Tradeweb Markets (TW) EBT (2018 - 2026)
Tradeweb Markets' EBT was $270.19 million in Q2 2026, up 19.0% from $227.06 million a year earlier but down 10.8% from the prior quarter.
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Analysis
Tradeweb Markets (TW) EBT (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tradeweb Markets' EBT was $1.3 billion through Jun 30, 2026, up 56.1% year-over-year; for FY2025, it was $1.17 billion, up 55.7% from FY2024.
- EBT has now increased for seven consecutive years, with a five-year compound annual growth rate of 33.8% (FY2020 to FY2025).
- In earlier years, EBT was $754.4 million in FY2024 (+37.7%), $547.98 million in FY2023 (+25.4%), $437.13 million in FY2022 (+18.1%) and $369.98 million in FY2021 (+34.8%).
- Quarterly EBT has moved between $85.17 million (Q3 2021) and $456.71 million (Q4 2025) over five years.
- Compared with a year earlier, EBT has increased for 22 straight quarters, with growth averaging 42.9% over the last eight quarters.
- Over the past five years, the year-over-year growth in EBT ranged from 8.8% (Q4 2022) to 117.2% (Q4 2025).
- Per Business Quant data, TW's EBT in the three quarters before Q2 2026 was $302.92 million (Q1 2026), $456.71 million (Q4 2025) and $269.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 709.00 Mn |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 2.27 Bn |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 1.33 Bn |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 1.29 Bn |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 653.00 Mn |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | 1.39 Bn |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 1.46 Bn |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | 1.06 Bn |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 494.70 Mn |
| 10 | Tradeweb Markets | 23.59 Bn | 16.31 Bn | - | 270.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 270.19 Mn |
| 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 |
API Access
Tradeweb Markets EBT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();