Tradeweb Markets (TW) Receivables (2018 - 2026)
Tradeweb Markets' Receivables came in at $316.38 million for Q2 2026, up 19.1% from $265.56 million a year earlier but down 10.7% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Receivables (2018 - 2026) Analysis & Trends
At the end of FY2025, Tradeweb Markets' Receivables was $266.15 million, up 15.5% from FY2024.
- Receivables has increased in each of the last six years, with a five-year compound annual growth rate of 19.5% (FY2020 to FY2025).
- Going back by year, Receivables was $230.36 million in FY2024 (+36.6%), $168.6 million in FY2023 (+16.0%), $145.4 million in FY2022 (+11.7%) and $130.21 million in FY2021 (+19.1%).
- The five-year range for quarterly Receivables is $130.21 million (Q4 2021) to $354.24 million (Q1 2026).
- Year-over-year, Receivables has increased for 25 consecutive quarters, with growth averaging 26.1% over the last eight quarters.
- Across the past five years, year-over-year growth in Receivables ran from 3.9% in Q1 2023 to 46.1% in Q3 2024.
- Business Quant data shows TW's Receivables at $354.24 million (Q1 2026), $266.15 million (Q4 2025) and $271.79 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 22.80 Bn |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 5.38 Bn |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 753.10 Mn |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 1.87 Bn |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 1.18 Bn |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | 696.00 Mn |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 114.65 Bn |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | - |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 570.60 Mn |
| 10 | Tradeweb Markets | 23.59 Bn | 16.31 Bn | - | 316.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 316.38 Mn |
| Mar 31, 2026 | 354.24 Mn |
| Dec 31, 2025 | 266.15 Mn |
| Sep 30, 2025 | 271.79 Mn |
| Jun 30, 2025 | 265.56 Mn |
| Mar 31, 2025 | 272.61 Mn |
| Dec 31, 2024 | 230.36 Mn |
| Sep 30, 2024 | 248.71 Mn |
| Jun 30, 2024 | 236.06 Mn |
| Mar 31, 2024 | 195.14 Mn |
| Dec 31, 2023 | 168.60 Mn |
| Sep 30, 2023 | 170.20 Mn |
| Jun 30, 2023 | 167.66 Mn |
| Mar 31, 2023 | 171.34 Mn |
| Dec 31, 2022 | 145.40 Mn |
| Sep 30, 2022 | 150.30 Mn |
| Jun 30, 2022 | 155.43 Mn |
| Mar 31, 2022 | 164.97 Mn |
| Dec 31, 2021 | 130.21 Mn |
| Sep 30, 2021 | 133.53 Mn |
API Access
Tradeweb Markets Receivables 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=receivables&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables", "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=receivables&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();