Tradeweb Markets (TW) EBT Margin (2018 - 2026)
Tradeweb Markets (TW) posted quarterly EBT Margin of 48.34% for Q2 2026, up 407.0% year-over-year from 9.53% in Q2 2025, and down 1.42% quarter-over-quarter from 49.04% in Q1 2026.
Tradeweb Markets (TW) EBT Margin (2018 - 2026) Analysis & Trends
Tradeweb Markets' EBT Margin history runs 9 years deep, the most recent figure standing at 48.34% for Q2 2026.
- In Q2 2026, EBT Margin rose 407.0% year-over-year to 48.34%; the TTM figure through Jun 2026 stood at 58.89% (up 1586.0% YoY), while the FY2025 annual figure was 57.25%, up 1354.0% from the prior year.
- EBT Margin for Q2 2026 stood at 48.34%, down from 49.04% in the prior quarter.
- The five-year high for EBT Margin was 87.63% in Q4 2025, with the low at 35.69% in Q1 2022.
- The 5-year median for EBT Margin is 43.1% (2023), against an average of 45.13%.
- The sharpest annual moves came in 2024 and 2025: EBT Margin sank 404 bps in 2024, then soared 4225 bps in 2025.
- Tradeweb Markets' EBT Margin stood at 38.43% in 2022, then retreated by 1 bps to 38.19% in 2023, then climbed by 19 bps to 45.38% in 2024, then soared by 93 bps to 87.63% in 2025, then sank by 45 bps to 48.34% in 2026.
- Business Quant data shows TW's EBT Margin at 48.34% in Q2 2026, 49.04% in Q1 2026, and 87.63% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 34.42% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 42.10% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 51.88% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 54.20% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 76.79% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 9.94% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 48.34% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 7.46% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 62.17% |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | -10.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.34% |
| Mar 31, 2026 | 49.04% |
| Dec 31, 2025 | 87.63% |
| Sep 30, 2025 | 53.01% |
| Jun 30, 2025 | 44.26% |
| Mar 31, 2025 | 43.48% |
| Dec 31, 2024 | 45.38% |
| Sep 30, 2024 | 38.69% |
| Jun 30, 2024 | 45.30% |
| Mar 31, 2024 | 45.76% |
| Dec 31, 2023 | 38.19% |
| Sep 30, 2023 | 42.73% |
| Jun 30, 2023 | 42.17% |
| Mar 31, 2023 | 41.12% |
| Dec 31, 2022 | 38.43% |
| Sep 30, 2022 | 37.00% |
| Jun 30, 2022 | 36.06% |
| Mar 31, 2022 | 35.69% |
| Dec 31, 2021 | 37.39% |
| Sep 30, 2021 | 32.10% |