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| Date | Value |
|---|---|
| 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 |