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Tradeweb Markets Inc. TW Shares (Diluted)

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Other financials

Income statement

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Revenue$558.9M+9.0%
Operating income$245.3M+22.7%
Net income$181.3M+17.9%
EPS (diluted)$0.85+19.7%

Balance sheet

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Cash & equivalents$2.1B+26.2%
Total debt$150.3M+365%
Total equity$6.6B+8.8%
Total assets$8.3B+2.4%

Cash flow

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Operating cash flow$394.1M-3.7%
CapEx$8.3M+52.5%
Free cash flow$385.8M-4.4%

Valuation

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Market cap$21.4B-28.9%
Enterprise value$19.49B-31.6%
P/E23.9×-30.1×
P/S9.7×-5.9×

Profitability

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Operating margin43.7%+4.8pp
Net margin40.7%+11.8pp
FCF margin51.9%-0.2pp

Returns & leverage

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Return on equity14.1%+4.6pp
Debt / equity0.0×

Where this comes from

Reported directly by Tradeweb Markets Inc. in its filing.

Tagged under the XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding.

The source filing: Tradeweb Markets Inc.’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 7:04 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001758730-26-000133
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Less: Net income attributable to non-controlling interests25,36821,74053,25141,663
Net income attributable to Tradeweb Markets Inc.$181,318$153,782$386,602$302,164
Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders:
Basic$0.85$0.72$1.82$1.42
Diluted$0.85$0.71$1.81$1.40
Weighted average shares outstanding:
Basic212,463,597213,339,761212,573,754213,214,326
Diluted212,795,141214,971,946213,059,281214,934,378

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Tradeweb Markets Inc.'s shares (diluted)?
Tradeweb Markets Inc. (TW) reported shares (diluted) of 212.8M in Q2 2026.
How has Tradeweb Markets Inc.'s shares (diluted) changed year-over-year?
Tradeweb Markets Inc.'s shares (diluted) decreased by 1.0% year-over-year, from 215M to 212.8M.
What is the long-term trend for Tradeweb Markets Inc.'s shares (diluted)?
Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s shares (diluted) has grown at a 0.9% compound annual growth rate (CAGR), from 827.9M to 859.7M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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