Tradeweb Markets (TW) Stock Price

Tradeweb Markets Price

NASDAQ·CLOSED
100.50USD+2.70 (+2.72 %)
Market closed

Over the last 20 years Tradeweb Markets grew revenue by 2.4% annually, reaching 2.05 B USD. Earnings per share have grown at 27.4% per year over the last 8 years. For Tradeweb Markets, the net margin of 39.6% is up versus 21.1% a few years ago. At today's price the dividend yield works out to roughly 0.48%. The payout ratio is around 13% of earnings. The dividend has grown at 9.7% per year over the past 20 years. The consensus 12-month price target for Tradeweb Markets is 126.48 USD, about 25.9% above where the stock trades today. Of 22 analysts, 14 rate the stock a buy — an overall Buy consensus. The stock trades about 10% above its 52-week low.

Tradeweb Markets stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Tradeweb Markets over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Tradeweb Markets stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Tradeweb Markets's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Tradeweb Markets Stock Price History
DateTradeweb Markets Price
8/1/2026100.50 USD
7/31/202697.80 USD
7/30/2026106.35 USD
7/28/2026101.81 USD
7/24/202699.85 USD
7/23/202698.85 USD
7/22/202697.29 USD
7/21/2026100.52 USD
7/18/202699.90 USD
7/17/2026101.19 USD
7/16/2026100.68 USD
7/15/202698.83 USD
7/14/202698.91 USD
7/11/202697.86 USD
7/10/202697.12 USD
7/9/2026101.04 USD
7/8/2026100.26 USD
7/7/2026102.69 USD
7/3/2026102.79 USD
7/2/2026101.49 USD
7/1/202699.66 USD
6/30/202692.20 USD
6/27/202693.52 USD
6/26/202691.50 USD
6/25/202696.05 USD
6/24/202699.18 USD
6/23/202698.67 USD
6/19/2026101.36 USD
6/18/202699.96 USD
6/17/202699.90 USD
6/16/2026101.38 USD
6/13/2026100.33 USD
6/12/202699.85 USD
6/11/2026100.23 USD
6/10/202699.68 USD
6/9/202698.28 USD
6/6/2026102.15 USD
6/5/2026102.45 USD
6/4/202699.00 USD
6/3/202696.19 USD
6/2/2026101.52 USD
5/30/202699.45 USD
5/29/2026100.60 USD
5/28/2026100.18 USD
5/27/2026102.96 USD
5/23/2026105.56 USD
5/22/2026106.98 USD
5/21/2026107.60 USD
5/20/2026110.84 USD
5/19/2026112.43 USD
5/16/2026110.94 USD
5/15/2026109.78 USD
5/14/2026109.87 USD
5/13/2026109.21 USD
5/12/2026109.94 USD
5/9/2026108.81 USD
5/8/2026110.45 USD
5/7/2026109.43 USD
5/6/2026110.21 USD
5/5/2026112.56 USD
5/2/2026111.68 USD
5/1/2026113.25 USD
4/30/2026118.12 USD
4/29/2026112.36 USD
4/28/2026111.44 USD
4/25/2026113.29 USD
4/24/2026113.62 USD
4/23/2026114.04 USD
4/22/2026114.56 USD
4/21/2026115.12 USD
4/18/2026118.34 USD
4/17/2026118.34 USD
4/16/2026121.96 USD
4/15/2026120.71 USD
4/14/2026121.43 USD
4/13/2026124.06 USD
4/11/2026121.44 USD
4/10/2026121.44 USD
4/9/2026122.41 USD
4/8/2026126.44 USD
4/7/2026124.82 USD
4/6/2026123.56 USD
4/3/2026123.20 USD
4/2/2026123.20 USD
4/1/2026118.56 USD
3/31/2026117.66 USD
3/30/2026116.87 USD
3/28/2026116.57 USD
3/27/2026116.57 USD
3/26/2026117.64 USD
3/25/2026119.95 USD
3/24/2026123.33 USD
3/23/2026124.16 USD
3/21/2026125.15 USD
3/20/2026125.15 USD
3/19/2026126.01 USD
3/18/2026123.44 USD
3/17/2026126.17 USD
3/16/2026124.01 USD
3/14/2026124.42 USD
3/13/2026124.42 USD
3/12/2026123.50 USD
3/11/2026123.36 USD
3/10/2026124.83 USD
3/9/2026126.57 USD
3/7/2026124.59 USD
3/6/2026124.49 USD
3/5/2026124.58 USD
3/4/2026125.61 USD
3/3/2026122.99 USD
2/28/2026123.26 USD
2/27/2026121.96 USD
2/26/2026120.75 USD
