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
DateValue
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%