Tradeweb Markets (TW) Price to Earnings (2019 - 2026)
Tradeweb Markets' Price to Earnings came in at 25.97 for Q3 2026, down 37.7% from 41.66 a year earlier and down 0.1% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Price to Earnings (2019 - 2026) Analysis & Trends
For FY2025, Tradeweb Markets' Price to Earnings was 31.16, down 49.4% from FY2024.
- Going back by year, Price to Earnings was 61.60 in FY2024 (+5.2%), 58.56 in FY2023 (+19.2%), 49.12 in FY2022 (-44.8%) and 88.92 in FY2021 (+3.4%).
- The Q3 2026 figure represents the lowest quarterly Price to Earnings in data going back to Q2 2019.
- Year-over-year, Price to Earnings has declined for five consecutive quarters, with an average decline of 26.4% over the last eight quarters.
- The fastest year-over-year change in Price to Earnings over five years came in Q3 2024 (growth of 26.1%), and the weakest in Q2 2026 (a decline of 58.1%).
- Business Quant data shows TW's Price to Earnings at 26.01 (Q2 2026), 31.93 (Q1 2026) and 31.16 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.75 |
| Jun 30, 2026 | 26.01 |
| Mar 31, 2026 | 31.93 |
| Dec 31, 2025 | 31.16 |
| Sep 30, 2025 | 41.66 |
| Jun 30, 2025 | 62.00 |
| Mar 31, 2025 | 67.02 |
| Dec 31, 2024 | 61.60 |
| Sep 30, 2024 | 65.12 |
| Jun 30, 2024 | 57.80 |
| Mar 31, 2024 | 61.03 |
| Dec 31, 2023 | 58.56 |
| Sep 30, 2023 | 51.65 |
| Jun 30, 2023 | 47.98 |
| Mar 31, 2023 | 59.02 |
| Dec 31, 2022 | 49.12 |
| Sep 30, 2022 | 43.10 |
| Jun 30, 2022 | 54.74 |
| Mar 31, 2022 | 74.11 |
| Dec 31, 2021 | 88.92 |
API Access
Tradeweb Markets Price to Earnings 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-earnings&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();