What is Tradeweb Markets Inc.'s total revenue?

Tradeweb Markets Inc. (TW) reported total revenue of $617.76M in Q1 2026.

How has Tradeweb Markets Inc.'s total revenue changed year-over-year?

Tradeweb Markets Inc.'s total revenue increased by 21.2% year-over-year, from $509.68M to $617.76M.

What is the long-term trend for Tradeweb Markets Inc.'s total revenue?

Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s total revenue has grown at a 17.5% compound annual growth rate (CAGR), from $1.08B to $2.05B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Tradeweb Markets Inc. TW Total Revenue

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Segments

By product

See full

Transaction fees and commissions$523.83M+24.3%

Subscription fees$55.78M—

LSEG market data fees$26.74M-7.5%

Other$6.92M+90.5%

By segment

See full

Reportable Segment$617.76M+21.2%

By geography

See full

U.S.$297.88M—

Other financials

Income statement

See full

Operating income$287.3M+40.7%

Net income$205.3M+38.3%

EPS (diluted)$0.96+39.1%

Balance sheet

See full

Cash & equivalents$1.9B+48.2%

Total debt$142.8M+343%

Total equity$6.6B+11.5%

Total assets$8.3B+12.6%

Cash flow

See full

Operating cash flow$103.8M+72.5%

CapEx$9.6M+483%

Free cash flow$94.2M+60.9%

Valuation

See full

Market cap$21.22B-28.1%

Enterprise value$19.43B-30.3%

P/E24.4×-28.4×

P/S9.8×-5.4×

Profitability

See full

Operating margin42.5%+3.4pp

Net margin40.3%+11.6pp

FCF margin53.8%+5.4pp

Returns & leverage

See full

Return on equity13.8%+4.7pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Tradeweb Markets Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 total revenue?: Tradeweb Markets Inc. (TW) reported total revenue of $617.76M in Q1 2026.
How has Tradeweb Markets Inc.'s total revenue changed year-over-year?: Tradeweb Markets Inc.'s total revenue increased by 21.2% year-over-year, from $509.68M to $617.76M.
What is the long-term trend for Tradeweb Markets Inc.'s total revenue?: Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s total revenue has grown at a 17.5% compound annual growth rate (CAGR), from $1.08B to $2.05B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.