Tradeweb Markets (TW) Payables (2018 - 2026)
Tradeweb Markets' Payables was $175.24 million in Q2 2026, down 67.7% from $542.74 million a year earlier but up 15.6% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Payables (2018 - 2026) Analysis & Trends
At the end of FY2025, Payables at Tradeweb Markets came in at $183.97 million, up 93.1% from FY2024.
- Payables shows a five-year compound annual growth rate of 33.9% (FY2020 to FY2025).
- In earlier years, Payables was $95.29 million in FY2024 (-72.9%), $351.9 million in FY2023 (+653.7%), $46.69 million in FY2022 (+20.2%) and $38.83 million in FY2021 (-9.0%).
- Quarterly Payables has moved between $37.38 million (Q3 2022) and $646.64 million (Q1 2024) over five years.
- Compared with a year earlier, Payables was higher in four of the last eight quarters, with growth averaging 50.2%.
- The best year-over-year quarter for Payables over five years was Q4 2023 (growth of 653.7%); the worst was Q1 2025 (a decline of 81.1%).
- Per Business Quant data, TW's Payables in the three quarters before Q2 2026 was $151.63 million (Q1 2026), $183.97 million (Q4 2025) and $187.36 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 67.70 Mn |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 30.12 Bn |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 1.19 Bn |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 658.00 Mn |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 252.00 Mn |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | - |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 377.70 Mn |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 1.91 Bn |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - | 219.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 219.87 Mn |
| Jun 30, 2026 | 175.24 Mn |
| Mar 31, 2026 | 151.63 Mn |
| Dec 31, 2025 | 183.97 Mn |
| Sep 30, 2025 | 187.36 Mn |
| Jun 30, 2025 | 542.74 Mn |
| Mar 31, 2025 | 122.13 Mn |
| Dec 31, 2024 | 95.29 Mn |
| Sep 30, 2024 | 286.20 Mn |
| Jun 30, 2024 | 424.80 Mn |
| Mar 31, 2024 | 646.64 Mn |
| Dec 31, 2023 | 351.90 Mn |
| Sep 30, 2023 | 46.67 Mn |
| Jun 30, 2023 | 128.01 Mn |
| Mar 31, 2023 | 53.36 Mn |
| Dec 31, 2022 | 46.69 Mn |
| Sep 30, 2022 | 37.38 Mn |
| Jun 30, 2022 | 39.78 Mn |
| Mar 31, 2022 | 70.51 Mn |
| Dec 31, 2021 | 38.83 Mn |
API Access
Tradeweb Markets Payables 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=payables&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();