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Tradeweb Markets Inc. Class A(TW US)

Overview

Profile

Financials & Metrics

FinancialsChartingShort InterestEmployees
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TW US​

Tradeweb Markets Inc. Class A — Company Profile

Tradeweb Markets Inc. is a global provider that develops and manages sophisticated electronic trading platforms across the Americas, Europe, the Middle East, Africa, and Asia Pacific. These digital venues facilitate transactions in a diverse array of financial instruments, including fixed income (rates and credit), money market products, and equities. The company offers a comprehensive range of services, encompassing pre-trade analytics and data, efficient trade execution, and streamlined processing. It also delivers valuable post-trade data insights, analytical tools, and detailed reporting solutions. Tradeweb caters to a broad spectrum of market participants. It provides flexible order management and trading systems for institutional investors, operating in 45 distinct financial markets and supporting 25 different currencies. Through its Dealerweb platform, it offers a mix of electronic, voice, and hybrid trading solutions to roughly 300 dealers and financial institutions. Furthermore, the Tradeweb Direct platform is specifically designed to serve financial advisory firms and individual traders. With a substantial client network of approximately 2,500 entities, Tradeweb serves the institutional, wholesale, and retail sectors. Its extensive client base includes asset managers, hedge funds, insurance providers, central banks, commercial banks, securities dealers, proprietary trading firms, retail brokerage houses, financial advisory practices, and regional dealers. Tradeweb Markets Inc. was established in 1996, with its corporate headquarters located in New York, New York. The company operates as a subsidiary of Refinitiv Parent Limited.

Sector
Financial Services
Industry
Financial - Capital Markets
Exchange
UQ
CEO
William E. Hult
Headquarters
New York City, NY, US
IPO Date
Apr 4, 2019
Employees
1,613
Website
www.tradeweb.com

Key Metrics

Price
$102.22
Market Cap
$21.76B
Revenue (TTM)
$617.76M
Net Income (TTM)
$205.28M
EPS (TTM)
0.96
P/E (TTM)
25.02
P/B (TTM)
3.29
Dividend Yield
51.87%
ROE (TTM)
3.10%
ROA (TTM)
2.47%
Operating Margin
46.50%
Beta
-0.05

Dividends

Last Dividend
$0.14
Last Yield
0.52%

Summary

Tradeweb Markets Inc. is a global provider that develops and manages sophisticated electronic trading platforms across the Americas, Europe, the Middle East, Africa, and Asia Pacific. These digital venues facilitate transactions in a diverse array of financial instruments, including fixed income (rates and credit), money market products, and equities. The company offers a comprehensive range of services, encompassing pre-trade analytics and data, efficient trade execution, and streamlined processing. It also delivers valuable post-trade data insights, analytical tools, and detailed reporting solutions. Tradeweb caters to a broad spectrum of market participants. It provides flexible order management and trading systems for institutional investors, operating in 45 distinct financial markets and supporting 25 different currencies. Through its Dealerweb platform, it offers a mix of electronic, voice, and hybrid trading solutions to roughly 300 dealers and financial institutions. Furthermore, the Tradeweb Direct platform is specifically designed to serve financial advisory firms and individual traders. With a substantial client network of approximately 2,500 entities, Tradeweb serves the institutional, wholesale, and retail sectors. Its extensive client base includes asset managers, hedge funds, insurance providers, central banks, commercial banks, securities dealers, proprietary trading firms, retail brokerage houses, financial advisory practices, and regional dealers. Tradeweb Markets Inc. was established in 1996, with its corporate headquarters located in New York, New York. The company operates as a subsidiary of Refinitiv Parent Limited.

Website
www.tradeweb.com
Location
New York City, NY, US
Phone646 430 6000
Employees1,613
CEOWilliam E. Hult
SectorFinancial Services
IndustryFinancial - Capital Markets
IPO DateApr 4, 2019

