Tradeweb Markets profit margin TW
Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.
- Net margin, 12 months
- 40.7%
- Net margin on a year earlier
- +11.8 pts
- Peer median
- 15.0%
Over the twelve months to Jun 30, 2026, Tradeweb Markets kept 40.7% of its revenue as net profit.
Five years earlier its net margin was 21.9%.
The median for 10 capital markets stocks of a similar size is 15.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 39.6% |
| FY2024 | 29.1% |
| FY2023 | 27.3% |
| FY2022 | 26.0% |
| FY2021 | 21.1% |
| FY2020 | 18.6% |
| FY2019 | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 40.7% | +11.8 pts | |
| Q1 FY26 | 40.3% | +11.6 pts | |
| Q4 FY25 | 39.6% | +10.5 pts | |
| Q3 FY25 | 31.6% | +4.1 pts | |
| Q2 FY25 | 28.9% | +0.2 pts | |
| Q1 FY25 | 28.7% | +0.2 pts | |
| Q4 FY24 | 29.1% | +1.8 pts | |
| Q3 FY24 | 27.5% | −1.4 pts | |
| Q2 FY24 | 28.7% | +1.2 pts | |
| Q1 FY24 | 28.4% | +2.4 pts | |
| Q4 FY23 | 27.3% | +1.2 pts | |
| Q3 FY23 | 28.9% | +5.9 pts |
Against its peers
Companies in Financial - Capital Markets nearest Tradeweb Markets' size, closest first, today.
| Company | Profit margin |
|---|---|
| TWTradeweb Markets | 40.7% |
| LPLALPL Financial | 5.1% |
| CRCLCircle Internet | 15.5% |
| SEICSEI Investments | 28.8% |
| FRHCFreedom | 6.5% |
| SFStifel Financial | 14.3% |
| HOODRobinhood Markets | 42.0% |
| VIRTVirtu Financial | 13.5% |
| MKTXMarketaxess | 35.2% |
| SCHWCharles Schwab | 39.3% |
| PIPRPiper Sandler Companies | 14.5% |
| Peer median | 15.0% |
Where Tradeweb Markets ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Tradeweb Markets
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.