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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 34.42% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 42.10% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 49.18% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 144.51% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 54.20% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -175.48% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 77.17% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 9.94% |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 48.34% |
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% |