TW · Tradeweb Markets Inc.
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. Tradeweb reported second-highest quarterly revenue in its history at $558.9 million, up 9.0% YoY, with international revenue up 13.9%, and maintained full-year 2026 adjusted expense guidance trending toward the top half of the range while expecting more muted margin expansion as it invests in growth.
- + Record second-highest quarterly revenue of $558.9 million, up 9.0% YoY (8.3% constant currency).
- + International revenue grew 13.9% with all four asset classes contributing.
- + July running at low-teens YoY average daily revenue growth with broad-based strength.
- + Quarterly dividend raised 16.7% YoY with stepped-up $188.9M in share repurchases during the dislocation.
- − Adjusted expenses up 9.4% YoY (9.9% constant currency) with tech and communications costs jumping 38.9%.
- − Margins expansion expected to be more muted as company prioritizes investment over profitability.
- − Average variable fees per million declined across rates and credit, with long-tenor swaps down 10.3% and cash credit down 11.4%.
- − Retail credit channel revenues down 22% YoY and municipal bonds ADV down 12.2% amid better relative yields elsewhere.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Capital Markets — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TW
this stock
Tradeweb Markets Inc.
|
$23.68B | -6.2% | +15.1% | 24.2 | 1.5% |
|
MS
Morgan Stanley
|
$308.32B | +5.9% | +5.5% | 15.9 | 0.9% |
|
GS
Goldman Sachs Group Inc
|
$272.38B | +2.4% | +8.9% | 14.4 | 2.4% |
|
SCHW
Schwab Charles Corp
|
$171.26B | -2.2% | +22.0% | 18.0 | 1.1% |
|
HOOD
Robinhood Markets, Inc.
|
$107.35B | -0.5% | +51.6% | 52.8 | 4.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TW | +0.6% | -5.5% | -17.6% | -6.4% | -6.2% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | +1.3% | -5.6% | -29.8% | -5.8% | -18.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.