Tradeweb Markets Inc. (TW) Stock Price & Analysis
Tradeweb Markets Inc. (TW) closed at USD 112 on Thursday, October 15, 2026, up 1.19% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 110.68; the Oct 15, 2026 session ranged USD 111.15–112.54 on volume of 1,063,949 shares. Market capitalization is $24.20B, with a 52-week range of USD 91.42–127.69 (NMS). Source: Nexqual, retrieved October 16, 2026 at 05:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TW.md
Key facts (TW)
- Last four reported quarters (through Jun 30, 2026): revenue $2.21B, net income $897M (40.7% margin), free cash flow $1.14B (SEC filings).
- Valuation: P/E 27.0x (avg 45.8x at the last 3 fiscal year-ends).
- 3 of 80 tracked superinvestors hold TW (13F, Q2 2026): 1 new, 0 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 2.19 on a 1–5 scale) (16 analysts), mean target USD 126.07 (range 102–182).
- Total return with dividends: 1Y +5.7% vs S&P 500 +18.1%; 5Y +37.0% vs S&P 500 +85.1%.
- Next earnings: 2026-10-29, EPS estimate USD 1.01, revenue estimate $583M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TW)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.19B | $1.34B | $1.73B | $2.05B | $2.21B |
| Operating income | $359M | $413M | $505M | $678M | $835M | $964M |
| Net income | $227M | $309M | $365M | $502M | $813M | $897M |
| EPS (diluted) | $1.09 | $1.48 | $1.71 | $2.33 | $3.78 | — |
| Free cash flow | $561M | $610M | $728M | $857M | $1.13B | $1.14B |
| Operating margin | 33.3% | 34.7% | 37.8% | 39.3% | 40.7% | 43.7% |
| Net margin | 21.1% | 26.0% | 27.3% | 29.1% | 39.6% | 40.7% |
| Revenue growth | +20.6% | +10.4% | +12.6% | +29.0% | +18.9% | — |
| Cash + short-term investments | $972M | $1.26B | $1.71B | $1.34B | $2.08B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TW)
P/E 27.0x · P/S 11.0x · P/FCF 21.1x · P/B 3.6x · FCF yield 4.73% · Earnings yield 3.71% · Buyback yield (TTM) 1.42%
P/E at fiscal year-ends: Dec 2025 28.4x, Dec 2024 56.1x, Dec 2023 53.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (TW)
3 of 80 tracked investors hold TW. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| William Von Mueffling | Cantillon Capital Management | 1.63% | $10.9M | Reduced -95.4% |
| Torray Funds | 1.02% | $7.6M | Reduced -0.1% | |
| Viking Global | Viking Global Investors | 0.09% | $31.3M | New position |
Analysts (TW)
Consensus Buy (mean 2.19 on a 1–5 scale), 16 analysts; mean target USD 126.07 (low 102, high 182).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Wells Fargo | Target raised | Overweight | $118 → $125 |
| 2026-10-12 | TD Cowen | Target raised | Hold | $98 → $107 |
| 2026-10-09 | Morgan Stanley | Target raised | Equal-Weight | $123 → $125 |
| 2026-10-07 | Barclays | Target raised | Equal-Weight | $113 → $116 |
| 2026-10-02 | Wells Fargo | Initiated | Overweight | $118 |
| 2026-09-09 | UBS | Target lowered | Buy | $150 → $145 |
| 2026-08-03 | JP Morgan | Target lowered | Overweight | $125 → $117 |
| 2026-07-31 | TD Cowen | Target lowered | Hold | $105 → $98 |
| 2026-07-31 | Piper Sandler | Target lowered | Neutral | $112 → $102 |
| 2026-07-31 | Barclays | Target lowered | Equal-Weight | $114 → $113 |
| 2026-07-16 | JP Morgan | Target lowered | Overweight | $143 → $125 |
| 2026-07-10 | Morgan Stanley | Target lowered | Equal-Weight | $138 → $122 |
Total return (dividends reinvested) (TW)
| 1Y (from 2025-10-16) | 5Y (from 2021-10-11) | |
|---|---|---|
| Total return | +5.7% | +37.0% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +5.7% | +6.5% |
| Volatility (annualized) | 30.6% | 27.1% |
| Max drawdown | -27.6% (Mar 2026→Jun 2026) | -46.5% (Dec 2021→Oct 2022) |
Key Statistics (as of October 16, 2026 at 05:21 UTC)
| Price | USD 112 |
|---|---|
| Change | ▲ 1.19% (up) |
| Previous Close | USD 110.68 |
| Open | USD 111.25 |
| Day Range | USD 111.15 – 112.54 |
| 52-Week Range | USD 91.42 – 127.69 |
| Volume | 1,063,949 shares |
| Market Cap | $24.20B |
| Exchange | NMS |
Technical Analysis (TW)
Nexqual's technical model rates TW "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 16, 2026 at 05:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 64.32 (neutral) |
| vs SMA50 | Above (USD 105.03) |
| MACD | 2.11 (positive) |
Analyst Ratings (TW)
Wall Street analysts rate TW "Buy" based on 16 analysts, with a mean price target of USD 126.07 (range USD 102–182), per Nexqual as of October 16, 2026 at 05:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 126.07 |
| High Target | USD 182 |
| Low Target | USD 102 |
| Buy / Hold / Sell | 9 / 7 / 0 |
Earnings (TW)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 1.01 |
| Revenue Estimate | $582.58M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.97 vs est 0.95 ▲ beat |
| 2026-03-31 | USD 1.08 vs est 1.06 ▲ beat |
| 2025-12-31 | USD 0.87 vs est 0.84 ▲ beat |
| 2025-09-30 | USD 0.87 vs est 0.83 ▲ beat |
Source: Nexqual, October 16, 2026 at 05:21 UTC.
