Tradeweb Markets (TW) Interest Coverage Ratio (2023 - 2026)
Tradeweb Markets (TW) posted quarterly Interest Coverage Ratio of 1.19 for Q2 2026, down 79.01% year-over-year from 5.68 in Q2 2025, and down 18.17% quarter-over-quarter from 1.46 in Q1 2026.
Analysis
Tradeweb Markets (TW) Interest Coverage Ratio (2023 - 2026) Analysis & Trends
Tradeweb Markets' Interest Coverage Ratio history runs 9 years deep, the most recent figure standing at 1.19 for Q2 2026.
- In Q2 2026, Interest Coverage Ratio fell 79.01% year-over-year to 1.19; the TTM figure through Jun 2026 stood at 4.68 (down 78.07% YoY), while the FY2025 annual figure was 4.28, down 26.83% from the prior year.
- Interest Coverage Ratio for Q2 2026 stood at 1.19, down from 1.46 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 548.42 in Q4 2025, with the low at 166.55 in Q4 2024.
- The 5-year median for Interest Coverage Ratio is 4.95 (2024), against an average of 25.98.
- The sharpest annual moves came in 2024 and 2025: Interest Coverage Ratio plunged 1413.34% in 2024, then jumped 429.27% in 2025.
- Tradeweb Markets' Interest Coverage Ratio stood at 16.44 in 2022, then retreated by 22.86% to 12.68 in 2023, then plunged by 1413.34% to 166.55 in 2024, then surged by 429.27% to 548.42 in 2025, then tumbled by 99.78% to 1.19 in 2026.
- Business Quant data shows TW's Interest Coverage Ratio at 1.19 in Q2 2026, 1.46 in Q1 2026, and 548.42 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 329.44 Bn | 169.31 Bn | - | 1.56 |
| 2 | Goldman Sachs | 300.90 Bn | -675.44 Bn | - | 1.47 |
| 3 | Schwab Charles | 188.46 Bn | 114.86 Bn | - | 5.65 |
| 4 | Robinhood Markets | 95.87 Bn | 78.49 Bn | 1.20 Bn | 4.61 |
| 5 | Interactive Brokers | 39.89 Bn | -24.41 Bn | - | 2.23 |
| 6 | LPL Financial Holdings | 28.30 Bn | 25.60 Bn | - | 6.08 |
| 7 | Circle Internet | 22.04 Bn | 20.31 Bn | 288.85 Mn | - |
| 8 | Tradeweb Markets | 22.00 Bn | 19.94 Bn | - | 485.67 |
| 9 | Futu Holdings | 16.48 Bn | -19,683,684.71 Bn | 792.50 Mn | - |
| 10 | UP Fintech Holding | 12.74 Bn | 12.74 Bn | - | -2.64 |
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 |