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| 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 |