Growth Metrics

Tradeweb Markets (TW) Change in Cash (2018 - 2026)

Tradeweb Markets' quarterly Change in Cash came in at -$147.4 million in Q1 2026, down 335.6% year-on-year from $62.6 million in Q1 2025, and down 183.38% quarter-over-quarter from $176.8 million in Q4 2025.

Tradeweb Markets has reported Change in Cash for 9 years, with the latest figure at -$147.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Cash fell 335.6% year-over-year to -$147.4 million; the trailing twelve-month figure through Mar 2026 stood at $630.8 million (up 364.59% YoY), and the FY2025 full-year result was $744.4 million, up 303.31% from the prior year.
  • Change in Cash for Q1 2026 stood at -$147.4 million, down from $176.8 million in the prior quarter.
  • The five-year high for Change in Cash was $323.7 million in Q2 2025, with the low at -$544.5 million in Q3 2024.
  • Average Change in Cash over 5 years is $56.8 million, with a median of $147.0 million recorded in 2022.
  • Peak annual rise in Change in Cash reached 202.29% in 2022, while the deepest fall reached 871.72% in 2022.
  • Tracing TW's Change in Cash over 5 years: stood at $147.0 million in 2022, then jumped by 44.94% to $213.1 million in 2023, then decreased by 21.82% to $166.6 million in 2024, then climbed by 6.15% to $176.8 million in 2025, then tumbled by 183.38% to -$147.4 million in 2026.
  • The last three Change in Cash figures came in at -$147.4 million (Q1 2026), $176.8 million (Q4 2025), and $277.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 21.83 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 15.27 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.62 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 1.93 Bn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 3.20 Bn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 1.79 Bn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - -148.79 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -1.05 Bn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - -147.44 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn 112.01 Mn

Historic Data

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DateValue
Mar 31, 2026 -147.44 Mn
Dec 31, 2025 176.82 Mn
Sep 30, 2025 277.80 Mn
Jun 30, 2025 323.67 Mn
Mar 31, 2025 -33.85 Mn
Dec 31, 2024 166.57 Mn
Sep 30, 2024 -544.50 Mn
Jun 30, 2024 173.35 Mn
Mar 31, 2024 -161.59 Mn
Dec 31, 2023 213.06 Mn
Sep 30, 2023 97.01 Mn
Jun 30, 2023 163.73 Mn
Mar 31, 2023 -24.55 Mn
Dec 31, 2022 147.00 Mn
Sep 30, 2022 150.51 Mn
Jun 30, 2022 131.66 Mn
Mar 31, 2022 -143.99 Mn
Dec 31, 2021 150.14 Mn
Sep 30, 2021 140.68 Mn
Jun 30, 2021 -128.71 Mn
Mar 31, 2021 18.66 Mn
Dec 31, 2020 113.93 Mn
Sep 30, 2020 117.46 Mn
Jun 30, 2020 135.53 Mn
Mar 31, 2020 -36.35 Mn
Dec 31, 2019 52.82 Mn
Jun 30, 2019 -48.03 Mn
Mar 31, 2019 -48.50 Mn
Sep 30, 2018 94.11 Mn
Mar 31, 2018 -44.86 Mn