TWNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Tradeweb Markets Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$114.70+1.21 (+1.07%)
Close on Oct 19, 2026
- Market cap
- $24.41B
- P/E (TTM)
- 27.4
- Dividend yield
- 0.42%
Tradeweb Markets Inc. revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Transaction fees and commissions | $1.70B | $1.42B | $1.08B | $950.27M | $846.35M | $681.59M | $572.95M | – | $267.02M | 82.8% | +19.5% |
| Subscription fees | $234.02M | $206.66M | $183.97M | $165.92M | $158.45M | $142.36M | $138.73M | – | $144.41M | 11.4% | +13.2% |
| LSEG market data fees | $93.20M | $82.15M | $64.34M | $62.72M | $61.16M | $59.71M | $55.64M | – | $50.13M | 4.5% | +13.5% |
| Other | $24.79M | $13.60M | $11.57M | $9.87M | $10.48M | $9.01M | $8.25M | – | $4.67M | 1.2% | +82.3% |
| Commissions | – | – | – | – | – | $163.11M | $149.37M | – | $96.75M | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $1.19B | $1.06B | $850.34M | $760.64M | $673.22M | $570.06M | $497.32M | – | $385.18M | 58.2% | +12.6% |
| International | $858.37M | $665.25M | $487.88M | $428.14M | $403.22M | $322.60M | $278.25M | – | $177.79M | 41.8% | +29.0% |
From the segment and revenue-disaggregation notes of Tradeweb Markets's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.