Tradeweb Markets (TW) Tax Provisions (2018 - 2026)
Tradeweb Markets' quarterly Tax Provisions came in at $69.8 million in Q1 2026, up 30.93% year-on-year from $53.3 million in Q1 2025, and down 22.14% quarter-over-quarter from $89.6 million in Q4 2025.
Tradeweb Markets has reported Tax Provisions for 9 years, with the latest figure at $69.8 million in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions rose 30.93% year-over-year to $69.8 million; the trailing twelve-month figure through Mar 2026 stood at $270.0 million (up 39.09% YoY), and the FY2025 full-year result was $253.5 million, up 37.43% from the prior year.
- Tax Provisions for Q1 2026 stood at $69.8 million, down from $89.6 million in the prior quarter.
- The five-year high for Tax Provisions was $89.6 million in Q4 2025, with the low at $13.6 million in Q4 2022.
- Average Tax Provisions over 5 years is $42.0 million, with a median of $43.4 million recorded in 2024.
- Year-over-year, Tax Provisions tumbled 68.73% in 2022 and surged 176.05% in 2023.
- Tracing TW's Tax Provisions over 5 years: stood at $13.6 million in 2022, then surged by 176.05% to $37.6 million in 2023, then soared by 33.94% to $50.3 million in 2024, then soared by 78.09% to $89.6 million in 2025, then retreated by 22.14% to $69.8 million in 2026.
- The last three Tax Provisions figures came in at $69.8 million (Q1 2026), $89.6 million (Q4 2025), and $59.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 1.37 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 856.00 Mn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 709.00 Mn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 65.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 117.00 Mn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 1.40 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 128.18 Mn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -6.26 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 69.76 Mn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -48.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 69.76 Mn |
| Dec 31, 2025 | 89.59 Mn |
| Sep 30, 2025 | 59.07 Mn |
| Jun 30, 2025 | 51.54 Mn |
| Mar 31, 2025 | 53.28 Mn |
| Dec 31, 2024 | 50.30 Mn |
| Sep 30, 2024 | 43.45 Mn |
| Jun 30, 2024 | 47.05 Mn |
| Mar 31, 2024 | 43.64 Mn |
| Dec 31, 2023 | 37.56 Mn |
| Sep 30, 2023 | 28.67 Mn |
| Jun 30, 2023 | 29.05 Mn |
| Mar 31, 2023 | 33.21 Mn |
| Dec 31, 2022 | 13.61 Mn |
| Sep 30, 2022 | 24.66 Mn |
| Jun 30, 2022 | 25.55 Mn |
| Mar 31, 2022 | 13.71 Mn |
| Dec 31, 2021 | 43.51 Mn |
| Sep 30, 2021 | 19.86 Mn |
| Jun 30, 2021 | 17.23 Mn |
| Mar 31, 2021 | 16.27 Mn |
| Dec 31, 2020 | 16.18 Mn |
| Sep 30, 2020 | 11.12 Mn |
| Jun 30, 2020 | 12.95 Mn |
| Mar 31, 2020 | 15.83 Mn |
| Dec 31, 2019 | 30.89 Mn |
| Sep 30, 2019 | 10.32 Mn |
| Jun 30, 2019 | 6.31 Mn |
| Mar 31, 2019 | 4.78 Mn |
| Sep 30, 2018 | 7.54 Mn |
| Jun 30, 2018 | 1.85 Mn |
| Mar 31, 2018 | 2.52 Mn |