Tradeweb Markets (TW) EBITDA (2018 - 2026)

Tradeweb Markets (TW) recorded quarterly EBITDA of $294.5 million in Q1 2026, up 29.08% quarter-over-quarter from $228.1 million in Q4 2025, and up 40.08% on a YoY basis from $210.2 million in Q1 2025.

Tradeweb Markets (TW) EBITDA (2018 - 2026) Analysis & Trends

Tradeweb Markets' EBITDA history runs 9 years deep, the most recent figure standing at $294.5 million for Q1 2026.

  • In Q1 2026, EBITDA rose 40.08% year-over-year to $294.5 million; the TTM figure through Mar 2026 stood at $945.1 million (up 28.07% YoY), while the FY2025 annual figure was $860.9 million, up 22.86% from the prior year.
  • EBITDA was $294.5 million for Q1 2026 at Tradeweb Markets, up from $228.1 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $294.5 million in Q1 2026 to a low of $96.5 million in Q4 2022.
  • Historically, EBITDA has averaged $165.6 million across 5 years, with a median of $164.9 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: EBITDA advanced 1.23% in 2022, then surged 52.44% in 2023.
  • A 5-year view of EBITDA shows it stood at $96.5 million in 2022, then soared by 52.44% to $147.0 million in 2023, then surged by 32.72% to $195.1 million in 2024, then rose by 16.9% to $228.1 million in 2025, then climbed by 29.08% to $294.5 million in 2026.
  • The last three EBITDA figures came in at $294.5 million (Q1 2026), $228.1 million (Q4 2025), and $216.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -35.15 Mn
2 Morgan Stanley 349.82 Bn 216.29 Bn - 19.58 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 23.57 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 4.01 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 304.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 246.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 584.88 Mn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 294.45 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -254.94 Mn
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 46.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 294.45 Mn
Dec 31, 2025 228.11 Mn
Sep 30, 2025 216.77 Mn
Jun 30, 2025 205.75 Mn
Mar 31, 2025 210.20 Mn
Dec 31, 2024 195.14 Mn
Sep 30, 2024 164.92 Mn
Jun 30, 2024 167.69 Mn
Mar 31, 2024 172.98 Mn
Dec 31, 2023 147.03 Mn
Sep 30, 2023 130.14 Mn
Jun 30, 2023 121.64 Mn
Mar 31, 2023 127.67 Mn
Dec 31, 2022 96.45 Mn
Sep 30, 2022 107.81 Mn
Jun 30, 2022 111.51 Mn
Mar 31, 2022 116.30 Mn
Dec 31, 2021 95.28 Mn
Sep 30, 2021 91.23 Mn
Jun 30, 2021 89.49 Mn