Tradeweb Markets (TW) Non-Current Deferred Tax Liability (2018 - 2026)
Tradeweb Markets' Non-Current Deferred Tax Liability came in at $53.67 million for Q2 2026, up 25.2% from $42.86 million a year earlier and up 5.3% from the prior quarter.
Powered by 
Analysis
Tradeweb Markets (TW) Non-Current Deferred Tax Liability (2018 - 2026) Analysis & Trends
At the end of FY2025, Tradeweb Markets' Non-Current Deferred Tax Liability was $50.01 million, up 16.6% from FY2024.
- Non-Current Deferred Tax Liability carries a five-year compound annual growth rate of 20.8% (FY2020 to FY2025).
- Going back by year, Non-Current Deferred Tax Liability was $42.89 million in FY2024 (+106.5%), $20.77 million in FY2023 (-2.3%), $21.25 million in FY2022 (+1.1%) and $21.01 million in FY2021 (+8.2%).
- The Q2 2026 figure represents the highest quarterly Non-Current Deferred Tax Liability in data going back to Q4 2018.
- Year-over-year, Non-Current Deferred Tax Liability has increased for eight consecutive quarters, with growth averaging 69.3% over the last eight quarters.
- The fastest year-over-year change in Non-Current Deferred Tax Liability over five years came in Q3 2024 (growth of 138.9%), and the weakest in Q3 2021 (a decline of 14.6%).
- Business Quant data shows TW's Non-Current Deferred Tax Liability at $50.96 million (Q1 2026), $50.01 million (Q4 2025) and $44.07 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn |
| 10 | Tradeweb Markets | 23.61 Bn | 16.33 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 53.67 Mn |
| Mar 31, 2026 | 50.96 Mn |
| Dec 31, 2025 | 50.01 Mn |
| Sep 30, 2025 | 44.07 Mn |
| Jun 30, 2025 | 42.86 Mn |
| Mar 31, 2025 | 42.74 Mn |
| Dec 31, 2024 | 42.89 Mn |
| Sep 30, 2024 | 43.02 Mn |
| Jun 30, 2024 | 18.75 Mn |
| Mar 31, 2024 | 19.71 Mn |
| Dec 31, 2023 | 20.77 Mn |
| Sep 30, 2023 | 18.00 Mn |
| Jun 30, 2023 | 18.91 Mn |
| Mar 31, 2023 | 20.20 Mn |
| Dec 31, 2022 | 21.25 Mn |
| Sep 30, 2022 | 19.88 Mn |
| Jun 30, 2022 | 20.27 Mn |
| Mar 31, 2022 | 20.66 Mn |
| Dec 31, 2021 | 21.01 Mn |
| Sep 30, 2021 | 17.57 Mn |
API Access
Tradeweb Markets Non-Current Deferred Tax Liability 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=non-current-deferred-tax-liability&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "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=non-current-deferred-tax-liability&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();