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+0.5% | $93.2M+13.5% | $90.58M+14.1% | $90.56M+21.8% | $90.57M+30.8% | |
| Other | $28.07M+98.8% | $24.79M+82.3% | $18.44M+43.5% | $16.22M+32.9% | $14.12M+17.8% | |
| Subscription fees | $236.64M+12.1% | $232.18M+13.3% | $227.26M+15.2% | $217.67M+13.1% | $211M+12.6% | |
| Subscription fees | $238.51M+12.1% | $234.02M+13.2% | $229.03M+15.0% | $219.4M+12.9% | $212.76M+12.4% | |
| Transaction fees and commissions | $1.8B+19.4% | $1.7B+19.5% | $1.66B+23.5% | $1.61B+30.7% | $1.51B+31.6% | |
| Total Revenue by Geography | ||||||
| International | $920.68M+27.4% | $858.37M+29.0% | $826.72M+34.7% | $784.77M+38.9% | $722.41M+38.4% | |
| U.S. | $1.24B+12.3% | $1.19B+12.6% | $1.17B+14.6% | $1.15B+21.5% | $1.1B+23.3% | |
| Long-Lived Assets by Geography | ||||||
| International | $122.92M+8.2% | $117.51M+9.6% | $115.24M+17.5% | $113.91M+36.0% | $113.57M+68.1% | |
| U.S. | $18.9B+3.0% | $18.93B+6.9% | $18.97B+12.1% | $19B+17.7% | $18.35B+14.2% |
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.
