Tradeweb Markets (TW) EBIAT (2018 - 2026)
Tradeweb Markets' quarterly EBIAT came in at $205.3 million in Q1 2026, up 38.35% year-on-year from $148.4 million in Q1 2025, and down 20.56% quarter-over-quarter from $258.4 million in Q4 2025.
Tradeweb Markets has reported EBIAT for 9 years, with the latest figure at $205.3 million in Q1 2026.
- For the quarter ending Q1 2026, EBIAT rose 38.35% year-over-year to $205.3 million; the trailing twelve-month figure through Mar 2026 stood at $824.9 million (up 47.65% YoY), and the FY2025 full-year result was $812.8 million, up 42.6% from the prior year.
- EBIAT for Q1 2026 stood at $205.3 million, down from $258.4 million in the prior quarter.
- The five-year high for EBIAT was $258.4 million in Q4 2025, with the low at $69.1 million in Q3 2022.
- Average EBIAT over 5 years is $135.7 million, with a median of $136.4 million recorded in 2024.
- Year-over-year, EBIAT surged 184.76% in 2022 and slumped 35.85% in 2023.
- Tracing TW's EBIAT over 5 years: stood at $139.2 million in 2022, then tumbled by 35.85% to $89.3 million in 2023, then soared by 79.08% to $159.9 million in 2024, then soared by 61.57% to $258.4 million in 2025, then slipped by 20.56% to $205.3 million in 2026.
- The last three EBIAT figures came in at $205.3 million (Q1 2026), $258.4 million (Q4 2025), and $185.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 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 | 350.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | - |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 356.40 Mn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -247.83 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 205.28 Mn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -253.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 205.28 Mn |
| Dec 31, 2025 | 258.42 Mn |
| Sep 30, 2025 | 185.64 Mn |
| Jun 30, 2025 | 175.52 Mn |
| Mar 31, 2025 | 148.38 Mn |
| Dec 31, 2024 | 159.94 Mn |
| Sep 30, 2024 | 113.92 Mn |
| Jun 30, 2024 | 136.42 Mn |
| Mar 31, 2024 | 143.38 Mn |
| Dec 31, 2023 | 89.31 Mn |
| Sep 30, 2023 | 98.61 Mn |
| Jun 30, 2023 | 101.94 Mn |
| Mar 31, 2023 | 102.19 Mn |
| Dec 31, 2022 | 139.22 Mn |
| Sep 30, 2022 | 69.08 Mn |
| Jun 30, 2022 | 81.60 Mn |
| Mar 31, 2022 | 97.45 Mn |
| Dec 31, 2021 | 48.89 Mn |
| Sep 30, 2021 | 65.31 Mn |
| Jun 30, 2021 | 66.23 Mn |
| Mar 31, 2021 | 81.57 Mn |
| Dec 31, 2020 | 66.45 Mn |
| Sep 30, 2020 | 47.05 Mn |
| Jun 30, 2020 | 42.41 Mn |
| Mar 31, 2020 | 62.49 Mn |
| Dec 31, 2019 | 41.33 Mn |
| Sep 30, 2019 | 48.58 Mn |
| Jun 30, 2019 | 12.83 Mn |
| Mar 31, 2019 | 42.35 Mn |
| Sep 30, 2018 | 45.96 Mn |
| Jun 30, 2018 | 38.90 Mn |
| Mar 31, 2018 | 45.31 Mn |