Tradeweb Markets Q4 Earnings Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Should l Buy TW?
Source: seekingalpha
- Strong Earnings Performance: Tradeweb Markets reported a Q4 non-GAAP EPS of $0.87, beating expectations by $0.03, indicating sustained profitability and competitive strength in the market.
- Significant Revenue Growth: The company achieved quarterly revenues of $521.1 million, a 12.5% year-over-year increase, and a 9.9% rise on a constant currency basis, reflecting Tradeweb's expansion and robust client demand globally.
- Robust International Performance: International revenues reached $220.2 million, up 16.8% year-over-year and 10.7% on a constant currency basis, showcasing Tradeweb's successful international market penetration and solidifying its global business footprint.
- Record Trading Volume: The average daily volume for the quarter hit $2.8 trillion, a 23.3% increase year-over-year, with record quarterly volumes in European government bonds and global repurchase agreements, highlighting the company's strong liquidity and market share performance.
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Analyst Views on TW
Wall Street analysts forecast TW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TW is 137.00 USD with a low forecast of 110.00 USD and a high forecast of 189.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 112.130
Low
110.00
Averages
137.00
High
189.00
Current: 112.130
Low
110.00
Averages
137.00
High
189.00
About TW
Tradeweb Markets Inc. is a global operator of electronic marketplaces for rates, credit, equities and money markets. The Company provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients. It supports its clients by providing solutions across the trade lifecycle, including pre-trade, execution, post-trade and data and analytics. Its technology supports multiple asset classes, trading protocols and geographies. The Company provides deep liquidity pools to the institutional, wholesale and retail client sectors through its Tradeweb Institutional, Dealerweb, Tradeweb Direct and ICD Portal platforms. It provides fully electronic, hybrid and voice trading for the wholesale community on its Dealerweb platform. Its network comprises clients across the institutional, wholesale, retail and corporate client sectors, including global asset managers, hedge funds, central banks, banks and dealers, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tradeweb Markets Reports Record Q4 2025 Earnings and Revenue Growth
- Record Revenue Achievement: Tradeweb surpassed $2 billion in annual revenue for the first time in 2025, with CEO Hult highlighting this as the best quarter and year in the company's history, marking the seventh consecutive year of double-digit revenue growth and demonstrating strong momentum in electronic trading.
- Innovative Trading Platforms: The company completed its first fully electronic bilateral swaptions and U.S. multi-asset package trades, launched electronic platforms for Saudi Royal bonds and Mexican repos, which solidified its market share in electronic institutional U.S. treasuries and advanced its digital asset infrastructure significantly.
- International Market Expansion: Tradeweb reported over 35% revenue growth from Asian clients and over 25% from European clients, showcasing its robust expansion capabilities in global markets, particularly in Asia, reflecting the success of its international strategy.
- Enhanced Shareholder Returns: The Board declared a quarterly dividend of $0.14 per share, up 17% year-over-year, and repurchased approximately 990,000 shares for $106 million in Q4, further enhancing shareholder returns and demonstrating the company's confidence in future growth.
See More
Software Stocks Plunge for Eighth Session Amid AI Demand Concerns
- Software Sector Decline: Software stocks fell for the eighth consecutive session on Thursday, marking the longest losing streak since May 2021, as investor concerns about AI undermining demand in the SaaS economy intensified.
- ETF Performance: The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) dropped 1.9%, extending its decline to approximately 30% from late October highs, indicating a waning confidence in tech stocks.
- Individual Stock Movements: Palantir Technologies Inc. (NASDAQ:PLTR) fell 4.4% after an 11% drop on Wednesday, suggesting a diminishing market expectation for its growth prospects in the AI-driven landscape.
- Broader Economic Impact: Bitcoin slid 9% to $66,000, negatively impacting software stocks tied to crypto markets, while commodities also faced broad declines, with silver plunging 13% to $76 an ounce and gold slipping 2% to $4,865 per ounce.
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Tradeweb Markets Declares 16.7% Increase in Quarterly Dividend
- Dividend Increase: Tradeweb Markets has declared a quarterly dividend of $0.14 per share, marking a 16.7% increase from the previous $0.12, indicating ongoing improvements in profitability and cash flow, which enhances investor confidence.
- Earnings Beat: The company reported a non-GAAP EPS of $0.87, exceeding expectations by $0.03, showcasing its strong performance in a competitive market, which may attract more investor interest.
