Tradeweb Markets (TW) Equity Ratio (2018 - 2026)
Tradeweb Markets' quarterly Equity Ratio came in at 0.88 in Q1 2026, down 0.81% year-on-year from 0.89 in Q1 2025, and little changed quarter-over-quarter from 0.88 in Q4 2025.
Tradeweb Markets has reported Equity Ratio for 9 years, with the latest figure at 0.88 in Q1 2026.
- For the quarter ending Q1 2026, Equity Ratio fell 0.81% year-over-year to 0.88; the trailing twelve-month figure through Mar 2026 stood at 0.88 (down 0.81% YoY), and the FY2025 full-year result was 0.88, changed 0.29% from the prior year.
- Equity Ratio for Q1 2026 stood at 0.88, roughly flat from 0.88 in the prior quarter.
- The five-year high for Equity Ratio was 0.9 in Q1 2023, with the low at 0.82 in Q1 2024.
- Average Equity Ratio over 5 years is 0.87, with a median of 0.88 recorded in 2023.
- Year-over-year, Equity Ratio dropped 8.47% in 2024 and increased 8.13% in 2025.
- Tracing TW's Equity Ratio over 5 years: stood at 0.89 in 2022, then fell by 5.17% to 0.84 in 2023, then climbed by 4.79% to 0.88 in 2024, then fell by 0.29% to 0.88 in 2025, then climbed by 0.37% to 0.88 in 2026.
- The last three Equity Ratio figures came in at 0.88 (Q1 2026), 0.88 (Q4 2025), and 0.87 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 0.07 |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 0.06 |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 0.10 |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 0.21 |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 0.03 |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 0.04 |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 0.30 |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 0.37 |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 0.88 |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | 0.65 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.88 |
| Dec 31, 2025 | 0.88 |
| Sep 30, 2025 | 0.87 |
| Jun 30, 2025 | 0.83 |
| Mar 31, 2025 | 0.89 |
| Dec 31, 2024 | 0.88 |
| Sep 30, 2024 | 0.86 |
| Jun 30, 2024 | 0.85 |
| Mar 31, 2024 | 0.82 |
| Dec 31, 2023 | 0.84 |
| Sep 30, 2023 | 0.89 |
| Jun 30, 2023 | 0.88 |
| Mar 31, 2023 | 0.90 |
| Dec 31, 2022 | 0.89 |
| Sep 30, 2022 | 0.89 |
| Jun 30, 2022 | 0.90 |
| Mar 31, 2022 | 0.88 |
| Dec 31, 2021 | 0.89 |
| Sep 30, 2021 | 0.88 |
| Jun 30, 2021 | 0.89 |
| Mar 31, 2021 | 0.89 |
| Dec 31, 2020 | 0.88 |
| Sep 30, 2020 | 0.88 |
| Jun 30, 2020 | 0.88 |
| Mar 31, 2020 | 0.90 |
| Dec 31, 2019 | 0.90 |
| Sep 30, 2019 | 0.80 |
| Jun 30, 2019 | 0.88 |
| Mar 31, 2019 | 45.98 Mn |
| Dec 31, 2018 | 0.91 |