Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 67.65% is in line with its 5-year average of 65.29%, near the high end of its 5-year range (61.30%–69.44%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.39% below its 12-month average of 67.91%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
67.65%
GROSS MARGIN AVG TTM
67.91%
GROSS MARGIN AVG 3Y
66.51%
GROSS MARGIN AVG 5Y
65.29%
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-0.39%
CURRENT VS 3Y AVG
+1.71%
CURRENT VS 5Y AVG
+3.61%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
57.83%
median of 101 covered companies
CURRENT VS SECTOR MEDIAN
+16.97%
vs the sector median at left
Tradeweb Markets Inc.
Market Cap
$23.01B
Gross Margin
67.65%
TTM Avg
67.91%
3Y Avg
66.51%
5Y Avg
65.29%
Market Cap
$23.02B
Gross Margin
72.57%
TTM Avg
67.68%
3Y Avg
63.66%
5Y Avg
60.20%
Market Cap
$24.02B
Gross Margin
48.54%
TTM Avg
45.39%
3Y Avg
49.23%
5Y Avg
48.30%
Market Cap
$24.08B
Gross Margin
62.67%
TTM Avg
57.30%
3Y Avg
54.80%
5Y Avg
56.34%
Market Cap
$24.60B
Gross Margin
76.46%
TTM Avg
72.40%
3Y Avg
75.46%
5Y Avg
77.83%
Market Cap
$25.19B
Gross Margin
8.67%
TTM Avg
16.13%
3Y Avg
23.51%
5Y Avg
2.92%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tradeweb Markets Inc. (TW) | $23.01B | 67.65% | 67.91% | 66.51% | 65.29% |
| Global Payments Inc. (GPN)vs › | $23.02B | 72.57% | 67.68% | 63.66% | 60.20% |
| Loews Corporation (L)vs › | $22.60B | 46.96% | 44.30% | 43.77% | 43.78% |
| KeyCorp (KEY)vs › | $23.77B | 64.48% | 53.55% | 61.38% | 70.63% |
| Brown & Brown, Inc. (BRO)vs › | $23.89B | 87.68% | 68.27% | 58.37% | 54.11% |
| Principal Financial Group, Inc. (PFG)vs › | $24.02B | 48.54% | 45.39% | 49.23% | 48.30% |
| T. Rowe Price Group, Inc. (TROW)vs › | $24.08B | 62.67% | 57.30% | 54.80% | 56.34% |
| SoFi Technologies, Inc. (SOFI)vs › | $24.60B | 76.46% | 72.40% | 75.46% | 77.83% |
| Circle Internet Group (CRCL)vs › | $25.19B | 8.67% | 16.13% | 23.51% | 2.92% |
| W. R. Berkley Corporation (WRB)vs › | $25.44B | 19.81% | 21.35% | 21.74% | 20.83% |
Gross Margin
67.6%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 67.65% |
| 2026-03-31 | 67.98% |
| 2025-12-31 | 69.44% |
| 2025-09-30 | 67.56% |
| 2025-06-30 | 66.92% |
| 2025-03-31 | 65.30% |
| 2024-12-31 | 67.15% |
| 2024-09-30 | 64.32% |
| 2024-06-30 | 66.11% |
| 2024-03-31 | 64.99% |
| 2023-12-31 | 65.98% |
| 2023-09-30 | 64.67% |
| 2023-06-30 | 66.54% |
| 2023-03-31 | 65.23% |
| 2022-12-31 | 65.25% |
| 2022-09-30 | 64.22% |
| 2022-06-30 | 63.02% |
| 2022-03-31 | 62.12% |
| 2021-12-31 | 61.30% |
| 2021-09-30 | 63.05% |
| 2021-06-30 | 62.26% |
| 2021-03-31 | 62.10% |
| 2020-12-31 | 62.97% |
| 2020-09-30 | 60.55% |
| 2020-06-30 | 58.10% |
| 2020-03-31 | 61.42% |
| 2019-12-31 | 61.21% |
| 2019-09-30 | 60.37% |
| 2019-06-30 | 49.60% |
| 2019-03-31 | 58.63% |
| 2018-12-31 | 54.97% |
| 2018-09-30 | 58.83% |
| 2018-06-30 | 54.91% |
| 2018-03-31 | 55.11% |
| 2017-12-31 | 100.00% |