- Revenue Exceeds Expectations: Tradeweb's quarterly revenue reached $521.1 million, surpassing market expectations by $4.96 million, reflecting robust growth in the financial services sector and further solidifying its market position.
- Dividend Payment Details: The dividend will be payable on March 16, with a record date of March 2 and an ex-dividend date also on March 2, ensuring shareholders receive timely returns, thereby enhancing the company's appeal to investors.
See More
Tradeweb Reports Over 100% Increase in Q4 Net Income
- Significant Net Income Growth: Tradeweb reported a net income of $324.99 million for Q4, translating to $1.51 per share, which is over 100% higher than last year's $142.21 million and $0.66 per share, primarily driven by $207.08 million in other income, indicating a substantial improvement in profitability.
- Operating Income Increase: Operating income rose to $221.01 million from $188.54 million a year ago, reflecting strong performance in electronic marketplaces and further solidifying the company's position in the fintech sector.
- Shareholder Return Program: The company's board has authorized a share buyback program of up to $500 million, aimed at enhancing shareholder value and boosting market confidence, which is expected to have a positive impact on the stock price.
- Increased Quarterly Dividend: Tradeweb declared a quarterly dividend of $0.14 per share, a 16.7% increase from the previous year, demonstrating the company's commitment to returning value to shareholders while maintaining growth in profitability, thereby enhancing investor confidence.
See More
Tradeweb Markets Q4 Earnings Exceed Expectations
- Strong Earnings Performance: Tradeweb Markets reported a Q4 non-GAAP EPS of $0.87, beating expectations by $0.03, indicating sustained profitability and competitive strength in the market.
- Significant Revenue Growth: The company achieved quarterly revenues of $521.1 million, a 12.5% year-over-year increase, and a 9.9% rise on a constant currency basis, reflecting Tradeweb's expansion and robust client demand globally.
- Robust International Performance: International revenues reached $220.2 million, up 16.8% year-over-year and 10.7% on a constant currency basis, showcasing Tradeweb's successful international market penetration and solidifying its global business footprint.
- Record Trading Volume: The average daily volume for the quarter hit $2.8 trillion, a 23.3% increase year-over-year, with record quarterly volumes in European government bonds and global repurchase agreements, highlighting the company's strong liquidity and market share performance.
See More
Tradeweb Markets Reports Record Trading Volume in January 2026
- Record Trading Volume: Tradeweb achieved a total trading volume of $65.5 trillion in January 2026, marking a historic high that underscores the robust recovery in market demand and solidifies its leadership in the electronic trading space.
- Average Daily Volume Surge: The average daily volume for January reached $3.1 trillion, reflecting a 26.2% year-over-year increase, indicating strong client trust and reliance on electronic trading platforms, which suggests sustained growth potential ahead.
- Expanding Client Base: Serving over 3,000 clients across more than 85 countries, Tradeweb's extensive client base provides a solid foundation for its volume increase while enhancing its competitive edge in the market.
- Technological Edge Enhancement: By leveraging advanced technologies to improve price discovery and order execution efficiency, Tradeweb streamlines trading processes and reduces client trading risks, further driving the company's expansion in global markets.
See More
Tradeweb Markets Reports Record Q4 2025 Earnings and Revenue Growth
- Record Revenue Achievement: Tradeweb surpassed $2 billion in annual revenue for the first time in 2025, with CEO Hult highlighting this as the best quarter and year in the company's history, marking the seventh consecutive year of double-digit revenue growth and demonstrating strong momentum in electronic trading.
- Innovative Trading Platforms: The company completed its first fully electronic bilateral swaptions and U.S. multi-asset package trades, launched electronic platforms for Saudi Royal bonds and Mexican repos, which solidified its market share in electronic institutional U.S. treasuries and advanced its digital asset infrastructure significantly.
- International Market Expansion: Tradeweb reported over 35% revenue growth from Asian clients and over 25% from European clients, showcasing its robust expansion capabilities in global markets, particularly in Asia, reflecting the success of its international strategy.
- Enhanced Shareholder Returns: The Board declared a quarterly dividend of $0.14 per share, up 17% year-over-year, and repurchased approximately 990,000 shares for $106 million in Q4, further enhancing shareholder returns and demonstrating the company's confidence in future growth.
