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 | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transaction fees and commissions | $465.34M | $523.83M | $428.01M | $421.31M | $429.77M | $421.34M | $384.13M | $373.49M | $330.48M | $335.45M | $301.80M | $263.49M | 83.3% | +8.3% |
| Subscription fees | $61.72M | $60.27M | $60.02M | $60.83M | $57.39M | $55.78M | $55.03M | $51.21M | $50.75M | $49.68M | $47.49M | $46.36M | 11.0% | +7.5% |
| LSEG market data fees | $26.50M | $26.74M | $23.17M | $20.53M | $20.57M | $28.93M | $20.55M | $20.51M | $20.58M | $20.50M | $17.82M | $15.46M | 4.7% | +28.8% |
| Other | $5.39M | $6.92M | $9.99M | $5.93M | $5.24M | $3.63M | $3.64M | $3.70M | $3.15M | $3.11M | $2.89M | $3.05M | 1.0% | +2.8% |
By region
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $313.88M | $343.65M | $300.94M | $297.44M | $297.80M | $297.88M | $274.75M | $279.71M | $252.14M | $254.10M | $232.88M | $207.84M | 56.2% | +5.4% |
| International | $245.07M | $274.11M | $220.24M | $211.16M | $215.17M | $211.80M | $188.59M | $169.21M | $152.81M | $154.64M | $137.13M | $120.52M | 43.8% | +13.9% |
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.