2/25/2026121.09 USD
2/24/2026118.00 USD
2/21/2026119.47 USD
2/20/2026118.95 USD
2/19/2026116.95 USD
2/18/2026114.32 USD
2/14/2026113.41 USD
2/13/2026116.01 USD
2/12/2026115.02 USD
2/11/2026116.72 USD
2/10/2026115.66 USD
2/7/2026112.13 USD
2/6/2026109.53 USD
2/5/2026100.82 USD
2/4/202699.48 USD
2/3/2026102.83 USD
1/31/2026103.07 USD
1/30/2026103.14 USD
1/29/2026103.74 USD
1/28/2026103.85 USD
1/27/2026106.34 USD
1/24/2026102.80 USD
1/23/2026103.55 USD
1/22/2026103.75 USD
1/21/2026103.68 USD
1/17/2026106.26 USD
1/16/2026104.11 USD
1/15/2026105.41 USD
1/14/2026103.78 USD
1/13/2026104.93 USD
1/10/2026103.87 USD
1/9/2026103.98 USD
1/8/2026106.15 USD
1/7/2026110.72 USD
1/6/2026110.50 USD
1/3/2026106.20 USD
1/1/2026107.54 USD
12/31/2025107.86 USD
12/30/2025108.27 USD
12/27/2025107.80 USD
12/25/2025107.24 USD
12/24/2025107.27 USD
12/23/2025106.25 USD
12/20/2025104.52 USD
12/19/2025103.46 USD
12/18/2025104.65 USD
12/17/2025103.83 USD
12/16/2025104.20 USD
12/13/2025107.17 USD
12/12/2025108.01 USD
12/11/2025106.79 USD
12/10/2025107.01 USD
12/9/2025105.42 USD
12/6/2025107.77 USD
12/5/2025107.91 USD
12/4/2025108.06 USD
12/3/2025106.26 USD
12/2/2025106.79 USD
11/29/2025108.86 USD
11/27/2025107.92 USD
11/26/2025107.50 USD
11/25/2025105.10 USD
11/22/2025106.46 USD
11/21/2025106.81 USD
11/20/2025107.43 USD
11/19/2025109.63 USD
11/18/2025109.65 USD
11/15/2025109.52 USD
11/14/2025110.03 USD
11/13/2025109.92 USD
11/12/2025110.36 USD
11/11/2025109.51 USD
11/8/2025109.11 USD
11/7/2025106.88 USD
11/6/2025104.41 USD
11/5/2025104.85 USD
11/4/2025105.33 USD
11/1/2025105.39 USD
10/31/2025104.15 USD
10/30/2025105.44 USD
10/29/2025108.04 USD
10/28/2025109.84 USD
10/25/2025110.48 USD
10/24/2025110.77 USD
10/23/2025110.30 USD
10/22/2025108.27 USD
10/21/2025108.88 USD
10/18/2025106.92 USD
10/17/2025106.49 USD
10/16/2025107.92 USD
10/15/2025108.23 USD
10/14/2025108.37 USD
10/11/2025107.18 USD
10/10/2025108.69 USD
10/9/2025107.81 USD
10/8/2025104.59 USD
10/7/2025103.59 USD
10/4/2025109.99 USD
10/3/2025107.99 USD
10/2/2025107.60 USD
10/1/2025110.98 USD
9/30/2025111.37 USD
9/29/2025111.37 USD
9/26/2025110.98 USD
9/25/2025110.50 USD
9/24/2025111.65 USD
9/23/2025111.97 USD
9/20/2025111.85 USD
9/19/2025112.52 USD
9/18/2025117.21 USD
9/17/2025117.24 USD
9/16/2025116.79 USD
9/13/2025117.93 USD
9/12/2025119.61 USD
9/11/2025118.51 USD
9/10/2025119.36 USD
9/9/2025119.32 USD
9/6/2025119.10 USD
9/5/2025123.39 USD
9/4/2025126.80 USD
9/3/2025124.98 USD
8/30/2025123.37 USD
8/29/2025124.06 USD
8/28/2025126.08 USD
8/27/2025126.77 USD
8/26/2025126.21 USD
8/23/2025128.48 USD
8/22/2025129.45 USD
8/21/2025130.41 USD
8/20/2025128.02 USD
8/19/2025128.76 USD
8/16/2025130.21 USD
8/15/2025130.55 USD
8/14/2025130.68 USD
8/13/2025131.10 USD
8/12/2025134.85 USD
8/9/2025135.46 USD
8/8/2025138.30 USD
8/7/2025137.13 USD
8/6/2025140.54 USD
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Tradeweb Markets Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
1.34 B USD
505.27 M USD
364.87 M USD
Jan 1, 2024
1.73 B USD
678.03 M USD
501.51 M USD
Jan 1, 2025
2.05 B USD
845.12 M USD
812.79 M USD
Jan 1, 2026 (e)
2.35 B USD
985.12 M USD
855.44 M USD
Jan 1, 2027 (e)
2.61 B USD
1.10 B USD
972.02 M USD
Jan 1, 2028 (e)
2.89 B USD
1.21 B USD
1.10 B USD
Jan 1, 2029 (e)
3.15 B USD
1.32 B USD
1.19 B USD
Jan 1, 2030 (e)
3.46 B USD
1.45 B USD
1.47 B USD

