Tradeweb Markets (TW) Income from Non-Controlling Interests (2019 - 2026)
Tradeweb Markets (TW) reported Income from Non-Controlling Interests of $25.37 million for Q2 2026, up 16.7% from $21.74 million a year earlier but down 9.0% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Income from Non-Controlling Interests (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tradeweb Markets' Income from Non-Controlling Interests came in at $120.3 million, up 58.9% year-over-year; for FY2025, it came in at $108.71 million, up 58.8% from FY2024.
- Income from Non-Controlling Interests has increased for four consecutive years, with a five-year compound annual growth rate of 15.8% (FY2020 to FY2025).
- By year, Income from Non-Controlling Interests came in at $68.46 million in FY2024 (+25.3%), $54.64 million in FY2023 (+8.7%), $50.28 million in FY2022 (+8.6%) and $46.28 million in FY2021 (-11.2%).
- Five-year quarterly Income from Non-Controlling Interests spans a low of $10.06 million in Q4 2022 and a high of $42.13 million in Q4 2025.
- Year over year, Income from Non-Controlling Interests has now increased in each of the last 12 quarters, with growth averaging 42.2% over the last eight quarters.
- The high point for year-over-year Income from Non-Controlling Interests in five years was Q4 2025 (growth of 137.6%); the low point was Q4 2022 (a decline of 9.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $27.88 million (Q1 2026), $42.13 million (Q4 2025) and $24.91 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inc. Minority (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 31.00 Mn |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | - |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | - |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | - |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 1.03 Bn |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | - |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | - |
| 10 | Tradeweb Markets | 23.93 Bn | 16.65 Bn | - | 25.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.37 Mn |
| Mar 31, 2026 | 27.88 Mn |
| Dec 31, 2025 | 42.13 Mn |
| Sep 30, 2025 | 24.91 Mn |
| Jun 30, 2025 | 21.74 Mn |
| Mar 31, 2025 | 19.92 Mn |
| Dec 31, 2024 | 17.73 Mn |
| Sep 30, 2024 | 16.31 Mn |
| Jun 30, 2024 | 17.18 Mn |
| Mar 31, 2024 | 17.24 Mn |
| Dec 31, 2023 | 14.43 Mn |
| Sep 30, 2023 | 13.02 Mn |
| Jun 30, 2023 | 12.86 Mn |
| Mar 31, 2023 | 14.34 Mn |
| Dec 31, 2022 | 10.06 Mn |
| Sep 30, 2022 | 12.48 Mn |
| Jun 30, 2022 | 13.26 Mn |
| Mar 31, 2022 | 14.48 Mn |
| Dec 31, 2021 | 11.12 Mn |
| Sep 30, 2021 | 10.54 Mn |
API Access
Tradeweb Markets Income from Non-Controlling Interests 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=income-from-non-controlling-interests&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-from-non-controlling-interests", "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=income-from-non-controlling-interests&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();