Tradeweb Markets (TW) EBIT Margin (2018 - 2026)
Tradeweb Markets' quarterly EBIT Margin came in at 46.5% in Q1 2026, up 645.0% year-on-year from 6.24% in Q1 2025, and up 9.65% quarter-over-quarter from 42.41% in Q4 2025.
Tradeweb Markets has reported EBIT Margin for 9 years, with the latest figure at 46.5% in Q1 2026.
- For the quarter ending Q1 2026, EBIT Margin rose 645.0% year-over-year to 46.5%; the trailing twelve-month figure through Mar 2026 stood at 42.51% (up 340.0% YoY), and the FY2025 full-year result was 40.7%, up 142.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 46.5%, up from 42.41% in the prior quarter.
- The five-year high for EBIT Margin was 46.5% in Q1 2026, with the low at 31.24% in Q4 2022.
- Average EBIT Margin over 5 years is 38.61%, with a median of 38.28% recorded in 2023.
- Year-over-year, EBIT Margin surged 704 bps in 2023 and slumped 250 bps in 2024.
- Tracing TW's EBIT Margin over 5 years: stood at 31.24% in 2022, then climbed by 23 bps to 38.28% in 2023, then advanced by 6 bps to 40.69% in 2024, then climbed by 4 bps to 42.41% in 2025, then grew by 10 bps to 46.5% in 2026.
- The last three EBIT Margin figures came in at 46.5% (Q1 2026), 42.41% (Q4 2025), and 41.36% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 95.15% |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 136.81% |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 61.80% |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 28.49% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 139.66% |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 108.11% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 11.84% |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -161.28% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 46.50% |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -521.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.50% |
| Dec 31, 2025 | 42.41% |
| Sep 30, 2025 | 41.36% |
| Jun 30, 2025 | 38.96% |
| Mar 31, 2025 | 40.05% |
| Dec 31, 2024 | 40.69% |
| Sep 30, 2024 | 35.49% |
| Jun 30, 2024 | 40.13% |
| Mar 31, 2024 | 41.02% |
| Dec 31, 2023 | 38.28% |
| Sep 30, 2023 | 37.99% |
| Jun 30, 2023 | 37.45% |
| Mar 31, 2023 | 37.23% |
| Dec 31, 2022 | 31.24% |
| Sep 30, 2022 | 35.81% |
| Jun 30, 2022 | 35.88% |
| Mar 31, 2022 | 35.83% |
| Dec 31, 2021 | 32.93% |
| Sep 30, 2021 | 32.24% |
| Jun 30, 2021 | 32.12% |
| Mar 31, 2021 | 35.96% |
| Dec 31, 2020 | 30.71% |
| Sep 30, 2020 | 27.49% |
| Jun 30, 2020 | 26.23% |
| Mar 31, 2020 | 33.08% |
| Dec 31, 2019 | 27.54% |
| Sep 30, 2019 | 28.99% |
| Jun 30, 2019 | 16.25% |
| Mar 31, 2019 | 24.77% |
| Sep 30, 2018 | 57.05% |
| Jun 30, 2018 | 1,485.28% |
| Mar 31, 2018 | 169.83% |