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Tradeweb Markets Inc. TW Business Segments — Total Revenue

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Other financials

Income statement

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Revenue$617.8M+21.2%
Operating income$287.3M+40.7%
Net income$205.3M+38.3%
EPS (diluted)$0.96+39.1%

Balance sheet

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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

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Operating cash flow$103.8M+72.5%
CapEx$9.6M+483%
Free cash flow$94.2M+60.9%

Valuation

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Market cap$21.22B-28.1%
Enterprise value$19.43B-30.3%
P/E24.4×-28.4×
P/S9.8×-5.4×

Profitability

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Operating margin42.5%+3.4pp
Net margin40.3%+11.6pp
FCF margin53.8%+5.4pp

Returns & leverage

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Return on equity13.8%+4.7pp
Debt / equity0.0×

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 business segments — total revenue?
Tradeweb Markets Inc. (TW) reported business segments — total revenue of $617.76M in Q1 2026.
How has Tradeweb Markets Inc.'s business segments — total revenue changed year-over-year?
Tradeweb Markets Inc.'s business segments — 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 business segments — total revenue?
Over 3 years (2022 to 2025), Tradeweb Markets Inc.'s business segments — total revenue has grown at a 20.0% compound annual growth rate (CAGR), from $1.19B to $2.05B.
What does business segments — total revenue mean?
Represents the total gross income generated by the company's primary business segment through trading commissions, platform fees, and market data services. This figure reflects the top-line performance of the core electronic trading network before the deduction of any operating expenses. It serves as the primary indicator of market share and trading volume activity within the fixed-income and derivatives markets.