Tradeweb Markets (TW) EBT (2018 - 2026)

Tradeweb Markets (TW) posted quarterly EBT of $302.9 million for Q1 2026, up 36.71% year-over-year from $221.6 million in Q1 2025, and down 33.67% on a QoQ basis from $456.7 million in Q4 2025.

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

Tradeweb Markets (TW) has reported EBT for 9 consecutive years, with $302.9 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, EBT rose 36.71% year-over-year to $302.9 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 59.24% YoY), while the FY2025 annual figure was $1.2 billion, up 55.75% from the prior year.
  • EBT came in at $302.9 million for Q1 2026 at Tradeweb Markets, down from $456.7 million in the prior quarter.
  • The five-year high for EBT was $456.7 million in Q4 2025, with the low at $106.2 million in Q3 2022.
  • Average EBT over 5 years is $189.3 million, with a median of $173.7 million recorded in 2024.
  • Across the five-year window, EBT rose 8.78% in 2022 and soared 117.23% in 2025, its largest moves.
  • Year by year, EBT stood at $112.6 million in 2022, then advanced by 25.48% to $141.3 million in 2023, then jumped by 48.8% to $210.2 million in 2024, then soared by 117.23% to $456.7 million in 2025, then slumped by 33.67% to $302.9 million in 2026.
  • According to Business Quant data, EBT over the past three periods registered $302.9 million, $456.7 million, and $269.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 7.01 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 6.49 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.19 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 514.30 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 411.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 484.58 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 302.92 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 56.69 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -254.09 Mn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 331.78 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 302.92 Mn
Dec 31, 2025 456.71 Mn
Sep 30, 2025 269.62 Mn
Jun 30, 2025 227.06 Mn
Mar 31, 2025 221.58 Mn
Dec 31, 2024 210.25 Mn
Sep 30, 2024 173.67 Mn
Jun 30, 2024 183.46 Mn
Mar 31, 2024 187.02 Mn
Dec 31, 2023 141.30 Mn
Sep 30, 2023 140.30 Mn
Jun 30, 2023 130.99 Mn
Mar 31, 2023 135.40 Mn
Dec 31, 2022 112.61 Mn
Sep 30, 2022 106.22 Mn
Jun 30, 2022 107.15 Mn
Mar 31, 2022 111.16 Mn
Dec 31, 2021 103.52 Mn
Sep 30, 2021 85.17 Mn
Jun 30, 2021 83.47 Mn