Tradeweb Markets (TW) Wages, Salaries and Other (2018 - 2026)
Tradeweb Markets' Wages, Salaries and Other came in at $178.93 million for Q3 2026, up 8.4% from $164.99 million a year earlier and up 3.7% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Wages, Salaries and Other (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Tradeweb Markets reported Wages, Salaries and Other of $708.45 million, up 6.7% year-over-year; for FY2025, it was $670.83 million, up 13.2% from FY2024.
- Wages, Salaries and Other has increased in each of the last six years, with a five-year compound annual growth rate of 13.9% (FY2020 to FY2025).
- Going back by year, Wages, Salaries and Other was $592.69 million in FY2024 (+28.8%), $460.31 million in FY2023 (+6.4%), $432.42 million in FY2022 (+6.2%) and $407.26 million in FY2021 (+16.5%).
- The five-year range for quarterly Wages, Salaries and Other is $101.82 million (Q4 2022) to $197.79 million (Q1 2026).
- Year-over-year, Wages, Salaries and Other has increased for 13 consecutive quarters, with growth averaging 12.2% over the last eight quarters.
- The fastest year-over-year change in Wages, Salaries and Other over five years came in Q3 2024 (growth of 38.1%), and the weakest in Q2 2023 (a decline of 5.4%).
- Business Quant data shows TW's Wages, Salaries and Other at $172.46 million (Q2 2026), $197.79 million (Q1 2026) and $159.27 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Wages (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 234.30 Mn |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | 1.81 Bn |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | 526.00 Mn |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | - |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | 379.00 Mn |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | 1.25 Bn |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | 132.70 Mn |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | 167.00 Mn |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | 761.10 Mn |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - | 178.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 178.93 Mn |
| Jun 30, 2026 | 172.46 Mn |
| Mar 31, 2026 | 197.79 Mn |
| Dec 31, 2025 | 159.27 Mn |
| Sep 30, 2025 | 164.99 Mn |
| Jun 30, 2025 | 169.69 Mn |
| Mar 31, 2025 | 176.88 Mn |
| Dec 31, 2024 | 152.21 Mn |
| Sep 30, 2024 | 160.16 Mn |
| Jun 30, 2024 | 137.24 Mn |
| Mar 31, 2024 | 143.09 Mn |
| Dec 31, 2023 | 125.87 Mn |
| Sep 30, 2023 | 116.02 Mn |
| Jun 30, 2023 | 103.92 Mn |
| Mar 31, 2023 | 114.49 Mn |
| Dec 31, 2022 | 101.82 Mn |
| Sep 30, 2022 | 102.72 Mn |
| Jun 30, 2022 | 109.89 Mn |
| Mar 31, 2022 | 117.99 Mn |
| Dec 31, 2021 | 107.15 Mn |
API Access
Tradeweb Markets Wages, Salaries and Other 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=wages-salaries-and-other&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "wages-salaries-and-other", "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=wages-salaries-and-other&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();