Tradeweb Markets (TW) Tax Rate (2018 - 2026)

Tradeweb Markets (TW) posted quarterly Tax Rate of 23.03% for Q1 2026, down 102.0% year-over-year from 1151.39% in Q1 2025, and up 17.39% on a QoQ basis from 19.62% in Q4 2025.

Tradeweb Markets (TW) Tax Rate (2018 - 2026) Analysis & Trends

Tradeweb Markets (TW) has reported Tax Rate for 9 consecutive years, with 23.03% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Tax Rate fell 102.0% year-over-year to 23.03%; the TTM figure through Mar 2026 stood at 21.49% (down 311.0% YoY), while the FY2025 annual figure was 21.57%, down 288.0% from the prior year.
  • Tax Rate came in at 23.03% for Q1 2026 at Tradeweb Markets, up from 19.62% in the prior quarter.
  • The five-year high for Tax Rate was 26.58% in Q4 2023, with the low at 12.08% in Q4 2022.
  • Average Tax Rate over 5 years is 22.02%, with a median of 23.21% recorded in 2022.
  • Across the five-year window, Tax Rate plunged 2995 bps in 2022 and soared 1450 bps in 2023, its largest moves.
  • Year by year, Tax Rate stood at 12.08% in 2022, then surged by 120 bps to 26.58% in 2023, then retreated by 10 bps to 23.93% in 2024, then retreated by 18 bps to 19.62% in 2025, then rose by 17 bps to 23.03% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 23.03%, 19.62%, and 21.91% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 19.58%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 13.20%
3 Schwab Charles 167.21 Bn 122.24 Bn - 22.24%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -16.38%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 15.82%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 26.45%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 23.03%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 2.47%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 2.46%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 2.73%

Historic Data

Download Data
DateValue
Mar 31, 2026 23.03%
Mar 31, 2026 23.03%
Dec 31, 2025 19.62%
Dec 31, 2025 19.62%
Sep 30, 2025 21.91%
Sep 30, 2025 21.91%
Jun 30, 2025 22.70%
Jun 30, 2025 22.70%
Mar 31, 2025 24.04%
Mar 31, 2025 24.04%
Dec 31, 2024 23.93%
Dec 31, 2024 23.93%
Sep 30, 2024 25.02%
Sep 30, 2024 25.02%
Jun 30, 2024 25.64%
Jun 30, 2024 25.64%
Mar 31, 2024 23.33%
Mar 31, 2024 23.33%
Dec 31, 2023 26.58%
Dec 31, 2023 26.58%