Tradeweb Markets (TW) EBITDA (2018 - 2026)
Tradeweb Markets (TW) posted quarterly EBITDA of $245.3 million for Q2 2026, up 22.72% year-over-year from $199.9 million in Q2 2025, and down 14.62% quarter-over-quarter from $287.3 million in Q1 2026.
Tradeweb Markets (TW) EBITDA (2018 - 2026) Analysis & Trends
Tradeweb Markets' EBITDA history runs 9 years deep, the most recent figure standing at $245.3 million for Q2 2026.
- In Q2 2026, EBITDA rose 22.72% year-over-year to $245.3 million; the TTM figure through Jun 2026 stood at $963.9 million (up 28.21% YoY), while the FY2025 annual figure was $835.3 million, up 23.2% from the prior year.
- EBITDA for Q2 2026 stood at $245.3 million, down from $287.3 million in the prior quarter.
- The five-year high for EBITDA was $287.3 million in Q1 2026, with the low at $91.6 million in Q4 2022.
- The 5-year median for EBITDA is $160.9 million (2024), against an average of $164.7 million.
- The sharpest annual moves came in 2022 and 2023: EBITDA increased 0.41% in 2022, then surged 54.7% in 2023.
- Tradeweb Markets' EBITDA stood at $91.6 million in 2022, then surged by 54.7% to $141.6 million in 2023, then surged by 33.12% to $188.5 million in 2024, then grew by 17.22% to $221.0 million in 2025, then gained by 10.97% to $245.3 million in 2026.
- Business Quant data shows TW's EBITDA at $245.3 million in Q2 2026, $287.3 million in Q1 2026, and $221.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 20.47 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 26.66 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 4.46 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 470.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 2.64 Bn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 617.01 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 252.46 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 35.36 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 532.81 Mn |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | -34.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 245.26 Mn |
| Mar 31, 2026 | 287.25 Mn |
| Dec 31, 2025 | 221.01 Mn |
| Sep 30, 2025 | 210.37 Mn |
| Jun 30, 2025 | 199.85 Mn |
| Mar 31, 2025 | 204.10 Mn |
| Dec 31, 2024 | 188.54 Mn |
| Sep 30, 2024 | 159.32 Mn |
| Jun 30, 2024 | 162.49 Mn |
| Mar 31, 2024 | 167.68 Mn |
| Dec 31, 2023 | 141.63 Mn |
| Sep 30, 2023 | 124.74 Mn |
| Jun 30, 2023 | 116.34 Mn |
| Mar 31, 2023 | 122.57 Mn |
| Dec 31, 2022 | 91.55 Mn |
| Sep 30, 2022 | 102.81 Mn |
| Jun 30, 2022 | 106.61 Mn |
| Mar 31, 2022 | 111.60 Mn |
| Dec 31, 2021 | 91.18 Mn |
| Sep 30, 2021 | 85.53 Mn |