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Tradeweb Markets Inc. TW Operating margin

Operating margin at other companies

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Nasdaq, Inc.NDAQ
29.5%+3.9pp
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65.1%-0.2pp
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MarketAxessMKTX
40.7%-0.6pp
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BioSig Technologies, Inc.STEX
-32,155%-14,261pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
40.7%+3.3pp
WisdomTree logo
WisdomTreeWT
36.6%+3.9pp

Other financials

Income statement

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Revenue$558.9M+9.0%
Operating income$245.3M+22.7%
Net income$181.3M+17.9%
EPS (diluted)$0.85+19.7%

Balance sheet

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Cash & equivalents$2.1B+26.2%
Total debt$150.3M+365%
Total equity$6.6B+8.8%
Total assets$8.3B+2.4%

Cash flow

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Operating cash flow$394.1M-3.7%
CapEx$8.3M+52.5%
Free cash flow$385.8M-4.4%

Valuation

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Market cap$21.4B-28.9%
Enterprise value$19.49B-31.6%
P/E23.9×-30.1×
P/S9.7×-5.9×

Profitability

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Net margin40.7%+11.8pp
FCF margin51.9%-0.2pp

Returns & leverage

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Return on equity14.1%+4.6pp
Debt / equity0.0×

Where this comes from

Calculated from Tradeweb Markets Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Tradeweb Markets Inc.’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 7:04 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001758730-26-000133

FAQ

What is Tradeweb Markets Inc.'s operating margin?
Tradeweb Markets Inc. (TW) reported operating margin of 43.7% in Q2 2026.
How has Tradeweb Markets Inc.'s operating margin changed year-over-year?
Tradeweb Markets Inc.'s operating margin increased by 12.4% year-over-year, from 38.9% to 43.7%.
What is the long-term trend for Tradeweb Markets Inc.'s operating margin?
Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s operating margin has grown at a 6.6% compound annual growth rate (CAGR), from 29.5% to 40.7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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