What is Tradeweb Markets Inc.'s subscription fees — total revenue?

Tradeweb Markets Inc. (TW) reported subscription fees — total revenue of $60.27M in Q1 2026.

How has Tradeweb Markets Inc.'s subscription fees — total revenue changed year-over-year?

Tradeweb Markets Inc.'s subscription fees — total revenue increased by 8.1% year-over-year, from $55.78M to $60.27M.

What is the long-term trend for Tradeweb Markets Inc.'s subscription fees — total revenue?

Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s subscription fees — total revenue has grown at a 10.2% compound annual growth rate (CAGR), from $158.45M to $234.02M.

What does subscription fees — total revenue mean?

Revenue earned from recurring fees paid by clients for ongoing access to the company's electronic trading and data services.

Products & Services · Total Revenue

Subscription fees — Total Revenue

Tradeweb Markets Inc. Subscription fees — Total Revenue increased by 0.4% to $60.27M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.1%, from $55.78M to $60.27M. Over 4 years (FY 2021 to FY 2025), Subscription fees — Total Revenue shows an upward trend with a 10.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryGrowth

SignalHigher is better

VolatilityStable

First reportedQ1 2017

Last reportedQ1 2026

Rolls up toTotal Revenue

How to read this metric

An increase indicates growing platform adoption and higher recurring revenue stability, while a decrease may signal client churn or a shift toward transaction-based pricing models.

Detailed definition

This metric represents the total recurring revenue generated from fees charged to institutional clients for accessing el...

Peer comparison

Comparable to 'Subscription and Support' or 'Recurring Platform Fees' reported by other financial technology and exchange operators.

Metric ID: tw_segment_subscription_fees_total_revenue

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$37.88M	$41.39M	$41.31M	$41.46M	$41.54M	$41.34M	$41.59M	$44.37M	$45.75M	$46.36M	$47.49M	$49.68M	$50.75M	$51.21M	$55.03M	$55.78M	$57.39M	$60.83M	$60.02M	$60.27M
QoQ Change	—	+9.3%	-0.2%	+0.4%	+0.2%	-0.5%	+0.6%	+6.7%	+3.1%	+1.3%	+2.4%	+4.6%	+2.1%	+0.9%	+7.5%	+1.4%	+2.9%	+6.0%	-1.3%	+0.4%
YoY Change	—	—	—	—	+9.7%	-0.1%	+0.7%	+7.0%	+10.1%	+12.1%	+14.2%	+12.0%	+10.9%	+10.5%	+15.9%	+12.3%	+13.1%	+18.8%	+9.1%	+8.1%

Range$37.88M – $60.83M

CAGR+10.3%

Avg YoY Growth+10.3%

Median YoY Growth+10.7%

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Frequently Asked Questions

What is Tradeweb Markets Inc.'s subscription fees — total revenue?: Tradeweb Markets Inc. (TW) reported subscription fees — total revenue of $60.27M in Q1 2026.
How has Tradeweb Markets Inc.'s subscription fees — total revenue changed year-over-year?: Tradeweb Markets Inc.'s subscription fees — total revenue increased by 8.1% year-over-year, from $55.78M to $60.27M.
What is the long-term trend for Tradeweb Markets Inc.'s subscription fees — total revenue?: Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s subscription fees — total revenue has grown at a 10.2% compound annual growth rate (CAGR), from $158.45M to $234.02M.
What does subscription fees — total revenue mean?: Revenue earned from recurring fees paid by clients for ongoing access to the company's electronic trading and data services.