife | 60.71 Bn | -45.77 Bn | 7.82 Bn | 18.12 Bn |
| 8 | Aon | 58.53 Bn | 51.77 Bn | - | 3.33 Bn |
| 9 | Arthur J. Gallagher | 58.38 Bn | 52.82 Bn | - | 3.59 Bn |
| 10 | Twfg | 1.30 Bn | 1.02 Bn | - | 69.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.92 Mn |
| Mar 31, 2026 | 60.49 Mn |
| Dec 31, 2025 | 55.40 Mn |
| Sep 30, 2025 | 55.09 Mn |
| Jun 30, 2025 | 52.95 Mn |
| Mar 31, 2025 | 48.09 Mn |
| Dec 31, 2024 | 44.61 Mn |
| Sep 30, 2024 | 46.90 Mn |
| Jun 30, 2024 | 45.49 Mn |
| Mar 31, 2024 | 38.84 Mn |
| Dec 31, 2023 | 34.32 Mn |
| Sep 30, 2023 | 39.81 Mn |
| Jun 30, 2023 | 38.14 Mn |
API Access
Twfg 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=operating-expenses&ticker=TWFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TWFG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TWFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();