Tradeweb Markets Inc. (TW) Financial Statements

Tradeweb Markets Inc.

TW · Nasdaq

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2017
Total Revenue	$2.05B	$1.73B	$1.34B	$1.19B	$1.08B	$892.66M	$775.57M	$562.97M
Operating Expenses	$1.22B	$1.05B	$832.95M	$776.21M	$717.62M	$629.30M	$585.75M	$415.36M
Operating Income	$835.34M	$678.03M	$505.27M	$412.57M	$358.83M	$263.36M	$189.82M	$89.09M
Interest Expense	—	—	$65.35M	$11.91M	-$1.59M	-$316.00K	$2.37M	—
Other Income / (Expense)	$263.38M	-$1.11M	-$13.12M	-$1.00M	$0.00	—	—	—
Income Before Taxes	$1.17B	$754.40M	$547.98M	$437.13M	$369.98M	$274.46M	$225.33M	$89.78M
Provision for Income Taxes	$253.47M	$184.44M	$128.48M	$77.52M	$96.88M	$56.07M	$52.30M	$6.13M
Net Income	$812.79M	$501.51M	$364.87M	$309.34M	$226.83M	$166.30M	$83.77M	$83.65M
Basic EPS	$3.81	$2.35	$1.73	$1.50	$1.13	$0.92	$0.57	—
Diluted EPS	$3.78	$2.33	$1.71	$1.48	$1.09	$0.88	$0.54	—
Basic Shares Outstanding	213.21M	213.03M	210.80M	205.58M	201.42M	180.41M	148.01M	215.57M
Diluted Shares Outstanding	214.90M	214.92M	212.67M	208.40M	207.25M	188.22M	156.54M	215.57M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$4.08	$4.03	$4.15	9	↑8 ↓1
Dec 2027	$4.69	$4.40	$4.98	9	↑7 ↓0
Dec 2028	$5.20	$4.34	$5.84	7	↑5 ↓1
Dec 2029	$5.51	$4.88	$6.40	3	↑2 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: TW
Type: Stock
Sector: Finance
Industry: Investment Bankers/Brokers/Service
Country: North America
Exchange: Nasdaq

Tradeweb Markets Inc. (Nasdaq: TW) is a leading global operator of electronic marketplaces for rates, credit, equities, and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing, and reporting for more than 50 products to clients in the institutional, wholesale, retail, and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution, and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $3 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.

Key Issues

Bullish view

FY2025 revenue rose to $2.1 billion from $1.7 billion, while net income increased to $0.8 billion from $0.5 billion; Zacks also expects earnings growth and sees potential for a beat in the upcoming report.

Bearish view

The supplied figures compare only two fiscal years, and Zacks provides no quantified forecast, so the evidence does not establish that the growth rate will persist.

Analyst Consensus

See all

Hold

14 analysts

$123

Current

—

Low

$125

Average

—

High

Average target implies +1.26% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Raymond James Financial, Inc.RJF · NYSE