Tradeweb Markets Inc. TW Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Product | ||||||
| LSEG market data fees | $91.01M-2.3% | $93.2M+2.9% | $90.58M0.0% | $90.56M0.0% | $90.57M+10.3% | |
| Other | $28.07M+13.3% | $24.79M+34.5% | $18.44M+13.7% | $16.22M+14.8% | $14.12M+3.9% | |
| Subscription fees | $236.64M+1.9% | $232.18M+2.2% | $227.26M+4.4% | $217.67M+3.2% | $211M+3.0% | |
| Subscription fees | $238.51M+1.9% | $234.02M+2.2% | $229.03M+4.4% | $219.4M+3.1% | $212.76M+2.9% | |
| Transaction fees and commissions | $1.8B+6.0% | $1.7B+2.6% | $1.66B+3.0% | $1.61B+6.6% | $1.51B+6.0% | |
| Total Revenue by Geography | ||||||
| International | $920.68M+7.3% | $858.37M+3.8% | $826.72M+5.3% | $784.77M+8.6% | $722.41M+8.6% | |
| U.S. | $1.24B+3.8% | $1.19B+2.2% | $1.17B+1.5% | $1.15B+4.1% | $1.1B+4.1% | |
| Long-Lived Assets by Geography | ||||||
| International | $122.92M+4.6% | $117.51M+2.0% | $115.24M+1.2% | $113.91M+0.3% | $113.57M+5.9% | |
| U.S. | $18.9B-0.1% | $18.93B-0.2% | $18.97B-0.2% | $19B+3.5% | $18.35B+3.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Tradeweb Markets Inc. break its business down?
- Tradeweb Markets Inc. (TW) reports total revenue by product across 5 parts — LSEG market data fees, Other, Subscription fees, Subscription fees and Transaction fees and commissions. Each is extracted from the segment footnotes and tracked over time.
- Where does Tradeweb Markets Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Tradeweb Markets Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
