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Tradeweb Markets Inc. TW Q1 2026 earnings

Reported April 29, 2026 · Before market open

Revenue$617.8MBeat by $599.8K
EPS$1.08Beat by $0.02
Revenue estimate$617.2M
EPS estimate$1.06

Next report

Oct 29, 2026 (In 3 weeks)
Revenue estimate$575.8M
EPS estimate$0.99

Financials

Q1 2026

Income statement

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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

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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

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Operating cash flow$103.8M+72.5%
CapEx$9.6M+483%
Free cash flow$94.2M+60.9%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$25.06B-20.9%
Enterprise value$23.26B-23.5%
P/E28.8×-31.7×
P/S11.6×-5.7×

Profitability

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Operating margin42.5%+3.4pp
Net margin40.3%+11.6pp
FCF margin53.8%+5.4pp

Returns & leverage

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Return on equity13.8%+4.7pp
Debt / equity0×0.0×

Segments

By product

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Transaction fees and commissions$523.8M+24.3%
LSEG market data fees$26.7M-7.5%
Other$6.9M+90.5%

By segment

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Reportable Segment$617.8M+21.2%

FAQ

When did Tradeweb Markets Inc. report Q1 2026 earnings?
Tradeweb Markets Inc. (TW) reported Q1 2026 earnings on April 29, 2026 before market open.
What were Tradeweb Markets Inc.'s Q1 2026 revenue and EPS?
Tradeweb Markets Inc. reported revenue of $617.8M and eps of $1.08 for Q1 2026.
Did Tradeweb Markets Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $617.2M by $599.8K. EPS beat the consensus estimate of $1.06 by $0.02.
How did Tradeweb Markets Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 21.2% from $509.7M a year earlier and eps grew 25.6% from $0.86.
Where can I find Tradeweb Markets Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001758730-26-000095) and the 10-Q periodic report (0001758730-26-000096) directly on SEC EDGAR. The filing index links above go to sec.gov.