Total Revenue
Tradeweb Markets Inc. Total Revenue increased by 18.5% to $617.76M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 21.2%, from $509.68M to $617.76M. Over 4 years (FY 2021 to FY 2025), Total Revenue shows an upward trend with a 17.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates market expansion or higher demand, while a decrease may signal market saturation or competitive pressure.
Detailed definition
Total revenue represents the gross inflow of economic benefits arising from the ordinary operating activities of the com...
Peer comparison
Standard across all public companies; peers in the medical device and diagnostics sector typically show steady growth correlated with product adoption.
total_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $260.84M | $265.33M | $276.88M | $311.49M | $297.14M | $287.12M | $293.04M | $329.25M | $310.61M | $328.36M | $370.00M | $408.74M | $404.95M | $448.92M | $463.34M | $509.68M | $512.97M | $508.60M | $521.18M | $617.76M |
| QoQ Change | — | +1.7% | +4.4% | +12.5% | -4.6% | -3.4% | +2.1% | +12.4% | -5.7% | +5.7% | +12.7% | +10.5% | -0.9% | +10.9% | +3.2% | +10.0% | +0.6% | -0.9% | +2.5% | +18.5% |
| YoY Change | — | — | — | — | +13.9% | +8.2% | +5.8% | +5.7% | +4.5% | +14.4% | +26.3% | +24.1% | +30.4% | +36.7% | +25.2% | +24.7% | +26.7% | +13.3% | +12.5% | +21.2% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Transaction fees and commissions | $330.48M | $373.49M | $384.13M | $421.34M | $429.77M | $421.31M | $428.01M | $523.83M |
| Subscription fees | $50.75M | $51.21M | $55.03M | $55.78M | $57.39M | $60.83M | $60.02M | $60.27M |
| LSEG market data fees | $20.58M | $20.51M | $20.55M | $28.93M | $20.57M | $20.53M | $23.17M | $26.74M |
| Other | $3.15M | $3.70M | $3.64M | $3.63M | $5.24M | $5.93M | $9.99M | $6.92M |
| Total | $404.95M | $448.92M | $463.34M | $509.68M | $512.97M | $508.60M | $521.18M | $617.76M |
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Reportable Segment | $509.68M | $512.97M | $508.60M | $521.18M | $617.76M |
| Total | $509.68M | $512.97M | $508.60M | $521.18M | $617.76M |
Geographic Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| International | $152.81M | $169.21M | $188.59M | $211.80M | $215.17M | $211.16M | $220.24M | $274.11M |
| Total | $404.95M | $448.92M | $463.34M | $509.68M | $512.97M | $508.60M | $521.18M | $617.76M |
Total Revenue at Other Companies
Frequently Asked Questions
- 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 total amount of money a company brings in from its primary business activities before any expenses.