TW

Tradeweb Markets Inc.

Price Chart

Latest Quote

$100.77

-1.26 (-1.23%)

Current Price

Previous Close	$102.03
Open	$101.18
Day High	$101.55
Day Low	$98.59
Volume	1,518,826

Fetched: 2026-06-18T05:30:44

Stock Information

Shares Outstanding	116.04M
Total Debt	$142.83M
Cash Equivalents	$1.94B
Revenue	$2.16B
Net Income	$869.11M
Sector	Financial Services
Industry	Capital Markets
Market Cap	$21.97B
P/E Ratio	24.88
EPS (TTM)	$4.05
Exchange	NMS

🌐 Visit Website

📊 Comprehensive Analysis

Company Data

Enterprise Value	$20.62B
Sales	$2.16B
Income	$869.11M
Book/sh	$30.63
Cash/sh	$16.70
Employees	2K

Financial Ratios

Quick Ratio	5.79
Current Ratio	5.93
Debt/Eq	1.95
EPS Growth TTM	38.30%

Returns & Margins

ROA	12.59%
ROE	14.24%
Gross Margin	93.55%
Operating Margin	46.45%
Profit Margin	40.29%

Ownership

Insider Ownership	0.27%
Institutional Ownership	106.02%
Insider & Institutional transactions data not available

Valuation Ratios

Forward P/E	22.06
PEG	2.05
P/S	10.18
P/B	3.29

Analyst Data

Recommendation	buy
Target Price	$134.86

Technical Indicators

SMA20	$101.30
SMA50	$109.20
SMA200	$111.00
RSI	53.04
ATR	3.1968

Shares Float	115.75M
Short Float	2.73%
Short Ratio	1.85
Volatility	0.62
Rel Volume	0.76

Performance History

Week	-0.22%
Month	-10.25%
Quarter	-18.25%
6 Months	-3.05%
YTD	-4.87%
Year	-26.72%
3 Years	+46.06%
5 Years	+24.92%
10 Years	+191.12%

Stock Score: ⭐ Premium

Based on debt, profitability, growth, and cash flow metrics

⭐ Premium Feature

Recent Price History

Date	Close	Volume
2026-06-17	$100.77	1,549,700
2026-06-16	$102.03	1,378,100
2026-06-15	$101.73	1,087,300
2026-06-12	$101.19	1,234,300
2026-06-11	$99.00	2,061,400
2026-06-10	$100.99	1,128,400
2026-06-09	$99.68	1,781,600
2026-06-08	$98.28	1,897,000
2026-06-05	$102.53	2,372,400
2026-06-04	$100.60	1,674,100
2026-06-03	$100.43	2,692,400
2026-06-02	$97.98	3,056,000
2026-06-01	$100.19	2,700,600
2026-05-29	$100.11	2,694,100
2026-05-28	$99.51	2,659,400
2026-05-27	$100.74	2,121,700
2026-05-26	$102.14	2,252,100
2026-05-22	$106.05	1,928,400
2026-05-21	$105.54	2,418,400
2026-05-20	$106.56	2,223,000
2026-05-19	$110.69	2,288,000
2026-05-18	$112.27	1,251,200

About Tradeweb Markets Inc.

Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally. The company offers marketplaces that facilitate trading products across various asset classes, including rates, credit, equities, and money markets. It also provides pre-trade data and analytics, such as AI-Price, SNAP+, iNAV for ETFs, integrations, and LSEG market data; and trade execution comprising request-for-quote, request-for-market, request-for-stream, list trading, compression, blast all-to-all, click-to-trade, portfolio trading, session-based, central limit order book, bilateral firm streams, inventory-based, rematch, voice, futures vs. cash spreading, and dealer algorithmic suite. In addition, the company offers trade processing; and post-trade data, analytics, and reporting, which include transaction cost analysis, benchmark prices, and APA. It serves institutional, wholesale, retail, and corporate clients, such as asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, regional dealers, and corporations. The company was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.