Tradeweb Markets Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 5, 2026, 1:32 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201420162017201820192020202120222023202420252026e2027e2028e2029e2030e
3.640.490.500.660.780.891.081.191.341.732.052.352.612.893.153.46
4.68-86.502.4430.3617.9615.1020.6310.4112.6328.9218.9614.3811.2510.728.969.81
29.6153.4650.6056.0157.5560.8762.1763.6465.5565.6867.3067.3067.3067.3067.3067.30
1.080.260.260.370.450.540.670.760.881.131.381.581.761.952.122.33
0.600.090.090.170.190.260.360.410.510.680.850.991.101.211.321.45
16.3318.9017.6626.1824.3929.4833.4634.6837.7439.3041.1841.9741.9441.9641.9441.95
0.380.090.080.160.080.170.230.310.360.500.810.860.971.101.191.47
6.96-75.78-10.7591.57-47.80100.0036.1436.7317.8037.6462.085.3013.6813.177.8223.61
––––0.320.320.320.320.360.400.480.560.610.66––
––––––––12.5011.1120.0016.678.938.20––
214.74214.74153.68123.38167.07197.75208.28210.33213.83214.93214.74214.74214.74214.74214.74214.74
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Tradeweb Markets generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Tradeweb Markets retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Tradeweb Markets's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Tradeweb Markets has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Tradeweb Markets's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Tradeweb Markets stock margins

The Tradeweb Markets margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Tradeweb Markets. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Tradeweb Markets.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
62.17 %
33.48 %
21.07 %
Jan 1, 2022
63.62 %
34.71 %
26.02 %
Jan 1, 2023
65.60 %
37.76 %
27.27 %
Jan 1, 2024
65.66 %
39.28 %
29.06 %
Jan 1, 2025
67.32 %
41.18 %
39.60 %
Jan 1, 2026 (e)
67.32 %
41.96 %
36.43 %
Jan 1, 2027 (e)
67.32 %
41.96 %
37.22 %
Jan 1, 2028 (e)
67.32 %
41.96 %
38.07 %

Tradeweb Markets Stock Revenue, EBIT, Earnings per Share

The Tradeweb Markets earnings per share therefore indicates how much revenue Tradeweb Markets has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
5.17 USD
1.73 USD
1.09 USD
Jan 1, 2022
5.65 USD
1.96 USD
1.47 USD
Jan 1, 2023
6.26 USD
2.36 USD
1.71 USD
Jan 1, 2024
8.03 USD
3.15 USD
2.33 USD
Jan 1, 2025
9.56 USD
3.94 USD
3.78 USD
Jan 1, 2026 (e)
11.04 USD
4.59 USD
4.02 USD
Jan 1, 2027 (e)
12.28 USD
5.10 USD
4.57 USD
Jan 1, 2028 (e)
13.60 USD
5.65 USD
5.18 USD

