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TW Stock Chart & Stats
$99.83
-$0.02(-0.02%)
At close: 4:00 PM EDT
$99.83
-$0.02(-0.02%)
Day’s Range― - ―
52-Week Range$91.42 - $141.13
Previous CloseN/A
Volume760.39K
Average Volume (3M)1.48M
Market Cap
$23.08B
Enterprise Value$20.00K
Total Cash (Recent Filing)$2.06B
Total Debt (Recent Filing)$150.34M
Price to Earnings (P/E)23.9
Beta0.39
Next Earnings
Oct 29, 2026EPS Estimate
0.98Next Dividend Ex-DateN/A
Dividend Yield0.52%
Share Statistics
EPS (TTM)4.20
Shares Outstanding116,035,960
10 Day Avg. Volume1,254,494
30 Day Avg. Volume1,481,105
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)3.52
Price to Sales (P/S)11.17
P/FCF Ratio20.34
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$120.80Price Target Upside21.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)4.02
Revenue Forecast (FY)$2.35B
Bulls Say, Bears Say
Bulls Say
High Profitability & MarginsSustained high margins (TTM net margin ~40%) signal durable operating leverage in Tradeweb’s marketplace model. Strong margins reflect pricing power, low variable costs of an electronic venue, and the ability to fund investments while maintaining attractive profitability over the medium term.
Strong Cash Generation & Low LeverageConsistently high OCF and FCF (TTM FCF >$1B and FCF ≈93% of net income) plus a very low debt-to-equity (~0.02) provide financial flexibility. This supports reinvestment, dividends, buybacks, and resilience through market cycles without leverage-driven constraints.
Broad Product & International MomentumRapid international growth and diversified product wins (strong swaps, ETFs, rates, credit) expand addressable markets and reduce reliance on any single geography. Growing international client share and multi-product adoption underpins durable top-line expansion and cross-selling opportunities.
Bears Say
Elevated Expense GrowthSignificant expense growth, notably technology and occupancy, raises the bar for future margin expansion. If revenue growth slows or investments take longer to monetize, sustained higher opex could compress incremental margins and delay payback on strategic initiatives.
Revenue Volatility From Market ActivityTradeweb’s transaction-fee model remains exposed to market volatility and episodic client activity. Periods of lower intraday volatility or client 'breathers' can materially reduce volumes and revenues, complicating forecasting and creating cyclicality in earnings despite structural adoption trends.
Digital Asset Mark-to-Market ExposureHoldings and mark-to-market swings in digital assets introduce earnings and balance-sheet volatility outside core execution businesses. Continued exposure could create GAAP income unpredictability, investor scrutiny, and potential regulatory or valuation risks if crypto markets remain turbulent.
Tradeweb Markets News
TW FAQ
What was Tradeweb Markets’s price range in the past 12 months?
Tradeweb Markets lowest stock price was $91.42 and its highest was $141.13 in the past 12 months.
What is Tradeweb Markets’s market cap?
Tradeweb Markets’s market cap is $23.08B.
When is Tradeweb Markets’s upcoming earnings report date?
Tradeweb Markets’s upcoming earnings report date is Oct 29, 2026 which is in 88 days.
How were Tradeweb Markets’s earnings last quarter?
Tradeweb Markets released its earnings results on Jul 30, 2026. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.941 by $0.029.
Is Tradeweb Markets overvalued?
According to Wall Street analysts Tradeweb Markets’s price is currently Undervalued.
Does Tradeweb Markets pay dividends?
Tradeweb Markets pays a Quarterly dividend of $0.14 which represents an annual dividend yield of 0.52%. See more information on Tradeweb Markets dividends here
What is Tradeweb Markets’s EPS estimate?
Tradeweb Markets’s EPS estimate is 0.98.
How many shares outstanding does Tradeweb Markets have?
Tradeweb Markets has 116,035,960 shares outstanding.
What happened to Tradeweb Markets’s price movement after its last earnings report?
Tradeweb Markets reported an EPS of $0.97 in its last earnings report, beating expectations of $0.941. Following the earnings report the stock price went down -9.595%.
Which hedge fund is a major shareholder of Tradeweb Markets?
Currently, no hedge funds are holding shares in TW
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Tradeweb Markets Stock Smart Score
Underperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$120.80 (21.01% Upside)
$120.80 (21.01% Upside)
Blogger Sentiment
Bullish
TW Sentiment 80%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 2.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.5%
Last 30 Days ▼ 8.4%
Last 30 Days ▼ 8.4%
News Sentiment
Bearish
Bullish news 33%
Bearish news 67%
Bearish news 67%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-27.56%
12-Months-Change
Fundamentals
Return on Equity
0.52%
Trailing 12-Months
Asset Growth
2.42%
Trailing 12-Months
Company Description
Tradeweb Markets
Tradeweb Markets Inc. is a global provider that develops and manages sophisticated electronic trading platforms across the Americas, Europe, the Middle East, Africa, and Asia Pacific. These digital venues facilitate transactions in a diverse array of financial instruments, including fixed income (rates and credit), money market products, and equities. The company offers a comprehensive range of services, encompassing pre-trade analytics and data, efficient trade execution, and streamlined processing. It also delivers valuable post-trade data insights, analytical tools, and detailed reporting solutions. Tradeweb caters to a broad spectrum of market participants. It provides flexible order management and trading systems for institutional investors, operating in 45 distinct financial markets and supporting 25 different currencies. Through its Dealerweb platform, it offers a mix of electronic, voice, and hybrid trading solutions to roughly 300 dealers and financial institutions. Furthermore, the Tradeweb Direct platform is specifically designed to serve financial advisory firms and individual traders. With a substantial client network of approximately 2,500 entities, Tradeweb serves the institutional, wholesale, and retail sectors. Its extensive client base includes asset managers, hedge funds, insurance providers, central banks, commercial banks, securities dealers, proprietary trading firms, retail brokerage houses, financial advisory practices, and regional dealers. Tradeweb Markets Inc. was established in 1996, with its corporate headquarters located in New York, New York. The company operates as a subsidiary of Refinitiv Parent Limited.
TW Company Deck
TW Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call was broadly positive: the company reported a record quarter with strong, broad-based revenue growth across swaps, ETFs, rates, credit and money markets, meaningful international momentum, expanded adjusted EBITDA margins, strong cash generation and continued shareholder returns. Key near-term headwinds include elevated expense growth (including FX and occupancy), variability from digital asset mark-to-market items, some retail/wholesale channel softness, and timing-related Market Data revenue effects. Management reiterated investment for growth while guiding expenses toward the top half of the prior range and expecting margin expansion, indicating confidence in durable long-term growth despite near-term variability.View all TW earnings summariesTW Revenue Breakdown
51.97% Rates
27.45% Credit
7.12% Equities
7.03% Market Data
6.43% Other
TW Stock 12 Month Forecast
Average Price Target
$120.80
▲(21.01% Upside)
Technical Analysis
Interactive Brokers
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Jefferies
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Marketaxess Holdings
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Raymond James Financial
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Futu Holdings
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Ownership Overview
0.36% Insiders
31.97% Mutual Funds
3.53% Other Institutional Investors
47.83% Public Companies and
Individual Investors