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| Date | Value |
|---|---|
| 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 |