Tradeweb Markets Inc., headquartered in New York City, operates electronic trading platforms primarily used by institutional investors to trade fixed income products, ETFs, and derivatives. It has over 3,000 customers including banks, asset managers, central banks, pension funds, and insurance companies. In 2024, 83% of the company's revenue was from transaction fees and commissions and 17% was from subscription fees. In 2024, 52% of revenue came from products related to rates, 27% of revenues came from products related to credit, 7% came from products related to money markets and repurchase agreements, 7% of revenues came from market data, and 6% of revenues came from equities transactions. The company's primary competitors are MarketAxess, Bloomberg L.P., Intercontinental Exchange, CME Group, BGC Group, Euronext, and Trumid.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| TW | Tradeweb Markets Inc. | 2025-10-16 18:35:29 | 106.41 | -0.08 | -0.08 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TW | 0001758730 | Tradeweb Markets Inc. | US8926721064 | — | — | Nasdaq | 6200 | Security & Commodity Brokers, Dealers, Exchanges & Services | 1231 | DE | 1177 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | UNITED STATES | US | 646-430-6000 | 1177 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036 | 1177 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036 | — | — | 1998 | — | 1,412 | http://tradeweb.com | 12,200,000,000 | 0 | — | Tradeweb Markets Inc., headquartered in New York City, operates electronic trading platforms primarily used by institutional investors to trade fixed income products, ETFs, and derivatives. It has over 3,000 customers including banks, asset managers, central banks, pension funds, and insurance companies. In 2024, 83% of the company's revenue was from transaction fees and commissions and 17% was from subscription fees. In 2024, 52% of revenue came from products related to rates, 27% of revenues came from products related to credit, 7% came from products related to money markets and repurchase agreements, 7% of revenues came from market data, and 6% of revenues came from equities transactions. The company's primary competitors are MarketAxess, Bloomberg L.P., Intercontinental Exchange, CME Group, BGC Group, Euronext, and Trumid. | 2025-10-10 19:25:31 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2024 | 12,200,000,000 | -3,900,000,000 | -24.2236 | — | — | — |
| 2023 | 16,100,000,000 | 100,000,000 | 0.625 | — | — | — |
| 2022 | 16,000,000,000 | -3,700,000,000 | -18.7817 | — | — | — |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Enrico Bruni | Managing Director | 2024 | 372,930 | 2,244,758 | 3,629,590 | 0 | 45,595 | 6,292,873 |
| Justin Peterson | Chief Technology Officer | 2024 | 400,000 | 1,427,500 | 2,743,557 | 0 | 40,953 | 4,612,010 |
| Billy Hult | Chief Executive Officer | 2024 | 750,000 | 0 | 12,575,284 | 3,375,000 | 37,647 | 16,737,931 |
| Sara Furber | Chief Financial Officer | 2024 | 600,000 | 2,133,000 | 4,001,197 | 0 | 18,100 | 6,752,297 |
| Amy Clack | Chief Administrative Officer | 2024 | 156,061 | 2,552,718 | 1,840,524 | 0 | 7,797 | 4,557,100 |
| Fiscal Year | Employee Count |
|---|---|
| 2024 | 1,412 |
| 2023 | 1,179 |
| 2022 | 1,091 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 1,725,949,000 | 1,338,219,000 | 1,188,781,000 |
| Cost Of Revenue | — | — | — |
