Stocks›Financial Services›TW

TW

Tradeweb Markets Inc.

NasdaqResearch view

$101.19+0.06%

Sep 25 close · 1D EOD · Databento

Financial ServicesSecurity & Commodity Brokers, Dealers, Exchanges & ServicesLarge-capSEC EDGAR FY 2025-12-31

What happened

Daily closes · dots are Wire stories

What’s next

Expected around late October, going by its own filing history. The company has not announced a date yet. Its matching report came Oct 30, 2025 and Oct 30, 2024, before the open.

Last report

Jul 30, 2026−9.60%

before the open

Last 4, next close

median 6.88% either way

up 2 of 4

Every report since 2022 →

DateEventSourceNext close

Jul 30Earnings release, before the open · 8-KSEC EDGARSEC EDGAR ↗−9.60%

Next close = the first close after the event against the close before it. Prior-session closes only; not a call, not advice.

Big days · last year

Daily closes · Databento EOD

21 big days: a close more than 3.08% from the one before, three times TW’s median day (1.03%). On 7 of 21, its largest peers moved the same way at least half as far. We show what we hold, never a cause.

Shaded: since our stories began, May 26, 2026

21Sep 22, 2026
Sep 22, 2026Nothing in our recordNo TW story, brief or results filing in our record that dayGroup −1.6% did not move with it
−1.6% did not move with itCME −3.0 · CBOE −1.7 · ICE −1.6 · NDAQ −0.2
−4.51%
20Jul 30, 2026
Jul 30, 2026ResultsThe first close after a results filing (SEC 8-K, Item 2.02)Group +0.1% did not move with it
+0.1% did not move with itCBOE −3.7 · ICE +1.3 · CME +0.7 · NDAQ −0.4
−9.60%
19Jul 29, 2026
Jul 29, 2026Nothing in our recordNo TW story, brief or results filing in our record that dayGroup +1.6% did not move with it
+1.6% did not move with itCBOE +3.5 · CME +2.1 · ICE +1.0 · NDAQ −0.4
+3.75%
18Jul 21, 2026
Jul 21, 2026Nothing in our recordNo TW story, brief or results filing in our record that dayGroup −1.9% moved the same way
−1.9% moved the same wayCME −3.1 · ICE −2.0 · NDAQ −1.8 · CBOE −1.4
−3.21%
17Jun 30, 2026
Jun 30, 2026Nothing in our recordNo TW story, brief or results filing in our record that dayGroup +1.8% did not move with it
+1.8% did not move with itCBOE +4.8 · NDAQ +2.6 · CME +1.0 · ICE +0.2
+8.21%
16Jun 25, 2026
Jun 25, 2026Nothing in our recordNo TW story, brief or results filing in our record that dayGroup −3.6% moved the same way
−3.6% moved the same wayNDAQ −4.8 · ICE −4.3 · CME −2.9 · CBOE −1.9
−4.74%
15Jun 24, 2026
Jun 24, 2026Nothing in our recordNo TW story, brief or results filing in our record that dayGroup −2.6% moved the same way
−2.6% moved the same wayCME −4.4 · CBOE −3.0 · ICE −2.2 · NDAQ −1.1
−3.16%
14Jun 8, 2026
Jun 8, 2026Nothing in our recordNo TW story, brief or results filing in our record that dayGroup −1.1% did not move with it
−1.1% did not move with itCME −2.1 · ICE −1.7 · NDAQ −0.6 · CBOE −0.6
−4.15%
13May 26, 2026
May 26, 2026Nothing in our recordNo TW story, brief or results filing in our record that dayGroup −1.2% did not move with it
−1.2% did not move with itCME −3.0 · ICE −1.5 · CBOE −0.8 · NDAQ −0.1
−3.69%
12May 20, 2026
May 20, 2026Before our storiesGroup −1.9% did not move with it
−1.9% did not move with itCME −4.0 · NDAQ −2.1 · ICE −1.6 · CBOE −0.6
−3.73%
11Apr 30, 2026
Apr 30, 2026Before our storiesGroup +0.4% did not move with it
+0.4% did not move with itCBOE −1.8 · ICE +1.2 · NDAQ +0.7 · CME +0.2
−4.12%
10Apr 29, 2026
Apr 29, 2026ResultsThe first close after a results filing (SEC 8-K, Item 2.02)Group +0.3% did not move with it
+0.3% did not move with itCME +1.0 · CBOE +0.7 · ICE −0.1 · NDAQ −0.0
+5.13%
9Apr 9, 2026
Apr 9, 2026Before our storiesGroup −2.4% moved the same way
−2.4% moved the same wayNDAQ −4.4 · ICE −3.5 · CME −1.3 · CBOE −0.7
−3.19%
8Apr 2, 2026
Apr 2, 2026Before our storiesGroup +2.9% moved the same way
+2.9% moved the same wayCBOE +3.5 · ICE +3.1 · CME +2.8 · NDAQ +1.8
+3.91%
7Feb 9, 2026
Feb 9, 2026Before our storiesGroup +1.7% moved the same way
+1.7% moved the same wayCBOE +2.8 · NDAQ +1.7 · CME +1.6 · ICE +0.3
+3.15%
6Feb 5, 2026
Feb 5, 2026ResultsThe first close after a results filing (SEC 8-K, Item 2.02)Group +1.2% did not move with it
+1.2% did not move with itNDAQ −3.4 · ICE +2.1 · CBOE +1.5 · CME +0.9
+8.64%
5Feb 3, 2026
Feb 3, 2026Before our storiesGroup −2.5% moved the same way
−2.5% moved the same wayNDAQ −9.4 · ICE −5.8 · CBOE +1.8 · CME +0.8
−3.26%
4Jan 26, 2026
Jan 26, 2026Before our storiesGroup +0.7% did not move with it
+0.7% did not move with itCBOE −2.3 · ICE +1.3 · NDAQ +0.9 · CME +0.5
+3.44%
3Jan 7, 2026
Jan 7, 2026Before our storiesGroup −0.6% did not move with it
−0.6% did not move with itICE −2.5 · CBOE +2.0 · CME −0.9 · NDAQ −0.3
−4.13%
2Jan 5, 2026
Jan 5, 2026Before our storiesGroup +1.9% did not move with it
+1.9% did not move with itICE +3.5 · CME +2.0 · NDAQ +1.9 · CBOE +1.6
+4.05%
1Oct 6, 2025
Oct 6, 2025Before our storiesGroup −1.1% did not move with it
−1.1% did not move with itICE −2.2 · CBOE −1.1 · CME −1.0 · NDAQ +0.6
−5.81%

