Tradeweb Markets (TW) EBT Margin (2018 - 2026)
Tradeweb Markets' quarterly EBT Margin came in at 49.04% in Q1 2026, up 556.0% year-on-year from 7.47% in Q1 2025, and down 44.04% quarter-over-quarter from 87.63% in Q4 2025.
Tradeweb Markets has reported EBT Margin for 9 years, with the latest figure at 49.04% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin rose 556.0% year-over-year to 49.04%; the trailing twelve-month figure through Mar 2026 stood at 58.15% (up 1496.0% YoY), and the FY2025 full-year result was 57.25%, up 1354.0% from the prior year.
- EBT Margin for Q1 2026 stood at 49.04%, 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.
- Year-over-year, EBT Margin slumped 404 bps in 2024 and soared 4225 bps in 2025.
- Tracing TW's EBT Margin over 5 years: stood at 38.43% in 2022, then slipped by 1 bps to 38.19% in 2023, then increased by 19 bps to 45.38% in 2024, then surged by 93 bps to 87.63% in 2025, then sank by 44 bps to 49.04% in 2026.
- The last three EBT Margin figures came in at 49.04% (Q1 2026), 87.63% (Q4 2025), and 53.01% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 34.07% |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 37.65% |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 49.18% |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 38.52% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 77.17% |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 136.18% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 9.81% |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -175.48% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 49.04% |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -425.36% |
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% |
| Mar 31, 2021 | 35.78% |
| Dec 31, 2020 | 35.45% |
| Sep 30, 2020 | 27.33% |
| Jun 30, 2020 | 26.10% |
| Mar 31, 2020 | 33.38% |
| Dec 31, 2019 | 44.68% |
| Sep 30, 2019 | 29.30% |
| Jun 30, 2019 | 16.34% |
| Mar 31, 2019 | 25.23% |
| Sep 30, 2018 | 57.78% |
| Jun 30, 2018 | 1,506.80% |
| Mar 31, 2018 | 171.52% |