Growth Metrics

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

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DateValue
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