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Tradeweb Markets Inc.

Tradeweb Markets Inc.TWEarnings & Financial Report

Nasdaq

Tradeweb Markets Inc., headquartered in New York City, operates electronic trading platforms primarily used by institutional investors to trade fixed income products, ETFs, and derivatives. It has over 3,000 customers including banks, asset managers, central banks, pension funds, and insurance companies. In 2024, 83% of the company's revenue was from transaction fees and commissions and 17% was from subscription fees. In 2024, 52% of revenue came from products related to rates, 27% of revenue...

TW Q4 2025 Key Financial Metrics

Revenue

$521.2M

Gross Profit

N/A

Operating Profit

$221.0M

Net Profit

$325.0M

Gross Margin

N/A

Operating Margin

42.4%

Net Margin

62.4%

YoY Growth

12.5%

EPS

$1.52

Financial Flow

Tradeweb Markets Inc. Q4 2025 Financial Summary

Tradeweb Markets Inc. reported revenue of $521.2M for Q4 2025, with a net profit of $325.0M (62.4% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$521.2M
Net Profit$325.0M
Gross MarginN/A
Operating Margin42.4%
Report PeriodQ4 2025

Tradeweb Markets Inc. Annual Revenue by Year

Tradeweb Markets Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.1B).

YearAnnual Revenue
2025$2.1B
2024$1.7B
2023$1.3B
2022$1.2B

Income Statement

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Revenue$408.7M$405.0M$448.9M$463.3M$509.7M$513.0M$508.6M$521.2M
YoY Growth24.1%30.4%36.7%25.2%24.7%26.7%13.3%12.5%

Balance Sheet

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Assets$7.40B$7.28B$7.34B$7.27B$7.37B$8.06B$8.00B$8.19B
Liabilities$1.32B$1.08B$1.05B$869.1M$822.8M$1.33B$1.06B$1.00B
Equity$5.51B$5.63B$5.70B$5.80B$5.94B$6.10B$6.28B$6.51B

Cash Flow

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Operating CF$37.9M$285.7M$292.1M$282.0M$60.2M$409.2M$342.3M$355.9M