Growth Metrics

Tradeweb Markets (TW) Deferred Taxes (2018 - 2026)

Tradeweb Markets' quarterly Deferred Taxes came in at $21.4 million in Q1 2026, up 122.77% year-on-year from $9.6 million in Q1 2025, and down 68.84% quarter-over-quarter from $68.7 million in Q4 2025.

Tradeweb Markets has reported Deferred Taxes for 9 years, with the latest figure at $21.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Deferred Taxes rose 122.77% year-over-year to $21.4 million; the trailing twelve-month figure through Mar 2026 stood at $104.1 million (up 207.98% YoY), and the FY2025 full-year result was $92.3 million, up 185.69% from the prior year.
  • Deferred Taxes for Q1 2026 stood at $21.4 million, down from $68.7 million in the prior quarter.
  • The five-year high for Deferred Taxes was $68.7 million in Q4 2025, with the low at $2.0 million in Q4 2024.
  • Average Deferred Taxes over 5 years is $17.0 million, with a median of $13.3 million recorded in 2024.
  • Year-over-year, Deferred Taxes sank 90.12% in 2022 and surged 3369.65% in 2025.
  • Tracing TW's Deferred Taxes over 5 years: stood at $3.8 million in 2022, then soared by 423.78% to $19.8 million in 2023, then slumped by 90.01% to $2.0 million in 2024, then surged by 3369.65% to $68.7 million in 2025, then sank by 68.84% to $21.4 million in 2026.
  • The last three Deferred Taxes figures came in at $21.4 million (Q1 2026), $68.7 million (Q4 2025), and $8.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - -
2 Goldman Sachs 318.59 Bn -618.96 Bn - -47.00 Mn
3 Schwab Charles 154.74 Bn 109.76 Bn - -10.00 Mn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 34.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 1.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn -
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - -21.92 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 21.41 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn -52.27 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 21.41 Mn
Dec 31, 2025 68.70 Mn
Sep 30, 2025 8.86 Mn
Jun 30, 2025 5.15 Mn
Mar 31, 2025 9.61 Mn
Dec 31, 2024 1.98 Mn
Sep 30, 2024 13.33 Mn
Jun 30, 2024 8.89 Mn
Mar 31, 2024 8.12 Mn
Dec 31, 2023 19.83 Mn
Sep 30, 2023 20.81 Mn
Jun 30, 2023 25.04 Mn
Mar 31, 2023 24.22 Mn
Dec 31, 2022 3.79 Mn
Sep 30, 2022 18.53 Mn
Jun 30, 2022 18.91 Mn
Mar 31, 2022 11.64 Mn
Dec 31, 2021 38.33 Mn
Sep 30, 2021 18.33 Mn
Jun 30, 2021 12.75 Mn
Mar 31, 2021 16.00 Mn
Dec 31, 2020 30.45 Mn
Sep 30, 2020 12.53 Mn
Jun 30, 2020 14.98 Mn
Mar 31, 2020 7.23 Mn
Dec 31, 2019 12.42 Mn
Jun 30, 2019 -3.56 Mn
Mar 31, 2019 -39,000.00
Sep 30, 2018 6.20 Mn
Mar 31, 2018 452,000.00