Tradeweb Markets (TW) EBT (2018 - 2026)
Tradeweb Markets (TW) recorded quarterly EBT of $302.9 million in Q1 2026, down 33.67% quarter-over-quarter from $456.7 million in Q4 2025, and up 36.71% on a YoY basis from $221.6 million in Q1 2025.
Tradeweb Markets (TW) EBT (2018 - 2026) Analysis & Trends
Tradeweb Markets' EBT history runs 9 years deep, the most recent figure standing at $302.9 million for 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 was $302.9 million for Q1 2026 at Tradeweb Markets, down from $456.7 million in the prior quarter.
- In the past five years, EBT ranged from a high of $456.7 million in Q4 2025 to a low of $106.2 million in Q3 2022.
- Historically, EBT has averaged $189.3 million across 5 years, with a median of $173.7 million in 2024.
- The sharpest annual moves came in 2022 and 2025: EBT climbed 8.78% in 2022, then soared 117.23% in 2025.
- A 5-year view of EBT shows it stood at $112.6 million in 2022, then increased 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 sank 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 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | -65.54 Mn |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 7.01 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 6.49 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 3.19 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 411.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 1.29 Bn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 484.58 Mn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 302.92 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | -254.09 Mn |
| 10 | Circle Internet | 19.67 Bn | 18.16 Bn | 35.01 Mn | 56.69 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 |