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
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 |
| 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 |