📰 Latest News

Period:

Income Statement (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue
Reconciled Cost Of Revenue	$670,831,000	$592,690,000	$460,305,000	$432,421,000
Cost Of Revenue	$670,831,000	$592,690,000	$460,305,000	$432,421,000
Total Revenue	$2,052,429,000	$1,725,949,000	$1,338,219,000	$1,188,781,000
Operating Revenue	$2,027,641,000	$1,712,351,000	$1,326,652,000	$1,178,912,000
Expenses
Interest Expense	$1,941,000	$4,279,000	$2,047,000	$1,805,000
Total Expenses	$1,207,305,000	$1,040,191,000	$842,467,000	$762,555,000
Rent Expense Supplemental	$25,951,000	$20,215,000	$15,930,000	$14,726,000
Other Income Expense	$263,384,000	$-1,114,000	$-13,122,000	$-1,000,000
Other Non Operating Income Expenses	$263,384,000	$-1,114,000	$-13,122,000	$-1,000,000
Net Non Operating Interest Income Expense	$66,466,000	$69,758,000	$65,350,000	$11,907,000
Interest Expense Non Operating	$1,941,000	$4,279,000	$2,047,000	$1,805,000
Operating Expense	$536,474,000	$447,501,000	$382,162,000	$330,134,000
General And Administrative Expense	$296,071,000	$235,232,000	$187,295,000	$164,908,000
Total Other Finance Cost	-	-	$-65,350,000	$-11,907,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest	$812,792,000	$501,507,000	$364,866,000	$309,338,000
Net Interest Income	$66,466,000	$69,758,000	$65,350,000	$11,907,000
Interest Income	$68,407,000	$74,037,000	$67,397,000	$13,712,000
Normalized Income	$812,792,000	$501,507,000	$364,866,000	$309,338,000
Net Income From Continuing And Discontinued Operation	$812,792,000	$501,507,000	$364,866,000	$309,338,000
Total Operating Income As Reported	$835,338,000	$678,028,000	$505,269,000	$412,573,000
Net Income Common Stockholders	$812,156,000	$501,118,000	$364,399,000	$309,094,000
Net Income	$812,792,000	$501,507,000	$364,866,000	$309,338,000
Net Income Including Noncontrolling Interests	$921,500,000	$569,963,000	$419,503,000	$359,613,000
Net Income Continuous Operations	$921,500,000	$569,963,000	$419,503,000	$359,613,000
Pretax Income	$1,174,974,000	$754,402,000	$547,980,000	$437,133,000
Interest Income Non Operating	$68,407,000	$74,037,000	$67,397,000	$13,712,000
Operating Income	$845,124,000	$685,758,000	$495,752,000	$426,226,000
Depreciation Amortization Depletion Income Statement	$250,189,000	$219,999,000	$185,350,000	$178,879,000
Depreciation And Amortization In Income Statement	$250,189,000	$219,999,000	$185,350,000	$178,879,000
Gross Profit	$1,381,598,000	$1,133,259,000	$877,914,000	$756,360,000
Net Income From Tax Loss Carryforward	-	-	-	-
Per Share
Diluted EPS	$3.78	$2.33	$1.71	$1.48
Basic EPS	$3.81	$2.35	$1.73	$1.50
Other
Tax Effect Of Unusual Items	$0	$0	$0	$0
Tax Rate For Calcs	$0	$0	$0	$0
Normalized EBITDA (Bullshit earnings)	$1,427,104,000	$978,680,000	$735,377,000	$617,817,000
Reconciled Depreciation	$250,189,000	$219,999,000	$185,350,000	$178,879,000
EBITDA (Bullshit earnings)	$1,427,104,000	$978,680,000	$735,377,000	$617,817,000
EBIT	$1,176,915,000	$758,681,000	$550,027,000	$438,938,000
Diluted Average Shares	$214,898,240	$214,924,763	$212,668,808	$208,400,040
Basic Average Shares	$213,213,371	$213,030,056	$210,796,802	$205,576,637
Diluted NI Availto Com Stockholders	$812,156,000	$501,118,000	$364,399,000	$309,094,000
Otherunder Preferred Stock Dividend	$636,000	$389,000	$467,000	$244,000
Minority Interests	$-108,708,000	$-68,456,000	$-54,637,000	$-50,275,000
Tax Provision	$253,474,000	$184,439,000	$128,477,000	$77,520,000
Other Taxes	$-9,786,000	$-7,730,000	$9,517,000	$-13,653,000
Selling General And Administration	$296,071,000	$235,232,000	$187,295,000	$164,908,000
Other Gand A	$270,120,000	$215,017,000	$171,365,000	$150,182,000
Rent And Landing Fees	$25,951,000	$20,215,000	$15,930,000	$14,726,000
Total Unusual Items	-	-	-	$-1,000,000
Total Unusual Items Excluding Goodwill	-	-	-	$-1,000,000
Gain On Sale Of Security	-	-	-	$-1,000,000

