• Tradeweb Markets average operating margin for 2024 was 39.07%, a 7.93% increase from 2023.
• Tradeweb Markets average operating margin for 2023 was 36.2%, a 4.93% increase from 2022.
• Tradeweb Markets average operating margin for 2022 was 34.5%, a 7.08% increase from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.