What is Tradeweb Markets Inc.'s capitalized software licenses?

Tradeweb Markets Inc. (TW) reported capitalized software licenses of $264.11M in Q1 2026.

How has Tradeweb Markets Inc.'s capitalized software licenses changed year-over-year?

Tradeweb Markets Inc.'s capitalized software licenses decreased by 8.4% year-over-year, from $288.37M to $264.11M.

What is the long-term trend for Tradeweb Markets Inc.'s capitalized software licenses?

Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s capitalized software licenses has grown at a 10.0% compound annual growth rate (CAGR), from $168.03M to $270.30M.

What does capitalized software licenses mean?

The value of software the company owns and uses to run its business, after accounting for depreciation.

Non-Current Assets

Capitalized software licenses

Tradeweb Markets Inc. Capitalized software licenses decreased by 2.3% to $264.11M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.4%, from $288.37M to $264.11M. Over 5 years (FY 2020 to FY 2025), Capitalized software licenses shows an upward trend with a 10.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalHigher is better

VolatilityModerate

First reportedQ4 2025

Last reportedQ1 2026

How to read this metric

An increase indicates ongoing investment in digital transformation, IT infrastructure, or internal efficiency tools.

Detailed definition

The net book value of software developed or purchased for internal use, which provides future economic benefits beyond t...

Peer comparison

Reflects the intensity of digital investment; varies based on the company's reliance on proprietary technology for operations.

Metric ID: non_current_assets_capitalized_computer_software_net

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$163.77M	$160.25M	$156.20M	$152.24M	$148.48M	$144.69M	$141.83M	$138.48M	$135.77M	$134.28M	$131.33M	$155.01M	$151.42M	$305.09M	$296.72M	$288.37M	$283.19M	$278.01M	$270.30M	$264.11M
QoQ Change	—	-2.1%	-2.5%	-2.5%	-2.5%	-2.6%	-2.0%	-2.4%	-2.0%	-1.1%	-2.2%	+18.0%	-2.3%	+101.5%	-2.7%	-2.8%	-1.8%	-1.8%	-2.8%	-2.3%
YoY Change	—	—	—	—	-9.3%	-9.7%	-9.2%	-9.0%	-8.6%	-7.2%	-7.4%	+11.9%	+11.5%	+127.2%	+125.9%	+86.0%	+87.0%	-8.9%	-8.9%	-8.4%

Range$131.33M – $305.09M

CAGR+10.6%

Avg YoY Growth+22.7%

Median YoY Growth-7.9%

Current Streak6 quarters decline

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Frequently Asked Questions

What is Tradeweb Markets Inc.'s capitalized software licenses?: Tradeweb Markets Inc. (TW) reported capitalized software licenses of $264.11M in Q1 2026.
How has Tradeweb Markets Inc.'s capitalized software licenses changed year-over-year?: Tradeweb Markets Inc.'s capitalized software licenses decreased by 8.4% year-over-year, from $288.37M to $264.11M.
What is the long-term trend for Tradeweb Markets Inc.'s capitalized software licenses?: Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s capitalized software licenses has grown at a 10.0% compound annual growth rate (CAGR), from $168.03M to $270.30M.
What does capitalized software licenses mean?: The value of software the company owns and uses to run its business, after accounting for depreciation.