Tradeweb Markets business model & stock analysis

Tradeweb Markets Inc. is a global financial technology company specializing in electronic trading platforms for fixed income securities and derivatives. Founded in 1996, Tradeweb is headquartered in New York City and operates trading platforms in North America, Europe, and Asia. The company started as a joint venture between Tradeweb LLC and Thomson Reuters (now Refinitiv), with the goal of creating an electronic trading system for institutions and traders. Over the years, Tradeweb expanded into new business areas and eventually went public in April 2019. Tradeweb Markets offers a variety of trading platforms for different types of assets, including government bonds, corporate bonds, mortgage-backed securities, swaps, interest rates, and FX derivatives. The company is known for its innovative trading platforms that use technologies like adaptive algorithms and machine learning to create intelligent electronic trading experiences. Tradeweb also has a growing product range tailored to the needs of customers in various industries, including the integration of pension funds and asset management companies into the trading platform, as well as a solution for trading corporate bonds. In Europe, Tradeweb is one of the largest trading venues for fixed income securities and derivatives and has significantly expanded in recent years. The company has trading venues in the UK, France, Germany, Italy, and Spain, allowing investors to trade bonds and derivatives from Europe and around the world. One key reason for Tradeweb's success in Europe is its close collaboration with regulatory authorities to ensure that its trading platforms comply with requirements such as MiFID II and other regulations. In North America, Tradeweb holds a leading position in providing trading platforms for treasuries, agency securities, and credit swaps. Its target audience includes investment banks, hedge funds, and institutional investors. Here too, the company aims to adapt to changing market conditions and regulatory requirements. Tradeweb Markets is betting on the future of electronic trading and expects that more and more institutional investors will conduct their business online. The company has invested heavily in technological innovations and strategic acquisitions, such as the ETF-focused platform RBC Dain Rauscher. The acquisition of technology service provider BondDesk has significantly strengthened Tradeweb's offering. With its current listing on Forbes' list of America's best companies, it is clear that the company is on a promising path to the digital future, even though the continuation of its expansion successes in the future is by no means certain. Overall, Tradeweb Markets is an important player in the world of electronic trading of fixed income securities and derivatives. With a wide range of trading platforms and products, as well as a focus on technological innovation and customer service, the company is well positioned to continue its success in the coming years.

Tradeweb Markets SWOT Analysis

Strengths

Tradeweb Markets Inc is a dominant player in the electronic trading industry, with a strong market position and a wide customer base. Its advanced technology platform and network effect provide a significant competitive advantage.

Tradeweb offers a diverse range of products and services, including trading solutions for government bonds, mortgage-backed securities, derivatives, and more. This broad offering allows the company to cater to various client needs and revenue streams.

Tradeweb has established long-standing relationships with major financial institutions, including banks, asset managers, and institutional investors. These partnerships provide a reliable source of trading volumes and generate recurring revenue for the company.

Weaknesses

Tradeweb's performance is heavily influenced by market conditions, such as interest rates, economic stability, and investor sentiment. A downturn in the financial markets could impact trading volumes and reduce the company's revenue.

As an electronic trading platform, Tradeweb faces the risk of cyberattacks and unauthorized access to sensitive customer data. Any breach in security could harm the company's reputation, lead to financial losses, and erode customer trust.

The financial markets are subject to extensive regulations, and any changes in regulatory requirements or compliance standards could increase operating costs for Tradeweb. Adapting to new regulations and ensuring compliance may pose challenges.

Opportunities

Tradeweb has the opportunity to expand its operations into emerging markets or regions where electronic trading adoption is growing. This expansion can unlock new customer segments, diversify revenue sources, and increase market share.

The ongoing advancements in technology, such as artificial intelligence, machine learning, and blockchain, present opportunities for Tradeweb to enhance its trading platform and offer innovative solutions. Embracing these technologies can improve efficiency, attract new customers, and drive growth.

Tradeweb can explore partnerships or collaborations with fintech companies to leverage their expertise in areas like data analytics, automation, and risk management. Such collaborations can help the company stay competitive and provide added value to its clients.

Threats

The electronic trading industry is highly competitive, with several established players and new entrants vying for market share. Tradeweb faces the risk of losing customers to competitors offering similar services or pricing advantages.

Fluctuations in financial markets and increased volatility can disrupt trading activities, leading to reduced transaction volumes and revenue for Tradeweb. The company needs to navigate these market uncertainties effectively to mitigate the adverse impact.

During economic downturns, trading volumes tend to decrease as investors become more risk-averse. Tradeweb's revenue may be negatively affected during such periods, highlighting the need for effective risk management strategies.

