Tradeweb Markets (TW) Price to FCF (2019 - 2026)
Tradeweb Markets' (TW) Price to FCF stood at 20.38 in Q2 2026, down 40.7% from 34.38 a year earlier and down 14.7% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Price to FCF (2019 - 2026) Analysis & Trends
For FY2025, Tradeweb Markets' Price to FCF came in at 22.47, down 37.7% from FY2024.
- Across earlier years, Price to FCF came in at 36.06 in FY2024 (+22.8%), 29.37 in FY2023 (+17.8%), 24.93 in FY2022 (-30.7%) and 35.94 in FY2021 (+8.5%).
- The Q2 2026 figure is the lowest quarterly Price to FCF since Q3 2022.
- On a year-over-year basis, Price to FCF has declined for four consecutive quarters, with an average decline of 9.9% over the last eight quarters.
- Peak year-over-year performance for Price to FCF in the last five years was growth of 39.7% in Q3 2023, against a decline of 40.7% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 23.88 (Q1 2026), 22.47 (Q4 2025) and 25.06 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 99.92 Bn | 81.02 Bn | - |
| 2 | Bank of New York Mellon | 97.64 Bn | 37.02 Bn | - |
| 3 | Cme | 95.24 Bn | 95.24 Bn | - |
| 4 | Intercontinental Exchange | 84.98 Bn | 78.79 Bn | - |
| 5 | Nasdaq | 51.52 Bn | 48.95 Bn | 1.50 Bn |
| 6 | State Street | 47.96 Bn | 47.96 Bn | - |
| 7 | Interactive Brokers | 38.66 Bn | 32.12 Bn | - |
| 8 | Northern Trust | 30.96 Bn | 30.96 Bn | - |
| 9 | Cboe Global Markets | 29.00 Bn | 20.65 Bn | 731.60 Mn |
| 10 | Tradeweb Markets | 24.19 Bn | 16.90 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.38 |
| Mar 31, 2026 | 23.88 |
| Dec 31, 2025 | 22.47 |
| Sep 30, 2025 | 25.06 |
| Jun 30, 2025 | 34.38 |
| Mar 31, 2025 | 39.71 |
| Dec 31, 2024 | 36.06 |
| Sep 30, 2024 | 34.63 |
| Jun 30, 2024 | 32.66 |
| Mar 31, 2024 | 35.40 |
| Dec 31, 2023 | 29.37 |
| Sep 30, 2023 | 27.42 |
| Jun 30, 2023 | 23.85 |
| Mar 31, 2023 | 29.10 |
| Dec 31, 2022 | 24.93 |
| Sep 30, 2022 | 19.63 |
| Jun 30, 2022 | 24.31 |
| Mar 31, 2022 | 32.83 |
| Dec 31, 2021 | 35.94 |
| Sep 30, 2021 | 31.95 |
API Access
Tradeweb Markets Price to FCF 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-fcf&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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-fcf&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();