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    T

    Tradeweb Markets Inc (TW)

    Official site

    FINANCIAL SERVICES • CAPITAL MARKETS • NASDAQ

    $127.73
    +0.17 (+0.13%)

    Market Cap: $27.43B

    Last updated: Nov 06, 2026 at 4:18 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    94%(29/31)
    Avg Surprise
    +2.02%
    Streak
    8 Q

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$1.07
    Range$1.04 - $1.15
    15 analysts
    Revenue Consensus
    $600M
    Range$589M - $615M
    10 analysts
    Period ending Mar 31, 2027
    EPS Consensus$1.16
    Range$1.06 - $1.26
    12 analysts
    EPS Revisions
    2
    0
    7d
    3
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$1.14+2.2%
    60d ago$1.14+1.6%
    30d ago$1.14+1.6%
    7d ago$1.16+0.1%
    Current$1.16
    Revenue Consensus
    $667M
    Range$641M - $697M
    7 analysts
    Last 12 of 32 reported quarters and 2 upcoming estimates
    PeriodReportedEst.RangeSurpriseB/MAnalystsRevisionsYoY
    Mar 27EST
    		-$1.16$1.06 - $1.26--12
    3
    2
    30d
    		-
    Dec 26EST
    		-$1.07$1.04 - $1.15--15--
    Sep 26
    Reported Oct 29
    		$1.02$1.02$1.00 - $1.03+0.00%Beat14
    7
    1
    30d
    		+17.2%
    Jun 26
    Reported Jul 30
    		$0.97$0.96$0.92 - $0.97+1.04%Beat13
    2
    0
    30d
    		+11.5%
    Mar 26
    Reported Apr 29
    		$1.08$1.06$1.04 - $1.09+1.89%Beat13
    8
    3
    30d
    		+25.6%
    Dec 25
    Reported Feb 5
    		$0.87$0.84$0.83 - $0.86+3.57%Beat12
    7
    3
    30d
    		+14.5%
    Sep 25
    Reported Oct 30
    		$0.87$0.83$0.73 - $0.85+4.82%Beat14
    2
    11
    30d
    		+16.0%
    Jun 25
    Reported Jul 30
    		$0.87$0.86$0.84 - $0.87+1.16%Beat14
    7
    5
    30d
    		+24.3%
    Mar 25
    Reported Apr 30
    		$0.86$0.86$0.84 - $0.88+0.00%Beat14
    9
    3
    30d
    		+21.1%
    Dec 24
    Reported Feb 6
    		$0.76$0.74$0.73 - $0.76+2.70%Beat14
    2
    6
    30d
    		+18.8%
    Sep 24
    Reported Oct 30
    		$0.75$0.76$0.73 - $0.78-1.32%Miss14
    14
    0
    30d
    		+36.4%
    Jun 24
    Reported Jul 25
    		$0.70$0.69$0.66 - $0.71+1.45%Beat13
    5
    0
    30d
    		+34.6%
    Mar 24
    Reported Apr 25
    		$0.71$0.71$0.68 - $0.74+0.00%Beat14
    12
    0
    30d
    		+31.5%
    Dec 23
    Reported Feb 6
    		$0.64$0.63$0.62 - $0.66+1.59%Beat13
    11
    0
    30d
    		+30.6%

    Dividends

    Next ex-dividend: Dec 1, 2026

    Dividend Metrics

    Forward Yield0.44%
    Forward Annual Dividend$0.56
    Payout Ratio9.46%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+14.47%
    5Y CAGR+8.45%
    TW dividend history and ex-dividend datesRun TW in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio32.42EV/EBITDA16.58x
    Price/FCF24.82xFCF Yield4.03%
    Profitability
    Profit Margin39.90%Operating Margin43.30%
    ROE14.50%ROICN/A
    Financial Health
    Debt/Equity0.00xInterest Coverage607.93x
    Current Ratio6.83xQuick Ratio6.83x
    Trading Statistics
    Beta0.56Avg Volume1.64M
    52-Week High$128.9752-Week Low$91.30

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$123.64
    SMA 20$119.58
    SMA 50$110.22
    SMA 200$109.57
    EMA 10$124.00
    EMA 20$120.01
    EMA 50$113.25
    EMA 200$110.32

    MACD

    Line: 5.04Signal: 4.58Hist: 0.46

    ADX

    ADX: 51.7+DI: 33.0-DI: 8.3

    Aroon & PSAR

    Aroon Up96.0
    Aroon DownN/A
    PSAR$119.36

    Bollinger Bands

    Upper Band$131.29
    Lower Band$107.88
    %B Position1958%(Upper)
    Band Width0.85

    RSI (14-Day)

    Overbought
    77.4

    Momentum Oscillators

    Stoch %K90.8
    Stoch %D90.9
    Williams %R-9.5
    ROC (10d)4.2%
    Momentum5.16
    CCI (20d)109.2
    MFI (14d)81.8

    Volatility Measures

    ATR (14d)$3.13(2.5%)
    StdDev (20d)5.85
    Hist Vol22.9%(Moderate)

    Volume Flow

    VWAP$127.11
    OBV22.2M
    AD Line-115.1M
    CMF (20d)0.263

    Volume Metrics

    Avg Vol (20d)1.7M
    Vol Ratio0.7x
    VWMA (20d)$120.58

    Pivot Points

    R3$131.86
    R2$130.41
    R1$128.99
    Pivot Point$127.54
    S1$126.12
    S2$124.67
    S3$123.25

