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
DateValue
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