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Friday 6 November 2026 Export TW’s income statement to Excel — free account

Tradeweb Markets Inc.

TW Financial Capital Markets

Tradeweb Markets Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 18.9% from fiscal 2024.

Revenue
+14.9%
EPS
+22.9%
Free cash flow
+2.33%

Quarter to September 2026, against a year earlier

127.43 0.13 −0.10%
Market cap
$29.6B
P/E
29.0×
Fwd P/E
34.5×
Dividend yield
0.42%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Tradeweb Markets Inc. (TW) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Tradeweb Markets Inc. (TW) trades at a P/S ratio of 11.8×. Over the past ten years it has ranged from 6.9× (March 2020) to 20.0× (December 2021); the current reading is higher than 31% of that period. That is above the Capital Markets industry median of 2.1× and above the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 11.2× (30.87%)
FY2024 16.2× 14.91%
FY2023 14.1× 24.45%
FY2022 11.3× (39.70%)
FY2021 18.7× 48.46%
FY2020 12.6× 42.68%
FY2019 8.8× (23.86%)
FY2018 11.6× 0.00%
FY2017 11.6× 0.00%
FY2016 11.6× —

Quarterly newest first

Period P/S ratio Change
Sep 2026 9.3× (3.13%)
Jun 2026 9.6× (17.15%)
Mar 2026 11.6× 3.68%
Dec 2025 11.2× (5.89%)
31 more quarters

Against its own ten years

Low 6.9× High 20.0×
Ten-year median 13.1×
Current reading's percentile 31

P/S ratio against peers

Company P/S ratio
NMR Nomura Holdings Inc ADR compare 0.8×
JEF Jefferies Financial Group Inc. compare 1.1×
LPLA LPL Financial Holdings Inc. compare 1.2×
EVR Evercore Inc compare 2.3×
IBKR Interactive Brokers Group, Inc. compare 4.6×
CRCL Circle Internet Group, Inc. compare 5.8×
TW Tradeweb Markets Inc. 11.8×
HOOD Robinhood Markets, Inc. compare 14.0×
BMNR BitMine Immersion Technologies, Inc. compare 174×
Capital Markets industry median 2.1×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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