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TW

Tradeweb Markets·NASDAQ
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TW fundamentals

Tradeweb Markets (TW) released its earnings on Feb 5, 2026: revenue was 521.18M (YoY +12.48%), beat estimates; EPS was 0.87 (YoY +14.47%), beat estimates.
Revenue / YoY
521.18M
+12.48%
EPS / YoY
0.87
+14.47%
Report date
Feb 5, 2026
TW Earnings Call Summary for Q4,2025
  • Revenue Record: Q4 2025 revenue up 12.5% YoY to $521M, capping a $2B+ annual run with 19% YoY growth. January 2026 saw 17% YoY growth, driven by record volumes.
  • Digital Asset Leap: Digital initiatives contributed $13M in Q4, with 2026 outlook matching 2025's $11M. Completed first on-chain U.S. treasury repo transaction.
  • Global Expansion: European and Asian revenues grew 25% and 35% YoY, with swaps revenue up 25% YoY and ETFs up 40% in January.
  • AI and Efficiency: AiEX automation drove 70% YoY ETF trade growth; predictive AI targets less liquid markets.
  • Mortgage Momentum: 15% Q4 growth; 2026 rebound expected with lower rates and GSE reforms.
EPS
Revenue

Revenue & Expenses

TW has released its 2025 Q4 earnings report, with revenue of 521.18M, reflecting a YoY change of 12.48%, and net profit of 367.12M, showing a YoY change of 129.54%. The Sankey diagram below clearly presents TW's revenue sources and cost distribution.

Key Indicators

Tradeweb Markets (TW) key financial stats and ratios, covering profitability, financial health, and leverage.
Tradeweb Markets (TW)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Tradeweb Markets (TW)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Tradeweb Markets (TW)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Tradeweb Markets (TW) generate its revenue? Explore its key revenue streams and top earning regions.
By Business
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By Region
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Track Tradeweb Markets (TW) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield