tradeweb markets inc. - TW

TW

Close Chg Chg %
100.60 1.93 1.92%

Closed Market

102.53

+1.93 (1.92%)

Volume: 2.37M

Last Updated:

Jun 5, 2026, 4:00 PM EDT

Company Overview: tradeweb markets inc. - TW

TW Key Data

Open

$101.59

Day Range

101.33 - 103.38

52 Week Range

94.25 - 147.49

Market Cap

$21.42B

Shares Outstanding

212.97M

Public Float

115.58M

Beta

0.62

Rev. Per Employee

N/A

P/E Ratio

24.83

EPS

$4.08

Yield

49.70%

Dividend

$0.14

EX-DIVIDEND DATE

Jun 1, 2026

SHORT INTEREST

N/A

AVERAGE VOLUME

1.84M

 

TW Performance

1 Week
 
2.27%
 
1 Month
 
-5.77%
 
3 Months
 
-17.71%
 
1 Year
 
-26.79%
 
5 Years
 
24.64%
 

TW Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 16
Full Ratings ➔

About tradeweb markets inc. - TW

Tradeweb Markets, Inc. engages in the operation of electronic marketplaces for the trading of products across the rates, credit, money markets, and equities of asset classes. It also provides related pre-trade pricing and post-trade processing services. Its network consists of clients across the institutional, wholesale, and retail client sectors, including global asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, and retail brokerage and financial advisory firms, as well as regional dealers. The company was founded by Lee Olesky in 1996 and is headquartered in New York, NY.

TW At a Glance

Tradeweb Markets, Inc.
245 Park Avenue
New York, New York 10167
Phone 1-646-430-6000 Revenue 2.05B
Industry Investment Banks/Brokers Net Income 812.16M
Sector Finance 2025 Sales Growth 18.916%
Fiscal Year-end 12 / 2026 Employees 1,569
View SEC Filings

TW Valuation

P/E Current 24.828
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 28.455
Price to Sales Ratio 11.26
Price to Book Ratio 3.51
Price to Cash Flow Ratio 19.79
Enterprise Value to EBITDA 20.278
Enterprise Value to Sales 10.644
Total Debt to Enterprise Value 0.006

TW Efficiency

Revenue/Employee 1,308,112.811
Income Per Employee 517,626.514
Receivables Turnover 7.702
Total Asset Turnover 0.266

TW Liquidity

Current Ratio 5.079
Quick Ratio 5.079
Cash Ratio 4.395

TW Profitability

Gross Margin 87.81
Operating Margin 40.299
Pretax Margin 57.248
Net Margin 39.57
Return on Assets 10.508
Return on Equity 13.197
Return on Total Capital 12.219
Return on Invested Capital 13.012

TW Capital Structure

Total Debt to Total Equity 2.138
Total Debt to Total Capital 2.094
Total Debt to Total Assets 1.699
Long-Term Debt to Equity 2.138
Long-Term Debt to Total Capital 2.094
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Tradeweb Markets Inc. - TW

