Tradeweb Markets (TW) Minority Interest (2019 - 2026)
Tradeweb Markets' Minority Interest was $703.62 million in Q2 2026, up 12.0% from $628.51 million a year earlier and up 2.1% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Minority Interest (2019 - 2026) Analysis & Trends
At the end of FY2025, Minority Interest at Tradeweb Markets came in at $681.48 million, up 13.8% from FY2024.
- Minority Interest shows a five-year compound annual growth rate of -1.0% (FY2020 to FY2025).
- In earlier years, Minority Interest was $598.69 million in FY2024 (+7.4%), $557.65 million in FY2023 (-5.9%), $592.53 million in FY2022 (-10.7%) and $663.35 million in FY2021 (-7.3%).
- The Q2 2026 figure marks the highest quarterly Minority Interest since Q4 2020.
- Compared with a year earlier, Minority Interest has increased for nine straight quarters, with growth averaging 10.2% over the last eight quarters.
- The best year-over-year quarter for Minority Interest over five years was Q4 2025 (growth of 13.8%); the worst was Q3 2021 (a decline of 20.0%).
- Per Business Quant data, TW's Minority Interest in the three quarters before Q2 2026 was $689.38 million (Q1 2026), $681.48 million (Q4 2025) and $654.27 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 108.95 Bn | 97.29 Bn | - |
| 2 | Bank of New York Mellon | 102.82 Bn | 36.44 Bn | - |
| 3 | Intercontinental Exchange | 98.21 Bn | 91.10 Bn | - |
| 4 | Robinhood Markets | 74.92 Bn | 54.46 Bn | - |
| 5 | Nasdaq | 60.69 Bn | 58.13 Bn | 1.48 Bn |
| 6 | State Street | 46.98 Bn | 46.98 Bn | - |
| 7 | Cboe Global Markets | 36.89 Bn | 27.37 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.15 Bn | 11.46 Bn | - |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - |
| 10 | Tradeweb Markets | 27.24 Bn | 19.05 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 712.18 Mn |
| Jun 30, 2026 | 703.62 Mn |
| Mar 31, 2026 | 689.38 Mn |
| Dec 31, 2025 | 681.48 Mn |
| Sep 30, 2025 | 654.27 Mn |
| Jun 30, 2025 | 628.51 Mn |
| Mar 31, 2025 | 608.29 Mn |
| Dec 31, 2024 | 598.69 Mn |
| Sep 30, 2024 | 585.74 Mn |
| Jun 30, 2024 | 576.60 Mn |
| Mar 31, 2024 | 567.23 Mn |
| Dec 31, 2023 | 557.65 Mn |
| Sep 30, 2023 | 545.93 Mn |
| Jun 30, 2023 | 534.91 Mn |
| Mar 31, 2023 | 597.97 Mn |
| Dec 31, 2022 | 592.53 Mn |
| Sep 30, 2022 | 584.68 Mn |
| Jun 30, 2022 | 655.87 Mn |
| Mar 31, 2022 | 645.12 Mn |
| Dec 31, 2021 | 663.35 Mn |
API Access
Tradeweb Markets Minority Interest 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=minority-interest&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "minority-interest", "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=minority-interest&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();