Tradeweb Markets revenue and financials
$107.11Change from previous close: +4.78%Absolute change: +$4.89
In the fiscal year ended December 2025, Tradeweb Markets reported revenue of $2.05B (+18.92% year over year). Net income was $812.79M, a net margin of 39.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +18.92%
- 2025 vs 2024
- Net income growth
- +62.07%
- 2025 vs 2024
- Net margin
- 39.6%
- 2024: 29.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,052 | 1,726 | 1,338 | 1,189 | 1,076 | 893 | 776 | 504 |
| Cost of revenue | 671 | 593 | 460 | 432 | — | — | — | — |
| Gross profit | 1,382 | 1,133 | 878 | 756 | — | — | — | — |
| Selling, general and administrative | 296 | 235 | 187 | 165 | — | — | — | — |
| Operating income | 835 | 678 | 505 | 413 | 359 | 263 | 190 | 89.1 |
| EBIT | 1,177 | 759 | 550 | 439 | — | — | — | — |
| EBITDA | 1,427 | 979 | 735 | 618 | — | — | — | — |
| Interest expense | 1.9 | 4.3 | 2.0 | 1.8 | — | — | — | — |
| Pre-tax income | 1,175 | 754 | 548 | 437 | — | — | — | — |
| Income tax | 253 | 184 | 128 | 77.5 | 96.9 | 56.1 | 52.3 | 6.1 |
| Net income | 813 | 502 | 365 | 309 | 227 | 166 | 83.8 | 83.6 |
| Net income to common shareholders | 812 | 501 | 364 | 309 | — | — | — | — |
| Basic EPS | 3.81 | 2.35 | 1.73 | 1.50 | 1.13 | 0.92 | 0.57 | — |
| Diluted EPS | 3.78 | 2.33 | 1.71 | 1.48 | 1.09 | 0.88 | 0.54 | — |
| Average shares (basic) | 213 | 213 | 211 | 206 | — | — | — | — |
| Average shares (diluted) | 215 | 215 | 213 | 208 | 207 | 188 | 157 | 216 |