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Tradeweb Markets(NASDAQ) TW

Market Cap$21.26BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2019)+188%
5 Year+19%
1 Year-26%
1 Month+9%
$102.00
+2.17%
+2.17Today
Tradeweb Markets last closing stock price
MetricPriceDate
Last closeUSD 102.022026-07-27
Tradeweb Markets stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.49%USD 100.522026-07-20
1 month+9.08%USD 93.522026-06-26
3 month-9.08%USD 112.202026-04-28
Year to date-4.9%USD 107.272025-12-31
1 year-26.27%USD 138.372025-07-25
3 year+24.86%USD 81.702023-07-28
5 year+19.47%USD 85.392021-07-28
Since inception+188.4%USD 34.612019-04-04

Tradeweb Markets Financials at a Glance

Market Cap

$21.26BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.16B

Net Income (TTM)

$869.69M

EPS (TTM)

$4.05

P/E Ratio

24.64

Dividend

$0.52

Beta (Volatility)

0.61 (Low)

Price

$102.00

Volume

26,569

Open

$100.98

Previous Close

$102.00

Daily Range

$100.93 - $102.34

52-Week Range

$91.42 - $147.49

Estimated Earnings Date

Jul 30, 2026

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About Tradeweb Markets

Tradeweb helps banks, asset managers, and companies buy and sell bonds and other securities online. Its platforms make trading faster, more transparent, and less costly for financial professionals. For example, a pension fund can compare prices and complete trades in seconds instead of hours.

Products and Services

  • Rates Trading (52.4%): Online trading of government bonds, mortgage-backed securities, and interest rate swaps for institutional clients.
  • Credit Trading (26.6%): Electronic markets for corporate bonds, municipal bonds, and credit derivatives, serving asset managers and banks.
  • Equities (6.0%): Trading of exchange-traded funds (ETFs) and equity derivatives for global investors.
  • Money Markets (6.7%): Platforms for short-term investments like repurchase agreements and commercial paper, used by corporate treasuries and banks.
  • Market Data (6.8%): Subscription-based access to pricing, analytics, and reporting tools for financial institutions.

Growth and Expansion

  • Acquired Yieldbroker in 2023, r8fin in January 2024, and ICD in August 2024 to expand product offerings and client base.
  • Formed partnerships with LSEG, FTSE Russell, and BlackRock for data, pricing, and technology integration.
  • Launched new trading protocols and data products, including portfolio trading and U.S. Treasury closing prices, between 2023 and 2024.
  • Opened offices in Dubai, Sao Paulo, Mumbai, and Milan since 2023, and obtained a regulatory license in Saudi Arabia.
  • Invested in digital asset and blockchain projects with partners like Goldman Sachs and Alphaledger since 2023.

What Makes Tradeweb Stand Out

Tradeweb connects over 3,000 clients in 85 countries, offering access to deep pools of liquidity. Its proprietary technology supports multiple asset classes and trading methods, integrating with client systems for efficient processing. The company’s data and analytics tools help clients make informed decisions and meet regulatory requirements.

Five Things You Need to Know

  • Revenue was $509 million in Q3 2025, up 13.3% from Q3 2024.
  • Operating income reached $210 million in Q3 2025, up 32.0% year-over-year.
  • Net income was $186 million in Q3 2025, up 63.0% from Q3 2024.
  • Cash flow from operations was $342 million in Q3 2025, up 17.2% year-over-year.

Bottom Line

Tradeweb has grown by expanding its product range, acquiring new businesses, and entering global markets. Its technology-driven approach and broad client network support its position in electronic trading.

AI Generated • Apr 16, 2026

Industry

Capital Markets

Employees

1,598

CEO

William Hult

Headquarters

New York City, NY 10036, US

TW Financials

Key Financial Metrics (TTM)

Gross Margin

67.98%

Operating Margin

42.97%

Net Income Margin

40.25%

Return on Equity

13.64%

Return on Capital

12.45%

Return on Assets

10.48%

Earnings Yield

4.06%

Dividend Yield

0.52%

Payout Ratio

12.25%

Stock Overview

Market Cap

$21.26BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

212.97M

Volume

26.57K

Avg. Volume

1.69M

Financials (TTM)

Gross Profit

$1.47B

Operating Income

$928.28M

EBITDA

$1.51B

Operating Cash Flow

$1.21B

Capital Expenditure

-$81.28M

Free Cash Flow

$1.13B

Cash & ST Invst.

$1.94B

Total Debt

$142.83M

Tradeweb Markets Performance Analysis

Tradeweb Markets annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,188,781,00010.4%
20232023-12-31USD 1,338,219,00012.6%
20242024-12-31USD 1,725,949,00029.0%
20252025-12-31USD 2,052,429,00018.9%
Tradeweb Markets sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-300.6%
Q32025-09-30-0.9%
Q42025-12-312.5%
Q12026-03-3118.5%
Tradeweb Markets annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.4835.5%
20232023-12-31USD 1.7115.5%
20242024-12-31USD 2.3336.1%
20252025-12-31USD 3.7862.1%
Tradeweb Markets sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-302.9%
Q32025-09-3021.1%
Q42025-12-3175.6%
Q12026-03-31-36.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$617.76M

+21.2%

Gross Profit

$419.97M

+26.2%

Gross Margin

67.98%

N/A

Market Cap

$21.26BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$13.30M

N/A

Employees

1,598

N/A

Net Income

$205.28M

+38.3%

EBITDA

$364.26M

+27.9%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$1.94B

+48.2%

Total Debt

$142.83M

+342.6%

Accounts Receivable

$485.49M

+19.2%

Inventory

$0.00

N/A

Long Term Debt

$142.83M

+342.6%

Short Term Debt

$0.00

N/A

Return on Assets

10.48%

N/A

Return on Invested Capital

12.19%

N/A

Free Cash Flow

$94.23M

+60.9%

Operating Cash Flow

$103.83M

+72.5%

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Questions About TW

What is the current price of Tradeweb Markets?

Tradeweb Markets is trading at $102.00 per share.

What is the 52-week range for Tradeweb Markets?

Over the past 52 weeks, Tradeweb Markets has traded between $91.42 and $147.49.

How much debt does Tradeweb Markets have?

As of the most recent reporting period, Tradeweb Markets reported total debt of $142.83M.

How much cash does Tradeweb Markets have on hand?

Tradeweb Markets reported $1.94B in cash and cash equivalents in its most recent financial results.

What is Tradeweb Markets’s dividend yield?

Tradeweb Markets currently has a dividend yield of 0.52%.

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