Fetched: 2026-06-17

Balance Sheet (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Net Tangible Assets	$1,939,333,000	$1,072,467,000	$1,422,102,000	$958,881,000
Total Assets	$8,189,557,000	$7,267,993,000	$7,059,538,000	$6,260,131,000
Total Non Current Assets	$5,770,758,000	$5,573,822,000	$4,765,487,000	$4,820,960,000
Other Non Current Assets	$140,249,000	$96,165,000	$70,819,000	$74,262,000
Non Current Deferred Assets	$568,832,000	$659,203,000	$684,250,000	$689,442,000
Non Current Deferred Taxes Assets	$568,832,000	$659,203,000	$684,250,000	$689,442,000
Goodwill And Other Intangible Assets	$4,568,422,000	$4,727,725,000	$3,951,653,000	$3,994,910,000
Other Intangible Assets	$1,418,310,000	$1,577,613,000	$1,136,129,000	$1,214,651,000
Current Assets	$2,418,799,000	$1,694,171,000	$2,294,051,000	$1,439,171,000
Restricted Cash	$1,000,000	$1,000,000	$1,000,000	$1,000,000
Prepaid Assets	$58,282,000	$54,702,000	$36,806,000	$23,906,000
Receivables	$274,778,000	$298,167,000	$549,777,000	$157,036,000
Accounts Receivable	$266,475,000	$290,073,000	$549,585,000	$154,308,000
Allowance For Doubtful Accounts Receivable	$-587,000	$-447,000	$-284,000	$-129,000
Gross Accounts Receivable	$267,062,000	$290,520,000	$549,869,000	$154,437,000
Cash Cash Equivalents And Short Term Investments	$2,084,739,000	$1,340,302,000	$1,706,468,000	$1,257,229,000
Cash And Cash Equivalents	$2,084,739,000	$1,340,302,000	$1,706,468,000	$1,257,229,000
Non Current Accounts Receivable	-	-	$192,000	$2,728,000
Debt
Total Debt	$139,168,000	$35,748,000	$27,463,000	$27,943,000
Long Term Debt And Capital Lease Obligation	$139,168,000	$35,748,000	$27,463,000	$27,943,000
Liabilities
Total Liabilities Net Minority Interest	$1,000,320,000	$869,108,000	$1,128,132,000	$713,815,000
Total Non Current Liabilities Net Minority Interest	$440,348,000	$301,600,000	$234,171,000	$200,078,000
Non Current Deferred Liabilities	$50,011,000	$42,893,000	$20,767,000	$21,251,000
Non Current Deferred Taxes Liabilities	$50,011,000	$42,893,000	$20,767,000	$21,251,000
Current Liabilities	$559,972,000	$567,508,000	$893,961,000	$513,737,000
Current Deferred Liabilities	$29,030,000	$30,800,000	$25,746,000	$22,827,000
Payables And Accrued Expenses	$530,942,000	$536,708,000	$868,215,000	$490,910,000
Payables	$530,942,000	$536,708,000	$868,215,000	$490,910,000
Total Tax Payable	$336,519,000	$372,839,000	$457,523,000	$425,724,000
Accounts Payable	$187,333,000	$163,106,000	$409,365,000	$57,954,000
Other Non Current Liabilities	-	-	$21,612,000	-
Equity
Common Stock Equity	$6,507,755,000	$5,800,192,000	$5,373,755,000	$4,953,791,000
Total Equity Gross Minority Interest	$7,189,237,000	$6,398,885,000	$5,931,406,000	$5,546,316,000
Stockholders Equity	$6,507,755,000	$5,800,192,000	$5,373,755,000	$4,953,791,000
Gains Losses Not Affecting Retained Earnings	$10,899,000	$-9,981,000	$-5,389,000	$-10,113,000
Other Equity Adjustments	$10,899,000	$-9,981,000	$-5,389,000	$-10,113,000
Retained Earnings	$1,601,044,000	$996,763,000	$640,384,000	$386,632,000
Other
Ordinary Shares Number	$212,435,881	$212,910,743	$212,023,979	$207,679,798
Share Issued	$212,435,881	$212,910,743	$212,023,979	$207,679,798
Tangible Book Value	$1,939,333,000	$1,072,467,000	$1,422,102,000	$958,881,000
Invested Capital	$6,507,755,000	$5,800,192,000	$5,373,755,000	$4,953,791,000
Working Capital	$1,858,827,000	$1,126,663,000	$1,400,090,000	$925,434,000
Capital Lease Obligations	$139,168,000	$35,748,000	$27,463,000	$27,943,000
Total Capitalization	$6,507,755,000	$5,800,192,000	$5,373,755,000	$4,953,791,000
Minority Interest	$681,482,000	$598,693,000	$557,651,000	$592,525,000
Additional Paid In Capital	$4,895,810,000	$4,813,408,000	$4,738,758,000	$4,577,270,000
Capital Stock	$2,000	$2,000	$2,000	$2,000
Common Stock	$2,000	$2,000	$2,000	$2,000
Preferred Stock	$0	$0	$0	$0
Employee Benefits	$251,169,000	$222,959,000	$164,329,000	$150,884,000
Long Term Capital Lease Obligation	$139,168,000	$35,748,000	$27,463,000	$27,943,000
Current Deferred Revenue	$29,030,000	$30,800,000	$25,746,000	$22,827,000
Dueto Related Parties Current	$7,090,000	$763,000	$1,327,000	$7,232,000
Investments And Advances	$291,997,000	$11,206,000	-	-
Other Investments	$291,997,000	$11,206,000	-	-
Goodwill	$3,150,112,000	$3,150,112,000	$2,815,524,000	$2,780,259,000
Net PPE	$201,258,000	$79,523,000	$58,765,000	$62,346,000
Gross PPE	$201,258,000	$79,523,000	$58,765,000	$62,346,000
Other Properties	$123,065,000	$33,550,000	$25,206,000	$24,933,000
Machinery Furniture Equipment	$78,193,000	$45,973,000	$33,559,000	$37,413,000
Duefrom Related Parties Current	$8,303,000	$8,094,000	$192,000	$2,728,000
Duefrom Related Parties Non Current	-	-	$192,000	$2,728,000

