Tradeweb Markets Inc. TW

101.09 1.35 1.35% as of 25 Sep
Market cap
$23.7B
P/E
24.1×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 44.61
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — 6 7 1 1 1 — 1 —
Insider Ownership 46.54%

Capital & Financial Ratios

Market Cap 23,670.00
Revenue 2,206.49
Net Income 1,017.53
Free Cash Flow 1,075.63
Net Debt (2,058.93)
Current Ratio 6.23
Debt/Equity 0.00
P/E ratio 24.07
P/S ratio 9.73
P/B ratio 2.93
Past 5Y EPS Growth 34.23%
This Y EPS Growth 15.82%
Next Y EPS Growth 13.85%
Next 5Y EPS Growth 14.38%
in millions of $

Dividends

Payout Ratio 0.22
Annual Dividend Rate 0.35
Annual Dividend Yield 0.40%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.59
0.14
0.14
0.14
2025 0.48
0.12
0.12
0.12
0.12
2024 0.40
0.10
0.10
0.10
0.10
2023 0.36
0.09
0.09
0.09
0.09
2022 0.32
0.08
0.08
0.08
0.08
2021 0.32
0.08
0.08
0.08
0.08
2020 0.32
0.08
0.08
0.08
0.08
2019 0.24
0.08
0.08
0.08
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 1,707 1,341 2,086 2,059
Receivables 550 290 266 321
Inventory — — — —
Other 37 55 58 55
2,294 1,686 2,410 2,435
2023 2024 2025 Q'26
Payables 58 95 184 175
ST’ Debt — — — —
Other — — — —
622 418 475 391
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 18.12% 19.97%
Cash Flow — 21.38% 22.65%
Earnings — 37.35% 37.99%
Book Value — 7.45% 9.03%

Revenue

Mar Jun Sep Dec Year
’26 618 559 — — —
’25 510 513 509 521 2,052
’24 409 405 449 463 1,726
’23 329 311 328 370 1,338
’22 311 297 287 293 1,189
’21 273 261 265 277 1,076
’20 235 212 213 233 893
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 104 394 — — —
’25 60 409 342 356 1,168
’24 38 286 292 282 898
’23 71 213 217 245 746
’22 45 178 202 208 633
’21 56 148 182 192 578
’20 (22) 186 139 140 443
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 77 367 — — —
’25 45 387 311 321 1,065
’24 21 269 275 244 809
’23 54 198 199 233 684
’22 27 163 189 193 573
’21 43 136 172 176 527
’20 (30) 175 129 127 401
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.96 0.85 — — —
’25 0.69 0.71 0.86 1.51 3.78
’24 0.59 0.55 0.53 0.66 2.33
’23 0.42 0.42 0.46 0.42 1.71
’22 0.40 0.33 0.33 0.42 1.48
’21 0.33 0.27 0.26 0.23 1.09
’20 0.25 0.16 0.19 0.28 0.88
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — 33.68 33.23 59.35 51.47 62.45 88.49 101.71

Analyst estimates 2026–2028

Powerpack
Low Price
— — — 50.48 69.06 102.33 100.25 97.18 141.69 152.65
High Price
— — 919 919 961 1,046 1,091 1,179 1,412 1,569
Employees
0 0 1 1 1 1 1 1 1 1
Revenue/Emp
492 504 658 776 893 1,076 1,189 1,338 1,726 2,052
Revenue
0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
92 90 175 225 274 370 437 548 754 1,175
EBT
18.78% 17.80% 26.58% 29.05% 30.75% 34.37% 36.77% 40.95% 43.71% 57.25%
EBT Margin
93 84 159 173 218 273 360 420 570 922
Net Income
81 69 82 139 154 171 179 185 220 250
Depreciation
3.44 3.53 4.60 5.24 4.95 5.34 5.78 6.35 8.10 9.63
Revenue/Sh
0.65 0.59 1.12 0.57 0.92 1.13 1.50 1.73 2.35 3.81
Earnings/Sh
1.20 1.57 1.94 2.10 2.46 2.87 3.08 3.54 4.21 5.48
Cash Flow/Sh
0.00 (0.28) (0.29) (0.30) (0.24) (0.25) (0.29) (0.29) (0.42) (0.48)
Capex/Sh
1.20 1.29 1.65 1.80 2.22 2.61 2.79 3.25 3.80 4.99
Free CF/Sh
7.17 0.00 31.97 31.03 27.82 26.36 26.98 28.14 30.04 33.72
Book Value/Sh
143 143 143 148 180 201 206 211 213 213
Shares
188.47 188.47 188.47 62.64 68.63 89.41 43.27 51.60 55.71 28.23
PE Ratio
11.62 11.62 11.62 8.85 12.62 18.74 11.30 14.06 16.16 11.17
PS Ratio
1.72 1.72 1.72 1.49 2.24 3.80 2.42 3.17 4.36 3.19
PB Ratio
11.14 11.14 11.14 8.28 11.76 17.86 10.26 12.80 15.39 10.17
EV/Sales
33.53 33.53 33.53 24.09 26.20 36.50 21.31 25.04 32.85 19.60
EV/FCF
172 225 277 311 443 578 633 746 898 1,168
Op' Cash Flow
(35) (41) (42) (44) (43) (51) (60) (62) (89) (103)
Capex
172 184 235 267 401 527 573 684 809 1,065
FCF
132 121 294 386 707 900 1,198 1,671 1,268 1,936
Working Cap'
29 — — 31 35 24 28 — — —
Total Debt
(296) (354) (411) (462) (792) (973) (1,258) (1,707) (1,341) (2,086)
Net Debt
1,025 0 4,572 4,593 5,019 5,309 5,546 5,931 6,399 7,189
Sh' Equity
7.06% 12.66% 6.38% 1.66% 3.09% 3.89% 5.05% 5.48% 7.00% 10.52%
ROA
0.00% 0.00% 2.59% 2.87% 3.89% 5.17% 6.01% 7.48% 8.38% 10.23%
ROIC
9.27% 8.32% 5.74% 1.83% 3.46% 4.39% 5.70% 6.36% 8.13% 11.96%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Tradeweb Markets Inc. (TW) key facts

