Tradeweb Markets Inc.TWEarnings & Financial Report
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...
Revenue
$463.3M
Gross Profit
N/A
Operating Profit
$188.5M
Net Profit
$142.2M
Gross Margin
N/A
Operating Margin
40.7%
Net Margin
30.7%
YoY Growth
25.2%
EPS
$0.66
Financial Flow
Tradeweb Markets Inc. Q4 2024 Financial Summary
Tradeweb Markets Inc. reported revenue of $463.3M (up 25.2% YoY) for Q4 2024, with a net profit of $142.2M (up 59.2% YoY) (30.7% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $463.3M |
|---|---|
| Net Profit | $142.2M |
| Gross Margin | N/A |
| Operating Margin | 40.7% |
| Report Period | Q4 2024 |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.1B |
| 2024 | $1.7B |
| 2023 | $1.3B |
| 2022 | $1.2B |
Tradeweb Markets Inc. Quarterly Revenue & Net Profit History
Tradeweb Markets Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $521.2M | +12.5% | $325.0M | 62.4% |
| Q3 2025 | $508.6M | +13.3% | $185.6M | 36.5% |
| Q2 2025 | $513.0M | +26.7% | $153.8M | 30.0% |
| Q1 2025 | $509.7M | +24.7% | $148.4M | 29.1% |
| Q4 2024 | $463.3M | +25.2% | $142.2M | 30.7% |
| Q3 2024 | $448.9M | +36.7% | $113.9M | 25.4% |
| Q2 2024 | $405.0M | +30.4% | $119.2M | 29.4% |
| Q1 2024 | $408.7M | +24.1% | $126.1M | 30.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $408.7M | $405.0M | $448.9M | $463.3M | $509.7M | $513.0M | $508.6M | $521.2M |
| YoY Growth | 24.1% | 30.4% | 36.7% | 25.2% | 24.7% | 26.7% | 13.3% | 12.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 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 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $37.9M | $285.7M | $292.1M | $282.0M | $60.2M | $409.2M | $342.3M | $355.9M |