TWTradeweb Markets Inc.
$111.08-0.53% 1Y
$111.08
$91.5052 weeks$126.39
The financials
Tradeweb Markets Inc. by the numbers
Tradeweb Markets Inc. (TW) reported revenue of $559M in Q2 2026 (quarter ended Jun 30, 2026), up 9.0% from the same quarter a year earlier. That came with net income of $181M (32% of revenue). For the full year FY2025, revenue was $2.05B (+19% year on year) and net income $813M. Its largest product in Q2 2026 was Transaction Fee at $465M, 83% of the disclosed total, well ahead of Subscription Fee at 11%. The next results filing is expected around Oct 29, 2026, the same week as a year ago.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $559M | $513M | +9.0% |
| Operating income | $245M | $200M | +23% |
| Net income | $181M | $154M | +18% |
| Diluted EPS | $0.85 | $0.71 | +20% |
| Product | Revenue | Share |
|---|---|---|
| Transaction Fee | $465M | 83% |
| Subscription Fee | $62M | 11% |
| Market Data | $26M | 4.7% |
| Financial Service Other | $5.4M | 1.0% |
| Subscription Fee And Market Data | $500K | 0.1% |
Business segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $559.4M (-9.5%)
Market Data grew +29% year on yearFinancial Service Other +2.8% year on year
Segment Latestquarter on quarteryear on year
- Transaction Fee$465.3M$465.3Mquarter on quarter -11%year on year +8.3%-11%+8.3%
- Subscription Fee$61.7M$61.7Mquarter on quarter +2.4%year on year +7.5%+2.4%+7.5%
- Market Data$26.5M$26.5Mquarter on quarter -0.92%year on year +29%-0.92%+29%
- Financial Service Other$5.4M$5.4Mquarter on quarter -22%year on year +2.8%-22%+2.8%
- Subscription Fee And Market Data$500.0K$500.0Kquarter on quarter 0.00%year on year +14%0.00%+14%
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