Growth Metrics

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

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DateValue
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