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

Tradeweb Markets (TW) has reported Operating Margin for 9 consecutive years, with 46.5% the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Margin rose 645.0% year-over-year to 46.5%; the TTM figure through Mar 2026 stood at 42.51% (up 340.0% YoY), while the FY2025 annual figure was 40.7%, up 142.0% from the prior year.
• Operating Margin came in at 46.5% for Q1 2026 at Tradeweb Markets, up from 42.41% in the prior quarter.
• The five-year high for Operating Margin was 46.5% in Q1 2026, with the low at 31.24% in Q4 2022.
• Average Operating Margin over 5 years is 38.61%, with a median of 38.28% recorded in 2023.
• Across the five-year window, Operating Margin soared 704 bps in 2023 and tumbled 250 bps in 2024, its largest moves.
• Year by year, Operating Margin stood at 31.24% in 2022, then increased by 23 bps to 38.28% in 2023, then grew by 6 bps to 40.69% in 2024, then increased by 4 bps to 42.41% in 2025, then rose by 10 bps to 46.5% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 46.5%, 42.41%, and 41.36% for Q1 2026, Q4 2025, and Q3 2025 respectively.