Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Tradeweb Markets (TW) Operating Margin (2018 - 2025)

Tradeweb Markets has reported Operating Margin over the past 8 years, most recently at 42.41% for Q4 2025.

  • Quarterly results put Operating Margin at 42.41% for Q4 2025, up 171.0% from a year ago — trailing twelve months through Dec 2025 was 40.7% (up 142.0% YoY), and the annual figure for FY2025 was 40.7%, up 142.0%.
  • Operating Margin for Q4 2025 was 42.41% at Tradeweb Markets, up from 41.36% in the prior quarter.
  • Over the last five years, Operating Margin for TW hit a ceiling of 42.41% in Q4 2025 and a floor of 31.24% in Q4 2022.
  • Median Operating Margin over the past 5 years was 37.34% (2023), compared with a mean of 37.15%.
  • Biggest five-year swings in Operating Margin: surged 704bps in 2023 and later tumbled -250bps in 2024.
  • Tradeweb Markets' Operating Margin stood at 32.93% in 2021, then dropped by -5bps to 31.24% in 2022, then rose by 23bps to 38.28% in 2023, then increased by 6bps to 40.69% in 2024, then rose by 4bps to 42.41% in 2025.
  • The last three reported values for Operating Margin were 42.41% (Q4 2025), 41.36% (Q3 2025), and 38.96% (Q2 2025) per Business Quant data.