Tradeweb Markets Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Tradeweb Markets Employees
Details
Date
Tradeweb Markets Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Tradeweb Markets Segments

Tradeweb Markets Revenue by Segment (1/3)

  • Max

Subscription fees
Transaction fees and commissions
LSEG market data fees
Other
Details
Date
Subscription fees
Transaction fees and commissions
Subscription fee revenue from granting access to institutional investors to the entity's electronic marketplaces
Transaction fees
Transaction fee revenues, both variable and fixed, recorded at a point in time when the trade occurs
LSEG market data fees
Refinitiv market data fees
Market data revenue earned from the sale of market data to Refinitiv, which redistributes the data. Includes real-time market data fees and historical data sets
Commissions
Commission revenue from electronic and voice brokerage services on a riskless principal basis recorded on a trade-date basis
Financial Service Other
Other
Jan 1, 2024
1.18 M USD
148.91 M USD
0.00 USD
0.00 USD
0.00 USD
82.15 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
677,000.00 USD
Jan 1, 2025
1.38 M USD
191.02 M USD
0.00 USD
0.00 USD
0.00 USD
93.20 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
583,000.00 USD

Tradeweb Markets Revenue by Segment (2/3)

  • Max

Subscription fees
Details
Date
Subscription fees
Subscription Fees including Refinitiv market data fees
Subscription fee revenue from granting access to institutional investors to the entity's electronic marketplaces and fees from the sale of market data to Refinitiv
Jan 1, 2024
204.90 M USD
0.00 USD
0.00 USD
Jan 1, 2025
232.18 M USD
0.00 USD
0.00 USD

Tradeweb Markets Revenue by Segment (3/3)

  • Max

Reportable Segment
Details
Date
Reportable Segment
Jan 1, 2024
1.73 B USD
Jan 1, 2025
2.05 B USD

Tradeweb Markets Revenue by Region

  • 3 Years

  • 5 Years

  • Max

United States
International
Details
Date
United States
International
Jan 1, 2019
497.32 M USD
278.25 M USD
Jan 1, 2020
570.06 M USD
322.60 M USD
Jan 1, 2021
673.22 M USD
403.22 M USD
Jan 1, 2022
760.64 M USD
428.14 M USD
Jan 1, 2023
850.34 M USD
487.88 M USD
Jan 1, 2024
1.06 B USD
665.25 M USD
Jan 1, 2025
1.19 B USD
858.37 M USD

Tradeweb Markets Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Tradeweb Markets historical P/E ratio, EBIT multiple, and P/S ratio

Tradeweb Markets annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Tradeweb Markets shares outstanding

The number of shares of Tradeweb Markets was 214.74 M in 2025. This indicates how many shares Tradeweb Markets is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
208.28 M Stocks
Jan 1, 2022
210.33 M Stocks
Jan 1, 2023
213.83 M Stocks
Jan 1, 2024
214.93 M Stocks
Jan 1, 2025
214.74 M Stocks
Jan 1, 2026 (e)
214.74 M Stocks
Jan 1, 2027 (e)
214.74 M Stocks
Jan 1, 2028 (e)
214.74 M Stocks

Tradeweb Markets Dividend History

19 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.42USDYTD—3×
Mar 2, 20260.14USD↑ 16.7%1/3
Jun 1, 20260.14USD 0.0%2/3
Sep 1, 2026Declared0.14USD 0.0%3/3
20250.48USD↑ 20.0%4×
Mar 3, 20250.12USD↑ 20.0%1/4
Jun 2, 20250.12USD 0.0%2/4
Sep 2, 20250.12USD 0.0%3/4
Dec 1, 20250.12USD 0.0%4/4
20240.40USD↑ 11.1%4×
20230.36USD↑ 12.5%4×
20220.32USD 0.0%4×
20210.32USD 0.0%4×
20200.32USD↑ 33.3%4×
20190.24USD↓ 95.1%3×
20164.87USD↓ 53.4%1×
201510.45USD↑ 7,364.3%4×

Tradeweb Markets dividend history and estimates

In 2025, Tradeweb Markets paid a dividend amounting to 0.48 USD. Dividend means that Tradeweb Markets distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
0.32 USD
0.00 USD
Jan 1, 2022
0.32 USD
0.00 USD
Jan 1, 2023
0.36 USD
0.00 USD
Jan 1, 2024
0.40 USD
0.00 USD
Jan 1, 2025
0.48 USD
0.00 USD
Jan 1, 2026 (e)
0.42 USD
0.14 USD
Jan 1, 2027 (e)
0.00 USD
0.61 USD
Jan 1, 2028 (e)
0.00 USD
0.66 USD

