Growth Metrics

Tradeweb Markets (TW) EBITDA (2018 - 2026)

Tradeweb Markets' quarterly EBITDA came in at $294.5 million in Q1 2026, up 40.08% year-on-year from $210.2 million in Q1 2025, and up 29.08% quarter-over-quarter from $228.1 million in Q4 2025.

Tradeweb Markets has reported EBITDA for 9 years, with the latest figure at $294.5 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA rose 40.08% year-over-year to $294.5 million; the trailing twelve-month figure through Mar 2026 stood at $945.1 million (up 28.07% YoY), and the FY2025 full-year result was $860.9 million, up 22.86% from the prior year.
  • EBITDA for Q1 2026 stood at $294.5 million, up from $228.1 million in the prior quarter.
  • The five-year high for EBITDA was $294.5 million in Q1 2026, with the low at $96.5 million in Q4 2022.
  • Average EBITDA over 5 years is $165.6 million, with a median of $164.9 million recorded in 2024.
  • Year-over-year, EBITDA grew 1.23% in 2022 and jumped 52.44% in 2023.
  • Tracing TW's EBITDA over 5 years: stood at $96.5 million in 2022, then jumped by 52.44% to $147.0 million in 2023, then soared by 32.72% to $195.1 million in 2024, then gained by 16.9% to $228.1 million in 2025, then grew 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 Morgan Stanley 330.71 Bn 197.18 Bn - 19.58 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 23.57 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 4.01 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 304.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 246.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 46.00 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 584.88 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -254.94 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 294.45 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn -262.45 Mn

Historic Data

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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
Mar 31, 2021 103.73 Mn
Dec 31, 2020 76.58 Mn
Sep 30, 2020 63.22 Mn
Jun 30, 2020 60.04 Mn
Mar 31, 2020 81.92 Mn
Dec 31, 2019 54.33 Mn
Sep 30, 2019 58.26 Mn
Jun 30, 2019 30.96 Mn
Mar 31, 2019 46.28 Mn
Sep 30, 2018 52.82 Mn
Jun 30, 2018 40.16 Mn
Mar 31, 2018 47.36 Mn