Tradeweb Markets Inc. (TW) stock
TWNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 17/302% below fair value
$131.64+1.04 (+0.80%)
Close on Nov 12, 2026Market cap $30.56BP/E 30.9Yield 0.36%
Tradeweb Markets profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Tradeweb Markets's profit margin for the twelve months ending Sep 30, 2026 was 39.8%. For fiscal 2025 it was 39.6%, against 29.1% the year before. The highest annual figure on record is 39.6% in fiscal 2025.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 39.6% | +10.5 |
| FY2024 | Dec 31, 2024 | 29.1% | +1.8 |
| FY2023 | Dec 31, 2023 | 27.3% | +1.2 |
| FY2022 | Dec 31, 2022 | 26.0% | +4.9 |
| FY2021 | Dec 31, 2021 | 21.1% | +2.4 |
| FY2020 | Dec 31, 2020 | 18.6% | +7.8 |
| FY2019 | Dec 31, 2019 | 10.8% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 33.8% | −2.7 |
| Q2 FY2026 | Jun 30, 2026 | 32.4% | +2.5 |
| Q1 FY2026 | Mar 31, 2026 | 33.2% | +4.1 |
| Q4 FY2025 | Dec 31, 2025 | 62.4% | +31.7 |
| Q3 FY2025 | Sep 30, 2025 | 36.5% | +11.1 |
| Q2 FY2025 | Jun 30, 2025 | 30.0% | +0.5 |
| Q1 FY2025 | Mar 31, 2025 | 29.1% | −1.7 |
| Q4 FY2024 | Dec 31, 2024 | 30.7% | +6.6 |
| Q3 FY2024 | Sep 30, 2024 | 25.4% | −4.7 |
| Q2 FY2024 | Jun 30, 2024 | 29.4% | +0.8 |
| Q1 FY2024 | Mar 31, 2024 | 30.9% | +4.2 |
| Q4 FY2023 | Dec 31, 2023 | 24.1% | −6.2 |
| Q3 FY2023 | Sep 30, 2023 | 30.0% | +6.0 |
| Q2 FY2023 | Jun 30, 2023 | 28.7% | +5.7 |
| Q1 FY2023 | Mar 31, 2023 | 26.7% | +0.0 |
| Q4 FY2022 | Dec 31, 2022 | 30.4% | +12.7 |
| Q3 FY2022 | Sep 30, 2022 | 24.1% | +3.4 |
| Q2 FY2022 | Jun 30, 2022 | 23.0% | +1.8 |
| Q1 FY2022 | Mar 31, 2022 | 26.6% | +1.8 |
| Q4 FY2021 | Dec 31, 2021 | 17.7% | −6.0 |
| Q3 FY2021 | Sep 30, 2021 | 20.6% | +3.3 |
| Q2 FY2021 | Jun 30, 2021 | 21.2% | +6.8 |
| Q1 FY2021 | Mar 31, 2021 | 24.8% | +6.1 |
| Q4 FY2020 | Dec 31, 2020 | 23.6% | +2.7 |
| Q3 FY2020 | Sep 30, 2020 | 17.3% | +2.6 |
| Q2 FY2020 | Jun 30, 2020 | 14.4% | +7.6 |
| Q1 FY2020 | Mar 31, 2020 | 18.7% | – |
| Q4 FY2019 | Dec 31, 2019 | 20.9% | – |
| Q3 FY2019 | Sep 30, 2019 | 14.7% | – |
| Q2 FY2019 | Jun 30, 2019 | 6.7% | – |
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