Tradeweb Markets (TW) Deferred Taxes (2018 - 2026)
Tradeweb Markets (TW) recorded Deferred Taxes of $17.01 million in Q2 2026, down 20.5% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Deferred Taxes (2018 - 2026) Analysis & Trends
On a TTM basis, Tradeweb Markets' Deferred Taxes came in at $113.09 million as of Jun 30, 2026, up 243.2% year-over-year; for FY2025, it was $92.32 million, up 185.7% from FY2024.
- Annual Deferred Taxes has a five-year compound annual growth rate of 7.2% (FY2020 to FY2025).
- Across earlier years, Deferred Taxes came in at $32.31 million in FY2024 (-64.1%), $89.9 million in FY2023 (+70.1%), $52.86 million in FY2022 (-38.1%) and $85.41 million in FY2021 (+31.0%).
- Quarterly Deferred Taxes has ranged from $1.98 million in Q4 2024 to $68.7 million in Q4 2025 over the past five years.
- On a year-over-year basis, Deferred Taxes rose in two of the last five quarters, with an average decline of 8.5%.
- Peak year-over-year performance for Deferred Taxes in the last five years was growth of 423.8% in Q4 2023, against a decline of 90.1% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $21.41 million (Q1 2026), $68.7 million (Q4 2025) and $5.97 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | -4.20 Mn |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | -22.00 Mn |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 14.00 Mn |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 61.00 Mn |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 32.00 Mn |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | 52.00 Mn |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 12.60 Mn |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 1.00 Mn |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - | 20.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.44 Mn |
| Jun 30, 2026 | 17.01 Mn |
| Mar 31, 2026 | 21.41 Mn |
| Dec 31, 2025 | 68.70 Mn |
| Sep 30, 2025 | 5.97 Mn |
| Mar 31, 2025 | 17.65 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 |
API Access
Tradeweb Markets Deferred Taxes 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=deferred-taxes&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "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=deferred-taxes&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();