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Nasdaq · CIK 0001758730 · SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES

Tradeweb Markets Inc.

TW chart by TradingView
P/E 23.6xP/B 3.2xP/SALES 9.6xEV/EBITDA FCF YIELD 5.40%

PRICE HISTORY

LIVE · NASDAQ
TW chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$2.1B
EBITDA
$1.1B
FREE CASH FLOW
$1.1B
EPS
$3.78
GROSS MARGIN
ROIC
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 30 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

23.6x
-72%
LATEST · Q2 FY26
23.6xQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26
23.6x104.7x

P / SALES (TTM)

9.6x
+6%
LATEST · Q2 FY26
9.6xQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26
8.9x19.4x

P / BOOK

3.2x
+38%
LATEST · Q2 FY26
3.2xQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26
1.9x5.4x

EV / EBITDA (TTM)

LATEST · Q2 FY26
Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

EV / REVENUE (TTM)

LATEST · Q2 FY26
Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

FCF YIELD (TTM)

5.40%
+1.2pp
LATEST · Q2 FY26
5.40%Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26
2.66%5.40%

DIVIDEND YIELD (TTM)

0.52%
+0.0pp
LATEST · Q2 FY26
0.52%Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26
0.28%0.57%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$0.6B
+199%
LATEST · Q2 FY26
0.6BQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

EBITDA (DERIVED)

$0.3B
+284%
LATEST · Q2 FY26
0.3BQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

NET INCOME

$0.2B
+328%
LATEST · Q2 FY26
0.2BQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

EPS (DILUTED)

$0.85
+902%
LATEST · Q2 FY26
0.85Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

REVENUE GROWTH YOY

8.96%
-16.6pp
LATEST · Q2 FY26
8.96%Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26
4.53%36.72%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

69.02%
+81.1pp
LATEST · Q2 FY26
69.02%Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26
-12.10%86.38%

RETURN ON CAPITAL

LATEST · Q2 FY26
Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

RETURN ON EQUITY (TTM)

13.52%
+11.0pp
LATEST · Q2 FY26
13.52%Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26
2.44%13.52%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN43.88%
NET MARGIN32.44%
FCF MARGIN69.02%
96.2366.6937.147.60-21.94OPERNETFCFQ1 FY19Q4 FY19Q3 FY20Q2 FY21Q1 FY22Q4 FY22Q3 FY23Q2 FY24Q1 FY25Q4 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.4B
+$0.4B
LATEST · Q2 FY26
0.4BQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

STOCK-BASED COMP

$0.0B
+538%
LATEST · Q2 FY26
0.0BQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

CAPITAL EXPENDITURE

$0.0B
+450%
LATEST · Q2 FY26
0.0BQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

SHARES OUTSTANDING

0.21B
+41%
LATEST · Q2 FY26
0.21BQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

DIVIDEND / SHARE

$0.14
+75%
LATEST · Q2 FY26
0.14Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$2.1B
+556%
LATEST · Q2 FY26
2.1BQ1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

TOTAL DEBT

LATEST · Q2 FY26
Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

DEBT / EBITDA (TTM)

LATEST · Q2 FY26
Q1 FY19Q3 FY20Q1 FY22Q3 FY23Q1 FY25Q2 FY26

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 107.22%INSIDERS 0.28%OTHER / RETAIL 0.00%835 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Price (T.Rowe) Associates Inc13.10%14.9M$1.53B-5.4%
Wellington Management Group, LLP6.58%7.5M$770.1M-19.7%
Blackrock Inc.5.99%6.8M$700.8M-0.2%
Vanguard Portfolio Management LLC4.92%5.6M$575.7MNEW
Vanguard Capital Management LLC4.55%5.2M$532.7MNEW
T. Rowe Price Investment Management, Inc.2.98%3.4M$348.8M+17.3%
AQR Capital Management, LLC2.54%2.9M$297.2M+56.1%
Linonia Partnership LP2.45%2.8M$286.4MNEW
State Street Corporation2.41%2.7M$281.7M+1.5%
Grantham, Mayo, Van Otterloo & Co. LLC2.32%2.7M$272.0M+5.2%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.