Tradeweb Markets (TW) Operating Income (2018 - 2026)

Tradeweb Markets (TW) recorded quarterly Operating Income of $287.3 million in Q1 2026, up 29.97% quarter-over-quarter from $221.0 million in Q4 2025, and up 40.74% on a YoY basis from $204.1 million in Q1 2025.

Tradeweb Markets (TW) Operating Income (2018 - 2026) Analysis & Trends

Tradeweb Markets' Operating Income history runs 9 years deep, the most recent figure standing at $287.3 million for Q1 2026.

  • In Q1 2026, Operating Income rose 40.74% year-over-year to $287.3 million; the TTM figure through Mar 2026 stood at $918.5 million (up 28.56% YoY), while the FY2025 annual figure was $835.3 million, up 23.2% from the prior year.
  • Operating Income was $287.3 million for Q1 2026 at Tradeweb Markets, up from $221.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $287.3 million in Q1 2026 to a low of $91.6 million in Q4 2022.
  • Historically, Operating Income has averaged $159.9 million across 5 years, with a median of $159.3 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Income rose 0.41% in 2022, then soared 54.7% in 2023.
  • A 5-year view of Operating Income shows it stood at $91.6 million in 2022, then soared by 54.7% to $141.6 million in 2023, then soared by 33.12% to $188.5 million in 2024, then increased by 17.22% to $221.0 million in 2025, then advanced 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 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - -
3 Goldman Sachs 333.85 Bn -603.70 Bn - -
4 Schwab Charles 160.31 Bn 115.33 Bn - -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 304.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - -
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 287.25 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -233.52 Mn
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 45.00 Mn

Historic Data

Download Data
DateValue
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