Tradeweb Markets (TW) Interest Coverage Ratio (2023 - 2026)
Tradeweb Markets' Interest Coverage Ratio came in at 485.67 for Q2 2026, up 4.3% from 465.86 a year earlier and up 5.5% from the prior quarter.
Powered by 
Analysis
Tradeweb Markets (TW) Interest Coverage Ratio (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tradeweb Markets reported Interest Coverage Ratio of 469.28, up 89.4% year-over-year; for FY2025, it was 430.36, up 171.6% from FY2024.
- Going back by year, Interest Coverage Ratio was 158.45 in FY2024 (-35.8%), 246.83 in FY2023 (+8.0%) and 228.57 in FY2022.
- The five-year range for quarterly Interest Coverage Ratio is 97.60 (Q1 2024) to 548.42 (Q4 2025).
- Year-over-year, Interest Coverage Ratio has increased for seven consecutive quarters, with growth averaging 84.6% over the last eight quarters.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q3 2025 (growth of 265.8%), and the weakest in Q1 2024 (a decline of 64.2%).
- Business Quant data shows TW's Interest Coverage Ratio at 460.34 (Q1 2026), 548.42 (Q4 2025) and 403.01 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 5.46 |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 1.50 |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 25.39 |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 6.79 |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 8.28 |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | 1.70 |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 2.23 |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | 1.70 |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 36.06 |
| 10 | Tradeweb Markets | 23.59 Bn | 16.31 Bn | - | 485.67 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 485.67 |
| Mar 31, 2026 | 460.34 |
| Dec 31, 2025 | 548.42 |
| Sep 30, 2025 | 403.01 |
| Jun 30, 2025 | 465.86 |
| Mar 31, 2025 | 347.70 |
| Dec 31, 2024 | 329.04 |
| Sep 30, 2024 | 110.18 |
| Jun 30, 2024 | 299.80 |
| Mar 31, 2024 | 97.60 |
| Dec 31, 2023 | 212.34 |
| Sep 30, 2023 | 268.83 |
| Jun 30, 2023 | 249.11 |
| Mar 31, 2023 | 272.98 |
API Access
Tradeweb Markets Interest Coverage Ratio 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=interest-coverage-ratio&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();