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
1.19B 1.34B 1.73B 2.05B
Sales Growth
+10.44% +12.57% +28.97% +18.92%
Cost of Goods Sold (COGS) incl D&A
178.88M 185.35M 220.00M 250.19M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
178.88M 185.35M 220.00M 250.19M
Depreciation
19.50M 21.30M 22.70M 25.60M
Amortization of Intangibles
159.38M 164.05M 197.30M 224.59M
COGS Growth
+4.42% +3.62% +18.69% +13.72%
Gross Income
1.01B 1.15B 1.51B 1.80B
Gross Income Growth
+11.57% +14.16% +30.63% +19.67%
Gross Profit Margin
+84.95% +86.15% +87.25% +87.81%
2022 2023 2024 2025 5-year trend
SG&A Expense
601.13M 638.75M 785.63M 984.93M
Research & Development
- - - -
-
Other SG&A
601.13M 638.75M 785.63M 984.93M
SGA Growth
+9.25% +6.26% +23.00% +25.37%
Other Operating Expense
- - (7.73M) (9.79M)
-
Unusual Expense
(16.45M) 18.06M 37.79M (238.75M)
EBIT after Unusual Expense
425.23M 496.06M 690.26M 1.07B
Non Operating Income/Expense
11.91M 51.92M 68.42M 111.06M
Non-Operating Interest Income
11.91M 65.35M 74.04M 68.41M
Equity in Earnings of Affiliates
- - - (528.00K)
-
Interest Expense
- - 4.28M 1.94M
-
Interest Expense Growth
- - - -54.64%
-
Gross Interest Expense
- - 4.28M 1.94M
-
Interest Capitalized
- - - -
-
Pretax Income
437.13M 547.98M 754.40M 1.17B
Pretax Income Growth
+18.15% +25.36% +37.67% +55.75%
Pretax Margin
+36.77% +40.95% +43.71% +57.25%
Income Tax
77.52M 128.48M 184.44M 253.47M
Income Tax - Current - Domestic
23.50M 35.92M 137.72M 148.72M
Income Tax - Current - Foreign
1.15M 2.67M 14.41M 12.44M
Income Tax - Deferred - Domestic
55.21M 88.97M 30.08M 94.17M
Income Tax - Deferred - Foreign
(2.34M) 925.00K 2.24M (1.85M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - (528.00K)
-
Other After Tax Income (Expense)
(244.00K) (467.00K) (389.00K) (636.00K)
Consolidated Net Income
359.37M 419.04M 569.57M 920.86M
Minority Interest Expense
50.27M 54.64M 68.46M 108.71M
Net Income
309.09M 364.40M 501.12M 812.16M
Net Income Growth
+36.27% +17.89% +37.52% +62.07%
Net Margin Growth
+26.00% +27.23% +29.03% +39.57%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
309.09M 364.40M 501.12M 812.16M
Preferred Dividends
- - - -
-
Net Income Available to Common
309.09M 364.40M 501.12M 812.16M
EPS (Basic)
1.5036 1.7287 2.3523 3.8091
EPS (Basic) Growth
+33.51% +14.97% +36.07% +61.93%
Basic Shares Outstanding
205.58M 210.80M 213.03M 213.21M
EPS (Diluted)
1.4832 1.7135 2.3316 3.7793
EPS (Diluted) Growth
+35.53% +15.53% +36.07% +62.09%
Diluted Shares Outstanding
208.40M 212.67M 214.92M 214.90M
EBITDA
587.65M 699.47M 948.05M 1.08B
EBITDA Growth
+11.68% +19.03% +35.54% +13.63%
EBITDA Margin
+49.43% +52.27% +54.93% +52.49%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 137.214
Number of Ratings 16 Current Quarters Estimate 0.961
FY Report Date 06 / 2026 Current Year's Estimate 4.049
Last Quarter’s Earnings 1.08 Median PE on CY Estimate N/A
Year Ago Earnings 3.47 Next Fiscal Year Estimate 4.568
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 13 13 15 15
Mean Estimate 0.96 0.99 4.05 4.57
High Estimates 1.02 1.09 4.24 5.10
Low Estimate 0.89 0.94 3.90 4.30
Coefficient of Variance 3.97 4.41 2.67 4.70

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 6 6 6
OVERWEIGHT 2 2 1
HOLD 8 8 8
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Tradeweb Markets Inc. - TW

Date Name Shares Transaction Value
Mar 6, 2026 William Hult Chief Executive Officer; Director 199,188 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $20.59 per share 4,101,280.92
Mar 6, 2026 William Hult Chief Executive Officer; Director 126,738 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $125.62 per share 15,920,827.56
Mar 6, 2026 William Hult Chief Executive Officer; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 24, 2026 Enrico Bruni MD, Co-Head of Global Markets 102,319 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $119.27 per share 12,203,587.13

Tradeweb Markets Inc. in the News