Tradeweb Markets Inc. (TW)

Tradeweb Markets Revenue

Tradeweb Markets had revenue of $584.55M in the quarter ending September 30, 2026, with 14.93% growth. This brings the company's total for the last twelve months to $2.28B, up 14.43% year-over-year. In the year 2025, Tradeweb Markets had annual revenue of $2.05B with 18.92% growth. That makes Tradeweb Markets the 4,592nd largest company in the world by revenue and 1,220th in the United States.

• Revenue (ttm): $2.28B
• Revenue Growth: +14.43%
• P/S Ratio: 12.47
• Revenue / Employee: $1,413,753
• Employees: 1,613
• Market Cap: 28.91B

Revenue Chart

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Revenue by Segment

By Segment

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• Variable Transaction Fees and Commissions 1.51B 73.5%
• Fixed Subscription Fees 232.18M 11.3%
• Fixed Transaction Fees and Commissions 191.02M 9.3%
• Fixed LSEG Market Data Fees 93.20M 4.5%
• Variable Other Fees 13.17M 0.6%
• Fixed Other Fees 11.62M 0.6%
• Variable Subscription Fees 1.84M 0.1%

By Geography

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• US 1.19B 58.2%
• International 858.37M 41.8%

Fiscal year ended Dec 31, 2025 See the full Tradeweb Markets breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	2.05B	326.48M	18.92%
Dec 31, 2024	1.73B	387.73M	28.97%
Dec 31, 2023	1.34B	149.44M	12.57%
Dec 31, 2022	1.19B	112.33M	10.44%
Dec 31, 2021	1.08B	183.79M	20.59%
Dec 31, 2020	892.66M	117.09M	15.10%
Dec 31, 2019	775.57M	117.99M	17.94%
Dec 31, 2018	657.58M	153.13M	30.36%
Dec 31, 2017	504.45M	12.27M	2.49%
Dec 31, 2016	492.18M	-	-

Data Source: Fiscal.ai Last updated: Oct 29, 2026

Revenue data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 2, 2026

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