Tradeweb Markets (TW) FCF Margin (2018 - 2026)

Tradeweb Markets (TW) posted quarterly FCF Margin of 16.77% for Q1 2026, up 754.0% year-over-year from 1.96% in Q1 2025, and down 74.34% on a QoQ basis from 65.34% in Q4 2025.

Tradeweb Markets (TW) FCF Margin (2018 - 2026) Analysis & Trends

Tradeweb Markets (TW) has reported FCF Margin for 9 consecutive years, with 16.77% the latest figure, recorded in Q1 2026.

  • In Q1 2026, FCF Margin rose 754.0% year-over-year to 16.77%; the TTM figure through Mar 2026 stood at 53.77% (up 672.0% YoY), while the FY2025 annual figure was 53.84%, up 461.0% from the prior year.
  • FCF Margin came in at 16.77% for Q1 2026 at Tradeweb Markets, down from 65.34% in the prior quarter.
  • The five-year high for FCF Margin was 82.16% in Q2 2025, with the low at 9.13% in Q1 2024.
  • Average FCF Margin over 5 years is 50.75%, with a median of 62.98% recorded in 2022.
  • Across the five-year window, FCF Margin sank 1974 bps in 2024 and jumped 1470 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 75.87% in 2022, then fell by 7 bps to 70.38% in 2023, then dropped by 28 bps to 50.64% in 2024, then gained by 29 bps to 65.34% in 2025, then sank by 74 bps to 16.77% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 16.77%, 65.34%, and 58.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -38.15%
2 Goldman Sachs 309.79 Bn -627.76 Bn - -188.27%
3 Schwab Charles 167.21 Bn 122.24 Bn - 111.11%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 190.16%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 2.52%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 16.77%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 28.16%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -791.16%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn -16.35%

Historic Data

Download Data
DateValue
Mar 31, 2026 16.77%
Dec 31, 2025 65.34%
Sep 30, 2025 58.22%
Jun 30, 2025 82.16%
Mar 31, 2025 9.23%
Dec 31, 2024 50.64%
Sep 30, 2024 67.50%
Jun 30, 2024 67.87%
Mar 31, 2024 9.13%
Dec 31, 2023 70.38%
Sep 30, 2023 61.25%
Jun 30, 2023 71.38%
Mar 31, 2023 18.53%
Dec 31, 2022 75.87%
Sep 30, 2022 63.93%
Jun 30, 2022 62.98%
Mar 31, 2022 11.62%
Dec 31, 2021 78.54%
Sep 30, 2021 62.22%
Jun 30, 2021 56.80%