Tradeweb Markets (TW) Operating Income (2018 - 2026)
Tradeweb Markets' Operating Income came in at $253.43 million for Q3 2026, up 20.5% from $210.37 million a year earlier and up 3.3% from the prior quarter.
Powered by 
Analysis
Tradeweb Markets (TW) Operating Income (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Tradeweb Markets reported Operating Income of $1.01 billion, up 25.4% year-over-year; for FY2025, it was $835.34 million, up 23.2% from FY2024.
- Operating Income has increased in each of the last six 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 $91.18 million (Q4 2021) to $287.25 million (Q1 2026).
- Year-over-year, Operating Income has increased for 28 consecutive quarters, with growth averaging 26.4% 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 $245.26 million (Q2 2026), $287.25 million (Q1 2026) and $221.01 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 1.14 Bn |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | - |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 1.41 Bn |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | - |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 732.00 Mn |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | - |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 534.30 Mn |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | - |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | - |
| 10 | Tradeweb Markets | 27.14 Bn | 18.94 Bn | - | 253.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 253.43 Mn |
| 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 |
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();