Tradeweb Markets (TW) Revenue (2018 - 2026)
Tradeweb Markets (TW) posted quarterly Revenue of $617.8 million for Q1 2026, up 21.21% year-over-year from $509.7 million in Q1 2025, and up 18.53% on a QoQ basis from $521.2 million in Q4 2025.
Tradeweb Markets (TW) Revenue (2018 - 2026) Analysis & Trends
Tradeweb Markets (TW) has reported Revenue for 9 consecutive years, with $617.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Revenue rose 21.21% year-over-year to $617.8 million; the TTM figure through Mar 2026 stood at $2.2 billion (up 18.26% YoY), while the FY2025 annual figure was $2.1 billion, up 18.92% from the prior year.
- Revenue came in at $617.8 million for Q1 2026 at Tradeweb Markets, up from $521.2 million in the prior quarter.
- The five-year high for Revenue was $617.8 million in Q1 2026, with the low at $287.1 million in Q3 2022.
- Average Revenue over 5 years is $407.2 million, with a median of $405.0 million recorded in 2024.
- Across the five-year window, Revenue rose 4.53% in 2023 and surged 36.72% in 2024, its largest moves.
- Year by year, Revenue stood at $293.0 million in 2022, then rose by 26.26% to $370.0 million in 2023, then rose by 25.23% to $463.3 million in 2024, then grew by 12.48% to $521.2 million in 2025, then rose by 18.53% to $617.8 million in 2026.
- According to Business Quant data, Revenue over the past three periods registered $617.8 million, $521.2 million, and $508.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 20.58 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 17.23 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 6.48 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 355.90 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 1.07 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.94 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 617.76 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 41.63 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 144.80 Mn |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | 1.40 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 617.76 Mn |
| Dec 31, 2025 | 521.18 Mn |
| Sep 30, 2025 | 508.60 Mn |
| Jun 30, 2025 | 512.97 Mn |
| Mar 31, 2025 | 509.68 Mn |
| Dec 31, 2024 | 463.34 Mn |
| Sep 30, 2024 | 448.92 Mn |
| Jun 30, 2024 | 404.95 Mn |
| Mar 31, 2024 | 408.74 Mn |
| Dec 31, 2023 | 370.00 Mn |
| Sep 30, 2023 | 328.36 Mn |
| Jun 30, 2023 | 310.61 Mn |
| Mar 31, 2023 | 329.25 Mn |
| Dec 31, 2022 | 293.04 Mn |
| Sep 30, 2022 | 287.12 Mn |
| Jun 30, 2022 | 297.14 Mn |
| Mar 31, 2022 | 311.49 Mn |
| Dec 31, 2021 | 276.88 Mn |
| Sep 30, 2021 | 265.33 Mn |
| Jun 30, 2021 | 260.84 Mn |