Tradeweb Markets (TW) Operating Income (2018 - 2026)
Tradeweb Markets' Operating Income came in at $245.26 million for Q2 2026, up 22.7% from $199.85 million a year earlier but down 14.6% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Operating Income (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tradeweb Markets reported Operating Income of $963.9 million, up 28.2% year-over-year; for FY2025, it was $835.34 million, up 23.2% from FY2024.
- Operating Income has increased in each of the last seven years, with a five-year compound annual growth rate of 26.0% (FY2020 to FY2025).
- Going back by year, Operating Income was $678.03 million in FY2024 (+34.2%), $505.27 million in FY2023 (+22.5%), $412.57 million in FY2022 (+15.0%) and $358.83 million in FY2021 (+36.3%).
- The five-year range for quarterly Operating Income is $85.53 million (Q3 2021) to $287.25 million (Q1 2026).
- Year-over-year, Operating Income has increased for 26 consecutive quarters, with growth averaging 27.3% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Income ranged from 0.4% (Q4 2022) to 54.7% (Q4 2023).
- Business Quant data shows TW's Operating Income at $287.25 million (Q1 2026), $221.01 million (Q4 2025) and $210.37 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | - |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | - |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 1.11 Bn |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 1.39 Bn |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 712.00 Mn |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | - |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | - |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | - |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 476.00 Mn |
| 10 | Tradeweb Markets | 23.59 Bn | 16.31 Bn | - | 245.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 245.26 Mn |
| Mar 31, 2026 | 287.25 Mn |
| Dec 31, 2025 | 221.01 Mn |
| Sep 30, 2025 | 210.37 Mn |
| Jun 30, 2025 | 199.85 Mn |
| Mar 31, 2025 | 204.10 Mn |
| Dec 31, 2024 | 188.54 Mn |
| Sep 30, 2024 | 159.32 Mn |
| Jun 30, 2024 | 162.49 Mn |
| Mar 31, 2024 | 167.68 Mn |
| Dec 31, 2023 | 141.63 Mn |
| Sep 30, 2023 | 124.74 Mn |
| Jun 30, 2023 | 116.34 Mn |
| Mar 31, 2023 | 122.57 Mn |
| Dec 31, 2022 | 91.55 Mn |
| Sep 30, 2022 | 102.81 Mn |
| Jun 30, 2022 | 106.61 Mn |
| Mar 31, 2022 | 111.60 Mn |
| Dec 31, 2021 | 91.18 Mn |
| Sep 30, 2021 | 85.53 Mn |
API Access
Tradeweb Markets Operating Income 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=operating-income&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();