Tradeweb Markets (TW) EBITDA Margin (2018 - 2026)

Tradeweb Markets (TW) posted quarterly EBITDA Margin of 47.66% for Q1 2026, up 642.0% year-over-year from 6.42% in Q1 2025, and up 8.9% on a QoQ basis from 43.77% in Q4 2025.

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

Tradeweb Markets (TW) has reported EBITDA Margin for 9 consecutive years, with 47.66% the latest figure, recorded in Q1 2026.

  • In Q1 2026, EBITDA Margin rose 642.0% year-over-year to 47.66%; the TTM figure through Mar 2026 stood at 43.74% (up 335.0% YoY), while the FY2025 annual figure was 41.95%, up 135.0% from the prior year.
  • EBITDA Margin came in at 47.66% for Q1 2026 at Tradeweb Markets, up from 43.77% in the prior quarter.
  • The five-year high for EBITDA Margin was 47.66% in Q1 2026, with the low at 32.91% in Q4 2022.
  • Average EBITDA Margin over 5 years is 40.04%, with a median of 39.74% recorded in 2023.
  • Across the five-year window, EBITDA Margin soared 682 bps in 2023 and slumped 290 bps in 2024, its largest moves.
  • Year by year, EBITDA Margin stood at 32.91% in 2022, then increased by 21 bps to 39.74% in 2023, then rose by 6 bps to 42.12% in 2024, then increased by 4 bps to 43.77% in 2025, then rose by 9 bps to 47.66% in 2026.
  • According to Business Quant data, EBITDA Margin over the past three periods registered 47.66%, 43.77%, and 42.62% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 95.15%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 136.81%
3 Schwab Charles 167.21 Bn 122.24 Bn - 61.80%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 124.07%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 28.49%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 11.84%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 47.66%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 110.52%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -176.07%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 23.13%

Historic Data

Download Data
DateValue
Mar 31, 2026 47.66%
Dec 31, 2025 43.77%
Sep 30, 2025 42.62%
Jun 30, 2025 40.11%
Mar 31, 2025 41.24%
Dec 31, 2024 42.12%
Sep 30, 2024 36.74%
Jun 30, 2024 41.41%
Mar 31, 2024 42.32%
Dec 31, 2023 39.74%
Sep 30, 2023 39.63%
Jun 30, 2023 39.16%
Mar 31, 2023 38.77%
Dec 31, 2022 32.91%
Sep 30, 2022 37.55%
Jun 30, 2022 37.53%
Mar 31, 2022 37.34%
Dec 31, 2021 34.41%
Sep 30, 2021 34.38%
Jun 30, 2021 34.31%