Tradeweb Markets Inc. TW R3KFINANCIAL
Company Overview
Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally. The company offers marketplaces that facilitate trading products across various asset classes, including rates, credit, equities, and money markets. It also provides pre-trade data and analytics, such as AI-Price, SNAP+, iNAV for ETFs, integrations, and LSEG market data; and trade execution comprising request-for-quote, request-for-market, request-for-stream, list trading, compression, blast all-to-all, click-to-trade, portfolio trading, session-based, central limit order book, bilateral firm streams, inventory-based, rematch, voice, futures vs. cash spreading, and dealer algorithmic suite. In addition, the company offers trade processing; and post-trade data, analytics, and reporting, which include transaction cost analysis, benchmark prices, and APA. It serves institutional, wholesale, retail, and corporate clients, such as asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, regional dealers, and corporations. The company was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.
Why Investors Should Care
Net profit has compounded at 57.5% per year over the last five years.
Revenue has grown at a 24.1% CAGR over the past five years.
Maintains a net profit margin of 40.7%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $2.05B (+18.9% YoY); net profit $812.79M.
- Trailing 12 Months Year-on-year growth — revenue +9.0%, earnings +19.7%.
- 5-Year Trend Long-term compounding — revenue CAGR 24.1%, profit CAGR 57.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 24.06% |
| 1 Year: | 9.00% |
Compounded Profit Growth
| 5 Years: | 57.54% |
| 1 Year: | 19.70% |
Stock Price Performance
| 1 Year: | -20.82% |
| 6 Months: | -18.40% |
| 3 Months: | +4.94% |
| 1 Month: | +0.50% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)45.36 · Neutral
P/E of 24.58 is above the sector median of 12.89 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 40.7%.
- Compounding revenue at 24.1% over 5 years.
- Profit CAGR of 57.5% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TW Tradeweb Markets Inc. R3KFINANCIAL | 103.00 | 24.58 | $11.95B | 0.55% | 11.08% | 14.47% | 24.06% | 57.54% |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 353.51 | 15.15 | $939.70B | 1.72% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 505.83 | 12.72 | $712.23B | 0.00% | - | 12.12% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 368.64 | 31.35 | $628.20B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 570.89 | 31.44 | $496.37B | 0.62% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.39 | 14.41 | $436.28B | 2.04% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 757,791.00 | 12.71 | $370.14B | 0.00% | - | 12.12% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 106.26 | 15.18 | $363.70B | 3.65% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 216.24 | 17.48 | $339.62B | 2.26% | - | 17.97% | 3.76% | 9.66% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 165.25M | 178.64M | 186.79M | 190.49M | 200.98M | 197.31M | 234.61M | 212.11M | 212.87M | 233.08M | 273.40M | 260.84M | 265.32M | 311.49M | 297.14M | 287.12M | 329.25M | 310.61M | 328.36M | 408.74M | 404.95M | 448.92M | - | 509.68M | 512.97M | 508.60M | 521.18M | 617.76M | 558.95M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 169.69M | 164.99M | 159.27M | 197.79M | 172.46M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 343.28M | 343.61M | 361.92M | 419.97M | 386.48M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 143.43M | 133.23M | 131.12M | 132.72M | 141.22M |
| Operating Income | 52.82M | 31.93M | 46.28M | 30.95M | 58.26M | 54.33M | 77.61M | 55.64M | 58.52M | 71.58M | 98.33M | 83.79M | 85.53M | 111.60M | 106.61M | 102.81M | 122.57M | 116.33M | 124.74M | 167.68M | 162.49M | 159.32M | - | 204.10M | 199.85M | 210.37M | 230.80M | 287.25M | 245.26M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 290.54M | 334.49M | 517.21M | 364.26M | 332.18M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 429.00K | 522.00K | 403.00K | 624.00K | 505.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 227.06M | 269.62M | 456.71M | 302.92M | 270.19M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 51.54M | 59.07M | 89.59M | 69.76M | 63.50M |
| Net Income | - | - | - | 12.83M | 29.61M | 41.33M | 43.93M | 30.50M | 36.81M | 55.06M | 67.86M | 55.32M | 54.76M | 82.97M | 68.34M | 69.08M | 87.86M | 89.08M | 98.61M | 126.14M | 119.24M | 113.92M | - | 148.38M | 153.78M | 185.64M | 324.99M | 205.28M | 181.32M |
| Diluted EPS | - | 0.13 | 0.19 | 0.09 | 0.20 | 0.25 | 0.25 | 0.16 | 0.19 | 0.28 | 0.33 | 0.27 | 0.26 | 0.40 | 0.33 | 0.33 | 0.42 | 0.42 | 0.46 | 0.59 | 0.55 | 0.53 | - | 0.69 | 0.71 | 0.86 | 1.51 | 0.96 | 0.85 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 562.97M | 775.57M | 892.66M | - | 1.19B | 1.34B | 1.73B | 2.05B |
| Cost of Revenue | - | - | - | - | 432.42M | 460.31M | 592.69M | 670.83M |
