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Tradeweb Markets Inc. TW Transaction fees and commissions — Total Revenue

Other product segments

Subscription fees
$55.78M
LSEG market data fees
$26.74M-7.5%
Other
$6.92M+90.5%

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SIEBRevenue From Commissions And Fees
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SNEXTotal commission and clearing fees — Total revenues
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BOKFBrokerage and trading revenue — Total fees and commissions revenue
$43.61M+40.4%

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 transaction fees and commissions — total revenue?
Tradeweb Markets Inc. (TW) reported transaction fees and commissions — total revenue of $523.83M in Q1 2026.
How has Tradeweb Markets Inc.'s transaction fees and commissions — total revenue changed year-over-year?
Tradeweb Markets Inc.'s transaction fees and commissions — total revenue increased by 24.3% year-over-year, from $421.34M to $523.83M.
What is the long-term trend for Tradeweb Markets Inc.'s transaction fees and commissions — total revenue?
Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s transaction fees and commissions — total revenue has grown at a 19.1% compound annual growth rate (CAGR), from $846.35M to $1.7B.
What does transaction fees and commissions — total revenue mean?
This metric represents the total revenue generated from transaction-based fees and commissions earned through an electronic trading platform. It captures the income derived from executing trades across various asset classes, including both variable fees based on trading volume and fixed fees for platform access or specific service tiers. This revenue stream is a primary indicator of the company's core trading activity and market share within the financial services sector.