TW
Tradeweb Markets·NASDAQ
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TW fundamentals
Tradeweb Markets (TW) released its earnings on Oct 30, 2025: revenue was 508.60M (YoY +13.30%), beat estimates; EPS was 0.87 (YoY +16.00%), beat estimates.
Revenue / YoY
508.60M
+13.30%
EPS / YoY
0.87
+16.00%
Report date
Oct 30, 2025
TW Earnings Call Summary for Q3,2025
- Revenue Growth: Q3 2025 revenue up 13% YoY to $509M, with 25% YoY growth in international markets. Emerging markets contributed nearly $100M annually.
- Strategic Wins: Launched first electronic swaption trade and expanded AI-driven solutions, generating $2.3M in digital asset revenue.
- Financial Strength: 54.2% adjusted EBITDA margin, $1.9B cash, and 20% dividend increase. Renewed LSEG data agreement adds $22M in Q4 revenue.
- Market Trends: Low volatility weighed on U.S. Treasuries, but Global Swaps grew 30% YoY. Electronification of voice trades (e.g., package swaps) is a key growth driver.
- Digital Expansion: $5M in Q3 from Canton Network, with 1.7B Canton Coins ($56M fair value). Investing in institutional crypto and private credit solutions.
- 2026 Outlook: Focus on AI, data, and global expansion to drive long-term growth. Watch for Fed policy, midterms, and geopolitical events to spark volatility.
EPS
Revenue
Revenue & Expenses
TW has released its 2025 Q3 earnings report, with revenue of 508.60M, reflecting a YoY change of 13.29%, and net profit of 210.55M, showing a YoY change of 61.68%. 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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Breakdown
Where does Tradeweb Markets (TW) generate its revenue? Explore its key revenue streams and top earning regions.
By Business
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Track Tradeweb Markets (TW) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield
You can ask Aime
What were the key takeaways from Tradeweb Markets’s earnings call?What does Tradeweb Markets do and what are its main business segments?What is Tradeweb Markets's gross profit margin?What factors drove the changes in Tradeweb Markets's revenue and profit?What guidance did Tradeweb Markets's management provide for the next earnings period?Did Tradeweb Markets beat or miss consensus estimates last quarter?What is the revenue and EPS growth rate for Tradeweb Markets year over year?What is Tradeweb Markets's latest dividend and current dividend yield?
