Growth Metrics

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

Tradeweb Markets' quarterly Enterprise Value came in at -$1.2 billion in Q1 2026, down 78.74% year-on-year from -$5.9 billion in Q1 2025, and up 11.07% quarter-over-quarter from -$1.4 billion in Q4 2025.

Tradeweb Markets has reported Enterprise Value for 9 years, with the latest figure at -$1.2 billion in Q1 2026.

  • For the quarter ending Q1 2026, Enterprise Value fell 78.74% year-over-year to -$1.2 billion; the trailing twelve-month figure through Mar 2026 stood at -$1.2 billion (down 78.74% YoY), and the FY2025 full-year result was -$1.4 billion, down 89.22% from the prior year.
  • Enterprise Value for Q1 2026 stood at -$1.2 billion, 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.
  • Year-over-year, Enterprise Value slumped 884.46% in 2022 and surged 37.94% in 2024.
  • Tracing TW's Enterprise Value over 5 years: stood at -$664.7 million in 2022, then plunged by 72.83% to -$1.1 billion in 2023, then surged by 35.45% to -$741.6 million in 2024, then sank by 89.22% to -$1.4 billion in 2025, then rose 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 Morgan Stanley 330.71 Bn 197.18 Bn - -133.53 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - -937.55 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - -44.98 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn -4.64 Bn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 10.59 Bn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn -1.52 Bn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - -1.02 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -2.21 Bn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - -1.25 Bn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn 149.71 Mn

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
Mar 31, 2021 -163.82 Mn
Dec 31, 2020 -75.57 Mn
Sep 30, 2020 145.01 Mn
Jun 30, 2020 255.01 Mn
Mar 31, 2020 761.68 Mn
Dec 31, 2019 753.45 Mn
Sep 30, 2019 1.22 Bn
Jun 30, 2019 1.29 Bn
Mar 31, 2019 -100.00
Dec 31, 2018 -410.10 Mn
Mar 31, 2018 -127.93 Mn