Tradeweb Markets Inc.

Tradeweb Markets Inc.

TWยทNASDAQ

$100.43

+2.5%
Financial ServicesFinancial - Capital Markets

Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 45 markets across 25 currencies. It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory firms and traders with Tradeweb Direct platform. The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. Tradeweb Markets Inc. was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.

At a Glance

Live Snapshot
Market Cap$21.40B
EPS3.8100
P/E Ratio28.21
Earnings Date07/30/2026
3Y+73.0%
5Y+130.0%
10Y+317.0%
3Y+163.0%
5Y+389.0%
10Y+772.0%
3Y+85.0%
5Y+163.0%
10Y+579.0%
Tradeweb Markets Inc.

Tradeweb Markets Inc. Profit Bridge

TW ยท NASDAQ
Revenue2.05B
Cost of Goods Sold (670.83M)
Gross Profit1.38B
Operating Expenses (536.47M)
Operating Income845.12M
Interest Expense (1.94M)
Other Income/Expense329.85M
Pretax Income1.17B
Income Tax (253.47M)
Net Income812.79M
Net Income
812.79M

Profitability Analysis

Gross Margin

67.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

41.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

39.6%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

21.6%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Tradeweb Markets Inc. Income Statement

TW โ€ข NASDAQ

Tradeweb Markets Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
REVENUE
2.1B
1.7B
1.3B
1.2B
1.1B
892.7M
775.6M
657.6M
504.4M
492.2M
GROSS PROFIT
(670.8M)
(592.7M)
(460.3M)
(432.4M)
(407.3M)
(349.7M)
(329.5M)
(289.5M)
(249M)
(228.6M)
1.4B
1.1B
877.9M
756.4M
669.2M
543M
446.1M
368.1M
255.5M
263.6M
OPERATING INCOME
(536.5M)
(455.2M)
(372.6M)
(343.8M)
(310.4M)
(279.6M)
(256.3M)
(195.8M)
(166.4M)
(170.5M)
(296.1M)
(235.2M)
(562.1M)
(164.9M)
(139.1M)
(125.9M)
(117M)
(114M)
(97.8M)
(89.6M)
(0.0)
(0.0)
(55.8M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
845.1M
678M
505.3M
412.6M
358.8M
263.4M
189.8M
172.3M
89.1M
93.1M
PRE-TAX INCOME
(1.9M)
(4.3M)
(2M)
(1.8M)
(0.0)
(0.0)
(0.0)
(0.0)
(455K)
(1.3M)
66.5M
69.8M
65.4M
11.9M
0.0
0.0
2.4M
2.5M
230K
-695K
(240.4M)
(220M)
-245.2M
(178.9M)
(171.3M)
(153.8M)
(139.3M)
(81.8M)
(68.6M)
(80.9M)
329.9M
76.4M
42.7M
24.6M
11.2M
11.1M
35.5M
2.5M
685K
-695K
1.2B
754.4M
548M
437.1M
370M
274.5M
225.3M
174.8M
89.8M
92.4M
NET INCOME
(253.5M)
(184.4M)
(128.5M)
(77.5M)
(96.9M)
(56.1M)
(52.3M)
(15.3M)
(6.1M)
-725K
812.8M
501.5M
364.9M
309.3M
226.8M
166.3M
83.8M
159.5M
83.6M
93.2M

SEC Filings

TW - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 20, 2026
May 19, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 29, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 29, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 26, 2026
May 19, 2026
2026
10-K

10-K 2025 FY

FY

February 05, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
8-K

8-K 2025

N/A

January 06, 2026
December 31, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 30, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 30, 2025
October 29, 2025
2025
8-K

8-K 2025

N/A

July 30, 2025
July 30, 2025
2025
Showing 1 to 10 of 109 filings