Tradeweb Markets Inc. (TW)

US — Financial Services Sector
Peers: NMR  FUTU  HBAN  CFG  TROW  LPLA  RF  FCNCA 

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Key Metrics & Ratings

  • symbol TW
  • Rev/Share 9.3485
  • Book/Share 32.5037
  • PB 3.7249
  • Debt/Equity 0.0216
  • CurrentRatio 12.677
  • ROIC 0.0854

 

  • MktCap 23400855955.0
  • FreeCF/Share 4.8492
  • PFCF 22.6178
  • PE 35.7215
  • Debt/Assets 0.017
  • DivYield 0.0042
  • ROE 0.1086

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 4
  • P/B Score 1
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade TW Rothschild & Co Redburn Buy Neutral -- $129 Sept. 18, 2025
Downgrade TW Goldman Buy Neutral -- -- July 31, 2025
Downgrade TW Morgan Stanley Overweight Equal Weight -- $148 April 8, 2025
Upgrade TW Keefe Bruyette Market Perform Outperform $143 $150 Dec. 20, 2024
Initiation TW TD Cowen -- Buy -- $139 Sept. 26, 2024

News

Tradeweb to Present at the Goldman Sachs 2025 U.S. Financial Services Conference
TW
Published: November 18, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it will present at the Goldman Sachs 2025 U.S. Financial Services Conference. Tradeweb CEO Billy Hult is scheduled to participate in a fireside chat on Wednesday, December 10, 2025 at 10:40 AM EST. A live webcast of the session will be available via https://investors.tradeweb.com/events-and-presentations. A replay wil.

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image for news Tradeweb to Present at the Goldman Sachs 2025 U.S. Financial Services Conference
Which Brokerage Tech Stock is Poised for Bigger Gains: HOOD or TW?
HOOD, TW
Published: November 12, 2025 by: Zacks Investment Research
Sentiment: Positive

Does Robinhood's fintech evolution, AI and crypto expansion and 254% stock surge make it a standout over Tradeweb's steadier institutional path? Let's find out.

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image for news Which Brokerage Tech Stock is Poised for Bigger Gains: HOOD or TW?
PNC or TW: Which Is the Better Value Stock Right Now?
PNC, TW
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors with an interest in Financial - Investment Bank stocks have likely encountered both The PNC Financial Services Group, Inc (PNC) and Tradeweb Markets (TW). But which of these two stocks presents investors with the better value opportunity right now?

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image for news PNC or TW: Which Is the Better Value Stock Right Now?
Tradeweb Markets Inc. (TW) Q3 2025 Earnings Call Transcript
TW
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Neutral

Tradeweb Markets Inc. ( TW ) Q3 2025 Earnings Call October 30, 2025 9:30 AM EDT Company Participants Ashley Serrao - MD, Head of Treasury, FP&A & Investor Relations William Hult - CEO & Director Sara Furber - Chief Financial Officer Conference Call Participants Christopher Allen - Citigroup Inc., Research Division Jeffrey Schmitt - William Blair & Company L.L.C., Research Division Daniel Fannon - Jefferies LLC, Research Division Alexander Blostein - Goldman Sachs Group, Inc., Research Division Simon Alistair Clinch - Rothschild & Co Redburn, Research Division Elias Abboud - BofA Securities, Research Division Kenneth Worthington - JPMorgan Chase & …

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image for news Tradeweb Markets Inc. (TW) Q3 2025 Earnings Call Transcript
Compared to Estimates, Tradeweb (TW) Q3 Earnings: A Look at Key Metrics
TW
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Tradeweb (TW) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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image for news Compared to Estimates, Tradeweb (TW) Q3 Earnings: A Look at Key Metrics
Tradeweb Markets (TW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
TW
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Neutral

Tradeweb (TW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Tradeweb Markets (TW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Tradeweb Launches First Electronic Marketplace for Saudi Riyal Bonds
TW
Published: October 21, 2025 by: Business Wire
Sentiment: Neutral

LONDON & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the successful launch of its Alternative Trading System (ATS) for the execution of Sukuk and Saudi Riyal (SAR)-denominated debt instruments in the Kingdom of Saudi Arabia. Licensed by the Capital Market Authority (CMA), the platform has facilitated its inaugural transaction between BlackRock and B.

