Tradeweb Markets (TW) Long-Term Deferred Tax (2019 - 2026)
Tradeweb Markets (TW) posted Long-Term Deferred Tax of $570.16 million for Q2 2026, down 12.5% from $651.84 million a year earlier and down 2.2% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Long-Term Deferred Tax (2019 - 2026) Analysis & Trends
At the end of FY2025, Tradeweb Markets' Long-Term Deferred Tax came in at $568.83 million, down 13.7% from FY2024.
- Annual Long-Term Deferred Tax has declined for three consecutive years, with a five-year compound annual growth rate of -0.4% (FY2020 to FY2025).
- In prior years, Tradeweb Markets' Long-Term Deferred Tax was $659.2 million in FY2024 (-3.7%), $684.25 million in FY2023 (-0.8%), $689.44 million in FY2022 (+11.4%) and $618.97 million in FY2021 (+6.8%).
- Quarterly Long-Term Deferred Tax has run from a low of $568.83 million in Q4 2025 to a high of $708.95 million in Q2 2023 over five years.
- On a year-over-year basis, Long-Term Deferred Tax has declined in each of the last three quarters, with an average decline of 7.3% over the last eight quarters.
- The strongest year-over-year quarter for Long-Term Deferred Tax in the past five years was Q3 2021, with growth of 24.3%; the weakest was Q4 2025, with a decline of 13.7%.
- According to Business Quant data, Long-Term Deferred Tax for the three prior quarters was $582.98 million (Q1 2026), $568.83 million (Q4 2025) and $641.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.43 Bn | 98.52 Bn | - |
| 2 | Intercontinental Exchange | 92.22 Bn | 85.96 Bn | - |
| 3 | Robinhood Markets | 86.78 Bn | 67.81 Bn | - |
| 4 | Nasdaq | 58.09 Bn | 55.52 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 36.85 Bn | 13.96 Bn | - |
| 6 | Cboe Global Markets | 34.46 Bn | 26.11 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 25.89 Bn | 17.90 Bn | - |
| 8 | LPL Financial Holdings | 25.45 Bn | 20.77 Bn | - |
| 9 | Circle Internet | 21.46 Bn | 15.33 Bn | 288.85 Mn |
| 10 | Xp | 15.46 Bn | -6.37 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 570.16 Mn |
| Mar 31, 2026 | 582.98 Mn |
| Dec 31, 2025 | 568.83 Mn |
| Sep 30, 2025 | 641.40 Mn |
| Jun 30, 2025 | 651.84 Mn |
| Mar 31, 2025 | 660.72 Mn |
| Dec 31, 2024 | 659.20 Mn |
| Sep 30, 2024 | 634.67 Mn |
| Jun 30, 2024 | 684.20 Mn |
| Mar 31, 2024 | 693.24 Mn |
| Dec 31, 2023 | 684.25 Mn |
| Sep 30, 2023 | 693.17 Mn |
| Jun 30, 2023 | 708.95 Mn |
| Mar 31, 2023 | 679.46 Mn |
| Dec 31, 2022 | 689.44 Mn |
| Sep 30, 2022 | 676.71 Mn |
| Jun 30, 2022 | 638.57 Mn |
| Mar 31, 2022 | 651.09 Mn |
| Dec 31, 2021 | 618.97 Mn |
| Sep 30, 2021 | 641.71 Mn |
API Access
Tradeweb Markets Long-Term Deferred Tax 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=long-term-deferred-tax&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-deferred-tax", "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=long-term-deferred-tax&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();