Tradeweb Markets (TW)
NASDAQ:TW
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TW Stock Chart & Stats
$118.34
$1.20(0.91%)
At close: 4:00 PM EST
$118.34
$1.20(0.91%)
Day’s Range― - ―
52-Week Range$94.25 - $147.49
Previous CloseN/A
Volume188.50K
Average Volume (3M)1.79M
Market Cap
$23.53B
Enterprise Value$19.57B
Total Cash (Recent Filing)$1.94B
Total Debt (Recent Filing)$142.83M
Price to Earnings (P/E)24.4
Beta0.33
Next Earnings
Jul 30, 2026EPS Estimate
0.96Next Dividend Ex-DateN/A
Dividend Yield0.45%
Share Statistics
EPS (TTM)4.07
Shares Outstanding116,035,960
10 Day Avg. Volume2,222,320
30 Day Avg. Volume1,788,684
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 Cap0.83
Enterprise Value/Revenue9.06
Enterprise Value/Gross Profit13.32
Enterprise Value/Ebitda12.99
Forecast
1Y Price Target
$133.50Price Target Upside12.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)4.05
Revenue Forecast (FY)$2.35B
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetExtremely low leverage and a steadily growing equity base provide durable financial flexibility. Minimal debt reduces refinancing and solvency risk, enabling the firm to fund strategic investments, buybacks, and dividends from internal resources over the next several quarters without stressing liquidity.
High-quality Cash GenerationConsistent, strong free cash flow that closely tracks reported earnings supports sustainable capital returns and growth investments. Robust FCF reduces reliance on external financing, underpins dividends and repurchases, and offers a durable buffer for pursuing product and geographic expansion.
Diversified Product & International GrowthRevenue growth concentrated across swaps, ETFs, rates, credit and money markets with accelerating international adoption expands the addressable market and reduces single-asset cyclicality. Rising market share in swaps and cross-product momentum support more stable long-term volume and fee growth.
Bears Say
Elevated Expense Growth From InvestmentsRapidly rising operating costs driven by technology, occupancy and staffing investments will compress near-term margin expansion. While investments aim to grow future revenue, they may mute incremental margins over the next several quarters and increase execution risk if revenue growth slows.
Moderating Revenue And FCF GrowthTop-line and free-cash-flow growth have decelerated versus earlier high-growth years, signaling potential normalization. Slower growth reduces operating leverage and the pace of returns to shareholders; sustaining long-term margin and earnings momentum depends on regaining higher organic volume growth.
Fee Pressure In Cash CreditDeclines in fees per unit in cash credit reflect structural mix changes and competitive pressure that can erode revenue intensity. Persistent fee compression across product segments would limit revenue resilience to volume swings and weaken the long-term profit per trade economics.
Tradeweb Markets News
TW FAQ
What was Tradeweb Markets’s price range in the past 12 months?
Tradeweb Markets lowest stock price was $94.25 and its highest was $147.49 in the past 12 months.
What is Tradeweb Markets’s market cap?
Tradeweb Markets’s market cap is $23.53B.
When is Tradeweb Markets’s upcoming earnings report date?
Tradeweb Markets’s upcoming earnings report date is Jul 30, 2026 which is in 50 days.
How were Tradeweb Markets’s earnings last quarter?
Tradeweb Markets released its earnings results on Apr 29, 2026. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.064 by $0.016.
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 0.45%. See more information on Tradeweb Markets dividends here
What is Tradeweb Markets’s EPS estimate?
Tradeweb Markets’s EPS estimate is 0.96.
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 $1.08 in its last earnings report, beating expectations of $1.064. Following the earnings report the stock price went up 5.126%.
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$133.50 (12.81% Upside)
$133.50 (12.81% Upside)
Blogger Sentiment
Bullish
TW Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 2.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-29.50%
12-Months-Change
Fundamentals
Return on Equity
13.64%
Trailing 12-Months
Asset Growth
12.56%
Trailing 12-Months
Company Description
Tradeweb Markets
Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 45 markets across 25 currencies. It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory firms and traders with Tradeweb Direct platform. The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. Tradeweb Markets Inc. was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.
TW Company Deck
TW Earnings Call
Q1 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
$133.50
▲(12.81% 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
32.66% Mutual Funds
28.11% Other Institutional Investors
23.50% Public Companies and
Individual Investors