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image for news Tradeweb Launches First Electronic Marketplace for Saudi Riyal Bonds
TIGR or TW: Which Is the Better Value Stock Right Now?
TIGR, TW
Published: September 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in Financial - Investment Bank stocks are likely familiar with UP Fintech Holding Limited (TIGR) and Tradeweb Markets (TW). But which of these two stocks presents investors with the better value opportunity right now?

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image for news TIGR or TW: Which Is the Better Value Stock Right Now?
TIGR vs. TW: Which Stock Is the Better Value Option?
TIGR, TW
Published: September 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in stocks from the Financial - Investment Bank sector have probably already heard of UP Fintech Holding Limited (TIGR) and Tradeweb Markets (TW). But which of these two stocks is more attractive to value investors?

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image for news TIGR vs. TW: Which Stock Is the Better Value Option?
TIGR or TW: Which Is the Better Value Stock Right Now?
TIGR, TW
Published: August 15, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in Financial - Investment Bank stocks are likely familiar with UP Fintech Holding Limited (TIGR) and Tradeweb Markets (TW). But which of these two stocks is more attractive to value investors?

Read More
image for news TIGR or TW: Which Is the Better Value Stock Right Now?
HOOD vs. TW: Which Digital Trading Platform is the Smarter Pick?
HOOD, TW
Published: August 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Does Robinhood's rapid expansion, soaring stock gains and higher earnings outlook give it the edge over Tradeweb in the fintech race? Let's find out.

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image for news HOOD vs. TW: Which Digital Trading Platform is the Smarter Pick?
Tradeweb Markets: Reiterate Buy Rating On Solid Business Momentum
TW
Published: August 08, 2025 by: Seeking Alpha
Sentiment: Positive

I reiterate my buy rating for Tradeweb Markets as growth drivers remain robust and execution is strong across rates, international, and acquisitions. 2Q25 results exceeded expectations: revenue up 26.7% y/y, record trading volumes, and expanding margins confirm the durability of TW's growth engine. ICD integration is a key milestone, unlocking new TAM and validating the cross-sell opportunity, while automation deepens client stickiness even during volatility.

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image for news Tradeweb Markets: Reiterate Buy Rating On Solid Business Momentum
Tradeweb Markets Inc. (TW) Q2 2025 Earnings Call Transcript
TW
Published: July 30, 2025 by: Seeking Alpha
Sentiment: Neutral

Tradeweb Markets Inc. (NASDAQ:TW ) Q2 2025 Earnings Conference Call July 30, 2025 9:30 AM ET Company Participants Ashley Neil Serrao - MD, Head of Treasury, FP&A & Investor Relations Sara Hassan Furber - Chief Financial Officer William E. Hult - CEO & Director Conference Call Participants Alexander Blostein - Goldman Sachs Group, Inc., Research Division Alexander Kramm - UBS Investment Bank, Research Division Benjamin Elliot Budish - Barclays Bank PLC, Research Division Christopher John Allen - Citigroup Inc., Research Division Craig William Siegenthaler - BofA Securities, Research Division Daniel Thomas Fannon - Jefferies LLC, Research Division Kenneth Brooks Worthington …

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image for news Tradeweb Markets Inc. (TW) Q2 2025 Earnings Call Transcript
Final Trades: Dell, Tradeweb Markets and Alphabet
DELL, GOOG, GOOGL, TW
Published: July 30, 2025 by: CNBC Television
Sentiment: Neutral

The Investment Committee give you their top stocks to watch for the second half.

