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Financial Services - Financial - Capital Markets - NASDAQ - US
$ 142.735
-0.672 %
$ 33.7 B
Market Cap
58.99
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TW stock under the worst case scenario is HIDDEN Compared to the current market price of 143 USD, Tradeweb Markets Inc. is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TW stock under the base case scenario is HIDDEN Compared to the current market price of 143 USD, Tradeweb Markets Inc. is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TW stock under the best case scenario is HIDDEN Compared to the current market price of 143 USD, Tradeweb Markets Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TW

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$150.0$150.0$145.0$145.0$140.0$140.0$135.0$135.0$130.0$130.0$125.0$125.0$120.0$120.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
1.73 B REVENUE
28.97%
678 M OPERATING INCOME
34.19%
570 M NET INCOME
35.87%
898 M OPERATING CASH FLOW
20.33%
-969 M INVESTING CASH FLOW
-630.00%
-290 M FINANCING CASH FLOW
-72.60%
510 M REVENUE
10.00%
204 M OPERATING INCOME
8.25%
168 M NET INCOME
5.23%
60.2 M OPERATING CASH FLOW
-78.65%
-14.8 M INVESTING CASH FLOW
67.99%
-83 M FINANCING CASH FLOW
-37.58%
Balance Sheet Tradeweb Markets Inc.
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Current Assets 1.69 B
Cash & Short-Term Investments 1.34 B
Receivables 298 M
Other Current Assets 55.7 M
Non-Current Assets 5.57 B
Long-Term Investments 8.09 M
PP&E 79.5 M
Other Non-Current Assets 5.49 B
18.44 %4.10 %75.48 %Total Assets$7.3b
Current Liabilities 568 M
Accounts Payable 163 M
Short-Term Debt 0
Other Current Liabilities 404 M
Non-Current Liabilities 302 M
Long-Term Debt 35.7 M
Other Non-Current Liabilities 266 M
18.77 %46.53 %4.11 %30.59 %Total Liabilities$869.1m
EFFICIENCY
Earnings Waterfall Tradeweb Markets Inc.
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Revenue 1.73 B
Cost Of Revenue 593 M
Gross Profit 1.13 B
Operating Expenses 455 M
Operating Income 678 M
Other Expenses 108 M
Net Income 570 M
2b2b2b2b1b1b1b1b1b1b800m800m600m600m400m400m200m200m002b(593m)1b(455m)678m(108m)570mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
65.66% GROSS MARGIN
65.66%
39.28% OPERATING MARGIN
39.28%
29.06% NET MARGIN
29.06%
8.65% ROE
8.65%
6.90% ROA
6.90%
7.65% ROIC
7.65%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Tradeweb Markets Inc.
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900m900m800m800m700m700m600m600m500m500m400m400m300m300m200m200m100m100m00201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 570 M
Depreciation & Amortization 220 M
Capital Expenditures -41 M
Stock-Based Compensation 89.6 M
Change in Working Capital 0
Others -6.45 M
Free Cash Flow 857 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Tradeweb Markets Inc.
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Wall Street analysts predict an average 1-year price target for TW of $135 , with forecasts ranging from a low of $108 to a high of $154 .
TW Lowest Price Target Wall Street Target
108 USD -24.34%
TW Average Price Target Wall Street Target
135 USD -5.16%
TW Highest Price Target Wall Street Target
154 USD 7.89%
Price
Max Price Target
Min Price Target
Average Price Target
160160150150140140130130120120110110100100Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.08% DIVIDEND YIELD
0.12 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.450.450.400.400.350.350.300.300.250.250.200.200.150.150.100.100.050.050.000.000.080.080.080.090.10.120.080.080.080.080.090.10.120.080.080.080.080.090.10.080.320.080.320.080.320.080.330.090.370.10.420.1220192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Tradeweb Markets Inc.
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Sold
0-3 MONTHS
3.56 M USD 5
3-6 MONTHS
5.24 M USD 5
6-9 MONTHS
4.99 M USD 2
9-12 MONTHS
7.5 M USD 5
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Tradeweb Reports April 2025 Total Trading Volume of $57.8 Trillion and Average Daily Volume of $2.7 Trillion NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of April 2025 of $57.8 trillion (tn)1. Average daily volume (ADV) for the month was $2.7tn, an increase of 38.6 percent (%) year-over-year (YoY). Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of April was up 25.9% YoY. In April 20. businesswire.com - 1 week ago
Tradeweb Markets: Betting On Market Volatility And Margins, While Leverage Risk Is Low For my initial coverage of Tradeweb Markets, I called it a strong buy, as it presented a bullish case across 6 categories I considered. A volatile macro environment, global growth, and demand for market data should drive top-line upside while strong margins fuel the bottom line. The firm has been a proven dividend grower, and its expected operating cashflow growth and no long-term debt should be favorable to direct cash to dividend growth. seekingalpha.com - 2 weeks ago
