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Q3 2026 earnings • released • EPS beat +0.53% • Revenue miss -0.02%
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TW:NASDAQ
Tradeweb Markets Inc
$122.54
+3.08%
(+3.66) 1D
$122.00
-0.44% (-0.54)
After hours
Closed: Oct 30, 4:00:00 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for TW...
Open
$121.01
High
$125.54
Low
$120.48
Mkt. cap
25.85B
Avg. vol.
1.52M
Volume
2.78M
Dividend
0.46%
Quarterly dividend
$0.14
Ex-dividend date
Sep 1, 2026
P/E ratio
29.30
52-wk high
$127.69
52-wk low
$91.42
EPS
$4.18
Beta
0.61
Shares outstanding
114.04M
No. of employees
2K
Open
$121.01
High
$125.54
Low
$120.48
Mkt. cap
25.85B
Avg. vol.
1.52M
Volume
2.78M
Dividend
0.46%
Quarterly dividend
$0.14
Ex-dividend date
Sep 1, 2026
P/E ratio
29.30
52-wk high
$127.69
52-wk low
$91.42
EPS
$4.18
Beta
0.61
Shares outstanding
114.04M
No. of employees
2K
News stories
From web sources and news partners
Profile
Tradeweb Markets Inc., headquartered in New York City, operates electronic trading platforms primarily used by institutional investors to trade fixed income products, ETFs, and derivatives. It has over 3,000 customers including banks, asset managers, central banks, pension funds, and insurance companies. In 2024, 83% of the company's revenue was from transaction fees and commissions and 17% was from subscription fees. In 2024, 52% of revenue came from products related to rates, 27% of revenues came from products related to credit, 7% came from products related to money markets and repurchase agreements, 7% of revenues came from market data, and 6% of revenues came from equities transactions. The company's primary competitors are MarketAxess, Bloomberg L.P., Intercontinental Exchange, CME Group, BGC Group, Euronext, and Trumid. The company is a major facilitator of trades of government bonds, mortgages, interest rate swaps, and ETFs. The company's goal is to make trading fixed income products as easy as trading stocks by "electronifying, and modernizing the bond market". The company is majority-owned and controlled by the London Stock Exchange Group. Wikipedia
About Tradeweb Markets Inc
CEOBilly Hult
Employees1.61K
Founded1996
Headquarters-
SectorCapital market
Websitetradeweb.com
Analyst ratings
Based on 12 analysts giving stock ratings to TW in the past 3 months
Buy
Buy
7
Hold
4
Sell
1
12-month forecast
Based on 12 Wall Street analysts offering 12 month price targets for TW in the last 3 months.
Highest
Current $122.54
$182.00 (+48.52%)
Average
$136.70 (+11.56%)
Lowest
$102.00 (-16.76%)
Analyst
Recommendation
Action
Price target
Projected
Date
Ken Worthington
J.P. Morgan
Buy
Reiterated
$137.00
+11.8%
10/30/2026
Patrick O'Shaughnessy
Raymond James
Buy
Maintained
$133.00
+8.5%
10/30/2026
William Katz
TD Cowen
Hold
Reiterated
-
-
10/29/2026
Christopher Allen
KBW
Buy
Maintained
$130.00
+6.1%
10/30/2026
Daniel Welden
Wells Fargo
Buy
Reiterated
$133.00
+8.5%
10/30/2026
Benjamin Budish
Barclays
Hold
Maintained
$135.00
+10.2%
10/30/2026
Craig Siegenthaler
Bank of America Securities
Buy
Maintained
$182.00
+48.5%
10/20/2026
Alexander Blostein
Goldman Sachs
Buy
Maintained
$145.00
+18.3%
10/19/2026
Michael Cyprys
Morgan Stanley
Hold
Maintained
$125.00
+2%
10/14/2026
Jeff Schmitt
William Blair
Buy
Maintained
-
-
10/06/2026
Patrick Moley
Piper Sandler
Hold
Maintained
$102.00
-16.8%
10/02/2026
Unknown Analyst
Wells Fargo
Buy
Initiated
$118.00
-3.7%
10/02/2026
Alex Kramm
UBS
Sell
Maintained
$145.00
+18.3%
09/10/2026
Brian Bedell
Deutsche Bank
Hold
Maintained
$104.00
-15.1%
07/31/2026
Simon Clinch
Rothschild & Co Redburn
Hold
Maintained
$110.00
-10.2%
06/11/2026
Unknown Analyst
KBW
Buy
Initiated
$145.00
+18.3%
04/08/2026
Last report
Oct 29, 2026
Fiscal period
Q3 2026
$1.02 / $1.01
+0.53%beat
Revenue / Est. (USD)
584.54M / 584.68M
-0.02%miss
Fiscal Q3 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
508.08M
520.78M
617.14M
558.44M
Cost of goods sold
33.87M
35.52M
39.55M
41.98M
Cost of revenue
33.87M
35.52M
39.55M
41.98M
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
200.01M
204.56M
230.25M
210.22M
Operating expense
264.36M
264.65M
290.96M
271.71M
Total operating expenses
298.23M
300.17M
330.51M
313.68M
Operating income
209.85M
220.61M
286.63M
244.76M
Other non operating income
43.22M
216.86M
-1.16M
-14.64M
EBT including unusual items
269.62M
456.71M
302.92M
270.19M
EBT excluding unusual items
273.42M
456.71M
302.92M
247.77M
Income tax expense
59.07M
89.59M
69.76M
63.50M
Effective tax rate
21.91%
19.62%
23.03%
23.50%
Other operating expenses
-
-
-
-
Net income
185.64M
324.99M
205.28M
181.32M
Net profit margin
36.54%
62.40%
33.26%
32.47%
Earnings per share
0.87
0.87
1.08
0.97
Interest and investment income
20.35M
19.24M
17.45M
18.15M
Interest expense
-
-
-
-
Net interest expenses
20.35M
19.24M
17.45M
18.15M
Depreciation and amortization charges
64.35M
60.09M
60.71M
61.49M
EBITDA
-
-
-
-
Gain or loss from assets sale
-
-
-
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
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Type
Date
Shares
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