Growth Metrics

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

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DateValue
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