Tradeweb Markets (TW) Research & Development (2018 - 2026)

Tradeweb Markets' Research & Development history runs 9 years deep, the most recent figure standing at $39.5 million for 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 was $39.5 million for Q1 2026 at Tradeweb Markets, up from $35.5 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $39.5 million in Q1 2026 to a low of $15.8 million in Q1 2022.
• Historically, Research & Development has averaged $24.1 million across 5 years, with a median of $21.5 million in 2023.
• The sharpest annual moves came in 2023 and 2025: Research & Development gained 11.35% in 2023, then surged 39.37% in 2025.
• A 5-year view of Research & Development shows it stood at $17.2 million in 2022, then grew by 24.8% to $21.5 million in 2023, then soared by 33.59% to $28.7 million in 2024, then rose by 23.64% to $35.5 million in 2025, then grew by 11.34% to $39.5 million in 2026.
• The last three Research & Development figures came in at $39.5 million (Q1 2026), $35.5 million (Q4 2025), and $33.9 million (Q3 2025), per Business Quant data.