• Tradeweb Markets average return on tangible equity for 2023 was 19.31, a 0.89% increase from 2022.
• Tradeweb Markets average return on tangible equity for 2022 was 19.14, a 4.93% increase from 2021.
• Tradeweb Markets average return on tangible equity for 2021 was 18.24, a 18.75% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.