    Advanced Oscillators

    TSI48.99
    Ultimate Osc55.5
    KST163.02

    Financial Data

    QuarterSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
    Total Revenue$584.54M$558.95M$617.76M$521.18M$508.60M$512.97M$509.68M$463.34M$448.92M$404.95M$408.74M$370.00M
    Cost of Revenue$178.93M$172.46M$197.79M$159.27M$164.99M$169.69M$176.88M$152.21M$160.16M$137.24M$143.09M$125.87M
    Gross Profit$405.62M$386.48M$419.97M$361.92M$343.61M$343.28M$332.80M$311.14M$288.75M$267.71M$265.65M$244.13M
    Operating Expenses$152.19M$141.22M$132.72M$140.90M$133.23M$143.43M$128.70M$122.60M$129.44M$105.22M$97.97M$102.50M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$81.70M$71.36M$63.82M$72.60M$62.24M$74.36M$60.93M$54.59M$66.15M$50.31M$43.96M$51.35M
    Operating Income$253.43M$245.26M$287.25M$221.01M$210.37M$199.85M$204.10M$188.54M$159.32M$162.49M$167.68M$141.63M
    Interest Income$18.35M$18.15M$17.45M$19.24M$20.35M$14.97M$13.85M$14.80M$16.66M$21.51M$21.06M$20.95M
    Interest Expense$522,000$505,000$624,000$403,000$522,000$429,000$587,000$573,000$1.45M$542,000$1.72M$667,000
    Income Before Tax$290.00M$270.19M$302.92M$456.71M$269.62M$227.06M$221.58M$210.25M$173.67M$183.46M$187.02M$141.30M
    Income Tax Expense$65.10M$63.50M$69.76M$89.59M$59.07M$51.54M$53.28M$50.30M$43.45M$47.05M$43.64M$37.56M
    Net Income$224.91M$206.69M$233.17M$367.12M$210.55M$175.52M$168.31M$159.94M$130.22M$136.42M$143.38M$103.74M
    EBITDA$334.49M$314.03M$346.81M$497.97M$314.14M$275.57M$271.02M$258.87M$216.33M$212.43M$217.01M$168.51M
    EBIT$272.17M$252.54M$286.10M$437.88M$249.79M$212.52M$208.32M$196.02M$158.46M$162.49M$167.68M$121.01M
    * Some calculated fields are derived from available data when not provided by source

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    TW Valuation and Fair Value

    P/E
    32.4x
    Forward P/E
    32.5x
    EV/EBITDA
    16.6x
    P/FCF
    24.8x
    PEG
    1.9x
    P/B
    4.1x
    See GNG's fair value

    TW Profitability: Margins, ROIC and FCF

    Gross margin
    69.0%
    Operating margin
    43.3%
    Net margin
    39.9%
    ROE
    14.5%
    FCF margin
    47.4%
    FCF yield
    4.0%

    TW Competitors

    CompanyTicker
    Citizens Financial Group, Inc.CFG
    Banco Bradesco S/A ADRBBDO
    Credicorp LtdBAP
    First Citizens BancShares, Inc.FCNCA
    W. R. Berkley CorpWRB
    Federal National Mortgage Association Fannie MaeFNMA
    Nomura Holdings Inc ADRNMR
    Brown & Brown IncBRO

    Sector: Financial Services

    TW Analyst Ratings

    Consensus
    Buy
    Analysts
    16
    Strong Buy
    3
    Buy
    5
    Hold
    8
    Sell
    0
    Strong Sell
    0

    TW Bull Case vs Bear Case

    Bull case

    • TW converts 47.4% of revenue into free cash flow.
    • TW has a 39.9% net profit margin.
    • TW beat EPS estimates in 75.0% of its last 8 reported quarters.

    TW Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    1.9%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $1.07

    TW Dividend

    Forward yield
    0.4%
    Payout ratio
    9.5%
    3Y DPS growth
    14.5%
    5Y DPS growth
    8.4%
    Pay months
    Mar, Jun, Sep, Dec
    TW dividend history

    TW Earnings Date

    TW reports Feb 3, 2027, after the close. The date is estimated.

    TW Earnings Call

    The latest TW earnings call transcript on file is labeled 2026Q3.

    Read the 2026Q3 transcript

    TW ETF Holders

    GNG tracks 22 ETFs that hold TW. The largest weights:

    1. Eaton Vance Enhanced Equity Income Fund (EOI), 1.33% of the fund
    2. Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY), 1.22% of the fund
    3. Vanguard Windsor Fund Admiral Shares (VWNEX), 0.79% of the fund
    4. SMOT, 0.76% of the fund
    5. AGF U.S. Market Neutral Anti-Beta Fund (BTAL), 0.43% of the fund
    Open the ETF Stock Exposure tool for TW

    See insider activity

    Frequently Asked Questions About TW

    When is TW's next ex-dividend date?

    TW's next ex-dividend date is Dec 1, 2026, for a declared dividend of $0.14 per share (record date Dec 1, 2026, payable Dec 15, 2026).

    When does TW report earnings?

    Tradeweb Markets Inc (TW) is expected to report earnings on Feb 3, 2027.

    What is TW's current dividend yield?

    Tradeweb Markets Inc (TW) has a forward dividend yield of 0.44%.

    Does TW pay dividends?

    Yes, Tradeweb Markets Inc pays dividends with a forward dividend yield of 0.44%.

    What is TW's P/E ratio?

    Tradeweb Markets Inc has a price-to-earnings (P/E) ratio of 32.42.

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