Tradeweb Markets (TW) FCF Margin (2018 - 2026)
Tradeweb Markets (TW) recorded quarterly FCF Margin of 16.77% in Q1 2026, down 74.34% quarter-over-quarter from 65.34% in Q4 2025, and up 754.0% on a YoY basis from 1.96% in Q1 2025.
Tradeweb Markets (TW) FCF Margin (2018 - 2026) Analysis & Trends
Tradeweb Markets' FCF Margin history runs 9 years deep, the most recent figure standing at 16.77% for 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 was 16.77% for Q1 2026 at Tradeweb Markets, down from 65.34% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 82.16% in Q2 2025 to a low of 9.13% in Q1 2024.
- Historically, FCF Margin has averaged 50.75% across 5 years, with a median of 62.98% in 2022.
- The sharpest annual moves came in 2024 and 2025: FCF Margin plunged 1974 bps in 2024, then jumped 1470 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 75.87% in 2022, then slipped by 7 bps to 70.38% in 2023, then retreated by 28 bps to 50.64% in 2024, then grew by 29 bps to 65.34% in 2025, then plunged by 74 bps to 16.77% in 2026.
- The last three FCF Margin figures came in at 16.77% (Q1 2026), 65.34% (Q4 2025), and 58.22% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | -38.15% |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | -188.27% |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 111.11% |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 190.16% |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 214.80% |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 2.52% |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 16.77% |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | -791.16% |
| 10 | Circle Internet | 19.67 Bn | 18.16 Bn | 35.01 Mn | 28.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |