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TTradeweb Markets Inc.

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Tradeweb Markets Inc.

$99.74Close · Sep 22, 2026
  • Overview
  • Financial statements
  • Metrics
    • Revenue & profit
    • Revenue by segment
    • Launches
    • Revenue concentration
    • Margins
    • Contracted revenue
    • Off-balance-sheet commitments
    • Cash flow
    • Cash & debt
    • Earnings per share
    • P/E ratio
    • Share count & dilution
  • Quarterly earnings
  • Similar companies
  • History
  • Insider Transactions
Loading financial graphs

Metrics

Revenue & profit
Revenue by segment
Margins
Contracted revenue
Cash flow
Cash & debt
Earnings per share
Share count & dilution

Metrics

Compare sales with the profit left after direct costs and the profit left after all expenses and taxes.Formula: Gross profit = revenue − cost of revenue Net income = total income − total expenses
Q2 ’26201820192020202120222023202420250200M400M600MLatest period Q2 '26. Revenue 558.95M. Gross profit Unavailable. Net profit 206.69M.
RevenueGross profitNet profit
See which business lines, products, or regions generate the company’s sales.Formula: Company revenue = Σ(segment revenues) + reconciliation adjustments
Q2 ’26201820192020202120222023202420250200M400M600MLatest period Q2 '26. Financial Service Other 5.39M. Market Data Revenue 26.5M. Subscription Fee Revenue 61.72M. Transaction Fee Revenue 465.34M.
Commissions RevenueFinancial Service OtherMarket Data RevenueSubscription Fee RevenueTransaction Fee Revenue
See how much of each dollar of sales remains after direct costs, after running the business, and after all expenses and taxes.Formula: Gross margin = gross profit ÷ revenue × 100% Operating margin = operating income ÷ revenue × 100% Net margin = net income ÷ revenue × 100%
Q2 ’26201820192020202120222023202420250%20%40%60%Latest period Q2 '26. Operating margin 43.9%. Net profit margin 37%.
Gross marginOperating marginNet profit margin
See the amounts the company has committed to pay that its balance sheet does not record yet: leases it has signed that have not started, unconditional purchase and other contractual commitments, and the most it could have to pay under guarantees and credit backstops. Amounts are as the filing reports them at each balance-sheet date.Formula: Commitments = leases not yet commenced + purchase & other commitments + maximum guarantee exposure
Q2 ’252018201920202021202220232024050M100M150M
      Latest period Q2 '25. Purchase & other commitments 159.2M.
      Leases not yet commencedPurchase & other commitmentsGuarantees & contingent commitments
      Compare cash generated by the business, spending on long-lived assets, and what remains afterward.Formula: Free cash flow = operating cash flow − capital expenditures
      $
      Q2 ’26201820192020202120222023202420250100M200M300M400M
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        Latest period Q2 '26. Operating cash flow 394.1M. Capex -8.3M. Free cash flow 385.8M.
        Operating cash flowCapexFree cash flow
        Compare the company’s cash cushion with its borrowings. Negative net cash means debt is greater than cash.Formula: Net cash = cash − debt
        2026201820192020202120222023202420250500M1B1.5B2B
            Latest period 2026. Cash 2.1B.
            CashDebtNet cash
            Profit for each share over the trailing 12 months, adjusted for stock splits.Formula: Earnings available to common shareholders ÷ weighted-average shares
            $/shareUsing split history cached 2026-09-23; assuming no new splits
            four_consecutive_quarters_unavailableMissingfour_consecutive_quarters_unavailableMissingfour_consecutive_quarters_unavailableMissingperiod_end_common_shares_missingMissingQ2 ’2620182019202020212022202320242025-1.000.001.002.003.004.00
            • 2018-09-30: four consecutive quarters unavailable
            • 2018-12-31: four consecutive quarters unavailable
            • Q1 2019: four consecutive quarters unavailable
            • Q2 2019: period end common shares missing
            • Earnings period 2018-07-01 to 2018-09-30. Shares as of 2018-09-30: unavailable source shares.
            • Earnings period 2018-10-01 to 2018-12-31. Shares as of 2018-12-31: unavailable source shares.
            • Earnings period 2019-01-01 to 2019-03-31. Shares as of 2019-03-31: unavailable source shares.
            • Earnings period 2019-04-01 to 2019-06-30. Shares as of 2019-06-30: unavailable source shares.
            • Earnings period 2019-07-01 to 2019-09-30. Shares as of 2019-09-30: 222,231,950 source shares.
            • Earnings period 2019-01-01 to 2019-12-31. Shares as of 2019-12-31: 222,523,675 source shares.
            • Earnings period 2020-01-01 to 2020-03-31. Shares as of 2020-03-31: 224,864,846 source shares.
            • Earnings period 2020-04-01 to 2020-06-30. Shares as of 2020-06-30: 227,088,546 source shares.
            • Earnings period 2020-07-01 to 2020-09-30. Shares as of 2020-09-30: 227,432,020 source shares.
            • Earnings period 2020-01-01 to 2020-12-31. Shares as of 2020-12-31: 229,019,859 source shares.
            • Earnings period 2021-01-01 to 2021-03-31. Shares as of 2021-03-31: 232,108,404 source shares.
            • Earnings period 2021-04-01 to 2021-06-30. Shares as of 2021-06-30: 232,618,333 source shares.
            • Earnings period 2021-07-01 to 2021-09-30. Shares as of 2021-09-30: 232,726,190 source shares.
            • Earnings period 2021-01-01 to 2021-12-31. Shares as of 2021-12-31: 233,747,977 source shares.
            • Earnings period 2022-01-01 to 2022-03-31. Shares as of 2022-03-31: 234,256,629 source shares.
            • Earnings period 2022-04-01 to 2022-06-30. Shares as of 2022-06-30: 234,520,545 source shares.
            • Earnings period 2022-07-01 to 2022-09-30. Shares as of 2022-09-30: 234,525,632 source shares.
            • Earnings period 2022-01-01 to 2022-12-31. Shares as of 2022-12-31: 234,023,679 source shares.
            • Earnings period 2023-01-01 to 2023-03-31. Shares as of 2023-03-31: 234,696,458 source shares.
            • Earnings period 2023-04-01 to 2023-06-30. Shares as of 2023-06-30: 234,681,780 source shares.
            • Earnings period 2023-07-01 to 2023-09-30. Shares as of 2023-09-30: 234,725,246 source shares.
            • Earnings period 2023-01-01 to 2023-12-31. Shares as of 2023-12-31: 235,101,952 source shares.
            • Earnings period 2024-01-01 to 2024-03-31. Shares as of 2024-03-31: 236,176,393 source shares.
            • Earnings period 2024-04-01 to 2024-06-30. Shares as of 2024-06-30: 236,292,770 source shares.
            • Earnings period 2024-07-01 to 2024-09-30. Shares as of 2024-09-30: 236,234,604 source shares.
            • Earnings period 2024-01-01 to 2024-12-31. Shares as of 2024-12-31: 235,984,281 source shares.
            • Earnings period 2025-01-01 to 2025-03-31. Shares as of 2025-03-31: 236,439,111 source shares.
            • Earnings period 2025-04-01 to 2025-06-30. Shares as of 2025-06-30: 236,449,414 source shares.
            • Earnings period 2025-07-01 to 2025-09-30. Shares as of 2025-09-30: 236,472,441 source shares.
            • Earnings period 2025-01-01 to 2025-12-31. Shares as of 2025-12-31: 235,492,749 source shares.
            • Earnings period 2026-01-01 to 2026-03-31. Shares as of 2026-03-31: 236,026,021 source shares.
            • Earnings period 2026-04-01 to 2026-06-30. Shares as of 2026-06-30: 234,130,300 source shares.
            Latest period Q2 2026. EPS (TTM) 3.83.
            EPS (TTM)
            How much investors pay for each dollar of the company’s yearly earnings. It is not useful when the company has no profit.Formula: Share price ÷ trailing 12-month EPS
            Using split history cached 2026-09-23; assuming no new splits
            four consecutive quarters unavailableMissingfour consecutive quarters unavailableMissingfour consecutive quarters unavailableMissingperiod end common shares missingMissingQ2 ’26201820192020202120222023202420250x20x40x60x80x100x120x
            • 2018-09-30: four consecutive quarters unavailable
            • 2018-12-31: four consecutive quarters unavailable
            • Q1 2019: four consecutive quarters unavailable
            • Q2 2019: period end common shares missing
            • Earnings period 2018-07-01 to 2018-09-30. Shares as of 2018-09-30: unavailable source shares.
            • Earnings period 2018-10-01 to 2018-12-31. Shares as of 2018-12-31: unavailable source shares.
            • Earnings period 2019-01-01 to 2019-03-31. Shares as of 2019-03-31: unavailable source shares.
            • Earnings period 2019-04-01 to 2019-06-30. Shares as of 2019-06-30: unavailable source shares.
            • Earnings period 2019-07-01 to 2019-09-30. Shares as of 2019-09-30: 222,231,950 source shares. Nearby weekly price on 2019-09-27.