Financials & Fundamentals (TW)
| Total Revenue | $2.20B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.00% |
| Gross Margin | +93.15% |
| Operating Margin | +43.83% |
| Profit Margin | +40.70% |
| ROE | +14.47% |
| Debt / Equity | 0.02 |
| Current Ratio | 6.79 |
| Total Cash | $2.06B |
| Total Debt | $150.34M |
| Free Cash Flow (fiscal year ended Dec 2025, SEC 10-K) | $1.13B (54.9% of revenue) |
Source: Nexqual, October 16, 2026 at 05:21 UTC.
Financial Health Score (TW)
Nexqual rates Tradeweb Markets Inc.'s overall financial health "Strong" across five dimensions, as of October 16, 2026 at 05:21 UTC.
| Growth | Strong — Revenue +19% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 93%, operating 44% |
| Balance Sheet | Strong — $2.06B cash vs $150M debt, net cash position |
| Cash Flow | Strong — FCF $1.13B (FY ended Dec 2025, 10-K), 55% margin |
| Efficiency | Mixed — ROE 14%, ROA 12.5% |
Ownership (TW)
| Insider Ownership | +0.28% |
|---|---|
| Institutional Ownership | +106.85% |
| Shares Outstanding | 114.04M |
| Float | 113.75M |
| Short % of Float | +3.00% |
Source: Nexqual, October 16, 2026 at 05:21 UTC.
Leadership (TW)
Tradeweb Markets Inc. is led by William E. Hult (age 55), CEO & Director, per Nexqual as of October 16, 2026 at 05:21 UTC.
| CEO & Director | William E. Hult (age 55) |
|---|---|
| Chief Financial Officer | Sara Hassan Furber (age 49) |
| Chief Technology Officer | Justin Peterson (age 62) |
| Managing Director & Co-Head of Global Markets | Enrico Bruni (age 54) |
| Managing Director & Co-Head of Global Markets | Troy Dixon (age 53) |
Major Backers & Investors (TW)
Notable institutional backers of Tradeweb Markets Inc. include Price (T.Rowe) Associates Inc, T. Rowe Price, Wellington Management, according to Nexqual as of October 16, 2026 at 05:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 14.36% |
| T. Rowe Price | 6.73% |
| Wellington Management | 5.44% |
| Carmignac Gestion | 3.4% |
| AQR Capital Management, LLC | 2.44% |
| Growth Fund of America | 2.37% |
| Grantham, Mayo, Van Otterloo & Co. LLC | 2.34% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 19.94% |
| BlackRock | 6.04% |
| State Street | 2.46% |
Source: Nexqual, October 16, 2026 at 05:21 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| LPLA | LPL Financial Holdings Inc. | USD 327.56 | ▲ 0.59% |
| CRCL | Circle Internet Group, Inc. | USD 86.97 | ▲ 3.2% |
| NMR | Nomura Holdings Inc | USD 9.28 | ▼ 3.13% |
| FUTU | Futu Holdings Limited | USD 109.8 | ▼ 3.73% |
| XP | XP Inc. | USD 30.04 | ▼ 4.27% |
| BMNR | BitMine Immersion Technologies, | USD 23.36 | ▼ 0.55% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 16, 2026 at 05:21 UTC. This page is informational and not investment advice.
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