Tradeweb Markets Inc. TW Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Product | ||||||
| LSEG market data fees | $26.74M-7.5% | $23.17M+12.7% | $20.53M+0.1% | $20.57M-0.1% | $28.93M+41.1% | |
| Other | $6.92M+90.5% | $9.99M+175% | $5.93M+60.0% | $5.24M+66.5% | $3.63M+16.9% | |
| Subscription fees | $59.77M+8.1% | $59.53M+9.0% | $60.38M+18.9% | $56.95M+13.3% | $55.32M+12.4% | |
| Subscription fees | $60.27M+8.1% | $60.02M+9.1% | $60.83M+18.8% | $57.39M+13.1% | $55.78M+12.3% | |
| Transaction fees and commissions | $523.83M+24.3% | $428.01M+11.4% | $421.31M+12.8% | $429.77M+30.0% | $421.34M+25.6% | |
| Total Revenue by Geography | ||||||
| International | $274.11M+29.4% | $220.24M+16.8% | $211.16M+24.8% | $215.17M+40.8% | $211.8M+37.0% | |
| U.S. | $343.65M+15.4% | $300.94M+9.5% | $297.44M+6.3% | $297.8M+18.1% | $297.88M+17.2% | |
| Long-Lived Assets by Geography | ||||||
| International | $32.44M+20.0% | $31.75M+7.7% | $30.82M+4.5% | $27.91M+1.2% | $27.04M+30.9% | |
| U.S. | $4.7B-0.6% | $4.74B-0.8% | $4.77B-0.6% | $4.69B+15.9% | $4.73B+16.0% |
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.