            • Earnings period 2019-01-01 to 2019-12-31. Shares as of 2019-12-31: 222,523,675 source shares. Nearby weekly price on 2020-01-03.
            • Earnings period 2020-01-01 to 2020-03-31. Shares as of 2020-03-31: 224,864,846 source shares. Nearby weekly price on 2020-04-03.
            • Earnings period 2020-04-01 to 2020-06-30. Shares as of 2020-06-30: 227,088,546 source shares. Nearby weekly price on 2020-07-02.
            • Earnings period 2020-07-01 to 2020-09-30. Shares as of 2020-09-30: 227,432,020 source shares. Nearby weekly price on 2020-10-02.
            • Earnings period 2020-01-01 to 2020-12-31. Shares as of 2020-12-31: 229,019,859 source shares. Weekly price on 2020-12-31.
            • Earnings period 2021-01-01 to 2021-03-31. Shares as of 2021-03-31: 232,108,404 source shares. Nearby weekly price on 2021-04-01.
            • Earnings period 2021-04-01 to 2021-06-30. Shares as of 2021-06-30: 232,618,333 source shares. Nearby weekly price on 2021-07-02.
            • Earnings period 2021-07-01 to 2021-09-30. Shares as of 2021-09-30: 232,726,190 source shares. Nearby weekly price on 2021-10-01.
            • Earnings period 2021-01-01 to 2021-12-31. Shares as of 2021-12-31: 233,747,977 source shares. Weekly price on 2021-12-31.
            • Earnings period 2022-01-01 to 2022-03-31. Shares as of 2022-03-31: 234,256,629 source shares. Nearby weekly price on 2022-04-01.
            • Earnings period 2022-04-01 to 2022-06-30. Shares as of 2022-06-30: 234,520,545 source shares. Nearby weekly price on 2022-07-01.
            • Earnings period 2022-07-01 to 2022-09-30. Shares as of 2022-09-30: 234,525,632 source shares. Weekly price on 2022-09-30.
            • Earnings period 2022-01-01 to 2022-12-31. Shares as of 2022-12-31: 234,023,679 source shares. Nearby weekly price on 2022-12-30.
            • Earnings period 2023-01-01 to 2023-03-31. Shares as of 2023-03-31: 234,696,458 source shares. Weekly price on 2023-03-31.
            • Earnings period 2023-04-01 to 2023-06-30. Shares as of 2023-06-30: 234,681,780 source shares. Weekly price on 2023-06-30.
            • Earnings period 2023-07-01 to 2023-09-30. Shares as of 2023-09-30: 234,725,246 source shares. Nearby weekly price on 2023-09-29.
            • Earnings period 2023-01-01 to 2023-12-31. Shares as of 2023-12-31: 235,101,952 source shares. Nearby weekly price on 2023-12-29.
            • Earnings period 2024-01-01 to 2024-03-31. Shares as of 2024-03-31: 236,176,393 source shares. Nearby weekly price on 2024-03-28.
            • Earnings period 2024-04-01 to 2024-06-30. Shares as of 2024-06-30: 236,292,770 source shares. Nearby weekly price on 2024-06-28.
            • Earnings period 2024-07-01 to 2024-09-30. Shares as of 2024-09-30: 236,234,604 source shares. Nearby weekly price on 2024-09-27.
            • Earnings period 2024-01-01 to 2024-12-31. Shares as of 2024-12-31: 235,984,281 source shares. Nearby weekly price on 2025-01-03.
            • Earnings period 2025-01-01 to 2025-03-31. Shares as of 2025-03-31: 236,439,111 source shares. Nearby weekly price on 2025-03-28.
            • Earnings period 2025-04-01 to 2025-06-30. Shares as of 2025-06-30: 236,449,414 source shares. Nearby weekly price on 2025-06-27.
            • Earnings period 2025-07-01 to 2025-09-30. Shares as of 2025-09-30: 236,472,441 source shares. Nearby weekly price on 2025-10-03.
            • Earnings period 2025-01-01 to 2025-12-31. Shares as of 2025-12-31: 235,492,749 source shares. Nearby weekly price on 2026-01-02.
            • Earnings period 2026-01-01 to 2026-03-31. Shares as of 2026-03-31: 236,026,021 source shares. Nearby weekly price on 2026-04-02.
            • Earnings period 2026-04-01 to 2026-06-30. Shares as of 2026-06-30: 234,130,300 source shares. Nearby weekly price on 2026-07-02.
            Latest period Q2 2026. P/E ratio 26.8x.
            P/E ratio
            See how the number of shares changes over time. More shares can mean each existing share owns a smaller slice of the company.Formula: Outstanding shares = issued shares − treasury shares Share-count growth = (current shares ÷ previous shares − 1) × 100%
            Stock split history may be out of date.
            202620182019202020212022202320242025050M100M150M200M
                Latest period 2026. Shares outstanding 234.1M. Class detail unavailable 234.1M.
                Class detail unavailable