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UWM Holdings (UWMC) Operating Expenses (2020 - 2025)

UWM Holdings (UWMC) has disclosed Operating Expenses for 6 consecutive years, with $589.4 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 13.81% to $589.4 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.2 billion, a 17.76% increase, with the full-year FY2025 number at $2.2 billion, up 17.76% from a year prior.
  • Operating Expenses was $589.4 million for Q4 2025 at UWM Holdings, up from $550.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $589.4 million in Q4 2025 to a low of $300.9 million in Q1 2023.
  • A 5-year average of $409.9 million and a median of $372.7 million in 2021 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: dropped 27.15% in 2021, then skyrocketed 46.36% in 2024.
  • UWM Holdings' Operating Expenses stood at $373.6 million in 2021, then dropped by 0.52% to $371.7 million in 2022, then decreased by 4.81% to $353.8 million in 2023, then surged by 46.36% to $517.9 million in 2024, then grew by 13.81% to $589.4 million in 2025.
  • Per Business Quant, the three most recent readings for UWMC's Operating Expenses are $589.4 million (Q4 2025), $550.6 million (Q3 2025), and $526.8 million (Q2 2025).