Tradeweb Markets Inc. (TW) stock
Close on Nov 11, 2026Market cap $30.32BP/E 30.7Yield 0.37%
Tradeweb Markets Inc. grew revenue 14.4% to $2.28B over the twelve months to Sep 30, 2026. Operating income rose 25.4% to $1.01B, moving the operating margin from 40.3% to 44.1%. Free cash flow was $1.15B, up 10.2% from a year earlier. At the latest close the market valued the company at $30.32B, 30.7 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $30.32B
- P/E ratio
- 30.7
- Price to sales
- 13.28
- Price to book
- 4.58
- Dividend yield
- 0.37%
- Free cash flow yield
- 3.81%
Fundamentals
- Revenue
- $2.28B
- Net income
- $909.05M
- EPS, diluted
- $4.26
- Free cash flow
- $1.15B
- Book value per share
- $31.40
- Diluted shares
- 211M
Trading
- Next earnings
- Feb 4, 2027 (estimated, before the open)
- Previous close
- $129.63
- Open
- $128.82
- Day's range
- $128.77 – $131.15
- Volume
- 968,590
- Average volume (20 days)
- 1,757,057
- Index membership
- Russell 1000 (since Jun 2020), Russell 3000 (since Aug 2020)
- Beta (5 years)
- 0.65
- 52-week range
- $91.42 – $131.15
- RSI (14 days)
- 80.8
- Volatility (1 year)
- 30.7%
- Relative volume
- 0.66×
- WACC
- 8.1%
Index membership is inferred from the holdings of funds that track each index (IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2019, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | TW | S&P 500 | Difference | TW per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +17.6% | -2.4% | +20.0 pts | ||
| 3 months | +25.2% | -1.2% | +26.4 pts | ||
| Year to date | +21.9% | +12.3% | +9.6 pts | ||
| 1 year | +18.9% | +12.4% | +6.5 pts | ||
| 3 years | +41.7% | +78.8% | −37.1 pts | +12.3% | +21.4% |
| 5 years | +40.4% | +75.2% | −34.8 pts | +7.0% | +11.9% |
| 10 years | +10.0% | +311.1% | −301.1 pts | +1.0% | +15.2% |
Ten years at a glance
Fiscal years 2016 to 2025 and trailing twelve months, USD
Revenue
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Tradeweb Markets filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Results
- Results
- Results
- Results
About Tradeweb Markets
Security & Commodity Brokers, Dealers, Exchanges & Services
Tradeweb Markets builds and operates electronic marketplaces that facilitate the trading of financial products across rates, credit, equities, and money markets. Serving institutional, wholesale, retail, and corporate clients, the company provides trade lifecycle solutions encompassing pre-trade data, execution, post-trade processing, and analytics. Key offerings include trading protocols such as Request-for-Quote, portfolio trading, and central limit order books, along with workflow automation and pricing data services for asset managers, hedge funds, banks, and corporate treasurers.
Company profile, executives and historyTradeweb Markets stock: common questions
What is Tradeweb Markets's stock price?
TW closed at $130.60 on Nov 11, 2026, up 0.75% on the day. Over the past 52 weeks it traded between $91.42 and $131.15.
What is Tradeweb Markets's market cap?
Tradeweb Markets was worth $30.32B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is TW's P/E ratio?
TW trades at 30.7 times earnings, based on diluted earnings per share of $4.26 over the twelve months to Sep 30, 2026.
How much revenue does Tradeweb Markets make?
Tradeweb Markets reported revenue of $2.28B for the twelve months to Sep 30, 2026, up 14.4% from a year earlier.
Does Tradeweb Markets pay a dividend?
Yes. Tradeweb Markets paid $0.48 per share over the last twelve months, a yield of 0.37% at the latest price, and has raised its annual dividend 3 years in a row.
When does Tradeweb Markets report earnings next?
Tradeweb Markets is expected to report Q4 FY2026 results on Feb 4, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has TW stock performed over the past year?
Including dividends, TW returned +18.9% over the past year, against +12.4% for the S&P 500.
How many TW shares are sold short?
4M shares were sold short at the latest FINRA report, 3.22% of the float, or 1.8 days of average trading volume.
Who are Tradeweb Markets's competitors?
Companies most similar to Tradeweb Markets by business, industry and size include MRX, CBOE, BGC, CME, NDAQ.
See a number that looks wrong?