Tradeweb Markets (TW) EV to EBIT (2019 - 2026)
Tradeweb Markets' (TW) EV to EBIT stood at 22.80 in Q2 2026, down 49.0% from 44.71 a year earlier and down 21.0% from the prior quarter.
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Analysis
Tradeweb Markets (TW) EV to EBIT (2019 - 2026) Analysis & Trends
On a TTM basis, Tradeweb Markets' EV to EBIT came in at 16.65 as of Jun 30, 2026, down 58.0% year-over-year; for FY2025, it was 28.64, down 35.6% from FY2024.
- Across earlier years, EV to EBIT came in at 44.47 in FY2024 (+11.1%), 40.01 in FY2023 (+13.6%), 35.22 in FY2022 (-36.4%) and 55.35 in FY2021 (+2.5%).
- The Q2 2026 figure is the lowest quarterly EV to EBIT in data going back to Q2 2019.
- On a year-over-year basis, EV to EBIT has declined for four consecutive quarters, with an average decline of 13.2% over the last eight quarters.
- Peak year-over-year performance for EV to EBIT in the last five years was growth of 46.1% in Q3 2023, against a decline of 49.0% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 28.88 (Q1 2026), 28.64 (Q4 2025) and 31.13 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 105.82 Bn | 93.92 Bn | - |
| 2 | Intercontinental Exchange | 89.41 Bn | 83.14 Bn | - |
| 3 | Robinhood Markets | 86.77 Bn | 67.81 Bn | - |
| 4 | Nasdaq | 52.58 Bn | 50.01 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 36.48 Bn | 13.59 Bn | - |
| 6 | Cboe Global Markets | 32.16 Bn | 23.82 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.21 Bn | 20.53 Bn | - |
| 8 | Tradeweb Markets | 24.34 Bn | 16.35 Bn | - |
| 9 | Circle Internet | 20.17 Bn | 14.05 Bn | 288.85 Mn |
| 10 | Xp | 15.94 Bn | -5.89 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.80 |
| Mar 31, 2026 | 28.88 |
| Dec 31, 2025 | 28.64 |
| Sep 30, 2025 | 31.13 |
| Jun 30, 2025 | 44.71 |
| Mar 31, 2025 | 48.15 |
| Dec 31, 2024 | 44.47 |
| Sep 30, 2024 | 45.36 |
| Jun 30, 2024 | 40.07 |
| Mar 31, 2024 | 42.92 |
| Dec 31, 2023 | 40.01 |
| Sep 30, 2023 | 39.27 |
| Jun 30, 2023 | 35.11 |
| Mar 31, 2023 | 42.29 |
| Dec 31, 2022 | 35.22 |
| Sep 30, 2022 | 26.88 |
| Jun 30, 2022 | 34.57 |
| Mar 31, 2022 | 47.70 |
| Dec 31, 2021 | 55.35 |
| Sep 30, 2021 | 47.68 |
API Access
Tradeweb Markets EV to EBIT 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=ev-to-ebit&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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=ev-to-ebit&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();