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

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

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

Tradeweb Markets' Enterprise Value history runs 9 years deep, the most recent figure standing at -$1.2 billion for 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 was -$1.2 billion for Q1 2026 at Tradeweb Markets, up from -$1.4 billion in the prior quarter.
  • In the past five years, Enterprise Value ranged from a high of -$182.9 million in Q1 2022 to a low of -$1.4 billion in Q4 2025.
  • Historically, Enterprise Value has averaged -$842.5 million across 5 years, with a median of -$861.0 million in 2023.
  • The sharpest annual moves came in 2022 and 2024: Enterprise Value slumped 884.46% in 2022, then soared 37.94% in 2024.
  • A 5-year view of Enterprise Value shows it stood at -$664.7 million in 2022, then sank by 72.83% to -$1.1 billion in 2023, then jumped by 35.45% to -$741.6 million in 2024, then slumped by 89.22% to -$1.4 billion in 2025, then increased by 11.07% to -$1.2 billion in 2026.
  • The last three Enterprise Value figures came in at -$1.2 billion (Q1 2026), -$1.4 billion (Q4 2025), and -$1.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -268,003.51
2 Morgan Stanley 349.82 Bn 216.29 Bn - -133.53 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - -937.55 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - -44.98 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn -4.64 Bn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 10.59 Bn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - -1.02 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - -1.25 Bn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -2.21 Bn
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn -1.52 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