Tradeweb Markets (TW) Price to Book (2019 - 2026)
Tradeweb Markets' (TW) Price to Book was 3.18 for Q2 2026, down 38.2% from 5.15 a year earlier and down 16.3% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Price to Book (2019 - 2026) Analysis & Trends
For FY2025, Price to Book at Tradeweb Markets was 3.52, down 27.0% from FY2024.
- By year, Price to Book came in at 4.83 in FY2024 (+34.0%), 3.60 in FY2023 (+31.5%), 2.74 in FY2022 (-27.9%) and 3.80 in FY2021 (+33.3%).
- The Q2 2026 figure ranks as the lowest quarterly Price to Book since Q2 2023.
- Year over year, Price to Book has now declined in each of the last four quarters, with growth averaging 3.1% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q3 2023 (growth of 52.2%); the low point was Q2 2026 (a decline of 38.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 3.80 (Q1 2026), 3.52 (Q4 2025) and 3.78 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.43 Bn | 98.52 Bn | - |
| 2 | Intercontinental Exchange | 92.22 Bn | 85.96 Bn | - |
| 3 | Robinhood Markets | 86.78 Bn | 67.81 Bn | - |
| 4 | Nasdaq | 58.09 Bn | 55.52 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 36.85 Bn | 13.96 Bn | - |
| 6 | Cboe Global Markets | 34.46 Bn | 26.11 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 25.89 Bn | 17.90 Bn | - |
| 8 | LPL Financial Holdings | 25.45 Bn | 20.77 Bn | - |
| 9 | Circle Internet | 21.46 Bn | 15.33 Bn | 288.85 Mn |
| 10 | Xp | 15.46 Bn | -6.37 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.18 |
| Mar 31, 2026 | 3.80 |
| Dec 31, 2025 | 3.52 |
| Sep 30, 2025 | 3.78 |
| Jun 30, 2025 | 5.15 |
| Mar 31, 2025 | 5.36 |
| Dec 31, 2024 | 4.83 |
| Sep 30, 2024 | 4.65 |
| Jun 30, 2024 | 4.04 |
| Mar 31, 2024 | 4.05 |
| Dec 31, 2023 | 3.60 |
| Sep 30, 2023 | 3.24 |
| Jun 30, 2023 | 2.81 |
| Mar 31, 2023 | 3.31 |
| Dec 31, 2022 | 2.74 |
| Sep 30, 2022 | 2.13 |
| Jun 30, 2022 | 2.60 |
| Mar 31, 2022 | 3.39 |
| Dec 31, 2021 | 3.80 |
| Sep 30, 2021 | 3.11 |
API Access
Tradeweb Markets Price to Book 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=price-to-book&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();