Tradeweb Markets (TW) Interest Coverage Ratio (2023 - 2026)
Tradeweb Markets' quarterly Interest Coverage Ratio came in at 460.34 in Q1 2026, up 32.4% year-on-year from 347.7 in Q1 2025, and down 16.06% quarter-over-quarter from 548.42 in Q4 2025.
Tradeweb Markets has reported Interest Coverage Ratio for 4 years, with the latest figure at 460.34 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio rose 32.4% year-over-year to 460.34; the trailing twelve-month figure through Mar 2026 stood at 464.35 (up 104.6% YoY), and the FY2025 full-year result was 430.36, up 171.6% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 460.34, down from 548.42 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 548.42 in Q4 2025, with the low at 97.6 in Q1 2024.
- Average Interest Coverage Ratio over 4 years is 312.71, with a median of 299.8 recorded in 2024.
- Year-over-year, Interest Coverage Ratio slumped 64.25% in 2024 and jumped 265.78% in 2025.
- Tracing TW's Interest Coverage Ratio over 4 years: stood at 212.34 in 2023, then jumped by 54.96% to 329.04 in 2024, then soared by 66.67% to 548.42 in 2025, then slipped by 16.06% to 460.34 in 2026.
- The last three Interest Coverage Ratio figures came in at 460.34 (Q1 2026), 548.42 (Q4 2025), and 403.01 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 1.56 |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 1.38 |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 4.90 |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | - |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 2.23 |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | - |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 5.83 |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -15.74 |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 460.34 |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -40.07 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |