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Tradeweb Markets Inc. (TW)
NASDAQ: TW · Real-Time Price · USD
100.50
+2.70 (2.76%)
Jul 31, 2026, 4:00 PM EDT - Market closed

Revenue Breakdown

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Variable Transaction Fees and Commissions Revenue
1.64B1.51B1.27B
Variable Subscription Fees Revenue
1.94M1.84M1.76M
Variable Other Fees Revenue
16.63M13.17M2.37M
Total Variable Revenue
1.66B1.52B1.28B
Fixed Transaction Fees and Commissions Revenue
200.66M191.02M148.91M
Fixed Subscription Fees Revenue
240.91M232.18M204.90M
Fixed LSEG Market Data Fees Revenue
96.94M93.20M82.15M
Fixed Other Fees Revenue
11.59M11.62M11.23M
Total Fixed Revenue
550.10M528.02M447.19M
Revenue (Total)
2.21B2.05B1.73B

Revenue Breakdown 2

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Institutional Revenue
1.41B1.28B1.04B
Wholesale Revenue
422.42M400.75M385.67M
Retail Revenue
139.53M146.51M143.25M
Corporates Revenue
99.91M95.90M43.23M
Market Data Revenue
138.82M133.72M118.02M
Revenue (Total)
2.21B2.05B1.73B

Revenue by Geography

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
US Revenue
1.26B1.19B1.06B
International Revenue
950.59M858.37M665.25M
Revenue (Total)
2.21B2.05B1.73B

Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Rates Cash Volume
146.92T137.04T120.90T
Rates Derivatives Volume
290.20T240.17T197.77T
Total Rates Volume
437.12T377.21T318.67T
Cash Credit Volume
3.48T3.21T2.86T
Credit Derivatives Volume
8.24T6.94T5.61T
Total Credit Volume
11.71T10.15T8.47T
Equities Cash Volume
3.71T3.26T2.79T
Equities Derivatives Volume
3.71T3.47T3.21T
Total Equities Volume
7.42T6.73T6.00T
Money Markets Volume
310.32T293.86T204.01T
Total Volume
766.57T687.95T537.15T