Discontinued — last reported Q4 '25

Operating Expenses

Compensation and benefits

Tradeweb Markets Inc. Compensation and benefits increased by 24.2% to $197.79M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.8%, from $176.88M to $197.79M. Over 4 years (FY 2021 to FY 2025), Compensation and benefits shows an upward trend with a 13.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025

How to read this metric

An increase often reflects headcount growth or higher performance-based incentives, while a decrease may indicate efficiency initiatives or workforce reductions.

Detailed definition

Includes all salaries, wages, bonuses, stock-based compensation, and employee benefit costs for the workforce. This is t...

Peer comparison

Highly comparable across all sectors; usually found under 'Personnel' or 'Staffing' expenses.

Metric ID: compensation_and_benefits

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$98.45M$98.04M$107.15M$117.99M$109.89M$102.72M$101.82M$114.49M$103.92M$116.02M$125.87M$143.09M$137.24M$160.16M$152.21M$176.88M$169.69M$164.99M$159.27M$197.79M
QoQ Change-0.4%+9.3%+10.1%-6.9%-6.5%-0.9%+12.4%-9.2%+11.6%+8.5%+13.7%-4.1%+16.7%-5.0%+16.2%-4.1%-2.8%-3.5%+24.2%
YoY Change+11.6%+4.8%-5.0%-3.0%-5.4%+12.9%+23.6%+25.0%+32.1%+38.1%+20.9%+23.6%+23.7%+3.0%+4.6%+11.8%
Range$98.04M$197.79M
CAGR+15.8%
Avg YoY Growth+13.9%
Median YoY Growth+12.4%

Business Segments

View all
SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment$176.88M$169.69M$164.99M$159.27M$197.79M
Total$176.88M$169.69M$164.99M$159.27M$197.79M

Frequently Asked Questions

What is Tradeweb Markets Inc.'s compensation and benefits?
Tradeweb Markets Inc. (TW) reported compensation and benefits of $197.79M in Q1 2026.
How has Tradeweb Markets Inc.'s compensation and benefits changed year-over-year?
Tradeweb Markets Inc.'s compensation and benefits increased by 11.8% year-over-year, from $176.88M to $197.79M.
What is the long-term trend for Tradeweb Markets Inc.'s compensation and benefits?
Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s compensation and benefits has grown at a 13.3% compound annual growth rate (CAGR), from $407.26M to $670.83M.
What does compensation and benefits mean?
The total cost of employee salaries, bonuses, and benefits.