Tradeweb Markets (TW) Other Working Capital Changes (2018 - 2026)
Tradeweb Markets' quarterly Other Working Capital Changes came in at $8.8 million in Q1 2026, down 45.04% year-on-year from $16.1 million in Q1 2025, and down 21.65% quarter-over-quarter from $11.3 million in Q4 2025.
Tradeweb Markets has reported Other Working Capital Changes for 9 years, with the latest figure at $8.8 million in Q1 2026.
- For the quarter ending Q1 2026, Other Working Capital Changes fell 45.04% year-over-year to $8.8 million; the trailing twelve-month figure through Mar 2026 stood at $9.3 million (down 68.03% YoY), and the FY2025 full-year result was $16.5 million, up 44.23% from the prior year.
- Other Working Capital Changes for Q1 2026 stood at $8.8 million, down from $11.3 million in the prior quarter.
- The five-year high for Other Working Capital Changes was $16.1 million in Q1 2025, with the low at -$25.6 million in Q3 2025.
- Average Other Working Capital Changes over 5 years is $2.5 million, with a median of $2.9 million recorded in 2023.
- Peak annual rise in Other Working Capital Changes reached 1187.61% in 2025, while the deepest fall reached 581.13% in 2025.
- Tracing TW's Other Working Capital Changes over 5 years: stood at -$1.7 million in 2022, then slumped by 229.15% to -$5.7 million in 2023, then surged by 269.48% to $9.7 million in 2024, then rose by 16.36% to $11.3 million in 2025, then fell by 21.65% to $8.8 million in 2026.
- The last three Other Working Capital Changes figures came in at $8.8 million (Q1 2026), $11.3 million (Q4 2025), and -$25.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.83 Mn |
| Mar 31, 2026 | 8.83 Mn |
| Dec 31, 2025 | 11.27 Mn |
| Dec 31, 2025 | 11.27 Mn |
| Sep 30, 2025 | -25.55 Mn |
| Sep 30, 2025 | -25.55 Mn |
| Jun 30, 2025 | 14.72 Mn |
| Jun 30, 2025 | 14.72 Mn |
| Mar 31, 2025 | 16.06 Mn |
| Mar 31, 2025 | 16.06 Mn |
| Dec 31, 2024 | 9.68 Mn |
| Dec 31, 2024 | 9.68 Mn |
| Sep 30, 2024 | 5.31 Mn |
| Sep 30, 2024 | 5.31 Mn |
| Jun 30, 2024 | -2.08 Mn |
| Jun 30, 2024 | -2.08 Mn |
| Mar 31, 2024 | -1.48 Mn |
| Mar 31, 2024 | -1.48 Mn |
| Dec 31, 2023 | -5.71 Mn |
| Dec 31, 2023 | -5.71 Mn |
| Sep 30, 2023 | 9.84 Mn |
| Sep 30, 2023 | 9.84 Mn |
| Jun 30, 2023 | -4.23 Mn |
| Jun 30, 2023 | -4.23 Mn |
| Mar 31, 2023 | 2.89 Mn |
| Mar 31, 2023 | 2.89 Mn |
| Dec 31, 2022 | -1.74 Mn |
| Dec 31, 2022 | -1.74 Mn |
| Sep 30, 2022 | -4.21 Mn |
| Sep 30, 2022 | -4.21 Mn |
| Jun 30, 2022 | 5.30 Mn |
| Jun 30, 2022 | 5.30 Mn |
| Mar 31, 2022 | 2.77 Mn |
| Mar 31, 2022 | 2.77 Mn |
| Dec 31, 2021 | -1.26 Mn |
| Dec 31, 2021 | -1.26 Mn |
| Sep 30, 2021 | -5.01 Mn |
| Sep 30, 2021 | -5.01 Mn |
| Jun 30, 2021 | -3.74 Mn |
| Jun 30, 2021 | -3.74 Mn |
| Mar 31, 2021 | 4.00 Mn |
| Mar 31, 2021 | 4.00 Mn |
| Dec 31, 2020 | 17.65 Mn |
| Dec 31, 2020 | 17.65 Mn |
| Sep 30, 2020 | 14.01 Mn |
| Sep 30, 2020 | 14.01 Mn |
| Jun 30, 2020 | -6.38 Mn |
| Jun 30, 2020 | -6.38 Mn |
| Mar 31, 2020 | 9.84 Mn |
| Mar 31, 2020 | 9.84 Mn |
| Dec 31, 2019 | 7.04 Mn |
| Dec 31, 2019 | 7.04 Mn |
| Jun 30, 2019 | -3.22 Mn |
| Jun 30, 2019 | -3.22 Mn |
| Mar 31, 2019 | 602,000.00 |
| Mar 31, 2019 | 602,000.00 |
| Sep 30, 2018 | 1.22 Mn |
| Sep 30, 2018 | 1.22 Mn |
| Mar 31, 2018 | -903,000.00 |
| Mar 31, 2018 | -903,000.00 |