Fetched: 2026-06-17

Cash Flow Statement (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Free Cash Flow
Free Cash Flow	$1,064,553,000	$808,872,000	$684,325,000	$572,726,000
Operating Activities
Operating Cash Flow	$1,167,646,000	$897,741,000	$746,089,000	$632,822,000
Cash Flow From Continuing Operating Activities	$1,167,646,000	$897,741,000	$746,089,000	$632,822,000
Operating Gains Losses	$-10,947,000	$-666,000	-	$1,000,000
Investing Activities
Capital Expenditure	$-103,093,000	$-88,869,000	$-61,764,000	$-60,096,000
Investing Cash Flow	$-126,533,000	$-969,190,000	$-132,765,000	$-60,096,000
Cash Flow From Continuing Investing Activities	$-126,533,000	$-969,190,000	$-132,765,000	$-60,096,000
Net Other Investing Changes	$15,000,000	-	-	-
Capital Expenditure Reported	$-62,541,000	$-47,909,000	$-43,235,000	$-36,882,000
Financing Activities
Repurchase Of Capital Stock	$-104,173,000	$-59,052,000	$-35,205,000	$-99,323,000
Financing Cash Flow	$-307,475,000	$-290,261,000	$-168,174,000	$-276,703,000
Cash Flow From Continuing Financing Activities	$-307,475,000	$-290,261,000	$-168,174,000	$-276,703,000
Net Other Financing Charges	$-100,958,000	$-152,720,000	$-72,298,000	$-121,564,000
Cash Dividends Paid	$-102,344,000	$-85,232,000	$-75,909,000	$-66,006,000
Common Stock Dividend Paid	$-102,344,000	$-85,232,000	$-75,909,000	$-66,006,000
Net Common Stock Issuance	$-104,173,000	$-59,052,000	$-35,205,000	$-99,323,000
Issuance Of Capital Stock	-	-	-	$0
Common Stock Issuance	-	-	-	$0
Other
Interest Paid Supplemental Data	$2,547,000	$2,574,000	$1,305,000	$1,470,000
Income Tax Paid Supplemental Data	$58,061,000	$152,012,000	$28,641,000	$13,198,000
End Cash Position	$2,085,739,000	$1,341,302,000	$1,707,468,000	$1,258,229,000
Beginning Cash Position	$1,341,302,000	$1,707,468,000	$1,258,229,000	$973,048,000
Effect Of Exchange Rate Changes	$10,799,000	$-4,456,000	$4,089,000	$-10,842,000
Changes In Cash	$733,638,000	$-361,710,000	$445,150,000	$296,023,000
Proceeds From Stock Option Exercised	$0	$6,743,000	$15,238,000	$10,190,000
Common Stock Payments	$-104,173,000	$-59,052,000	$-35,205,000	$-99,323,000
Net Investment Purchase And Sale	$-38,440,000	$-20,195,000	$-1,289,000	$0
Purchase Of Investment	$-38,440,000	$-20,195,000	$-1,289,000	$0
Net Business Purchase And Sale	$0	$-860,126,000	$-69,712,000	$0
Purchase Of Business	$0	$-860,126,000	$-69,712,000	$0
Net PPE Purchase And Sale	$-40,552,000	$-40,960,000	$-18,529,000	$-23,214,000
