Tradeweb Markets (TW) EBITDA (2018 - 2026)

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

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

Tradeweb Markets (TW) has reported EBITDA for 9 consecutive years, with $294.5 million the latest figure, recorded in 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 came in at $294.5 million for Q1 2026 at Tradeweb Markets, 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.
  • Across the five-year window, EBITDA increased 1.23% in 2022 and surged 52.44% in 2023, its largest moves.
  • Year by year, EBITDA 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 climbed by 16.9% to $228.1 million in 2025, then rose by 29.08% to $294.5 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered $294.5 million, $228.1 million, and $216.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 19.58 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 23.57 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 4.01 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 441.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 304.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 584.88 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 294.45 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 46.00 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -254.94 Mn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 323.97 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