Tradeweb Markets (TW) Research & Development (2018 - 2026)
Tradeweb Markets (TW) posted quarterly Research & Development of $39.5 million for Q1 2026, up 37.67% year-over-year from $28.7 million in Q1 2025, and up 11.34% on a QoQ basis from $35.5 million in Q4 2025.
Tradeweb Markets (TW) Research & Development (2018 - 2026) Analysis & Trends
Tradeweb Markets (TW) has reported Research & Development for 9 consecutive years, with $39.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 37.67% year-over-year to $39.5 million; the TTM figure through Mar 2026 stood at $139.1 million (up 31.29% YoY), while the FY2025 annual figure was $128.3 million, up 30.19% from the prior year.
- Research & Development came in at $39.5 million for Q1 2026 at Tradeweb Markets, up from $35.5 million in the prior quarter.
- The five-year high for Research & Development was $39.5 million in Q1 2026, with the low at $15.8 million in Q1 2022.
- Average Research & Development over 5 years is $24.1 million, with a median of $21.5 million recorded in 2023.
- Across the five-year window, Research & Development grew 11.35% in 2023 and surged 39.37% in 2025, its largest moves.
- Year by year, Research & Development stood at $17.2 million in 2022, then gained by 24.8% to $21.5 million in 2023, then soared by 33.59% to $28.7 million in 2024, then climbed by 23.64% to $35.5 million in 2025, then gained by 11.34% to $39.5 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $39.5 million, $35.5 million, and $33.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1.15 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 583.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 241.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 23.47 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 39.55 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | - |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | 27.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.55 Mn |
| Dec 31, 2025 | 35.52 Mn |
| Sep 30, 2025 | 33.87 Mn |
| Jun 30, 2025 | 30.21 Mn |
| Mar 31, 2025 | 28.73 Mn |
| Dec 31, 2024 | 28.73 Mn |
| Sep 30, 2024 | 24.30 Mn |
| Jun 30, 2024 | 24.23 Mn |
| Mar 31, 2024 | 21.31 Mn |
| Dec 31, 2023 | 21.51 Mn |
| Sep 30, 2023 | 19.73 Mn |
| Jun 30, 2023 | 18.70 Mn |
| Mar 31, 2023 | 17.57 Mn |
| Dec 31, 2022 | 17.23 Mn |
| Sep 30, 2022 | 16.82 Mn |
| Jun 30, 2022 | 16.03 Mn |
| Mar 31, 2022 | 15.78 Mn |
| Dec 31, 2021 | 13.94 Mn |
| Sep 30, 2021 | 14.75 Mn |
| Jun 30, 2021 | 13.96 Mn |