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Tradeweb Markets Inc. TW Q1 2026 earnings

Reported April 29, 2026 · Before market open

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

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

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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

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

Valuation & ratios

Valuation

as of 07/23/26
See full
Market cap$20.72B-27.8%
Enterprise value$18.92B-30.1%
P/E23.8×-27.6×
P/S9.6×-5.2×

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%

Versus estimates

Revenue

Q1 2026$617.8MBeat by $599.8K
Q4 2025$521.2MBeat by $4.2MQ3 2025$508.6MBeat by $1.1MQ2 2025$513.0MMiss by $1.4MQ1 2025$509.7MMiss by $2.3MQ4 2024$463.3MBeat by $5.3M

Diluted EPS

Q1 2026$1.08Beat by $0.02
Q4 2025$0.87Beat by $0.02Q3 2025$0.87Beat by $0.04Q2 2025$0.87Beat by $0.01Q1 2025$0.86Beat by $0.00Q4 2024$0.76Beat by $0.01

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Questions, answered.

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 diluted 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 diluted 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.