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image for news Final Trades: Dell, Tradeweb Markets and Alphabet
TIGR vs. TW: Which Stock Is the Better Value Option?
TIGR, TW
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in stocks from the Financial - Investment Bank sector have probably already heard of UP Fintech Holding Limited (TIGR) and Tradeweb Markets (TW). But which of these two companies is the best option for those looking for undervalued stocks?

Read More
image for news TIGR vs. TW: Which Stock Is the Better Value Option?
Tradeweb (TW) Reports Q2 Earnings: What Key Metrics Have to Say
TW
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Tradeweb (TW) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Read More
image for news Tradeweb (TW) Reports Q2 Earnings: What Key Metrics Have to Say
Tradeweb Markets (TW) Beats Q2 Earnings and Revenue Estimates
TW
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Tradeweb Markets (TW) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.7 per share a year ago.

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image for news Tradeweb Markets (TW) Beats Q2 Earnings and Revenue Estimates
Tradeweb Reports Second Quarter 2025 Financial Results
TW
Published: July 30, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the quarter ended June 30, 2025. $513.0 million quarterly revenues, an increase of 26.7% (24.7% on a constant currency basis) compared to prior year period $215.2 million quarterly international revenues, an increase of 40.8% (35.8% on a constant current basis) compared to prior year period $2.6 t.

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image for news Tradeweb Reports Second Quarter 2025 Financial Results
Why Tradeweb (TW) is Poised to Beat Earnings Estimates Again
TW
Published: July 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Tradeweb (TW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Why Tradeweb (TW) is Poised to Beat Earnings Estimates Again
Tradeweb: High Quality Business At A Fair Price
TW
Published: July 23, 2025 by: Seeking Alpha
Sentiment: Positive

Tradeweb generates close to 50% FCF margins, has zero debt, and a huge market share in electronic bond and rates trading. Its fee model, tied to trading volumes, provides a natural inflation hedge and strong operating leverage as the market expands globally. Global debt levels and trading activity are at all-time highs, supporting fast revenue growth and margin expansion.

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image for news Tradeweb: High Quality Business At A Fair Price
TIGR vs. TW: Which Stock Should Value Investors Buy Now?
TIGR, TW
Published: July 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in Financial - Investment Bank stocks are likely familiar with UP Fintech Holding Limited (TIGR) and Tradeweb Markets (TW). But which of these two companies is the best option for those looking for undervalued stocks?

Read More
image for news TIGR vs. TW: Which Stock Should Value Investors Buy Now?
Tradeweb Announces Date for Second Quarter 2025 Financial Results
TW
Published: July 03, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, will release financial results for the second quarter of 2025 on Wednesday, July 30, 2025, at approximately 7:00 AM EDT. In addition, Tradeweb will host a conference call for investors. WHO: Billy Hult, CEO Sara Furber, CFO Ashley Serrao, Head of Treasury, FP&A and IR WHAT: A discussion of financial results for the se.

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image for news Tradeweb Announces Date for Second Quarter 2025 Financial Results
Tradeweb Announces Date for Second Quarter 2025 Financial Results
TW
Published: July 03, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, will release financial results for the second quarter of 2025 on Wednesday, July 30, 2025, at approximately 7:00 AM EDT. In addition, Tradeweb will host a conference call for investors. WHO: Billy Hult, CEO Sara Furber, CFO Ashley Serrao, Head of Treasury, FP&A and IR WHAT: A discussion of financial results for the se.

Read More
image for news Tradeweb Announces Date for Second Quarter 2025 Financial Results
TIGR or TW: Which Is the Better Value Stock Right Now?
TIGR, TW
Published: June 20, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors with an interest in Financial - Investment Bank stocks have likely encountered both UP Fintech Holding Limited (TIGR) and Tradeweb Markets (TW). But which of these two stocks offers value investors a better bang for their buck right now?

