Growth Metrics

Tradeweb Markets (TW) Net Margin (2018 - 2025)

Tradeweb Markets has reported Net Margin over the past 8 years, most recently at 70.44% for Q4 2025.

  • Quarterly results put Net Margin at 70.44% for Q4 2025, up 3592.0% from a year ago — trailing twelve months through Dec 2025 was 44.9% (up 1187.0% YoY), and the annual figure for FY2025 was 44.9%, up 1187.0%.
  • Net Margin for Q4 2025 was 70.44% at Tradeweb Markets, up from 41.4% in the prior quarter.
  • Over the last five years, Net Margin for TW hit a ceiling of 70.44% in Q4 2025 and a floor of 217.91% in Q4 2021.
  • Median Net Margin over the past 5 years was 32.05% (2022), compared with a mean of 21.01%.
  • Biggest five-year swings in Net Margin: surged 25169bps in 2022 and later plummeted -575bps in 2023.
  • Tradeweb Markets' Net Margin stood at 217.91% in 2021, then surged by 116bps to 33.78% in 2022, then dropped by -17bps to 28.04% in 2023, then grew by 23bps to 34.52% in 2024, then surged by 104bps to 70.44% in 2025.
  • The last three reported values for Net Margin were 70.44% (Q4 2025), 41.4% (Q3 2025), and 34.22% (Q2 2025) per Business Quant data.