Tradeweb Markets Inc. (TW) stock
TWNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 17/302% below fair value
$131.64+1.04 (+0.80%)
Close on Nov 12, 2026Market cap $30.56BP/E 30.9Yield 0.36%
Tradeweb Markets ebitda
EBITDA is earnings before interest, taxes, depreciation and amortization, a rough measure of cash profit from operations.
Tradeweb Markets's ebitda for the twelve months ending Sep 30, 2026 was $1.25B, up 18.5% year over year. For fiscal 2025 it was $1.09B, up 20.9% from the year before. The highest annual figure on record is $1.09B in fiscal 2025.
Annual ebitda
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.09B | +20.9% |
| FY2024 | Dec 31, 2024 | $898.03M | +30.0% |
| FY2023 | Dec 31, 2023 | $690.62M | +16.8% |
| FY2022 | Dec 31, 2022 | $591.45M | +11.6% |
| FY2021 | Dec 31, 2021 | $530.14M | +27.1% |
| FY2020 | Dec 31, 2020 | $417.14M | +26.7% |
| FY2019 | Dec 31, 2019 | $329.15M | +108.7% |
| FY2017 | Dec 31, 2017 | $157.71M | – |
Quarterly ebitda
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $315.75M | +14.9% |
| Q2 FY2026 | Jun 30, 2026 | $306.75M | +16.7% |
| Q1 FY2026 | Mar 31, 2026 | $347.96M | +30.4% |
| Q4 FY2025 | Dec 31, 2025 | $281.10M | +11.8% |
| Q3 FY2025 | Sep 30, 2025 | $274.72M | +26.5% |
| Q2 FY2025 | Jun 30, 2025 | $262.90M | +23.8% |
| Q1 FY2025 | Mar 31, 2025 | $266.80M | +22.9% |
| Q4 FY2024 | Dec 31, 2024 | $251.39M | +32.9% |
| Q3 FY2024 | Sep 30, 2024 | $217.19M | +26.8% |
| Q2 FY2024 | Jun 30, 2024 | $212.43M | +31.0% |
| Q1 FY2024 | Mar 31, 2024 | $217.02M | +29.2% |
| Q4 FY2023 | Dec 31, 2023 | $189.13M | +38.6% |
| Q3 FY2023 | Sep 30, 2023 | $171.30M | +16.1% |
| Q2 FY2023 | Jun 30, 2023 | $162.22M | +7.2% |
| Q1 FY2023 | Mar 31, 2023 | $167.97M | +7.6% |
| Q4 FY2022 | Dec 31, 2022 | $136.44M | +1.2% |
| Q3 FY2022 | Sep 30, 2022 | $147.59M | +13.2% |
| Q2 FY2022 | Jun 30, 2022 | $151.38M | +20.5% |
| Q1 FY2022 | Mar 31, 2022 | $156.05M | +12.0% |
| Q4 FY2021 | Dec 31, 2021 | $134.83M | +21.0% |
| Q3 FY2021 | Sep 30, 2021 | $130.35M | +33.9% |
| Q2 FY2021 | Jun 30, 2021 | $125.66M | +34.3% |
| Q1 FY2021 | Mar 31, 2021 | $139.29M | +21.3% |
| Q4 FY2020 | Dec 31, 2020 | $111.42M | +22.8% |
| Q3 FY2020 | Sep 30, 2020 | $97.38M | +4.3% |
| Q2 FY2020 | Jun 30, 2020 | $93.56M | +43.4% |
| Q1 FY2020 | Mar 31, 2020 | $114.79M | +43.9% |
| Q4 FY2019 | Dec 31, 2019 | $90.73M | +39.7% |
| Q3 FY2019 | Sep 30, 2019 | $93.39M | +35.0% |
| Q2 FY2019 | Jun 30, 2019 | $65.25M | – |
| Q1 FY2019 | Mar 31, 2019 | $79.78M | – |
| Q4 FY2018 | Dec 31, 2018 | $64.96M | – |
| Q3 FY2018 | Sep 30, 2018 | $69.18M | – |
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