| Gross Profit | — | — | — |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | — | — | — |
| Operating Expenses | 1,047,921,000 | 832,950,000 | 776,208,000 |
| Operating Income | 678,028,000 | 505,269,000 | 412,573,000 |
| Net Income | 501,507,000 | 364,866,000 | 309,338,000 |
| Earnings Per Share Basic | 2.35 | 1.73 | 1.5 |
| Earnings Per Share Diluted | 2.33 | 1.71 | 1.48 |
| Weighted Average Shares Outstanding Basic | 213,030,056 | 210,796,802 | 205,576,637 |
| Weighted Average Shares Outstanding Diluted | 214,924,763 | 212,668,808 | 208,400,040 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash And Cash Equivalents | 1,340,302,000 | 1,706,468,000 | 1,257,229,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | — | — | — |
| Inventories | — | — | — |
| Non Trade Receivables | 8,094,000 | 192,000 | 11,632,000 |
| Other Assets Current | — | — | — |
| Total Assets Current | 2,460,745,000 | 3,049,120,000 | 2,202,875,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 45,973,000 | 33,559,000 | 37,413,000 |
| Other Assets Non Current | 323,100,000 | 323,100,000 | 323,100,000 |
| Total Assets Non Current | 4,807,248,000 | 4,010,418,000 | 4,057,256,000 |
| Total Assets | 7,267,993,000 | 7,059,538,000 | 6,260,131,000 |
| Accounts Payable | 95,290,000 | 57,501,000 | 52,508,000 |
| Deferred Revenue | — | — | — |
| Short Term Debt | — | — | — |
| Other Liabilities Current | — | — | — |
| Total Liabilities Current | — | — | — |
| Long Term Debt | — | — | — |
| Other Liabilities Non Current | — | — | — |
| Total Liabilities Non Current | — | — | — |
| Total Liabilities | 869,108,000 | 1,128,132,000 | 713,815,000 |
| Common Stock | 1,000 | 1,000 | 1,000 |
| Retained Earnings | 996,763,000 | 640,384,000 | 386,632,000 |
| Accumulated Other Comprehensive Income | -9,981,000 | -5,389,000 | -10,113,000 |
| Total Shareholders Equity | 5,800,192,000 | 5,373,755,000 | 4,953,791,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Depreciation And Amortization | 219,999,000 | 185,350,000 | 178,879,000 |
| Share Based Compensation Expense | 89,649,000 | 65,128,000 | 66,644,000 |
| Other Non Cash Income Expense | -1,114,000 | -13,122,000 | — |
| Change In Accounts Receivable | 44,221,000 | 21,081,000 | 17,228,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | 12,107,000 | 3,919,000 | 2,120,000 |
| Change In Accounts Payable | 29,758,000 | 2,187,000 | 10,195,000 |
| Change In Other Liabilities | — | — | — |
| Cash From Operating Activities | 897,741,000 | 746,089,000 | 632,822,000 |
| Purchases Of Marketable Securities | 20,195,000 | — | 0 |
| Sales Of Marketable Securities | — | — | — |
| Acquisition Of Property Plant And Equipment | 40,960,000 | 18,529,000 | 23,214,000 |
| Acquisition Of Business | 860,126,000 | 69,712,000 | 0 |
| Other Investing Activities | — | — | — |
| Cash From Investing Activities | -969,190,000 | -132,765,000 | -60,096,000 |
| Tax Withholding For Share Based Compensation | 47,997,000 | 51,341,000 | 101,675,000 |
| Payments Of Dividends | 85,232,000 | 75,909,000 | 66,006,000 |
| Issuance Of Common Stock | — | — | 0 |
| Repurchase Of Common Stock | 59,896,000 | 35,205,000 | 99,323,000 |
| Issuance Of Long Term Debt | — | — | — |
| Repayment Of Long Term Debt | — | — | — |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | -290,261,000 | -168,174,000 | -276,703,000 |
| Change In Cash | -366,166,000 | 449,239,000 | 285,181,000 |