Read More
image for news TIGR or TW: Which Is the Better Value Stock Right Now?
Tradeweb to Participate in Piper Sandler Global Exchange & Trading Conference
TW
Published: May 20, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it will participate in the Piper Sandler Global Exchange & Trading Conference on Thursday, June 5, 2025. Tradeweb CEO Billy Hult will participate in a fireside chat at 11:30am EDT. A live webcast of the session will be available via https://investors.tradeweb.com/events-and-presentations. A replay will be accessib.

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image for news Tradeweb to Participate in Piper Sandler Global Exchange & Trading Conference
Tradeweb Markets: Visible Growth Engines And Tailwinds With A Sticky Customer Base
TW
Published: May 11, 2025 by: Seeking Alpha
Sentiment: Positive

Tradeweb Markets is well-positioned to benefit from market volatility, with multiple growth levers including rates, new verticals, and mix shift impacts. TW delivered record 1Q25 revenue of $509.7 million, driven by strong growth in rates, credit, money markets, and market data segments. The ICD acquisition opens new revenue streams in corporate treasuries, enhancing cross-sell opportunities and expanding TW's client base.

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image for news Tradeweb Markets: Visible Growth Engines And Tailwinds With A Sticky Customer Base
BGC or TW: Which Is the Better Value Stock Right Now?
BGC, TW
Published: May 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in Financial - Investment Bank stocks are likely familiar with BGC Group (BGC) and Tradeweb Markets (TW). But which of these two companies is the best option for those looking for undervalued stocks?

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image for news BGC or TW: Which Is the Better Value Stock Right Now?
Tradeweb Reports April 2025 Total Trading Volume of $57.8 Trillion and Average Daily Volume of $2.7 Trillion
TW
Published: May 06, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of April 2025 of $57.8 trillion (tn)1. Average daily volume (ADV) for the month was $2.7tn, an increase of 38.6 percent (%) year-over-year (YoY). Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of April was up 25.9% YoY. In April 20.

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image for news Tradeweb Reports April 2025 Total Trading Volume of $57.8 Trillion and Average Daily Volume of $2.7 Trillion
Tradeweb Markets: Betting On Market Volatility And Margins, While Leverage Risk Is Low
TW
Published: May 05, 2025 by: Seeking Alpha
Sentiment: Neutral

For my initial coverage of Tradeweb Markets, I called it a strong buy, as it presented a bullish case across 6 categories I considered. A volatile macro environment, global growth, and demand for market data should drive top-line upside while strong margins fuel the bottom line. The firm has been a proven dividend grower, and its expected operating cashflow growth and no long-term debt should be favorable to direct cash to dividend growth.

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image for news Tradeweb Markets: Betting On Market Volatility And Margins, While Leverage Risk Is Low
Tradeweb Markets Inc. (TW) Q1 2025 Earnings Call Transcript
TW
Published: April 30, 2025 by: Seeking Alpha
Sentiment: Neutral

Tradeweb Markets Inc. (NASDAQ:TW ) Q1 2025 Earnings Conference Call April 30, 2025 9:30 AM ET Company Participants Sameer Murukutla - Managing Director, Investor Relations Billy Hult - Chief Executive Officer Sara Furber - Chief Financial Officer Conference Call Participants Chris Allen - Citi Dan Fannon - Jefferies Alex Blostein - Goldman Sachs Benjamin Budish - Barclays Jeff Schmidt - William Blair Ken Worthington - JPMorgan Michael Cyprys - Morgan Stanley Richard Fellinger - Autonomous Research Operator Good morning and welcome to Tradeweb's First Quarter 2025 Earnings Conference Call. As a reminder, today's call is being recorded and will be …

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image for news Tradeweb Markets Inc. (TW) Q1 2025 Earnings Call Transcript

About Tradeweb Markets Inc. (TW)

  • IPO Date 2019-04-04
  • Website https://www.tradeweb.com
  • Industry Financial - Capital Markets
  • CEO William E. Hult
  • Employees 1412

Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 45 markets across 25 currencies. It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory firms and traders with Tradeweb Direct platform. The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. Tradeweb Markets Inc. was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.