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| Date | Value |
|---|---|
| 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 |