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Latest Documents

News

  • Tradeweb Markets Inc. (TW) M&A Call Transcript20 Oct
  • Tradeweb to Buy Trumid For About $1.97 Billion19 Oct
  • Tradeweb to Acquire Trumid, Expanding Tradeweb's Credit Capabilities Across the Entire Bond Lifecycle and Further Differentiating its Multi-Asset Class Platform19 Oct
  • NMR vs. TW: Which Stock Is the Better Value Option?15 Oct
  • Revisiting Former Stock Picks Casey's General Stores, Tradeweb Markets, Motorola Solutions14 Oct
  • Tradeweb Remains An Interesting Growth Play In The Financial Sector6 Oct
  • Tradeweb Reports September 2026 Total Trading Volume of $81.6 Trillion and Average Daily Volume of $3.7 Trillion6 Oct
  • NMR or TW: Which Is the Better Value Stock Right Now?29 Sep
  • TRADEWEB INVESTOR ALERT: Kaskela Law Firm Announces Stockholder Investigation of Tradeweb Markets (TW) and Encourages Investors to Contact the Firm to Explore Their Legal Rights and Options22 Sep
  • Tradeweb Enhances Ai-Price, Advancing Corporate Bond Pricing22 Sep
  • Tradeweb Exchange-Traded Funds Update - August 202617 Sep
  • Tradeweb Announces Date for Third Quarter 2026 Financial Results9 Sep
  • Tradeweb Announces Date for Third Quarter 2026 Financial Results9 Sep
  • Tradeweb Reports August 2026 Total Trading Volume of $61.2 Trillion and Average Daily Volume of $2.8 Trillion4 Sep
  • TRADEWEB STOCK ALERT: Kaskela Law LLC Announces Shareholder Investigation of Tradeweb Markets (NASDAQ: TW) and Encourages Current TW Stockholders to Contact the Firm19 Aug
  • Tradeweb Exchange-Traded Funds Update - July 202614 Aug
  • Tradeweb Reports July 2026 Total Trading Volume of $67.5 Trillion and Average Daily Volume of $2.9 Trillion6 Aug
  • Tradeweb Markets Inc. (TW) Q2 2026 Earnings Call Transcript1 Aug
  • Here's What Key Metrics Tell Us About Tradeweb (TW) Q2 Earnings30 Jul
  • Tradeweb Markets (TW) Surpasses Q2 Earnings Estimates30 Jul

Key Stats

Trading

Px/Chg 1D$102.22 / -1.05%
Avg Volume1.58M
Beta-0.05
Mkt Cap21.76B
FD Mkt Cap23.18B

Float

Shrs Out/Float212.89M / 211.75M
Short Float0.02%
Days to Cover1.99
Stock Repurchased$53.33M

Current Valuation

EV20.66B
EV/EBITDA13.71
EV/Sales9.56
P/B3.29
P/S10.07
FCF Yield0.43%
ROE3.10%
ROA2.47%
Current Ratio3.64

Dividend

Cash$0.14
Yield51.87%
Yield (TTM)51.87%

Estimates

P/E25.02
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings68.7746.3559.4858.3673.66106.01
Price / Sales25.2812.0616.2216.9645.9335.23
Price / Book Value3.792.894.045.053.683.29
Price / Free Cash Flow79.2825.0331.7234.1674.55230.93
ENTERPRISE VALUE METRICS
Enterprise Value21,266.313,699.220,602.928,559.222,814.120,656.1
Enterprise Value / Sales24.1411.5215.4016.5543.7733.44
Enterprise Value / EBITDA36.4822.1730.2529.1844.1156.71
Enterprise Value / EBIT45.6731.2141.5637.6449.9168.05

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue17.5%1,076.41,188.81,338.21,725.92,052.4
Gross Income19.9%669.2756.4877.91,133.31,381.6
EBITDA27.3%542.9617.8681.1978.71,427.1
EBIT33.4%371.6438.9495.8758.71,176.9
Net Income37.6%226.8309.3364.9501.5812.8
EPS (Diluted)36.5%1.091.481.712.343.78
BALANCE SHEET
Cash & ST Inv21%973.01,258.21,707.51,341.32,084.7
Total Assets8.1%5,990.26,260.17,059.57,268.08,189.6
Total Liabilities10.1%681.2713.81,128.1869.11,000.3
Total Shareholder Equity8.8%4,645.64,953.85,373.85,800.26,507.8
CASH FLOW
Net Operating Cash Flow19.2%578.0632.8746.1897.71,167.6
Cap Ex-5.7%-51.3-60.1-61.8-41.0-40.6
Free Cash Flow20.9%526.7572.7684.3856.81,127.1

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)122.57
Basic Shares212.89
Market Cap26,093.5
Diluted Shares213.32
Fully Diluted Shares Outstanding213.32
Fully Diluted Market Cap26,147.2
+Consolidated Debt142.8
−In-the-Money Convertible Debt—
+Capital Leases142.8
+Operating Leases—
−Cash & Equivalents-1,937.3
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest689.4
+Pension Liabilities—
Enterprise Value24,988.4

Segment data

Revenue

by Products and services

  • Transaction Fee Revenue83%
  • Subscription Fee Revenue11%
  • Market Data Revenue5%
  • Financial Service, Other1%

Revenue

by Geography

  • United States58%
  • Non-us42%

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