  • Tradeweb Markets Inc. (TW) is a Capital Markets company in the Financial sector, listed on Nasdaq.
  • Tradeweb Markets Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 18.9% from fiscal 2024.
  • As of September 25, 2026, TW traded at $101.09, a market capitalization of $23.7 billion.
  • Tradeweb Markets Inc. pays an annual dividend of $0.35 per share, a yield of 0.40%, with a payout ratio of 21.5%.
  • Return on equity was 12.0% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Tradeweb Markets Inc. (TW) Latest News

News by impact score

Fine-tune

25 Sep

3

Tradeweb Markets (TW) is highlighted as a profitable stock with strong margins and growth. Founded in 1996, it operates electronic marketplaces that connect institutions for trading rates, credit, equities and money markets. TW posted 20.8% annual revenue growth over the last two years and a trailing 12-month GAAP operating margin of 43.7%, with 21% earnings-per-share growth. The stock trades near $101.16, implying about a 23.4x forward P/E. The piece notes expanding market share and asserts TW’s profitability outpaces peers, suggesting potential upside. Walmart is labeled the stock to sell, while Noble Corporation rounds out the two profitable picks. Readers are invited to view a free full research report on TW. Strong profitability and growth metrics could mildly influence sentiment and near-term valuation, but no new catalysts or regulatory changes are presented.

22 Sep

4

Tradeweb Markets announced enhancements to Tradeweb Ai-Price, its automated corporate-bond pricing engine, adding expanded data inputs, upgraded machine-learning models, and more real-time intraday pricing to improve price discovery and execution across U.S. investment-grade and high-yield bonds. Ai-Price now blends public TRACE data with Tradeweb’s datasets to generate dynamic bid and offer estimates reflecting intraday conditions and institutional trading activity, including European credit. The updates support pre-trade analytics, dealer responses, and automated workflows via AiEX, and aim to reduce manual intervention in automated execution while improving post-trade performance analysis. Coverage remains limited to investment-grade and high-yield bonds for now, with plans to extend to emerging-market bonds and additional fixed-income products. Troy Dixon, Co-Head of Global Markets, frames pricing as increasingly electronic and automated. Enhancements to Ai-Price improve real-time pricing, price discovery, and automated workflows for corporate bonds, likely boosting adoption, liquidity access, and Tradeweb's execution efficiency.

8 Sep

4

Tradeweb Markets Inc. possesses two reasons supporting explosive upside potential. Two unspecified factors signal major positive shifts in company trajectory and investor outlook.

3

Tradeweb Markets reported Q2 earnings results, prompting assessment of buy, sell or hold positions based on financial performance and market positioning. Q2 earnings update may shift near-term investor views on operations without major strategic changes.

3

Tradeweb Markets (TW) stock faces analysis over potential rebound prospects amid recent trading patterns and sector movements. Market trend review points to limited but noticeable effects on TW trajectory without major shifts.

28 Aug

4

Tradeweb Markets maintains long-term upside potential supported by its innovation track record and favorable market trends. Innovation history and market trends indicate significant positive effects on future growth and performance.

27 Aug

4

Tradeweb Markets Inc. and Virtu executed the first fully onchain repurchase agreement, demonstrating operational blockchain infrastructure for traditional repo transactions. Pioneering onchain repo execution advances Tradeweb's positioning in blockchain-enabled fixed income trading.

7 Aug

3 transcript

Tradeweb Markets Inc. (TW) held its Q2 2026 earnings call, covering financial results, revenue performance, and operational updates for the quarter. Q2 earnings call delivers financial metrics that can shift near-term investor sentiment and valuation without altering long-term strategy.

