Tradeweb Markets TW
NASDAQ TW
$108.38 +1.34 (+1.25%)
At close: Aug 24, 2026 · 4:00 PM EDT

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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Morgan Stanley 333.21 Bn 173.07 Bn - -16.70%
2 Goldman Sachs 311.14 Bn -665.21 Bn - 27.55%
3 Schwab Charles 196.95 Bn 123.36 Bn - 58.19%
4 Robinhood Markets 93.19 Bn 75.81 Bn 1.20 Bn 54.13%
5 Interactive Brokers 41.71 Bn -22.59 Bn - 326.90%
6 LPL Financial Holdings 29.06 Bn 26.36 Bn - 3.90%
7 Tradeweb Markets 23.03 Bn 20.97 Bn - 67.13%
8 Circle Internet 21.70 Bn 19.97 Bn 288.85 Mn 70.91%
9 Futu Holdings 16.14 Bn 214.18 Mn 733.58 Mn -
10 UP Fintech Holding 13.78 Bn 13.78 Bn - -

Historic Data

Download Data
DateValue
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%