Tradeweb Markets (TW) EBT Margin (2018 - 2026)
Tradeweb Markets (TW) posted quarterly EBT Margin of 49.04% for Q1 2026, up 556.0% year-over-year from 7.47% in Q1 2025, and down 44.04% on a QoQ basis from 87.63% in Q4 2025.
Tradeweb Markets (TW) EBT Margin (2018 - 2026) Analysis & Trends
Tradeweb Markets (TW) has reported EBT Margin for 9 consecutive years, with 49.04% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin rose 556.0% year-over-year to 49.04%; the TTM figure through Mar 2026 stood at 58.15% (up 1496.0% YoY), while the FY2025 annual figure was 57.25%, up 1354.0% from the prior year.
- EBT Margin came in at 49.04% for Q1 2026 at Tradeweb Markets, down from 87.63% 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.
- Average EBT Margin over 5 years is 44.94%, with a median of 42.73% recorded in 2023.
- Across the five-year window, EBT Margin tumbled 404 bps in 2024 and jumped 4225 bps in 2025, its largest moves.
- Year by year, EBT Margin stood at 38.43% in 2022, then declined by 1 bps to 38.19% in 2023, then gained by 19 bps to 45.38% in 2024, then jumped by 93 bps to 87.63% in 2025, then tumbled by 44 bps to 49.04% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 49.04%, 87.63%, and 53.01% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 34.07% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 37.65% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 49.18% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 144.51% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 38.52% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 9.81% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 49.04% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 136.18% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -175.48% |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | 23.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 32.00% |