See More
Software Stocks Plunge for Eighth Session Amid AI Demand Concerns
- Software Sector Decline: Software stocks fell for the eighth consecutive session on Thursday, marking the longest losing streak since May 2021, as investor concerns about AI undermining demand in the SaaS economy intensified.
- ETF Performance: The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) dropped 1.9%, extending its decline to approximately 30% from late October highs, indicating a waning confidence in tech stocks.
- Individual Stock Movements: Palantir Technologies Inc. (NASDAQ:PLTR) fell 4.4% after an 11% drop on Wednesday, suggesting a diminishing market expectation for its growth prospects in the AI-driven landscape.
- Broader Economic Impact: Bitcoin slid 9% to $66,000, negatively impacting software stocks tied to crypto markets, while commodities also faced broad declines, with silver plunging 13% to $76 an ounce and gold slipping 2% to $4,865 per ounce.
See More
Tradeweb Markets Declares 16.7% Increase in Quarterly Dividend
- Dividend Increase: Tradeweb Markets has declared a quarterly dividend of $0.14 per share, marking a 16.7% increase from the previous $0.12, indicating ongoing improvements in profitability and cash flow, which enhances investor confidence.
- Earnings Beat: The company reported a non-GAAP EPS of $0.87, exceeding expectations by $0.03, showcasing its strong performance in a competitive market, which may attract more investor interest.
- Revenue Exceeds Expectations: Tradeweb's quarterly revenue reached $521.1 million, surpassing market expectations by $4.96 million, reflecting robust growth in the financial services sector and further solidifying its market position.
- Dividend Payment Details: The dividend will be payable on March 16, with a record date of March 2 and an ex-dividend date also on March 2, ensuring shareholders receive timely returns, thereby enhancing the company's appeal to investors.
See More
Tradeweb Reports Over 100% Increase in Q4 Net Income
- Significant Net Income Growth: Tradeweb reported a net income of $324.99 million for Q4, translating to $1.51 per share, which is over 100% higher than last year's $142.21 million and $0.66 per share, primarily driven by $207.08 million in other income, indicating a substantial improvement in profitability.
- Operating Income Increase: Operating income rose to $221.01 million from $188.54 million a year ago, reflecting strong performance in electronic marketplaces and further solidifying the company's position in the fintech sector.
- Shareholder Return Program: The company's board has authorized a share buyback program of up to $500 million, aimed at enhancing shareholder value and boosting market confidence, which is expected to have a positive impact on the stock price.
- Increased Quarterly Dividend: Tradeweb declared a quarterly dividend of $0.14 per share, a 16.7% increase from the previous year, demonstrating the company's commitment to returning value to shareholders while maintaining growth in profitability, thereby enhancing investor confidence.
See More
Tradeweb Markets Q4 Earnings Exceed Expectations
- Strong Earnings Performance: Tradeweb Markets reported a Q4 non-GAAP EPS of $0.87, beating expectations by $0.03, indicating sustained profitability and competitive strength in the market.
- Significant Revenue Growth: The company achieved quarterly revenues of $521.1 million, a 12.5% year-over-year increase, and a 9.9% rise on a constant currency basis, reflecting Tradeweb's expansion and robust client demand globally.
- Robust International Performance: International revenues reached $220.2 million, up 16.8% year-over-year and 10.7% on a constant currency basis, showcasing Tradeweb's successful international market penetration and solidifying its global business footprint.
- Record Trading Volume: The average daily volume for the quarter hit $2.8 trillion, a 23.3% increase year-over-year, with record quarterly volumes in European government bonds and global repurchase agreements, highlighting the company's strong liquidity and market share performance.
See More
Tradeweb Markets Reports Record Trading Volume in January 2026
- Record Trading Volume: Tradeweb achieved a total trading volume of $65.5 trillion in January 2026, marking a historic high that underscores the robust recovery in market demand and solidifies its leadership in the electronic trading space.
- Average Daily Volume Surge: The average daily volume for January reached $3.1 trillion, reflecting a 26.2% year-over-year increase, indicating strong client trust and reliance on electronic trading platforms, which suggests sustained growth potential ahead.
- Expanding Client Base: Serving over 3,000 clients across more than 85 countries, Tradeweb's extensive client base provides a solid foundation for its volume increase while enhancing its competitive edge in the market.
- Technological Edge Enhancement: By leveraging advanced technologies to improve price discovery and order execution efficiency, Tradeweb streamlines trading processes and reduces client trading risks, further driving the company's expansion in global markets.
See More
