Tradeweb Markets (TW) Common Equity (2018 - 2026)
Tradeweb Markets' Common Equity came in at $7.34 billion for Q2 2026, up 9.1% from $6.73 billion a year earlier and up 0.4% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Common Equity (2018 - 2026) Analysis & Trends
At the end of FY2025, Tradeweb Markets' Common Equity was $7.19 billion, up 12.4% from FY2024.
- Common Equity has increased in each of the last eight years, with a five-year compound annual growth rate of 7.5% (FY2020 to FY2025).
- Going back by year, Common Equity was $6.4 billion in FY2024 (+7.9%), $5.93 billion in FY2023 (+6.9%), $5.55 billion in FY2022 (+4.5%) and $5.31 billion in FY2021 (+5.8%).
- The Q2 2026 figure represents the highest quarterly Common Equity in data going back to Q4 2018.
- Year-over-year, Common Equity has increased for 27 consecutive quarters, with growth averaging 9.4% over the last eight quarters.
- Across the past five years, year-over-year growth in Common Equity ran from 2.5% in Q1 2022 to 12.4% in Q4 2025.
- Business Quant data shows TW's Common Equity at $7.31 billion (Q1 2026), $7.19 billion (Q4 2025) and $6.93 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 26.56 Bn |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 44.04 Bn |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 29.95 Bn |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | 10.08 Bn |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 12.00 Bn |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | - |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 5.93 Bn |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 23.25 Bn |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 13.36 Bn |
| 10 | Tradeweb Markets | 27.14 Bn | 18.94 Bn | - | 7.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.33 Bn |
| Jun 30, 2026 | 7.34 Bn |
| Mar 31, 2026 | 7.31 Bn |
| Dec 31, 2025 | 7.19 Bn |
| Sep 30, 2025 | 6.93 Bn |
| Jun 30, 2025 | 6.73 Bn |
| Mar 31, 2025 | 6.55 Bn |
| Dec 31, 2024 | 6.40 Bn |
| Sep 30, 2024 | 6.29 Bn |
| Jun 30, 2024 | 6.21 Bn |
| Mar 31, 2024 | 6.08 Bn |
| Dec 31, 2023 | 5.93 Bn |
| Sep 30, 2023 | 5.81 Bn |
| Jun 30, 2023 | 5.72 Bn |
| Mar 31, 2023 | 5.60 Bn |
| Dec 31, 2022 | 5.55 Bn |
| Sep 30, 2022 | 5.45 Bn |
| Jun 30, 2022 | 5.37 Bn |
| Mar 31, 2022 | 5.29 Bn |
| Dec 31, 2021 | 5.31 Bn |
API Access
Tradeweb Markets Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();