Purchase Of PPE	$-40,552,000	$-40,960,000	$-18,529,000	$-23,214,000
Change In Working Capital	$84,219,000	$-6,902,000	$-36,427,000	$-12,524,000
Change In Other Working Capital	$-1,578,000	$25,364,000	$-30,391,000	$778,000
Change In Other Current Liabilities	$0	$-21,612,000	$21,612,000	$0
Change In Other Current Assets	$-16,501,000	$-11,441,000	$-3,919,000	$-2,120,000
Change In Payables And Accrued Expense	$111,831,000	$86,217,000	$10,151,000	$9,643,000
Change In Accrued Expense	$24,689,000	$56,459,000	$7,964,000	$-552,000
Change In Payable	$87,142,000	$29,758,000	$2,187,000	$10,195,000
Change In Account Payable	$87,142,000	$29,758,000	$2,187,000	$10,195,000
Change In Prepaid Assets	$-3,331,000	$-17,352,000	$-12,799,000	$-3,597,000
Change In Receivables	$-6,202,000	$-68,078,000	$-21,081,000	$-17,228,000
Changes In Account Receivables	$-30,059,000	$-44,221,000	$-21,081,000	$-17,228,000
Other Non Cash Items	$-263,384,000	$1,114,000	$13,122,000	$1,000,000
Stock Based Compensation	$103,537,000	$89,649,000	$65,128,000	$66,644,000
Deferred Tax	$82,532,000	$24,584,000	$99,413,000	$39,210,000
Deferred Income Tax	$82,532,000	$24,584,000	$99,413,000	$39,210,000
Depreciation Amortization Depletion	$250,189,000	$219,999,000	$185,350,000	$178,879,000
Depreciation And Amortization	$250,189,000	$219,999,000	$185,350,000	$178,879,000
Net Income From Continuing Operations	$921,500,000	$569,963,000	$419,503,000	$359,613,000
Gain Loss On Investment Securities	-	-	-	$1,000,000

Fetched: 2026-06-17

TW

Price Chart

Latest Quote

$100.77

Stock Information

📊 Comprehensive Analysis

Company Data

Financial Ratios

Returns & Margins

Ownership

Valuation Ratios

Analyst Data

Technical Indicators

Performance History

Recent Price History

About Tradeweb Markets Inc.

📰 Latest News

Warsh’s Inflation Focus Weighs on Markets, Sends Treasury Yields Higher

Treasury Yields Climb After Fed Decision

Rothschild & Co Redburn Maintains Neutral Rating on Tradeweb (TW)

U.S. Treasury Yields, Dollar Edge Up Ahead of Fed Meeting

U.S. Treasury Yields Edge Higher as Investors Await Warsh's Debut Fed Presser

Tradeweb Markets (TW) Stock Could Be 24.6% Undervalued After TARA Launch

U.S. Treasury Yields Edge Lower, Dollar Stable

U.S. Treasury Yields Trade Stable as Details of U.S.-Iran Deal Awaited

Jumbo Bond Sale From Nvidia Helps Prop Up Treasury Yields

Dollar, Treasury Yields Fall After U.S.-Iran Deal

Income Statement (Annual)

Balance Sheet (Annual)

Cash Flow Statement (Annual)