Income StatementBalance SheetCash FlowSegments
Tradeweb Markets Inc. logo

Tradeweb Markets Inc. Income Statement

Revenue, expenses, and profitability over time

Tradeweb Markets Inc. generated $2.2B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $869.7M with a 40.25% net margin. Diluted EPS is $4.04, which grew 0.7% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$2.2BOperating Income (TTM)$918.5MNet Income (TTM)$869.7MEps Diluted (TTM)$4.04
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$23.9B
P/E Ratio27.53
ROE13.85%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Information processing and communications$28.7M$28.7M$30.2M$33.9M$35.5M$39.5M
Compensation and benefits$152.2M$176.9M$169.7M$165.0M$159.3M$197.8M
Depreciation and amortization$62.9M$62.7M$63.0M$64.4M$60.1M$60.7M
Technology and communications expense$28.7M$28.7M$30.2M$33.9M$35.5M$39.5M
Information processing and communications$28.7M$28.7M$30.2M$33.9M$35.5M$39.5M
Occupancy and equipment$5.2M$5.1M$6.0M$6.6M$8.2M$8.2M
Professional fees$13.6M$12.5M$14.2M$11.5M$15.3M$12.3M
Total operating expenses$274.8M$305.6M$313.1M$298.2M$300.2M$330.5M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Income, Interest and Dividend$14.8M$13.8M$15.0M$20.3M$19.2M$17.5M
Other Charges-$1.1M$4.2M$12.7M$39.4M$207.1M-$1.2M
Interest expense$573.0K$587.0K$429.0K$522.0K$403.0K$624.0K
Interest income$14.8M$13.8M$15.0M$20.3M$19.2M$17.5M
Other income (expense), net-$1.1M$4.2M$12.7M$39.4M$207.1M-$1.2M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.66$0.70$0.72$0.87$1.52$0.96
Diluted earnings per share$0.66$0.69$0.71$0.86$1.51$0.96
Weighted-average shares, basic3.3K213.1M213.3M213.4M—212.7M
Weighted-average shares, diluted39.6K214.9M215M215M—213.3M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$210.2M$221.6M$227.1M$269.6M$456.7M$302.9M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$50.3M$53.3M$51.5M$59.1M$89.6M$69.8M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$142.2M$148.4M$153.8M$185.6M$325.0M$205.3M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$188.5M$204.1M$199.9M$210.4M$221.0M$287.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other General and Administrative Expense$12.3M$19.7M$30.0M$16.9M$21.8M$11.9M
Other income, net (Note 6)-$1.1M$4.2M$12.7M$39.4M$207.1M-$1.2M
Revenue From Contract With Customer Excluding Assessed Tax$463.3M$509.7M$513.0M$508.6M$521.2M$617.8M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment and other income$14.8M$13.8M$15.0M$20.3M$19.2M$17.5M
Total revenue$463.3M$509.7M$513.0M$508.6M$521.2M$617.8M