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| 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 |