Tradeweb Markets (TW) Operating Income (2018 - 2026)
Tradeweb Markets' quarterly Operating Income came in at $287.3 million in Q1 2026, up 40.74% year-on-year from $204.1 million in Q1 2025, and up 29.97% quarter-over-quarter from $221.0 million in Q4 2025.
Tradeweb Markets has reported Operating Income for 9 years, with the latest figure at $287.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income rose 40.74% year-over-year to $287.3 million; the trailing twelve-month figure through Mar 2026 stood at $918.5 million (up 28.56% YoY), and the FY2025 full-year result was $835.3 million, up 23.2% from the prior year.
- Operating Income for Q1 2026 stood at $287.3 million, up from $221.0 million in the prior quarter.
- The five-year high for Operating Income was $287.3 million in Q1 2026, with the low at $91.6 million in Q4 2022.
- Average Operating Income over 5 years is $159.9 million, with a median of $159.3 million recorded in 2024.
- Year-over-year, Operating Income advanced 0.41% in 2022 and surged 54.7% in 2023.
- Tracing TW's Operating Income over 5 years: stood at $91.6 million in 2022, then jumped by 54.7% to $141.6 million in 2023, then jumped by 33.12% to $188.5 million in 2024, then rose by 17.22% to $221.0 million in 2025, then climbed by 29.97% to $287.3 million in 2026.
- The last three Operating Income figures came in at $287.3 million (Q1 2026), $221.0 million (Q4 2025), and $210.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | 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 | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 304.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 45.00 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -233.52 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 287.25 Mn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -370.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 83.79 Mn |
| Mar 31, 2021 | 98.33 Mn |
| Dec 31, 2020 | 71.58 Mn |
| Sep 30, 2020 | 58.52 Mn |
| Jun 30, 2020 | 55.64 Mn |
| Mar 31, 2020 | 77.62 Mn |
| Dec 31, 2019 | 54.33 Mn |
| Sep 30, 2019 | 58.26 Mn |
| Jun 30, 2019 | 30.96 Mn |
| Mar 31, 2019 | 46.28 Mn |
| Sep 30, 2018 | 52.82 Mn |
| Jun 30, 2018 | 40.16 Mn |
| Mar 31, 2018 | 47.36 Mn |