Tradeweb Markets dividend payout ratio

In 2025, Tradeweb Markets had a payout ratio of 12.68%. The payout ratio indicates the percentage of the company's profits that Tradeweb Markets distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
29.38 %
Jan 1, 2022
21.76 %
Jan 1, 2023
21.10 %
Jan 1, 2024
17.14 %
Jan 1, 2025
12.68 %
Jan 1, 2026 (e)
13.92 %
Jan 1, 2027 (e)
13.28 %
Jan 1, 2028 (e)
12.72 %

Current Tradeweb Markets forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
63.64 % (14)
Hold
36.36 % (8)
Sell
0.00 % (0)
12M Price Target
126.48
Last Price
101.68
Currency
USD
12M Return Potential
24.40 %
LTM Return
0 %

Tradeweb Markets Analyst Rating Actions

DateFirmActionRatingReliability
7/31/2026
TD Cowen
TD Cowen
MaintainedHold60
7/31/2026
Piper Sandler
Piper Sandler
MaintainedNeutral51
7/31/2026
Barclays
Barclays
MaintainedEqual Weight33
7/16/2026
JP Morgan
JP Morgan
MaintainedOverweight80
7/10/2026
Morgan Stanley
Morgan Stanley
MaintainedEqual Weight60
7/9/2026
Barclays
Barclays
MaintainedEqual Weight33
7/7/2026
Raymond James
Raymond James
MaintainedOutperform74
6/30/2026
Goldman Sachs
Goldman Sachs
UpgradeNeutralBuy–
6/22/2026
TD Cowen
TD Cowen
MaintainedHold60
5/11/2026
UBS
UBS
MaintainedBuy51

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Tradeweb Markets Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/30/20260.98USD-581.77 MUSD-2026 Q2
4/29/20261.08USD-618.53 MUSD-2026 Q1
2/5/20260.87USD-530.99 MUSD-2025 Q4
4/25/20240.64USD-379.01 MUSD-2024 Q1
1/31/20240.59USD-349.03 MUSD-2023 Q4
8/1/20230.54USD-331.18 MUSD-2023 Q2
4/26/20230.54USD-335.90 MUSD-2023 Q1
2/1/20230.47USD-297.43 MUSD-2022 Q4
10/27/20220.45USD-291.05 MUSD-2022 Q3
8/3/20220.47USD-302.48 MUSD-2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Tradeweb Markets stock

61/100
59
Environment
99
Social
24
Governance
E

Environment

20
Scope 1 - Direct Emissions23
Scope 2 - Indirect emissions from purchased energy4,722
Scope 3 - Indirect emissions within the value chain18,300
Total CO₂ emissions4,745
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees32.1
Percentage of women in management—
Percentage of Asian employees31.17
Share of Asian management27.984
Percentage of Hispanic/Latino employees4.05
Hispano/Latino Management share2.056
Percentage of Black employees5.03
Black Management Share2.881
Percentage of white employees59.14
White Management Share66.256
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Tradeweb Markets shareholder structure

% Name
7.02785%
PRICE T ROWE ASSOCIATES INC /MD/
PRICE T ROWE ASSOCIATES INC /MD/
3.52988%
WELLINGTON MANAGEMENT GROUP LLP
WELLINGTON MANAGEMENT GROUP LLP
3.21221%
BLACKROCK, INC.
BLACKROCK, INC.
2.63882%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
2.44169%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
1.59874%
T. ROWE PRICE INVESTMENT MANAGEMENT, INC.
T. ROWE PRICE INVESTMENT MANAGEMENT, INC.
...

Tradeweb Markets Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.5%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
65.30%
Refinitiv Holdings Limited
Refinitiv Holdings Limited
SEC ↗
50.80%
Refinitiv Parent Limited
Refinitiv Parent Limited
SEC ↗
50.80%
London Stock Exchange Group plc
London Stock Exchange Group plc
SEC ↗
45.50%
Refinitiv TW Holdings Ltd.
Refinitiv TW Holdings Ltd.
SEC ↗
16.50%
Refinitiv US PME LLC
Refinitiv US PME LLC
SEC ↗
16.50%
Refinitiv US LLC
Refinitiv US LLC
SEC ↗
16.50%
LSEG US Holdco, Inc.
LSEG US Holdco, Inc.
SEC ↗
16.50%
LSEGA, Inc.
LSEGA, Inc.
SEC ↗
13.60%
T. Rowe Price Associates, Inc.
T. Rowe Price Associates, Inc.
SEC ↗
11.00%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗

Tradeweb Markets Executives and Management Board

19 members · avg. age 56 · 37 % women

WH

Mr. William Hult (55)

