Tradeweb Markets (TW) EBT (2018 - 2026)
Tradeweb Markets' quarterly EBT came in at $302.9 million in Q1 2026, up 36.71% year-on-year from $221.6 million in Q1 2025, and down 33.67% quarter-over-quarter from $456.7 million in Q4 2025.
Tradeweb Markets has reported EBT for 9 years, with the latest figure at $302.9 million in Q1 2026.
- For the quarter ending Q1 2026, EBT rose 36.71% year-over-year to $302.9 million; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (up 59.24% YoY), and the FY2025 full-year result was $1.2 billion, up 55.75% from the prior year.
- EBT for Q1 2026 stood at $302.9 million, 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.
- Year-over-year, EBT increased 8.78% in 2022 and surged 117.23% in 2025.
- Tracing TW's EBT over 5 years: stood at $112.6 million in 2022, then rose by 25.48% to $141.3 million in 2023, then surged by 48.8% to $210.2 million in 2024, then jumped by 117.23% to $456.7 million in 2025, then plunged by 33.67% to $302.9 million in 2026.
- The last three EBT figures came in at $302.9 million (Q1 2026), $456.7 million (Q4 2025), and $269.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 7.01 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 6.49 Bn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 3.19 Bn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 411.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 1.29 Bn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 56.69 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 484.58 Mn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -254.09 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 302.92 Mn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -302.08 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 |
| Mar 31, 2021 | 97.83 Mn |
| Dec 31, 2020 | 82.63 Mn |
| Sep 30, 2020 | 58.17 Mn |
| Jun 30, 2020 | 55.35 Mn |
| Mar 31, 2020 | 78.31 Mn |
| Dec 31, 2019 | 88.17 Mn |
| Sep 30, 2019 | 58.89 Mn |
| Jun 30, 2019 | 31.13 Mn |
| Mar 31, 2019 | 47.14 Mn |
| Sep 30, 2018 | 53.49 Mn |
| Jun 30, 2018 | 40.74 Mn |
| Mar 31, 2018 | 47.83 Mn |