A story on the same day is not a cause, and a group move is not proof either. Group: CME, ICE, NDAQ, CBOE, the largest companies in TW’s SEC industry; “the same way” means the same direction and at least half as far. Prior-session closes only; not a call, not advice.

The numbers · FY2025, filed

SEC EDGAR

Market cap$21.7B

Revenue$2.1B+18.90%

Net income$812.8M

EPS, diluted$3.78+62.20%

Operating margin40.7%

Return on equity11.3%

All filed figures

Snapshot

SEC EDGAR · FY 2025-12-31

SectorFinancial Services

Market Cap$21.7B

Enterprise Value$19.7B

Income$812.8M

Sales$2.1B

Book/sh—

Cash/sh—

Dividend TTM$0.48

Payout—

Employees—

IPO—

Quick Ratio—

Current Ratio—

Debt/Eq—

EPS (ttm)$3.78

EPS this Y62.2%

EPS past 3/5Y36.7%

Sales past 3/5Y20.0%

EPS Y/Y TTM62.2%

Sales Y/Y TTM18.9%

Shs Outstand—

ROA9.9%

ROE11.3%

ROIC12.8%

Gross Margin—

Oper. Margin40.7%

Profit Margin39.6%

Every figure here is filed with the SEC. Valuation and estimate metrics (P/E, PEG, EV/EBITDA, price targets, forward EPS) are omitted until our market-data feed is licensed for display — we’d rather show fewer numbers than blank ones. Deeper lines (cash flow, balance sheet) below.

Revenue by fiscal year

$1.1B

FY21

$1.2B

FY22

$1.3B

FY23

$1.7B

FY24

$2.1B

FY25

Operating leverage — margins

GrossOperatingNet

Financials, annual · income and cash flowSEC EDGAR · open ▸

Financials — annual

SEC EDGAR · last 5 FY · tap a row to explain it

USD	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.1B	$1.2B	$1.3B	$1.7B	$2.1B
Gross Profit	—	—	—	—	—
Operating Income	$358.8M	$412.6M	$505.3M	$678.0M	$835.3M
Net Income	$226.8M	$309.3M	$364.9M	$501.5M	$812.8M
Diluted EPS	$1.09	$1.48	$1.71	$2.33	$3.78
Operating Cash Flow	$578.0M	$632.8M	$746.1M	$897.7M	$1.2B
Free Cash Flow	$561.1M	$609.6M	$727.6M	$856.8M	$1.1B

Same industry

In the screener →

CME$95.3B ICE$86.6B NDAQ$52.3B CBOE$26.9B LPLA$24.8B SNEX$8.1B BGC$5.7B TOP$574M

Build basket with TW Screener

Fundamentals sourced from SEC EDGAR filings (public domain). For informational purposes only. Not investment advice.