Tradeweb Markets Inc.

Tradeweb Markets Inc.

TW
Tradeweb Markets Inc.US flagNASDAQ Global Select
100.43
USD
+2.45
- -
21.40BMarket 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
10.14
Basic EPS, GAAP
0.41
0.37
1.29
0.57
0.92
1.13
1.5
1.73
2.35
3.81
4.08
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
5.46
Dividend per Share
0.57
0.67
1.42
1.05
0.32
0.32
0.32
0.36
0.4
0.48
0.5
Book Value per Share
- -
4.4
- -
0.32
0.86
1.2
1.88
3.04
4.68
7.51
8.1
Tangible Book Value per Share
- -
0.7
2.64
3
5.4
5.92
7.55
9.39
7.84
12.29
13.03
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
2,161
Operating Margin (%)
18.92
17.66
26.2
28.75
30.78
34.52
35.85
37.05
39.73
41.18
42.97
Depreciation Expense
81
69
82
139
154
171
179
185
220
250
248
Net Income, GAAP
93
84
159
84
166
227
309
365
502
813
870
Effective Tax Rate (%)
- -
6.83
8.76
23.21
20.43
26.18
17.73
23.45
24.45
21.57
21.49
Profit Margin (%)
18.93
16.58
24.25
10.8
18.63
21.07
26.02
27.27
29.06
39.6
40.25
Working Capital
- -
211
417
267
432
646
925
1,400
1,127
1,859
1,800
LT Debt
- -
- -
- -
31
34
24
28
27
36
139
143
Total Equity
- -
986
4,572
4,593
5,019
5,309
5,546
5,931
6,399
7,189
7,310
Return on Invested Capital (%)
- -
17.31
5.72
3.64
4.24
4.9
5.97
6.11
7.84
9.16
9.89
Return on Capital (%)
- -
16.73
31.9
5.7
10.39
19.66
26.9
27.93
30.54
34.82
34.95
Return on Common Equity (%)
- -
16.73
31.9
350.23
163.13
113.79
98.32
71.05
61.27
62.58
61.13

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
136
139
143
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
213
212
213
Market Capitalization
23,662
22,929
25,075

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,337
2,419
2,481
Cash, Cash Equivalents & STI
1,908
2,085
1,937
Accounts Receivable, Net
363
266
482
Inventories
- -
- -
- -
Total Current Liabilities
670
560
681
Payables & Accruals
634
531
627
ST Debt
- -
- -
- -
Deferred Revenue
36
29
54

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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -

Company Description

APIChat
CEO
William E. Hult
Full Time Employees
1,412
Sector
Financial Services
Industry
Financial - Capital Markets
Address
1177 Avenue of the Americas New York City NY United States of America 10036
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

APIChat
  • Tradeweb Markets Inc. (TW) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript

  • Tradeweb to Participate in 46th Annual William Blair Growth Stock Conference and Piper Sandler Global Exchange & Trading Conference

  • Tradeweb to Participate in 46th Annual William Blair Growth Stock Conference and Piper Sandler Global Exchange & Trading Conference

  • Kaskela Law LLC Announces Investigation of Tradeweb Markets Inc. (TW) and Encourages Long-Term TW Shareholders to Contact the Firm

  • Tradeweb Markets Inc (TW) Shares Fall 3.7% -- What GF Score of 82 Tells Investors

  • Trading Platform Face-Off: Should Investors Buy Robinhood or Tradeweb?

  • Tradeweb Exchange-Traded Funds Update - April 2026

  • Is Tradeweb A 'Buy' Following Q1 2026 Earnings?

  • Tradeweb Reports April 2026 Total Trading Volume of $62.2 Trillion and Average Daily Volume of $2.9 Trillion

  • Tradeweb Markets Inc. (TW) Q1 2026 Earnings Call Transcript

  • Here's What Key Metrics Tell Us About Tradeweb (TW) Q1 Earnings

  • Tradeweb Markets (TW) Q1 Earnings and Revenues Top Estimates

  • Tradeweb Reports First Quarter 2026 Financial Results

  • Tradeweb Markets (TW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

  • Tradeweb Expands iNAV Coverage with Xtrackers by DWS

  • TRADEWEB: Kaskela Law Firm Announces Investigation of Tradeweb Markets Inc. (TW) and Encourages Shareholders to Contact the Firm

  • Geopolitical Risk Concerns Surge for Corporate Treasurers, According to 2026 Tradeweb ICD Portal Client Survey

  • Tradeweb Exchange-Traded Funds Update - March 2026

  • TD Cowen Downgrades Tradeweb to Hold: Is the Fixed Income Trading Platform Running Out of Momentum?

  • Tradeweb Reports Record March 2026 Total Trading Volume of $87.0 Trillion and Record Average Daily Volume of $3.8 Trillion