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| 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% |