Tradeweb Markets Inc. TW
- Market cap
- $23.7B
- P/E
- 24.1×
Follow TW
Target Price Range
Analyst price targets
Free account| 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
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| — | — | — | 50.48 | 69.06 | 102.33 | 100.25 | 97.18 | 141.69 | 152.65 |
High Price
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| — | — | 919 | 919 | 961 | 1,046 | 1,091 | 1,179 | 1,412 | 1,569 |
Employees
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| 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
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| 492 | 504 | 658 | 776 | 893 | 1,076 | 1,189 | 1,338 | 1,726 | 2,052 |
Revenue
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| 0.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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| 92 | 90 | 175 | 225 | 274 | 370 | 437 | 548 | 754 | 1,175 |
EBT
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| 18.78% | 17.80% | 26.58% | 29.05% | 30.75% | 34.37% | 36.77% | 40.95% | 43.71% | 57.25% |
EBT Margin
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| 93 | 84 | 159 | 173 | 218 | 273 | 360 | 420 | 570 | 922 |
Net Income
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| 81 | 69 | 82 | 139 | 154 | 171 | 179 | 185 | 220 | 250 |
Depreciation
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| 3.44 | 3.53 | 4.60 | 5.24 | 4.95 | 5.34 | 5.78 | 6.35 | 8.10 | 9.63 |
Revenue/Sh
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| 0.65 | 0.59 | 1.12 | 0.57 | 0.92 | 1.13 | 1.50 | 1.73 | 2.35 | 3.81 |
Earnings/Sh
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| 1.20 | 1.57 | 1.94 | 2.10 | 2.46 | 2.87 | 3.08 | 3.54 | 4.21 | 5.48 |
Cash Flow/Sh
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| 0.00 | (0.28) | (0.29) | (0.30) | (0.24) | (0.25) | (0.29) | (0.29) | (0.42) | (0.48) |
Capex/Sh
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| 1.20 | 1.29 | 1.65 | 1.80 | 2.22 | 2.61 | 2.79 | 3.25 | 3.80 | 4.99 |
Free CF/Sh
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| 7.17 | 0.00 | 31.97 | 31.03 | 27.82 | 26.36 | 26.98 | 28.14 | 30.04 | 33.72 |
Book Value/Sh
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| 143 | 143 | 143 | 148 | 180 | 201 | 206 | 211 | 213 | 213 |
Shares
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| 188.47 | 188.47 | 188.47 | 62.64 | 68.63 | 89.41 | 43.27 | 51.60 | 55.71 | 28.23 |
PE Ratio
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| 11.62 | 11.62 | 11.62 | 8.85 | 12.62 | 18.74 | 11.30 | 14.06 | 16.16 | 11.17 |
PS Ratio
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| 1.72 | 1.72 | 1.72 | 1.49 | 2.24 | 3.80 | 2.42 | 3.17 | 4.36 | 3.19 |
PB Ratio
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| 11.14 | 11.14 | 11.14 | 8.28 | 11.76 | 17.86 | 10.26 | 12.80 | 15.39 | 10.17 |
EV/Sales
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| 33.53 | 33.53 | 33.53 | 24.09 | 26.20 | 36.50 | 21.31 | 25.04 | 32.85 | 19.60 |
EV/FCF
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| 172 | 225 | 277 | 311 | 443 | 578 | 633 | 746 | 898 | 1,168 |
Op' Cash Flow
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| (35) | (41) | (42) | (44) | (43) | (51) | (60) | (62) | (89) | (103) |
Capex
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| 172 | 184 | 235 | 267 | 401 | 527 | 573 | 684 | 809 | 1,065 |
FCF
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| 132 | 121 | 294 | 386 | 707 | 900 | 1,198 | 1,671 | 1,268 | 1,936 |
Working Cap'
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| 29 | — | — | 31 | 35 | 24 | 28 | — | — | — |
Total Debt
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| (296) | (354) | (411) | (462) | (792) | (973) | (1,258) | (1,707) | (1,341) | (2,086) |
Net Debt
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| 1,025 | 0 | 4,572 | 4,593 | 5,019 | 5,309 | 5,546 | 5,931 | 6,399 | 7,189 |
Sh' Equity
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| 7.06% | 12.66% | 6.38% | 1.66% | 3.09% | 3.89% | 5.05% | 5.48% | 7.00% | 10.52% |
ROA
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| 0.00% | 0.00% | 2.59% | 2.87% | 3.89% | 5.17% | 6.01% | 7.48% | 8.38% | 10.23% |
ROIC
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| 9.27% | 8.32% | 5.74% | 1.83% | 3.46% | 4.39% | 5.70% | 6.36% | 8.13% | 11.96% |
ROE
|
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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.
Tradeweb Markets Inc. (TW) Latest News
25 Sep
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
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
Tradeweb Markets Inc. possesses two reasons supporting explosive upside potential. Two unspecified factors signal major positive shifts in company trajectory and investor outlook.
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.
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
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
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
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
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
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.
Tradeweb Markets Inc. reported its second quarter 2026 financial results. Quarterly earnings releases directly affect valuation and trading activity for Tradeweb Markets Inc.
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.
Tradeweb Markets Inc. beat Q2 earnings estimates. Earnings beat provides moderately noticeable support to near-term financial perception and stock performance.
23 Jul
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
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
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
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
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
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
Tradeweb Markets Inc. launches spread trading for European credit portfolios. New spread trading feature expands European credit market access and client offerings.
16 Jun
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
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
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
Tradeweb Markets Inc. saw gains from heightened market volatility boosting trading activity. Heightened volatility directly lifts Tradeweb trading volumes and revenues.
4 Jun
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
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
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
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
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
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.