Tradeweb Markets (TW) Change in Receivables (2018 - 2026)
Tradeweb Markets' quarterly Change in Receivables came in at $95.9 million in Q1 2026, up 105.56% year-on-year from $46.6 million in Q1 2025, and up 804.16% quarter-over-quarter from -$13.6 million in Q4 2025.
Tradeweb Markets has reported Change in Receivables for 9 years, with the latest figure at $95.9 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Receivables rose 105.56% year-over-year to $95.9 million; the trailing twelve-month figure through Mar 2026 stood at $79.3 million (up 19.77% YoY), and the FY2025 full-year result was $30.1 million, down 32.03% from the prior year.
- Change in Receivables for Q1 2026 stood at $95.9 million, up from -$13.6 million in the prior quarter.
- The five-year high for Change in Receivables was $95.9 million in Q1 2026, with the low at -$21.3 million in Q4 2024.
- Average Change in Receivables over 5 years is $12.3 million, with a median of $599000.0 recorded in 2024.
- Year-over-year, Change in Receivables sank 1607.53% in 2024 and jumped 1306.68% in 2025.
- Tracing TW's Change in Receivables over 5 years: stood at -$12.7 million in 2022, then surged by 90.17% to -$1.2 million in 2023, then slumped by 1607.53% to -$21.3 million in 2024, then soared by 36.17% to -$13.6 million in 2025, then jumped by 804.16% to $95.9 million in 2026.
- The last three Change in Receivables figures came in at $95.9 million (Q1 2026), -$13.6 million (Q4 2025), and $8.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 24.61 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 44.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 251.00 Mn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 12.60 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 160.03 Mn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 67.36 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 95.86 Mn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -23.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 95.86 Mn |
| Mar 31, 2026 | 95.86 Mn |
| Dec 31, 2025 | -13.61 Mn |
| Dec 31, 2025 | -13.61 Mn |
| Sep 30, 2025 | 8.43 Mn |
| Sep 30, 2025 | 8.43 Mn |
| Jun 30, 2025 | -11.39 Mn |
| Jun 30, 2025 | -11.39 Mn |
| Mar 31, 2025 | 46.63 Mn |
| Mar 31, 2025 | 46.63 Mn |
| Dec 31, 2024 | -21.33 Mn |
| Dec 31, 2024 | -21.33 Mn |
| Sep 30, 2024 | 599,000.00 |
| Sep 30, 2024 | 599,000.00 |
| Jun 30, 2024 | 40.29 Mn |
| Jun 30, 2024 | 40.29 Mn |
| Mar 31, 2024 | 24.66 Mn |
| Mar 31, 2024 | 24.66 Mn |
| Dec 31, 2023 | -1.25 Mn |
| Dec 31, 2023 | -1.25 Mn |
| Sep 30, 2023 | 4.09 Mn |
| Sep 30, 2023 | 4.09 Mn |
| Jun 30, 2023 | -9.07 Mn |
| Jun 30, 2023 | -9.07 Mn |
| Mar 31, 2023 | 27.31 Mn |
| Mar 31, 2023 | 27.31 Mn |
| Dec 31, 2022 | -12.71 Mn |
| Dec 31, 2022 | -12.71 Mn |
| Sep 30, 2022 | -700,000.00 |
| Sep 30, 2022 | -700,000.00 |
| Jun 30, 2022 | -5.80 Mn |
| Jun 30, 2022 | -5.80 Mn |
| Mar 31, 2022 | 36.44 Mn |
| Mar 31, 2022 | 36.44 Mn |
| Dec 31, 2021 | -3.47 Mn |
| Dec 31, 2021 | -3.47 Mn |
| Sep 30, 2021 | -7.35 Mn |
| Sep 30, 2021 | -7.35 Mn |
| Jun 30, 2021 | -5.65 Mn |
| Jun 30, 2021 | -5.65 Mn |
| Mar 31, 2021 | 38.83 Mn |
| Mar 31, 2021 | 38.83 Mn |
| Dec 31, 2020 | 5.66 Mn |
| Dec 31, 2020 | 5.66 Mn |
| Sep 30, 2020 | -5.21 Mn |
| Sep 30, 2020 | -5.21 Mn |
| Jun 30, 2020 | -32.29 Mn |
| Jun 30, 2020 | -32.29 Mn |
| Mar 31, 2020 | 43.45 Mn |
| Mar 31, 2020 | 43.45 Mn |
| Dec 31, 2019 | -24.15 Mn |
| Dec 31, 2019 | -24.15 Mn |
| Jun 30, 2019 | -650,000.00 |
| Jun 30, 2019 | -650,000.00 |
| Mar 31, 2019 | 6.41 Mn |
| Mar 31, 2019 | 6.41 Mn |
| Sep 30, 2018 | 22.68 Mn |
| Sep 30, 2018 | 22.68 Mn |
| Mar 31, 2018 | 29.76 Mn |
| Mar 31, 2018 | 29.76 Mn |