What is Tradeweb Markets Inc.'s market cap?

Tradeweb Markets Inc. (TW) has a market capitalization of $20.7B and trades on NASDAQ.

What is Tradeweb Markets Inc.'s revenue and profitability?

Tradeweb Markets Inc. generated $2.2B in trailing twelve-month revenue with net income of $869.7M, representing a net margin of 40.3%, with free cash flow of $1.2B. These figures are based on the Q1 2026 filing.

Who are Tradeweb Markets Inc.'s competitors?

Tradeweb Markets Inc.'s key competitors include MarketAxess, CME Group, Intercontinental Exchange, and others. These companies compete in similar markets and product categories.

What subsidiaries does Tradeweb Markets Inc. have?

Tradeweb Markets Inc.'s subsidiaries include Institutional Cash Distributors (ICD), r8fin, Tradeweb Australia (Yieldbroker), and others.

Where is Tradeweb Markets Inc. headquartered?

Tradeweb Markets Inc. is headquartered in United States of America and employs approximately 1,179 people. It has been publicly traded since 2019.

Tradeweb Markets Inc.

Tradeweb Markets operates leading electronic marketplaces for a global network of institutional, wholesale, retail, and corporate clients.

Market cap

$20.72B-28.9%

Revenue$2.2B+18.3%

Net income$869.7M+66.1%

Free cash flow$1.2B+31.5%

EPS (diluted)$4.04+66.3%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 29, 2026

Revenue$617.8MBeat by $599.8K EPS$1.08Beat by $0.02

Read the full report

Next report

Jul 30, 2026 (In 6 days)

Revenue estimate$559.2M

EPS estimate$0.96

Financials

Q1 2026

Income statement

See full

Revenue$617.8M+21.2%

Operating income$287.3M+40.7%

Net income$205.3M+38.3%

EPS (diluted)$0.96+39.1%

Balance sheet

See full

Cash & equivalents$1.9B+48.2%

Total debt$142.8M+343%

Total equity$6.6B+11.5%

Total assets$8.3B+12.6%

Cash flow

See full

Operating cash flow$103.8M+72.5%

CapEx$9.6M+483%

Free cash flow$94.2M+60.9%

Valuation & ratios

Valuation

See full

Market cap$20.72B-28.9%

Enterprise value$18.92B-30.6%

P/E23.8×-27.9×

P/S9.6×-5.3×

Profitability

See full

Operating margin42.5%+3.4pp

Net margin40.3%+11.6pp

FCF margin53.8%+5.4pp

Returns & leverage

See full

Return on equity13.8%+4.7pp

Debt / equity0×0.0×

Segments

By product

See full

Transaction fees and commissions$523.8M+24.3%

LSEG market data fees$26.7M-7.5%

Other$6.9M+90.5%

By segment

See full

Reportable Segment$617.8M+21.2%

Competitors

By market cap

CME Group$85.8B-13.3%

Intercontinental Exchange$78.4B-24.4%

Nasdaq, Inc.$51.0B0.0%

Tradeweb Markets Inc.$20.7B-28.2%

Jefferies Financial Group$13.1B+12.9%

MarketAxess$4.0B-49.5%

WisdomTree$3.2B+61.3%

RIL

BRC Group Holdings, Inc. $283.8M+61.3%

By revenue growth

WisdomTree+24.2%

Jefferies Financial Group+21.4%

Tradeweb Markets Inc.+18.3%

Nasdaq, Inc.+7.6%

Intercontinental Exchange+7.3%

MarketAxess+6.8%

CME Group+5.1%

By net margin

CME Group63.87%+5.4pp

Tradeweb Markets Inc.40.25%+11.6pp

MarketAxess35.52%+9.0pp

Intercontinental Exchange30.06%+7.2pp

Nasdaq, Inc.22.48%+3.9pp

WisdomTree11.26%-4.5pp

Jefferies Financial Group10.35%+1.1pp

Profile

Tradeweb Markets operates leading electronic marketplaces for a global network of institutional, wholesale, retail, and corporate clients. The company facilitates the trading of global financial products across rates, credit, equities, and money markets by providing technology solutions for the entire trade lifecycle. Its core value proposition lies in enhancing price discovery, execution quality, and operational efficiency through proprietary technology and deep liquidity pools.

Competitive position

A leading global operator of multi-asset electronic marketplaces with a dominant position in government bond trading and a rapidly growing presence in credit and corporate treasury markets.

GeographiesNorth America, Europe, Asia, Australia, South America, Middle East

Customer segmentsInstitutional Investors, Wholesale Dealers, Retail Brokerages, Corporate Treasuries

Business modelTransaction-based, Subscription SaaS, Marketplace

SuppliersMarket Data Providers, Cloud Infrastructure Providers, Blockchain Infrastructure Partners, Regulatory Bodies

CustomersGlobal Asset Managers, Hedge Funds, Insurance Companies, Central Banks, Global Investment Banks, Corporate Treasurers

CountryUnited States of America

Listed2019

Employees1.2K

CEOWilliam E. Hult

SectorFinancial Services

IndustryFinancial - Capital Markets

Websitetradeweb.com

FilingsSEC EDGAR

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Questions, answered.

What is Tradeweb Markets Inc.'s market cap?: Tradeweb Markets Inc. (TW) has a market capitalization of $20.7B and trades on NASDAQ.
What is Tradeweb Markets Inc.'s revenue and profitability?: Tradeweb Markets Inc. generated $2.2B in trailing twelve-month revenue with net income of $869.7M, representing a net margin of 40.3%, with free cash flow of $1.2B. These figures are based on the Q1 2026 filing.
Who are Tradeweb Markets Inc.'s competitors?: Tradeweb Markets Inc.'s key competitors include MarketAxess, CME Group, Intercontinental Exchange, and others. These companies compete in similar markets and product categories.
What subsidiaries does Tradeweb Markets Inc. have?: Tradeweb Markets Inc.'s subsidiaries include Institutional Cash Distributors (ICD), r8fin, Tradeweb Australia (Yieldbroker), and others.
Where is Tradeweb Markets Inc. headquartered?: Tradeweb Markets Inc. is headquartered in United States of America and employs approximately 1,179 people. It has been publicly traded since 2019.