Tradeweb Markets Inc. (TW) is a Financials stock trading at $99.93 (as of 2026-07-17), with a market capitalization of $21.32B and a trailing P/E of 29.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
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.
Tradeweb Markets builds and operates electronic marketplaces for trading rates, credit, money markets, and equities, earning money from pre-trade data and analytics, trade execution, trade processing, and post-trade data, analytics, and reporting services.
The revenue model is structurally weighted toward Variable Trading Revenues, with smaller contributions from Fixed trading revenues and Other Revenue, so profitability tends to track the performance of these variable versus fixed revenue streams.
| Variable | $0.5B |
| Fixed | $0.1B |
| Other | $0.0B |
Business quality (Strong): Strong visibility into how revenue is split between variable and fixed trading streams, but the provided data does not include additional operating metrics or margins by segment.
Valuation: At 24× earnings, TW trades 28% below the Trading average (34×). Note: one-time items can distort reported P/E.
| Price | $99.93 |
| Market Cap | $21.32B |
| P/E Ratio | 29.0 |
| EV / EBITDA | 16.8 |
| Price / Book | 2.92 |
| Price / Sales | 9.92 |
| FCF Yield | 6.6% |
| DCF Value (model) | $76.65 |
| DCF Upside vs Price | -23.3% |
| Revenue (TTM) | $2.05B |
| Net Margin | 39.6% |
| Revenue Growth (YoY) | 12.5% |
| EPS Growth (YoY) | 126.9% |
| FCF Growth (YoY) | 37.9% |
| Stock P/E | 29.0 |
| Sector P/E (Financials) | 15.4 |
| Industry P/E (Trading) | 34.1 |
| vs Sector | 88.2% |
| vs Industry | -14.9% |
| Top Institutional Holder | VANGUARD GROUP INC ($1.29B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 7 |
| Sector | Financials |
| Industry | Trading |
| CEO | William E. Hult |
| Employees | 1,412 |
| Country | US |
| IPO Date | 2019-04-04 |
Data as of 2026-07-17.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.