Tradeweb Markets (TW) Enterprise Value (2018 - 2026)

Tradeweb Markets (TW) posted quarterly Enterprise Value of -$1.2 billion for Q1 2026, down 78.74% year-over-year from -$5.9 billion in Q1 2025, and up 11.07% on a QoQ basis from -$1.4 billion in Q4 2025.

Tradeweb Markets (TW) Enterprise Value (2018 - 2026) Analysis & Trends

Tradeweb Markets (TW) has reported Enterprise Value for 9 consecutive years, with -$1.2 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Enterprise Value fell 78.74% year-over-year to -$1.2 billion; the TTM figure through Mar 2026 stood at -$1.2 billion (down 78.74% YoY), while the FY2025 annual figure was -$1.4 billion, down 89.22% from the prior year.
  • Enterprise Value came in at -$1.2 billion for Q1 2026 at Tradeweb Markets, up from -$1.4 billion in the prior quarter.
  • The five-year high for Enterprise Value was -$182.9 million in Q1 2022, with the low at -$1.4 billion in Q4 2025.
  • Average Enterprise Value over 5 years is -$842.5 million, with a median of -$861.0 million recorded in 2023.
  • Across the five-year window, Enterprise Value tumbled 884.46% in 2022 and soared 37.94% in 2024, its largest moves.
  • Year by year, Enterprise Value stood at -$664.7 million in 2022, then slumped by 72.83% to -$1.1 billion in 2023, then jumped by 35.45% to -$741.6 million in 2024, then tumbled by 89.22% to -$1.4 billion in 2025, then advanced by 11.07% to -$1.2 billion in 2026.
  • According to Business Quant data, Enterprise Value over the past three periods registered -$1.2 billion, -$1.4 billion, and -$1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -133.53 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -937.55 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - -44.98 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -2.16 Bn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn -4.64 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -1.02 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -1.25 Bn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -1.52 Bn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -2.21 Bn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn -1.71 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.25 Bn
Dec 31, 2025 -1.40 Bn
Sep 30, 2025 -1.25 Bn
Jun 30, 2025 -1.00 Bn
Mar 31, 2025 -698.16 Mn
Dec 31, 2024 -741.61 Mn
Sep 30, 2024 -587.99 Mn
Jun 30, 2024 -1.14 Bn
Mar 31, 2024 -977.65 Mn
Dec 31, 2023 -1.15 Bn
Sep 30, 2023 -947.48 Mn
Jun 30, 2023 -860.99 Mn
Mar 31, 2023 -634.71 Mn
Dec 31, 2022 -664.70 Mn
Sep 30, 2022 -525.55 Mn
Jun 30, 2022 -303.85 Mn
Mar 31, 2022 -182.95 Mn
Dec 31, 2021 -308.70 Mn
Sep 30, 2021 -163.85 Mn
Jun 30, 2021 -30.87 Mn