• Tradeweb Markets average pre-tax profit margin for 2023 was 40.01%, a 11.85% increase from 2022.
• Tradeweb Markets average pre-tax profit margin for 2022 was 35.77%, a 7.87% increase from 2021.
• Tradeweb Markets average pre-tax profit margin for 2021 was 33.16%, a 4.05% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.