1 Aug

3

Tradeweb Markets beat earnings estimates, launched share buybacks, and initiated a new dividend payout, prompting questions on investor response. Earnings beat plus buybacks and dividend launch deliver moderate positive effects on financials and investor sentiment without fundamentally altering long-term trajectory.

30 Jul

4

Tradeweb Markets Inc reported record market share gains during its Q2 2026 earnings call. Record market share gains strengthen competitive position and support stronger future revenue growth.

4

Tradeweb Markets Inc. reported its second quarter 2026 financial results. Quarterly earnings releases directly affect valuation and trading activity for Tradeweb Markets Inc.

3

Tradeweb Markets Inc. reported Q2 earnings with analysis of key metrics covering revenue, trading volumes, margins and profitability. Q2 earnings metrics directly inform near-term financial performance and investor sentiment without indicating structural shifts.

3

Tradeweb Markets Inc. beat Q2 earnings estimates. Earnings beat provides moderately noticeable support to near-term financial perception and stock performance.

23 Jul

3

Tradeweb Markets Inc. (TW) earnings are projected to grow, prompting questions on whether to buy the stock. Expected earnings growth may moderately shift investor sentiment and near-term stock performance for Tradeweb Markets.

16 Jul

4

Tradeweb Markets integrates bond pricing data with Pyth Network to enable onchain finance applications. Partnership with Pyth opens Tradeweb access to decentralized finance and blockchain markets.

3 Jul

4

Tradeweb Markets enabled a real-time onchain treasury trade between Franklin Templeton and Virtu. Onchain treasury trading marks a major product innovation likely to shift competitive positioning and investor sentiment for Tradeweb.

1 Jul

4

Tradeweb Markets Inc. executed an onchain U.S. Treasury transaction on the Canton Network. Onchain U.S. Treasury transaction on Canton Network advances Tradeweb blockchain capabilities with potential to shift fixed-income trading dynamics.

26 Jun

4

Tradeweb Markets launches new AI and event-driven tools to strengthen its data moat strategy. New AI and event-driven tools mark major strategic product innovation with potential to significantly strengthen Tradeweb's competitive position.

24 Jun

3

Tradeweb integrates Kalshi prediction market data and indices into institutional trading workflows. Expansion adds prediction market data to Tradeweb institutional platforms and creates incremental product reach.

23 Jun

3

Tradeweb Markets Inc. launches spread trading for European credit portfolios. New spread trading feature expands European credit market access and client offerings.

16 Jun

4

Tradeweb Markets (TW) stock may be 24.6% undervalued following the TARA launch. TARA launch represents a major strategic move likely to significantly boost Tradeweb's competitive position and investor appeal.

15 Jun

4

Tradeweb Markets Inc. launches TARA, an AI-powered research assistant for institutional credit trading. AI product launch strengthens Tradeweb's trading platform capabilities and competitive positioning in credit markets.

12 Jun

3

BofA Securities states MarketAxess will gain from abating competition and reaccelerating electronic trading volumes. Analyst note on easing competition for MarketAxess signals moderate pressure on Tradeweb positioning and sector dynamics.

5 Jun

3

Tradeweb Markets Inc. saw gains from heightened market volatility boosting trading activity. Heightened volatility directly lifts Tradeweb trading volumes and revenues.

4 Jun

3

Tradeweb Markets recorded a surge in trading volumes during May, raising questions over whether this development strengthens the bullish outlook for the company's growth and stock performance. May volume increase may lift near-term revenue and sentiment for Tradeweb but lacks evidence of lasting strategic or competitive shifts.

14 May

4

Tradeweb Markets (TW) reported record trading volumes, strengthening the bull case, as Artisan Partners disclosed a new stake in the company. Record volumes highlight robust operational growth while Artisan’s stake boosts institutional investor confidence and market sentiment.

13 May

3

BlockBooster joins Canton Foundation as official member, alongside DTCC, Euroclear, BNP Paribas, and HSBC. BlockBooster's membership alongside DTCC, Euroclear, and major banks bolsters Tradeweb's positioning in blockchain financial infrastructure and potential product innovation.

12 May

4

Wall Street integrates blockchain into the $13 trillion repo market via Tradeweb Markets Inc., aiming to streamline trading in this massive sector dominated by electronic platforms. Blockchain deployment in the $13 trillion repo market bolsters Tradeweb's role as a leading electronic trading platform, driving significant growth and competitive advantage.

6 May

3

Tradeweb Markets Inc. (TW) reported April 2026 total trading volume of $62.2 trillion and average daily volume of $2.9 trillion. Monthly trading volumes are key operational metrics that influence Tradeweb's revenue and investor sentiment.

29 Apr

4

Tradeweb Markets Inc. released Q1 2026 earnings call summary highlighting financial results, revenue growth, trading volumes, and forward-looking guidance. Q1 2026 earnings details and guidance directly shape investor sentiment and stock trajectory.

stockrow.com/TW · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com