Tradeweb Markets (TW) Tax Provisions (2018 - 2026)
Tradeweb Markets' Tax Provisions was $65.1 million in Q3 2026, up 10.2% from $59.07 million a year earlier and up 2.5% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Tax Provisions (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tradeweb Markets' Tax Provisions was $287.94 million through Sep 30, 2026, up 34.4% year-over-year; for FY2025, it came in at $253.47 million, up 37.4% from FY2024.
- Tax Provisions has now increased for three consecutive years, with a five-year compound annual growth rate of 35.2% (FY2020 to FY2025).
- In earlier years, Tax Provisions was $184.44 million in FY2024 (+43.6%), $128.48 million in FY2023 (+65.7%), $77.52 million in FY2022 (-20.0%) and $96.88 million in FY2021 (+72.8%).
- Quarterly Tax Provisions has moved between $13.61 million (Q4 2022) and $89.59 million (Q4 2025) over five years.
- Compared with a year earlier, Tax Provisions has increased for 15 straight quarters, with growth averaging 30.5% over the last eight quarters.
- The best year-over-year quarter for Tax Provisions over five years was Q4 2023 (growth of 176.1%); the worst was Q4 2022 (a decline of 68.7%).
- Per Business Quant data, TW's Tax Provisions in the three quarters before Q3 2026 was $63.5 million (Q2 2026), $69.76 million (Q1 2026) and $89.59 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 317.90 Mn |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 499.00 Mn |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 286.00 Mn |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 149.00 Mn |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 162.00 Mn |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | 298.00 Mn |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 126.30 Mn |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 148.00 Mn |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 153.60 Mn |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - | 65.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 65.10 Mn |
| Jun 30, 2026 | 63.50 Mn |
| 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 |
API Access
Tradeweb Markets Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();