Tradeweb Markets revenue and financials

TW · NASDAQ · USD

$107.54+0.40%+$0.43

Close · October 6, 2026

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%.

Annual revenue · 2025: $2.05B

$504.45M2017
$775.57M2019
$892.66M2020
$1.08B2021
$1.19B2022
$1.34B2023
$1.73B2024
$2.05B2025

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.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	558	617	521	508	513	509	463	447	404	407	369	328
Cost of revenue	172	198	159	165	170	—	—	—	—	—	—	—
Gross profit	386	420	362	344	343	—	—	—	—	—	—	—
Selling, general and administrative	79.7	72.0	80.8	68.9	80.4	—	—	—	—	—	—	—
Operating income	245	287	221	210	199	204	188	162	162	166	145	126
EBIT	271	304	457	270	227	—	—	—	—	—	—	—
EBITDA	332	364	517	334	291	—	—	—	—	—	—	—
Interest expense	0.5	0.6	0.4	0.5	0.4	—	—	—	—	—	—	—
Pre-tax income	270	303	457	270	227	222	210	174	183	187	141	140
Income tax	63.5	69.8	89.6	59.1	51.5	53.3	50.3	43.5	47.0	43.6	37.6	28.7
Net income	181	205	325	186	154	148	142	114	119	126	89.3	98.6
Net income to common shareholders	181	205	325	185	154	148	142	114	119	126	89.2	98.5
Basic EPS	0.85	0.96	1.52	0.87	0.72	0.70	0.67	0.53	0.56	0.59	0.42	0.47
Diluted EPS	0.85	0.96	1.51	0.86	0.71	0.69	0.66	0.53	0.55	0.59	0.41	0.46
Average shares (basic)	212	213	213	213	213	213	213	213	213	213	212	212
Average shares (diluted)	213	213	215	215	215	215	215	215	215	215	214	213
Dividend per share	0.14	0.14	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.09	0.09