Tradeweb Markets (TW) Asset Utilization Ratio (2019 - 2026)
Tradeweb Markets' (TW) Asset Utilization Ratio stood at 0.27 in Q2 2026, up 6.3% from 0.25 a year earlier and up 1.7% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Asset Utilization Ratio (2019 - 2026) Analysis & Trends
Starting with Q1 2019, Tradeweb Markets' Asset Utilization Ratio history includes 30 quarters.
- Annual Asset Utilization Ratio has increased for six straight years.
- Across earlier years, Asset Utilization Ratio came in at 0.24 in FY2024 (+19.9%), 0.20 in FY2023 (+3.5%), 0.19 in FY2022 (+5.2%) and 0.18 in FY2021 (+11.3%).
- The Q2 2026 figure is the highest quarterly Asset Utilization Ratio since Q2 2019.
- On a year-over-year basis, Asset Utilization Ratio has increased for 12 consecutive quarters, with growth averaging 14.2% over the last eight quarters.
- Peak year-over-year performance for Asset Utilization Ratio in the last five years was growth of 27.3% in Q1 2025, against a decline of 0.1% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.26 (Q1 2026), 0.25 (Q4 2025) and 0.25 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 0.10 |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 0.04 |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 0.03 |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 0.08 |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 0.32 |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | 0.04 |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 0.03 |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | 0.03 |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 0.47 |
| 10 | Tradeweb Markets | 23.59 Bn | 16.31 Bn | - | 0.27 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.27 |
| Mar 31, 2026 | 0.26 |
| Dec 31, 2025 | 0.25 |
| Sep 30, 2025 | 0.25 |
| Jun 30, 2025 | 0.25 |
| Mar 31, 2025 | 0.25 |
| Dec 31, 2024 | 0.24 |
| Sep 30, 2024 | 0.22 |
| Jun 30, 2024 | 0.21 |
| Mar 31, 2024 | 0.20 |
| Dec 31, 2023 | 0.20 |
| Sep 30, 2023 | 0.19 |
| Jun 30, 2023 | 0.19 |
| Mar 31, 2023 | 0.19 |
| Dec 31, 2022 | 0.19 |
| Sep 30, 2022 | 0.19 |
| Jun 30, 2022 | 0.19 |
| Mar 31, 2022 | 0.19 |
| Dec 31, 2021 | 0.18 |
| Sep 30, 2021 | 0.18 |
API Access
Tradeweb Markets Asset Utilization Ratio 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=asset-utilization-ratio&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();