Chief Executive Officer, Director · since 2018

16.74 M USD

Management

SF

Ms. Sara Furber (50)

Chief Financial Officer

6.75 M USD
EB

Mr. Enrico Bruni (53)

Managing Director, Head of Europe and Asia Business

6.29 M USD
JP

Mr. Justin Peterson (62)

Chief Technology Officer

4.61 M USD
AC

Ms. Amy Clack (54)

Chief Administrative Officer

4.56 M USD
TD

Mr. Troy Dixon (53)

Managing Director, Co-Head of Global Markets · since 2023

221,889.00 USD
SZ

Mr. Scott Zucker (56)

Chief Risk Officer

–

Board of Directors

JA

Mr. Jacques Aigrain (70)

Independent Chairman of the Board

484,958.00 USD
PM

Ms. Paula Madoff (57)

Lead Independent Director

372,452.00 USD
SB

Mr. Steven Berns (60)

Independent Director

279,922.00 USD
SG

Mr. Scott Ganeles (61)

Independent Director

277,422.00 USD
RY

Ms. Rana Yared (41)

Independent Director

264,922.00 USD
LO

Ms. Lisa Opoku (53)

Independent Director

262,564.00 USD

Tradeweb Markets Supply Chain

Tradeweb Markets Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
2 companies
#NameTrend
1
London Stock Exch Grp
Supplier·Customer·Capital Markets·GB
-0.37
0.77
0.38
-0.18
-0.24
-0.68
2
SimCorp
Customer·Software·DK
-0.64
-0.47
0.45
0.70
0.41
-0.20

Frequently asked questions about Tradeweb Markets

The business model of Tradeweb Markets Inc revolves around operating electronic marketplaces for fixed income, derivatives, and ETFs. As a leading provider of online trading and technology solutions, Tradeweb enables institutional investors and dealers to efficiently trade a wide range of financial instruments. Through its innovative platform, the company offers advanced trading tools, price discovery, post-trade processing, and integrated workflows. Tradeweb Markets Inc's business model plays a vital role in enhancing market transparency, liquidity, and efficiency, benefiting market participants across the globe. The company's commitment to technology-driven solutions positions it as a trusted partner in the financial industry.

Tradeweb Markets Inc is primarily active in the financial services industry.

The main competitors of Tradeweb Markets Inc in the market include Bloomberg LP, MarketAxess Holdings Inc, and CME Group Inc.

Tradeweb Markets Inc. is a leading provider of electronic trading platforms and marketplaces. Established in 1996, the company revolutionized the way trading operates by introducing electronic trading for fixed income securities. Tradeweb expanded its offerings over the years to include a wide range of asset classes, such as equities, derivatives, and more. With a strong focus on innovation and technology, Tradeweb has become a trusted name in the financial industry. The company's commitment to providing efficient, transparent, and reliable trading services has contributed to its global recognition and extensive client base across the globe. Today, Tradeweb continues to shape the future of electronic trading, empowering market participants with its cutting-edge solutions.

Tradeweb Markets Inc has achieved several significant milestones. It became a publicly traded company in April 2019, listed on the Nasdaq Global Select Market under the symbol TW. In 2020, Tradeweb reached $1 trillion in average daily volume, highlighting its strong market presence and liquidity. It also expanded its product offerings by launching the world's first institutional electronic trading platform for the Chinese bond market in collaboration with a local Chinese partner. Furthermore, Tradeweb has consistently been recognized for its innovation and excellence in the industry, winning numerous awards for its technology and trading solutions. Overall, Tradeweb Markets Inc has successfully grown and established itself as a leading player in the global financial markets.

Tradeweb Markets Inc is primarily present in various countries and regions around the world. The company has a strong global presence and operates in multiple key financial markets. Some of the primary countries and regions where Tradeweb operates include the United States, Europe, Asia-Pacific, and the Middle East. With its advanced electronic trading platform, Tradeweb facilitates efficient trading and connectivity for a wide range of financial instruments across these regions. As a leading player in the industry, Tradeweb Markets Inc continues to expand its presence and cater to the needs of investors and traders across the globe.

Tradeweb Markets Inc is a leading global operator of electronic marketplaces that facilitate the trading of various financial products. The company is committed to providing efficient and transparent trading solutions to market participants worldwide. Tradeweb’s corporate philosophy revolves around fostering innovation, collaboration, and customer-centricity. By leveraging advanced technology and deep industry expertise, Tradeweb enables investors, dealers, and other market participants to access a broad range of markets and execute trades seamlessly. With a focus on enhancing liquidity and mitigating risk, Tradeweb aims to empower its clients with the tools and insights necessary to navigate the ever-evolving financial landscape.

