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Tradeweb Markets Inc.

$102.60 ▼ -0.72 (-0.70%) at close

9 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

Tradeweb Markets Inc. shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $21.9B

Dividend Yield 0.47%

Revenue Growth 18.9% ↘

Op. Margin 40.7% ↗

ROIC 10.1% ↗

FCF / Share $5.29 ↗

Trailing P/E 26.9x

Price / Book 3.4x

FCF Yield 5.2%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

9-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$2.05B

↑ +18.9% —

Net Income Profit after all expenses

$812.79M

↑ +62.1% —

Operating Margin Operating profit as % of sales

40.7%

↑ +3.6% 94th

FCF / Share Free cash flow per share

$5.29

↑ +31.4% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↓

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$0.48 Latest / share

+20.0% YoY

+8.4% 6-yr CAGR

FY 2017

FY 2018

FY 2019

$0.32

FY 2020

$0.32

FY 2021

$0.32

FY 2022

$0.36

FY 2023

$0.40

FY 2024

$0.48

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Revenue Growth YoY (%)	18.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+215%)	29.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+383%)	12.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+110%)	10.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+74%)	20.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+243%)	15.1% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+152%)	—	—	—
EPS Growth YoY (%)	62.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	35.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	15.3% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	32.7% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	22.8% Good Good Year-over-year change in earnings per share Optimal: > 10%	61.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	62.1% Excellent ↑ Excellent Improving Year-over-year change in net income	37.4% Excellent ↑ Excellent Improving Year-over-year change in net income	18.0% Good ↓ Good Declining Year-over-year change in net income	36.4% Excellent ↓ Excellent Declining Year-over-year change in net income	36.4% Excellent Excellent Year-over-year change in net income	98.5% Excellent Excellent Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	31.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	16.5% Good ↑ Good Improving Year-over-year change in free cash flow	16.4% Good ↑ Good Improving Year-over-year change in free cash flow	6.4% Fair ↓ Fair Declining Year-over-year change in free cash flow	16.4% Good Good Year-over-year change in free cash flow	20.0% Good Good Year-over-year change in free cash flow	—	—	—
Revenue CAGR 3Y (%)	20.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	17.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	14.4% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.3% Excellent Excellent Compound annual revenue growth over 3 years	—	16.6% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	18.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	17.3% Excellent Excellent Compound annual revenue growth over 5 years	—	16.1% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—
EPS CAGR 3Y (%)	36.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	27.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	23.4% Excellent Excellent Compound annual EPS growth over 3 years	38.1% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Operating Margin (%) (%)	40.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+63%)	39.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	37.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+51%)	34.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+39%)	33.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	29.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	24.5% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—	15.8% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)
Effective Tax Rate (%) (%)	21.6% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.4% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.4% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.2% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.4% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.2% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	6.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	39.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+80%)	29.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+32%)	27.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	26.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	21.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	18.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	10.8% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	—	14.9% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)
FCF Margin (%) (%)	54.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	49.6% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	54.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	51.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	52.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	48.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	38.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	37.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	1.39x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.71x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.99x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.97x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.47x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.60x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	3.52x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	2.52x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Return on Invested Capital (%)	10.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	8.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.9% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	4.3% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	10.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.6% Caution Caution Operating profit relative to total assets Optimal: > 10%	3.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	12.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-28%)	6.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-43%)	6.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	4.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-59%)	3.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-68%)	2.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-79%)	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Interest Coverage (x)	327.97x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	263.41x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	387.18x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	—	225.68x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	833.40x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	195.81x Excellent Excellent Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$-2.08B	$-1.34B	$-1.71B	$-1.26B	$-972.05M	$-791.28M	$-460.71M	$-410.10M	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Revenue per Share (USD)	$9.63	$8.10	$6.35	$5.78	$5.34	$4.95	$5.24	—	$2.61
Basic EPS, GAAP (USD)	$3.81	$2.35	$1.73	$1.50	$1.13	$0.92	$0.57	—	—
Free Cash Flow per Share (USD)	$5.29	$4.02	$3.45	$2.97	$2.79	$2.39	$1.99	—	$0.98
Dividend per Share (USD)	$0.48	$0.40	$0.36	$0.32	$0.32	$0.32	—	—	—
Book Value per Share (USD)	$30.52	$27.23	$25.49	$24.10	$23.06	$23.85	$22.83	—	—
Tangible Book Value per Share (USD)	$10.36	$6.43	$7.37	$5.35	$3.40	$2.36	$-4.04	—	—
Basic Weighted Avg Shares (shares)	213.21M	213.03M	210.80M	205.58M	201.42M	180.41M	148.01M	—	215.57M
Dividend Payout Ratio (%)	12.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	17.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	20.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	21.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	28.3% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	34.8% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—

🏦 How resilient is the balance sheet? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Total Equity (USD)	$6.51B	$5.80B	$5.37B	$4.95B	$4.65B	$4.30B	$3.38B	$4.57B	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Sales/Revenue/Turnover (USD)	$2.05B	$1.73B	$1.34B	$1.19B	$1.08B	$892.66M	$775.57M	—	$562.97M
Net Income, GAAP (USD)	$812.79M	$501.51M	$364.87M	$309.34M	$226.83M	$166.30M	$83.77M	—	$83.65M
Operating Cash Flow (USD)	$1.17B	$897.74M	$746.09M	$632.82M	$578.02M	$443.23M	$311.00M	—	$224.58M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 9 years · 32 quarters

Tradeweb Markets Inc.

Analytical Summary

9-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

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