Tradeweb Markets (TW) Price to Sales (2019 - 2026)
Tradeweb Markets' Price to Sales was 10.34 in Q3 2026, down 21.4% from 13.16 a year earlier and down 2.2% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Price to Sales (2019 - 2026) Analysis & Trends
For FY2025, Price to Sales at Tradeweb Markets came in at 12.34, down 31.1% from FY2024.
- In earlier years, Price to Sales was 17.90 in FY2024 (+12.1%), 15.97 in FY2023 (+24.9%), 12.78 in FY2022 (-31.8%) and 18.74 in FY2021 (+16.9%).
- The Q3 2026 figure marks the lowest quarterly Price to Sales since Q3 2022.
- Compared with a year earlier, Price to Sales has declined for five straight quarters, with an average decline of 15.3% over the last eight quarters.
- The best year-over-year quarter for Price to Sales over five years was Q3 2023 (growth of 50.8%); the worst was Q2 2026 (a decline of 40.9%).
- Per Business Quant data, TW's Price to Sales in the three quarters before Q3 2026 was 10.57 (Q2 2026), 12.85 (Q1 2026) and 12.34 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.26 |
| Jun 30, 2026 | 10.57 |
| Mar 31, 2026 | 12.85 |
| Dec 31, 2025 | 12.34 |
| Sep 30, 2025 | 13.16 |
| Jun 30, 2025 | 17.89 |
| Mar 31, 2025 | 19.21 |
| Dec 31, 2024 | 17.90 |
| Sep 30, 2024 | 17.89 |
| Jun 30, 2024 | 16.56 |
| Mar 31, 2024 | 17.35 |
| Dec 31, 2023 | 15.97 |
| Sep 30, 2023 | 14.93 |
| Jun 30, 2023 | 13.17 |
| Mar 31, 2023 | 15.37 |
| Dec 31, 2022 | 12.78 |
| Sep 30, 2022 | 9.90 |
| Jun 30, 2022 | 12.13 |
| Mar 31, 2022 | 16.09 |
| Dec 31, 2021 | 18.74 |
API Access
Tradeweb Markets Price to Sales 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-sales&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();