Tradeweb Markets (TW) EBIT Margin (2018 - 2026)
Tradeweb Markets (TW) posted quarterly EBIT Margin of 43.88% for Q2 2026, up 492.0% year-over-year from 7.41% in Q2 2025, and down 5.63% quarter-over-quarter from 46.5% in Q1 2026.
Tradeweb Markets (TW) EBIT Margin (2018 - 2026) Analysis & Trends
Tradeweb Markets' EBIT Margin history runs 9 years deep, the most recent figure standing at 43.88% for Q2 2026.
- In Q2 2026, EBIT Margin rose 492.0% year-over-year to 43.88%; the TTM figure through Jun 2026 stood at 43.68% (up 483.0% YoY), while the FY2025 annual figure was 40.7%, up 142.0% from the prior year.
- EBIT Margin for Q2 2026 stood at 43.88%, down from 46.5% 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.
- The 5-year median for EBIT Margin is 38.62% (2025), against an average of 38.9%.
- The sharpest annual moves came in 2023 and 2024: EBIT Margin surged 704 bps in 2023, then sank 250 bps in 2024.
- Tradeweb Markets' EBIT Margin stood at 31.24% in 2022, then gained by 23 bps to 38.28% in 2023, then rose by 6 bps to 40.69% in 2024, then gained by 4 bps to 42.41% in 2025, then rose by 3 bps to 43.88% in 2026.
- Business Quant data shows TW's EBIT Margin at 43.88% in Q2 2026, 46.5% in Q1 2026, and 42.41% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 95.89% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 131.07% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 63.04% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 35.93% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 138.98% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 11.90% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 43.88% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 4.90% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 64.41% |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | -22.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 43.88% |
| 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% |