Tradeweb Markets (TW) EBIT Margin (2018 - 2026)
Tradeweb Markets (TW) posted quarterly EBIT Margin of 46.5% for Q1 2026, up 645.0% year-over-year from 6.24% in Q1 2025, and up 9.65% on a QoQ basis from 42.41% in Q4 2025.
Tradeweb Markets (TW) EBIT Margin (2018 - 2026) Analysis & Trends
Tradeweb Markets (TW) has reported EBIT Margin for 9 consecutive years, with 46.5% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBIT Margin rose 645.0% year-over-year to 46.5%; the TTM figure through Mar 2026 stood at 42.51% (up 340.0% YoY), while the FY2025 annual figure was 40.7%, up 142.0% from the prior year.
- EBIT Margin came in at 46.5% for Q1 2026 at Tradeweb Markets, 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.
- Across the five-year window, EBIT Margin soared 704 bps in 2023 and tumbled 250 bps in 2024, its largest moves.
- Year by year, EBIT Margin stood at 31.24% in 2022, then increased by 23 bps to 38.28% in 2023, then grew by 6 bps to 40.69% in 2024, then increased by 4 bps to 42.41% in 2025, then rose by 10 bps to 46.5% in 2026.
- According to Business Quant data, EBIT Margin over the past three periods registered 46.5%, 42.41%, and 41.36% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 95.15% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 136.81% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 61.80% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 149.71% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 28.49% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 11.84% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 46.50% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 108.11% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -161.28% |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | 23.13% |
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% |