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 | 338.83 Bn | 205.30 Bn | - | 20.47 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 26.66 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 7.05 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 532.81 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 470.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -233.52 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 2.33 Bn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 778.05 Mn |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 245.26 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 |