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Tradeweb Markets Inc. (TW)
NASDAQ: TW · Real-Time Price · USD
107.01
+1.59 (1.51%)
At close: Dec 9, 2025, 4:00 PM EST
108.00
+0.99 (0.93%)
After-hours: Dec 9, 2025, 7:29 PM EST

Revenue Breakdown

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 20212015 - 2020
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 2015 - 2020
Variable Transaction Fees and Commissions Revenue
1.48B1.27B
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Variable Subscription Fees Revenue
1.77M1.76M
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Variable Other Fees Revenue
6.79M2.37M
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Total Variable Revenue
1.48B1.28B
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Fixed Transaction Fees and Commissions Revenue
180.63M148.91M
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Fixed Subscription Fees Revenue
227.26M204.90M
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Fixed LSEG Market Data Fees Revenue
90.58M82.15M
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Fixed Other Fees Revenue
11.65M11.23M
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Total Fixed Revenue
510.11M447.19M
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Revenue (Total)
1.99B1.73B
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Revenue Breakdown 2

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 20212015 - 2020
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 2015 - 2020
Institutional Revenue
1.22B1.04B
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Wholesale Revenue
397.57M385.67M
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Retail Revenue
147.94M143.25M
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Corporates Revenue
95.79M43.23M
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Market Data Revenue
129.95M118.02M
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Revenue (Total)
1.99B1.73B
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Revenue by Geography

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 20212015 - 2020
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 2015 - 2020
US Revenue
1.17B1.06B
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International Revenue
826.72M665.25M
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Revenue (Total)
1.99B1.73B
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Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 20212015 - 2020
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 2015 - 2020
Rates Cash Volume
134.03T120.91T
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Rates Derivatives Volume
216.62T197.77T
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Total Rates Volume
350.64T318.68T
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Cash Credit Volume
3.12T2.86T
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Credit Derivatives Volume
6.64T5.61T
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Total Credit Volume
9.76T8.47T
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Equities Cash Volume
3.09T2.79T
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Equities Derivatives Volume
3.41T3.21T
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Total Equities Volume
6.50T6.00T
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Money Markets Volume
287.46T204.01T
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Total Volume
654.37T537.15T
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Updated Oct 30, 2025. Data Source: Fiscal.ai.