Tradeweb Markets (TW) Goodwill & Intangibles (2018 - 2026)
Tradeweb Markets (TW) reported Goodwill & Intangibles of $4.24 billion for Q2 2026, down 2.8% from $4.36 billion a year earlier and down 0.7% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Goodwill & Intangibles (2018 - 2026) Analysis & Trends
At the end of FY2025, Tradeweb Markets posted Goodwill & Intangibles of $4.3 billion, down 3.0% from FY2024.
- Goodwill & Intangibles has a five-year compound annual growth rate of 2.1% (FY2020 to FY2025).
- By year, Goodwill & Intangibles came in at $4.43 billion in FY2024 (+16.0%), $3.82 billion in FY2023 (-0.9%), $3.85 billion in FY2022 (-2.7%) and $3.96 billion in FY2021 (+2.2%).
- The Q2 2026 figure ranks as the lowest quarterly Goodwill & Intangibles since Q2 2024.
- Year over year, Goodwill & Intangibles has now declined in each of the last four quarters, with growth averaging 5.8% over the last eight quarters.
- The high point for year-over-year Goodwill & Intangibles in five years was Q3 2024 (growth of 16.1%); the low point was Q3 2025 (a decline of 3.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $4.27 billion (Q1 2026), $4.3 billion (Q4 2025) and $4.33 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.29 Bn | 98.39 Bn | - |
| 2 | Intercontinental Exchange | 91.73 Bn | 85.47 Bn | - |
| 3 | Robinhood Markets | 85.57 Bn | 66.60 Bn | - |
| 4 | Nasdaq | 57.08 Bn | 54.52 Bn | 1.48 Bn |
| 5 | Interactive Brokers | 36.00 Bn | 13.12 Bn | - |
| 6 | Cboe Global Markets | 35.61 Bn | 27.26 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 26.02 Bn | 18.03 Bn | - |
| 8 | LPL Financial Holdings | 25.19 Bn | 20.51 Bn | - |
| 9 | Circle Internet | 21.29 Bn | 15.17 Bn | 288.85 Mn |
| 10 | Xp | 16.10 Bn | -5.72 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.24 Bn |
| Mar 31, 2026 | 4.27 Bn |
| Dec 31, 2025 | 4.30 Bn |
| Sep 30, 2025 | 4.33 Bn |
| Jun 30, 2025 | 4.36 Bn |
| Mar 31, 2025 | 4.40 Bn |
| Dec 31, 2024 | 4.43 Bn |
| Sep 30, 2024 | 4.47 Bn |
| Jun 30, 2024 | 3.86 Bn |
| Mar 31, 2024 | 3.89 Bn |
| Dec 31, 2023 | 3.82 Bn |
| Sep 30, 2023 | 3.85 Bn |
| Jun 30, 2023 | 3.80 Bn |
| Mar 31, 2023 | 3.83 Bn |
| Dec 31, 2022 | 3.85 Bn |
| Sep 30, 2022 | 3.88 Bn |
| Jun 30, 2022 | 3.91 Bn |
| Mar 31, 2022 | 3.93 Bn |
| Dec 31, 2021 | 3.96 Bn |
| Sep 30, 2021 | 3.99 Bn |
API Access
Tradeweb Markets Goodwill & Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=goodwill-and-intangibles&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill-and-intangibles", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=goodwill-and-intangibles&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();