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Tradeweb Markets Inc. TW Operating margin

Operating margin at other companies

Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
29.4%+4.6pp
CME Group logo
CME GroupCME
65.6%+0.6pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
41.1%+4.4pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
33.8%+6.8pp
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
10.8%-21.6pp
Broadridge Financial Solutions logo
Broadridge Financial SolutionsBR
17.1%+0.4pp

Other financials

Income statement

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Revenue$617.8M+21.2%
Operating income$287.3M+40.7%
Net income$205.3M+38.4%
EPS (diluted)$0.96+39.1%

Balance sheet

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Cash & equivalents$1.9B+48.3%
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

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Market cap$21.46B-20.9%
Enterprise value$19.67B-23.5%
P/E24.7×-27.1×
P/S9.9×-4.9×

Profitability

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Net margin40.3%+11.6pp

Returns & leverage

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Return on equity13.8%+4.7pp
Debt / equity0.0×

Where this comes from

Calculated from Tradeweb Markets Inc.’s reported figures.

Based on trailing twelve months.

The official record: Tradeweb Markets Inc.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tradeweb Markets Inc.'s operating margin?
Tradeweb Markets Inc. (TW) reported operating margin of 42.5% in Q1 2026.
How has Tradeweb Markets Inc.'s operating margin changed year-over-year?
Tradeweb Markets Inc.'s operating margin increased by 8.7% year-over-year, from 39.1% to 42.5%.
What is the long-term trend for Tradeweb Markets Inc.'s operating margin?
Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s operating margin has grown at a 5.4% compound annual growth rate (CAGR), from 128.5% to 158.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.