| Gross Profit | - | - | - | - | 756.36M | 877.91M | 1.13B | 1.38B |
| Operating Expenses | - | - | - | - | 330.13M | 382.16M | 447.50M | 536.47M |
| Operating Income | 89.09M | 189.82M | 263.36M | - | 426.23M | 495.75M | 685.76M | 845.12M |
| EBITDA | - | - | - | - | 617.82M | 735.38M | 978.68M | 1.43B |
| Interest Expense | - | - | - | - | 1.80M | 2.05M | 4.28M | 1.94M |
| Pretax Income | - | - | - | - | 437.13M | 547.98M | 754.40M | 1.17B |
| Tax Provision | - | - | - | - | 77.52M | 128.48M | 184.44M | 253.47M |
| Net Income | - | 83.77M | 166.30M | - | 309.34M | 364.87M | 501.51M | 812.79M |
| Diluted EPS | - | 0.54 | 0.88 | - | 1.48 | 1.71 | 2.33 | 3.78 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 5.00B | - | 5.10B | 5.68B | - | 6.26B | 7.06B | 7.27B | 8.19B |
| Current Assets | - | - | - | - | - | 1.44B | 2.29B | 1.69B | 2.42B |
| Cash & Equivalents | 410.10M | - | 460.71M | 791.28M | - | 1.26B | 1.71B | 1.34B | 2.08B |
| Inventory | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | 154.31M | 549.59M | 290.07M | 266.48M |
| Total Liabilities | 410.63M | - | 502.59M | 660.69M | - | 713.82M | 1.13B | 869.11M | 1.00B |
| Current Liabilities | - | - | - | - | - | 513.74M | 893.96M | 567.51M | 559.97M |
| Long Term Debt | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | 27.94M | 27.46M | 35.75M | 139.17M |
| Total Equity | 4.57B | 4.60B | 3.38B | 4.30B | - | 4.95B | 5.37B | 5.80B | 6.51B |
| Shares Outstanding | - | - | - | - | - | 207.68M | 212.02M | 212.91M | 212.44M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 224.58M | 311.00M | 443.23M | - | 632.82M | 746.09M | 897.74M | 1.17B |
| Investing Cash Flow | -45.55M | -44.46M | -62.54M | - | -60.10M | -132.76M | -969.19M | -126.53M |
| Financing Cash Flow | -153.46M | -218.14M | -52.69M | - | -276.70M | -168.17M | -290.26M | -307.48M |
| Capital Expenditure | -13.46M | -15.78M | -11.49M | - | -60.10M | -61.76M | -88.87M | -103.09M |
| Free Cash Flow | 211.12M | 295.22M | 431.74M | - | 572.73M | 684.33M | 808.87M | 1.06B |
| Net Change in Cash | - | - | - | - | 296.02M | 445.15M | -361.71M | 733.64M |
| Share Buybacks | - | 0 | 0 | 75.68M | 99.32M | 35.20M | 59.05M | 104.17M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2017 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 63.6% | 65.6% | 65.7% | 67.3% |
| Operating Margin % | 15.8% | 24.5% | 29.5% | - | 35.9% | 37.0% | 39.7% | 41.2% |
| Net Margin % | - | 10.8% | 18.6% | - | 26.0% | 27.3% | 29.1% | 39.6% |
| ROE % | - | 2.5% | 3.9% | - | 6.2% | 6.8% | 8.6% | 12.5% |
| ROCE % | - | - | - | - | 7.4% | 8.0% | 10.2% | 11.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Price (T.Rowe) Associates Inc | 14.36% | 16.38M | $1.70B |
| 2 | Blackrock Inc. | 6.04% | 6.88M | $715.55M |
| 3 | Wellington Management Group, LLP | 5.44% | 6.20M | $645.04M |
| 4 | Vanguard Portfolio Management LLC | 5.31% | 6.06M | $629.81M |
| 5 | Vanguard Capital Management LLC | 4.59% | 5.24M | $544.70M |
| 6 | Carmignac Gestion | 3.40% | 3.88M | $403.07M |
| 7 | T. Rowe Price Investment Management, Inc. | 2.89% | 3.30M | $343.21M |
| 8 | State Street Corporation | 2.46% | 2.81M | $291.93M |
| 9 | AQR Capital Management, LLC | 2.44% | 2.79M | $289.86M |
| 10 | Grantham, Mayo, Van Otterloo & Co. LLC | 2.34% | 2.66M | $276.93M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for TW
2 Reasons TW Has Explosive Upside Potential - finance.yahoo.com
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A Look at Tradeweb Markets Inc (TW) After 3.0% Decline -- GF Val - gurufocus.com
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Trading in contracts tied to credit risk jumped 51.4% at Tradeweb in August - Stock Titan
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Tradeweb Markets (TW): Buy, Sell, or Hold Post Q2 Earnings? - StockStory
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2 Reasons TW Has Explosive Upside Potential - tradingview.com
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Is Tradeweb Markets (TW) Set for a Rebound? - finance.yahoo.com
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TW — Frequently Asked Questions
What is the current share price of Tradeweb Markets Inc. (TW)?
As of 2026-09-19 21:16 PDT, Tradeweb Markets Inc. (TW) trades at $103.00 on NasdaqGS. Its 52-week range is $91.38 to $130.08.
What is the market capitalisation of TW?
Tradeweb Markets Inc. (TW) has a market capitalisation of $11.95B on NasdaqGS.
What is the P/E ratio of TW?
TW trades at a trailing price-to-earnings (P/E) ratio of 24.58. The industry average P/E is 12.89. Its price-to-book (P/B) ratio is 3.34.
Does TW pay a dividend?
Tradeweb Markets Inc. (TW) currently offers a dividend yield of 0.55%.
What is the return on equity (ROE) of TW?
TW has a return on equity (ROE) of 14.47%. Its return on capital employed (ROCE) is 11.08%.
Is TW a good stock to buy?
This page provides a data-driven analysis of Tradeweb Markets Inc. (TW), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.