| Cash At End Of Period | 1,340,302,000 | 1,706,468,000 | 1,257,229,000 |
| Income Taxes Paid | 152,012,000 | 28,641,000 | 13,198,000 |
| Interest Paid | 2,574,000 | 65,350,000 | 11,907,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Earnings Per Share | 2.35 | 1.73 | 1.5 |
| Price To Earnings Ratio | 55.7106 | 52.5318 | 43.2867 |
| Earnings Growth Rate | 35.8382 | 15.3333 | 32.7434 |
| Price Earnings To Growth Ratio | 1.5545 | 3.426 | 1.322 |
| Book Value Per Share | 30.0375 | 28.138 | 26.9793 |
| Price To Book Ratio | 4.3586 | 3.2298 | 2.4067 |
| Ebitda | 877,797,000 | 644,207,000 | 513,322,000 |
| Enterprise Value | — | — | — |
| Dividend Yield | 0.0031 | 0.004 | 0.0049 |
| Dividend Payout Ratio | 0.17 | 0.208 | 0.2134 |
| Debt To Equity Ratio | — | — | — |
| Capital Expenditures | 232,413,000 | 181,496,000 | 185,232,000 |
| Free Cash Flow | 665,328,000 | 564,593,000 | 447,590,000 |
| Return On Equity | 0.0865 | 0.0679 | 0.0624 |
| One Year Beta | 0.6516 | 0.5836 | 0.7852 |
| Three Year Beta | 0.7281 | 0.7583 | 0.7531 |
| Five Year Beta | 0.7328 | 0.7185 | 0.7305 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Ganeles Scott | Director | 2025-05-20 | 1,271 | A | 13,685 |
| Yared Rana | Director | 2025-05-20 | 1,271 | A | 2,594 |
| Opoku Lisa | Director | 2025-05-20 | 1,271 | A | 2,824 |
| AIGRAIN JACQUES | Director | 2025-05-20 | 2,062 | A | 9,554 |
| BERNS STEVEN | Director | 2025-05-20 | 1,271 | A | 3,664 |
| Name Of Reporting Person | Type Of Reporting Person | Report Date | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Robert P Corker, Jr. | Senator | 2015-12-11 | Sale (Full) | 2014-05-20 | Self | $1,001 - $15,000 |
| Robert P Corker, Jr. | Senator | 2015-12-11 | Purchase | 2014-01-08 | Self | $1,001 - $15,000 |
| Robert P Corker, Jr. | Senator | 2015-12-11 | Purchase | 2014-03-03 | Self | $1,001 - $15,000 |
| Robert P Corker, Jr. | Senator | 2015-07-14 | Purchase | 2014-01-08 | Self | $1,001 - $15,000 |
| Robert P Corker, Jr. | Senator | 2015-07-14 | Sale (Full) | 2014-05-20 | Self | $1,001 - $15,000 |
| Name Of Reporting Person | Report Date | State | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Byron Donalds | 2025-10-07 | FL19 | Sale | 2025-09-04 | — | $1,001 - $15,000 |
| Byron Donalds | 2025-10-07 | FL19 | Sale | 2025-09-04 | Spouse | $1,001 - $15,000 |
| Byron Donalds | 2025-04-14 | FL19 | Purchase | 2025-03-20 | — | $1,001 - $15,000 |
| Byron Donalds | 2025-04-14 | FL19 | Purchase | 2025-03-20 | Spouse | $1,001 - $15,000 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Carnegie Investment Counsel | 2025-09-30 | 18,478,670 | 166,505 | 110.9797 |
| Capital Advisors, Ltd. LLC | 2025-09-30 | 10,000 | 90 | 111.1111 |
| Blue Trust, Inc. | 2025-09-30 | 65,367 | 589 | 110.9796 |
| CWM, LLC | 2025-09-30 | 232,000 | 2,089 | 111.0579 |
| Pacer Advisors, Inc. | 2025-09-30 | 333 | 3 | 111 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| TRUST FOR PROFESSIONAL MANAGERS | 2025-08-31 | Column Mid Cap Fund | CFMCX | 20,752 | 2,559,966.72 | 0.2568 |
| Pacer Funds Trust | 2025-07-31 | Pacer MSCI World Industry Advantage ETF | GLBL | 3 | 415.65 | 0.0448 |
| ETF Series Solutions | 2025-07-31 | US Vegan Climate ETF | VEGN | 630 | 87,286.5 | 0.0724 |
| PRIMECAP Odyssey Funds | 2025-07-31 | PRIMECAP Odyssey Growth Fund | POGRX | 77,200 | 10,696,060 | 0.2248 |
| Catholic Responsible Investments Funds | 2025-07-31 | Institutional Shares | CRTSX | 981 | 135,917.55 | 0.0176 |