Analysts currently set an average price target of 131.42 USD for the Tradeweb Markets stock (median: 126.48 USD), implying +29.3 % versus the latest price. The consensus is based on 22 analyst ratings.

Tradeweb Markets Analyst Price Targets 2026

22 analysts currently rate the Tradeweb Markets stock: 14 recommend buying, 8 holding and 0 selling. For 2026, analysts expect Tradeweb Markets to generate revenue of 2.35 B USD and earnings per share of 3.98 USD.

Tradeweb Markets Analyst Price Targets 2026

Converted at the current exchange rate, the Tradeweb Markets share trades at 87.31 EUR (100.50 USD).

The Tradeweb Markets share (TW) is listed on 4 stock exchanges, including: NASDAQ (TW), Frankfurt (4T0.F), München (4T0.MU), Düsseldorf (4T0.DU).

Tradeweb Markets Inc is a leading provider of electronic trading platforms and market data in the financial industry. Founded in 1996, the company is headquartered in New York City. Tradeweb offers institutional clients a variety of financial products, including bonds, foreign exchange, derivatives, money market products, and more. The company operates in four main business areas: 1. Trading platforms: Tradeweb operates several trading platforms, including the world's leading fixed income trading platform. This platform provides institutional clients with a unique opportunity to trade fixed income securities in real time, efficiently, and cost-effectively. Products on this platform include investment-grade bonds, high-yield bonds, mortgage-backed securities, and more. Tradeweb also operates a foreign exchange trading platform, which enables clients to trade more than 50 currency pairs. This platform offers fast execution, comprehensive pricing, and a variety of trading strategies. 2. Market data: Tradeweb offers institutional clients a comprehensive range of market data, including prices, volumes, yields, and more. Tradeweb's market data is seamlessly integrated into its trading platforms, providing clients with informed insights into market conditions and trends. 3. Post-trade services: Tradeweb offers post-trade services that help clients streamline their transactions and minimize risks. These services include matching, settlement, custody, and more. 4. Data and analytics platforms: Tradeweb also provides its clients with advanced data and analytics tools to optimize their investment strategies and manage risks. Products include trading algorithms, risk management systems, portfolio management tools, and more. Tradeweb is a key partner for numerous leading financial institutions worldwide. The company has a broad customer base in North America, Europe, and Asia and is committed to expanding its business. Tradeweb has a strong financial foundation and an experienced leadership team that drives the company's growth. Overall, Tradeweb offers a wide range of products and services for institutional clients and is known for its innovative electronic trading platforms and advanced analytics tools. The company positions itself as a leading provider of financial market technology and is committed to transforming the financial industry through advanced solutions.

The expected revenue of Tradeweb Markets is 2.35 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Tradeweb Markets is 855.44 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Tradeweb Markets is currently 25.23. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Tradeweb Markets stock.

The price-to-sales ratio (P/S) of Tradeweb Markets is currently 9.19. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Tradeweb Markets stock.

The Eulerpool Quality Score for Tradeweb Markets is 6/10.

The ISIN of Tradeweb Markets is US8926721064. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Tradeweb Markets is A2PGG8. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Tradeweb Markets is TW. The ticker symbol is used to trade Tradeweb Markets shares on the stock exchange.

Over the past 12 months, Tradeweb Markets paid a dividend of 0.48 USD . This corresponds to a dividend yield of about 0.48 %. For the coming 12 months, Tradeweb Markets is expected to pay a dividend of 0.61 USD.

The current dividend yield of Tradeweb Markets is 0.48 %.

Tradeweb Markets pays a dividend, distributed in the months of , , , .

Tradeweb Markets paid dividends every year for the past 7 years.

For the upcoming 12 months, dividends amounting to 0.61 USD are expected. This corresponds to a dividend yield of 0.60 %.

Tradeweb Markets is assigned to the 'Finance' sector.

To receive the latest dividend of Tradeweb Markets from amounting to 0.14 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Tradeweb Markets distributed 0.4 USD as dividends.

The dividends of Tradeweb Markets are distributed in USD.

All fundamentals and in-depth analysis of Tradeweb Markets

Our stock analysis for Tradeweb Markets stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tradeweb Markets. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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