Tradeweb Markets Inc. (TW) Q1 2025 Earnings Call Transcript Tradeweb Markets Inc. (NASDAQ:TW ) Q1 2025 Earnings Conference Call April 30, 2025 9:30 AM ET Company Participants Sameer Murukutla - Managing Director, Investor Relations Billy Hult - Chief Executive Officer Sara Furber - Chief Financial Officer Conference Call Participants Chris Allen - Citi Dan Fannon - Jefferies Alex Blostein - Goldman Sachs Benjamin Budish - Barclays Jeff Schmidt - William Blair Ken Worthington - JPMorgan Michael Cyprys - Morgan Stanley Richard Fellinger - Autonomous Research Operator Good morning and welcome to Tradeweb's First Quarter 2025 Earnings Conference Call. As a reminder, today's call is being recorded and will be available for playback. seekingalpha.com - 2 weeks ago
Tradeweb (TW) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates The headline numbers for Tradeweb (TW) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 weeks ago
Tradeweb Markets (TW) Q1 Earnings and Revenues Top Estimates Tradeweb Markets (TW) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.71 per share a year ago. zacks.com - 2 weeks ago
Tradeweb Reports First Quarter 2025 Financial Results NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the quarter ended March 31, 2025. $509.7 million quarterly revenues, an increase of 24.7% (25.8% on a constant currency basis) compared to prior year period $2.5 trillion average daily volume (“ADV”) for the quarter, an increase of 33.7% compared to prior year period; quarterly ADV records in U.S. businesswire.com - 2 weeks ago
Insights Into Tradeweb (TW) Q1: Wall Street Projections for Key Metrics Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Tradeweb (TW), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025. zacks.com - 2 weeks ago
Tradeweb Markets (TW) Earnings Expected to Grow: Should You Buy? Tradeweb (TW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 3 weeks ago
BGC or TW: Which Is the Better Value Stock Right Now? Investors looking for stocks in the Financial - Investment Bank sector might want to consider either BGC Group (BGC) or Tradeweb Markets (TW). But which of these two companies is the best option for those looking for undervalued stocks? zacks.com - 4 weeks ago
Tradeweb Exchange-Traded Funds Update - March 2025 Trading activity on the Tradeweb European ETF marketplace amounted to an all-time record of EUR 82 billion in March. Equities remained the most actively-traded ETF asset class, comprising 69% of overall platform flow, with "buys" mirroring "sells". In contrast, fixed income and commodity products saw net selling by two and eight percentage points, respectively. Total consolidated U.S. ETF notional value traded in March reached USD 89 billion. seekingalpha.com - 1 month ago
Tradeweb Announces Date for First Quarter 2025 Financial Results NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, will release financial results for the first quarter of 2025 on Wednesday, April 30, 2025, at approximately 7:00 AM EDT. In addition, Tradeweb will host a conference call for investors. WHO: Billy Hult, CEO   Sara Furber, CFO   Sameer Murukutla, Managing Director, Global Investor Relations     WHAT: A discussion of financial results. businesswire.com - 1 month ago
Tradeweb Launches Portfolio Trading for European Government Bonds LONDON--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has introduced electronic portfolio trading for European government bonds, spanning UK Gilts, EUR and single currency notes. Tradeweb was also the first platform to launch portfolio trading for corporate bonds in 2019. Last year, the firm saw USD 698 billion in global portfolio trading notional volume across 9,134 tr. businesswire.com - 1 month ago
8. Profile Summary

Tradeweb Markets Inc. TW

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COUNTRY US
INDUSTRY Financial - Capital Markets
MARKET CAP $ 33.7 B
Dividend Yield 0.08%
Description 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.
Contact 1177 Avenue of the Americas, New York, NY, 10036 https://www.tradeweb.com
IPO Date April 4, 2019
Employees 1412
Officers Li Renn Tsai MD and Head of Product & Sales Mr. Justin Peterson Ph.D. Chief Technology Officer Mr. William E. Hult Chief Executive Officer & Director Mr. Enrico Bruni Managing Director & Co-Head of Global Markets Ms. Sara Hassan Furber Chief Financial Officer Fred Strobel MD & Global Head of Human Resources Ms. Amy Clack Chief Administrative Officer Mr. Douglas Friedman J.D. General Counsel & Secretary Ms. Devi Shanmugham Global Head of Compliance Mr. Troy Dixon Managing Director & Co-Head of Global Markets