Tradeweb Markets (TW) FCF Margin (2018 - 2026)
Tradeweb Markets (TW) posted quarterly FCF Margin of 67.13% for Q2 2026, down 941.0% year-over-year from 7.98% in Q2 2025, and up 380.44% quarter-over-quarter from 13.97% in Q1 2026.
Tradeweb Markets (TW) FCF Margin (2018 - 2026) Analysis & Trends
Tradeweb Markets' FCF Margin history runs 9 years deep, the most recent figure standing at 67.13% for Q2 2026.
- In Q2 2026, FCF Margin fell 941.0% year-over-year to 67.13%; the TTM figure through Jun 2026 stood at 51.08% (changed 0.0% YoY), while the FY2025 annual figure was 53.84%, up 461.0% from the prior year.
- FCF Margin for Q2 2026 stood at 67.13%, up from 13.97% in the prior quarter.
- The five-year high for FCF Margin was 76.53% in Q2 2025, with the low at 6.66% in Q1 2024.
- The 5-year median for FCF Margin is 62.91% (2023), against an average of 50.19%.
- The sharpest annual moves came in 2024 and 2025: FCF Margin sank 1187 bps in 2024, then surged 890 bps in 2025.
- Tradeweb Markets' FCF Margin stood at 67.77% in 2022, then retreated by 7 bps to 63.14% in 2023, then declined by 8 bps to 58.12% in 2024, then climbed by 12 bps to 65.34% in 2025, then climbed by 3 bps to 67.13% in 2026.
- Business Quant data shows TW's FCF Margin at 67.13% in Q2 2026, 13.97% in Q1 2026, and 65.34% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | -16.70% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 27.55% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 111.11% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 54.13% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -603.50% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 214.80% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 3.90% |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 67.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.13% |
| Mar 31, 2026 | 16.77% |
| Dec 31, 2025 | 62.47% |
| Sep 30, 2025 | 66.70% |
| Jun 30, 2025 | 78.57% |
| Mar 31, 2025 | 11.62% |
| Dec 31, 2024 | 59.62% |
| Sep 30, 2024 | 62.25% |
| Jun 30, 2024 | 65.14% |
| Mar 31, 2024 | 9.13% |
| Dec 31, 2023 | 74.33% |
| Sep 30, 2023 | 59.83% |
| Jun 30, 2023 | 68.18% |
| Mar 31, 2023 | 18.53% |
| Dec 31, 2022 | 69.19% |
| Sep 30, 2022 | 70.29% |
| Jun 30, 2022 | 53.78% |
| Mar 31, 2022 | 14.52% |
| Dec 31, 2021 | 69.22% |
| Sep 30, 2021 | 71.95% |