Growth Metrics

Tradeweb Markets (TW) Non Operating Income (2023 - 2026)

Tradeweb Markets' quarterly Non Operating Income came in at -$1.2 million in Q1 2026, down 127.39% year-on-year from $4.2 million in Q1 2025, and down 100.56% quarter-over-quarter from $207.1 million in Q4 2025.

Tradeweb Markets has reported Non Operating Income for 4 years, with the latest figure at -$1.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Non Operating Income fell 127.39% year-over-year to -$1.2 million; the trailing twelve-month figure through Mar 2026 stood at $258.0 million (up 8204.06% YoY), and the FY2025 full-year result was $263.4 million, up 23743.09% from the prior year.
  • Non Operating Income for Q1 2026 stood at -$1.2 million, down from $207.1 million in the prior quarter.
  • The five-year high for Non Operating Income was $207.1 million in Q4 2025, with the low at -$11.1 million in Q4 2023.
  • Average Non Operating Income over 4 years is $22.5 million, with a median of $10000.0 recorded in 2024.
  • Year-over-year, Non Operating Income soared 394100.0% in 2025 and slumped 127.39% in 2026.
  • Tracing TW's Non Operating Income over 4 years: stood at -$11.1 million in 2023, then jumped by 89.87% to -$1.1 million in 2024, then jumped by 18523.31% to $207.1 million in 2025, then tumbled by 100.56% to -$1.2 million in 2026.
  • The last three Non Operating Income figures came in at -$1.2 million (Q1 2026), $207.1 million (Q4 2025), and $39.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non Op. Inc. (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - -
2 Goldman Sachs 318.59 Bn -618.96 Bn - -
3 Schwab Charles 154.74 Bn 109.76 Bn - 222.00 Mn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn -
5 Interactive Brokers 39.54 Bn 50.13 Bn - 66.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 11.68 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 64.38 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -20.56 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - -1.16 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn 68.29 Mn

Historic Data

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DateValue
Mar 31, 2026 -1.16 Mn
Dec 31, 2025 207.08 Mn
Sep 30, 2025 39.42 Mn
Jun 30, 2025 12.67 Mn
Mar 31, 2025 4.22 Mn
Dec 31, 2024 -1.12 Mn
Sep 30, 2024 10,000.00
Dec 31, 2023 -11.10 Mn
Sep 30, 2023 -1.91 Mn
Jun 30, 2023 -456,000.00
Mar 31, 2023 341,000.00