Tradeweb shares rise 10.03% intraday after Q4 earnings beat, revenue growth, and $500M buyback.

Tradeweb Markets surged 10.03% intraday following the release of its Q4 2025 financial results, which included a 16.7% increase in quarterly cash dividends, a $500 million share repurchase authorization, and revenue growth of 12.5% to $521.2 million. The company also reported adjusted net income of $207.0 million, a 14.2% year-over-year increase, and average daily trading volume of $2.8 trillion, up 23.3%. These figures exceeded analyst expectations for both earnings ($0.87 per share vs. $0.85 estimated) and revenue ($521.2 million vs. $515.5 million estimated). The strong performance highlighted improved profitability, robust international revenue growth, and expanding market share in key segments like European government bonds and swaps. Analysts and institutional activity further supported the optimism, with five recent "buy" ratings and price targets ranging up to $145. The intraday rally reflects investor confidence in Tradeweb’s operational momentum and capital return initiatives.