Tradeweb Markets Inc.

Tradeweb Markets Inc.

TW
Tradeweb Markets Inc.US flagNASDAQ Global Select
105.34
USD
+1.87
- -
22.43BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.17
2.22
5.33
5.24
4.95
5.34
5.78
6.35
8.1
9.63
10.36
Basic EPS, GAAP
0.41
0.37
1.29
0.57
0.92
1.13
1.5
1.73
2.35
3.81
4.21
Free Cash Flow per Basic Share
0.71
0.93
2.12
1.99
2.39
2.79
2.97
3.45
4.02
5.29
5.38
Dividend per Share
0.57
0.67
1.42
1.05
0.32
0.32
0.32
0.36
0.4
0.48
0.52
Book Value per Share
- -
8
37.06
20.68
22.07
22.86
23.85
25.35
27.24
30.63
31.43
Tangible Book Value per Share
- -
1.29
2.64
-4.72
1.33
2.6
4.62
6.71
5.04
9.13
10.12
Basic Weighted Avg Shares
227
227
123
148
180
201
206
211
213
213
213
Sales/Revenue/Turnover
492
504
658
776
893
1,076
1,189
1,338
1,726
2,052
2,206
Operating Margin (%)
18.92
17.66
26.2
28.75
30.78
34.52
35.85
37.05
39.73
41.18
44.13
Depreciation Expense
81
69
82
139
154
171
179
185
220
250
247
Net Income, GAAP
93
84
159
84
166
227
309
365
502
813
897
Effective Tax Rate (%)
- -
6.83
8.76
23.21
20.43
26.18
17.73
23.45
24.45
21.57
21.69
Profit Margin (%)
18.93
16.58
24.25
10.8
18.63
21.07
26.02
27.27
29.06
39.6
40.66
Working Capital
- -
211
417
267
432
646
925
1,400
1,127
1,859
1,892
LT Debt
- -
- -
- -
31
34
24
28
27
36
139
150
Total Equity
- -
986
4,572
4,593
5,019
5,309
5,546
5,931
6,399
7,189
7,338
Return on Invested Capital (%)
- -
17.31
5.72
3.64
4.24
4.9
5.97
6.11
7.84
9.16
10.22
Return on Capital (%)
- -
16.96
5.74
0.8
2.36
3.48
4.78
5.41
7.04
10.25
10.93
Return on Common Equity (%)
- -
16.96
5.74
2.11
4.33
5.07
6.44
7.07
8.98
13.21
14.09

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
139
143
150
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
212
213
211
Market Capitalization
22,845
25,058
21,036

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,419
2,481
2,442
Cash, Cash Equivalents & STI
2,085
1,937
2,058
Accounts Receivable, Net
266
482
321
Inventories
- -
- -
- -
Total Current Liabilities
560
681
550
Payables & Accruals
531
627
512
ST Debt
- -
- -
- -
Deferred Revenue
29
54
38

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
7.48%
12.35%
Free Cash Flow
- -
21.45%
31.55%
Net Income, GAAP
- -
38.05%
62.07%
Sales/Revenue/Turnover
- -
18.3%
18.92%
Total Cash Common Dividend
- -
12.15%
20.08%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
409
405
449
463
1,726
2025
510
513
509
521
2,052
2026
618
559
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.59
0.56
0.53
0.67
2.35
2025
0.7
0.72
0.87
1.53
3.81
2026
0.97
0.85
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.1
0.1
0.1
0.4
2025
0.12
0.12
0.12
0.12
0.48
2026
0.14
0.14
- -
- -
- -

Company Description

CEO
William E. Hult
Full Time Employees
1,613
Sector
Financial Services
Industry
Financial - Capital Markets
Address
245 Park Avenue New York City NY United States of America 10167
IPO Date
Apr 4, 2019
Business
Tradeweb Markets Inc. (Nasdaq: TW) operates an electronic trading platform for wholesale financial markets, facilitating the trading of a wide range of fixed income, derivatives, and ETF products including U.S. and European government bonds; mortgage-backed securities; investment grade, high yield, and emerging market corporate bonds; European, U.S. municipal, and Asian credit; U.S. repurchase agreements; rates derivatives including interest rate swaps and swaptions; and exchange-traded funds. The company provides institutional clients, broker-dealers, and registered investment advisors with access to its Tradeweb Direct, Institutional, and Dealerweb trading platforms, which offer advanced analytics, order management systems, execution services, and post-trade processing. Founded in 1996 and headquartered in New York, Tradeweb Markets serves clients across North America, Europe, and Asia-Pacific, operating primarily in the electronic trading segment of the capital markets industry. In recent developments, Tradeweb Markets expanded its product offerings through the acquisition of r8fin in July 2024, enhancing its analytics and portfolio management capabilities for fixed income investors, and completed the purchase of Yieldbroker in May 2024 to strengthen its presence in the Asia-Pacific rates trading market. The company also launched new ETF trading capabilities on its platform in 2024 and formed strategic partnerships, including with BlackRock to integrate additional ETF liquidity, while reporting record trading volumes amid market volatility in late 2024 and early 2025. These initiatives reflect Tradeweb's ongoing focus on product innovation, geographic expansion, and technology integration to capture growing electronic trading market share.

Company News

  • TRADEWEB STOCK ALERT: Kaskela Law LLC Announces Shareholder Investigation of Tradeweb Markets (NASDAQ: TW) and Encourages Current TW Stockholders to Contact the Firm

  • Tradeweb Exchange-Traded Funds Update - July 2026

  • Tradeweb Reports July 2026 Total Trading Volume of $67.5 Trillion and Average Daily Volume of $2.9 Trillion

  • Tradeweb Markets Inc. (TW) Q2 2026 Earnings Call Transcript

  • Here's What Key Metrics Tell Us About Tradeweb (TW) Q2 Earnings

  • Tradeweb Markets (TW) Surpasses Q2 Earnings Estimates

  • Tradeweb Reports Second Quarter 2026 Financial Results

  • Exploring Analyst Estimates for Tradeweb (TW) Q2 Earnings, Beyond Revenue and EPS

  • Tradeweb Markets (TW) Earnings Expected to Grow: Should You Buy?

  • Revisiting Stock Picks Sterling Infrastructure, Tradeweb Markets, Gold.com

  • Tradeweb Markets: The Path To At Least 65% Upside

  • Artisan Mid Cap Fund Q2 2026 Performance Review

  • Tradeweb Announces Partnership with Professional Golfer James Nicholas

  • Tradeweb Exchange-Traded Funds Update - June 2026

  • Tradeweb Reports June 2026 Total Trading Volume of $69.7 Trillion and Average Daily Volume of $3.2 Trillion

  • Strength Seen in Tradeweb (TW): Can Its 8.2% Jump Turn into More Strength?

  • Tradeweb Facilitates Landmark On-Chain U.S. Treasuries Transaction on the Canton Network

  • Here are Tuesday’s Best Wall Street Analyst Research Calls: Block, Comcast, Fortinet, Goldman Sachs, Honeywell, Klarna, Logitech, Scorpio Tankers, Trade Desk, and More

  • Tradeweb Markets Inc (TW) Stock Down 3.1% -- Now Undervalued? GF Score: 87/100

  • Tradeweb Expands Kalshi Prediction Market Data, Index into Institutional Trading Workflows