Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in US and European government debt, mortgage-backed securities, interest-rate swaps, and US and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv's Eikon service.
The chart shows the growth of an initial investment of $10,000 in Tradeweb Markets Inc. Class A Common Stock, comparing it to the performance of the S&P 500 index. All prices have been adjusted for splits and dividends.
Returns By Period
Tradeweb Markets Inc. Class A Common Stock (TW) has returned 14.82% so far this year and -3.45% over the past 12 months. Looking at the last ten years, TW has achieved an annualized return of 13.65%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
TW
1M-1.11%
6M11.96%
YTD14.82%
1Y-3.45%
5Y9.37%
10Y13.65%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Tradeweb Markets Inc. Class A Common Stock (TW) with color gradation from worst to best to easily spot seasonal factors.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
-3.94%
20.23%
-4.20%
5.04%
2025
-3.14%
8.98%
8.86%
-6.88%
4.69%
1.97%
-5.36%
-11.08%
-9.94%
-4.43%
3.43%
-0.62%
2024
5.38%
11.45%
-1.41%
-2.39%
7.65%
-3.24%
5.00%
5.70%
4.79%
2.68%
6.63%
-3.57%
2023
13.35%
-4.90%
11.14%
-10.76%
-4.91%
1.71%
19.84%
5.63%
-7.42%
12.36%
6.64%
-6.02%
2022
-15.17%
-0.78%
4.27%
-19.23%
-5.29%
0.77%
4.33%
-0.83%
-18.22%
-2.36%
9.75%
5.53%
2021
-3.37%
19.21%
1.05%
9.16%
2.40%
0.63%
2.57%
-0.39%
-7.19%
9.68%
7.71%
3.24%
2020
-0.97%
3.37%
-13.82%
27.91%
24.52%
-11.56%
-6.74%
5.33%
1.24%
-6.79%
8.45%
3.77%
2019
17.48%
11.33%
-3.61%
6.91%
-8.86%
-12.51%
11.63%
6.63%
3.55%
Performance Indicators
The charts below present risk-adjusted performance metrics for Tradeweb Markets Inc. Class A Common Stock (TW) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of TW compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Tradeweb Markets Inc. Class A Common Stock volatility is 1.52%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses. Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
2025
2024
2023
2022
2021
2020
2019
Liabilities And Equity (USD)
8.19B
7.27B
7.06B
6.26B
5.99B
5.68B
5.10B
Equity Attributable To Parent (USD)
6.51B
5.80B
5.37B
4.95B
4.65B
4.30B
3.38B
Equity Attributable To Noncontrolling Interest (USD)
Software stocks plunged for an eighth consecutive session on Thursday, marking their longest losing streak since May 2021, as investors worry AI could undermine SaaS demand. Bitcoin fell 9% to $66,000, hitting 16-month lows, while commodities suffered broad declines. Major indices traded modestly lower, with notable losers including Estée Lauder (down 23% on tariff concerns), Palantir (down 4.4%), and Qualcomm (down 7% on weak guidance). Winners included McKesson (up 15.8%), Regal Rexnord (up 13%), and Uber (up 3%).
Tradeweb Markets has become a highly profitable fintech company by serving institutional investors in electronic trading. The company has achieved impressive financial growth with revenue rising at 16% annually since 2016 and accelerating to 21% in 2025, while improving operational efficiency with EBITDA margins expanding from 38.7% to 54.2%. Despite strong fundamentals including $1 billion in free cash flow and a solid balance sheet, the stock has declined nearly 20% over the past year.
The Motley Fool•Dan Caplinger
AI Insight
The company demonstrates exceptional financial performance with 16% average annual revenue growth (2016-2024), accelerating to 21% in 2025. Net income increased nearly sixfold, EBITDA margins expanded significantly to 54.2%, and the company generates substantial free cash flow ($1 billion in past 12 months). Strong balance sheet with $1.9 billion in cash supports shareholder returns through dividends and buybacks. The article highlights Tradeweb's dominant position in institutional electronic trading markets and efficient business model.
Tradeweb Markets (TW) is a little-known fintech company that operates electronic marketplaces for institutional investors, handling $2.5 trillion in daily trades across fixed income, equities, and money markets. With over 3,000 clients including 90% of top 100 global asset managers and 80% of the 25 largest insurance companies, Tradeweb has become essential infrastructure for financial markets worldwide.
The Motley Fool•Dan Caplinger
AI Insight
The article highlights Tradeweb's dominant market position, extensive client base (90% of top 100 asset managers, 80% of largest insurers, 45,000+ financial advisors, 90+ central banks), strong liquidity ($2.5 trillion daily trades), high gross margins (87.32%), and essential role in global financial markets. The company is positioned as a growth opportunity for the Voyager Portfolio.
Analyst sees strong upside for Tradeweb Markets, Nasdaq, and BGC Group due to growing electronic fixed-income trading, pent-up demand for IPOs, and political uncertainty. However, some stocks like MarketAxess and CME Group may face near-term headwinds.
Benzinga•Anusuya Lahiri
AI Insight
Analyst sees strong upside for Tradeweb Markets from growing electronic fixed-income trading amid political uncertainty.
Tradeweb Markets saw its share price rise nearly 5% on Friday after reporting record trading volumes for September and the third quarter, and receiving a bullish analyst note from TD Cowen.
The Motley Fool•Eric Volkman
AI Insight
The article reports that Tradeweb Markets saw a nearly 5% increase in its share price on Friday, following the company's strong trading volume metrics and a bullish analyst note. The company reported record trading volumes for September and the third quarter, indicating strong business performance.
Tradeweb Markets (NASDAQ:TW) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
Bullish
Somewhat Bullish
Indifferent
Somewhat Bearish
Bearish
Total Ratings
2
3
2
0
0
Last 30D
1
0
0
0
0
1M Ago
0
1
1
0
0
2M Ago
1
2
1
0
0
3M Ago
0
0
0
0
0
Insights from analysts' 12-month price targets are revealed, presenting an average target of $118.43, a high estimate of $130.00, and a low estimate of $105.00. Marking an increase of 3.89%, the current average surpasses the previous average price target of $114.00.
Investigating Analyst Ratings: An Elaborate Study
The standing of Tradeweb Markets among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst
Analyst Firm
Action Taken
Rating
Current Price Target
Prior Price Target
Alex Kramm
UBS
Raises
Buy
$130.00
$120.00
Jeremy Campbell
Barclays
Raises
Overweight
$122.00
$118.00
Kyle Voigt
Keefe, Bruyette & Woods
Raises
Market Perform
$111.00
$110.00
Patrick Moley
Piper Sandler
Raises
Neutral
$105.00
$100.00
Michael Cyprys
Morgan Stanley
Raises
Overweight
$125.00
$122.00
Kenneth Worthington
JP Morgan
Raises
Overweight
$116.00
$113.00
Christopher Allen
Citigroup
Raises
Buy
$120.00
$115.00
Key Insights:
Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to ...Full story available on Benzinga.com
In the last three months, 8 analysts have published ratings on Tradeweb Markets (NASDAQ:TW), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
Bullish
Somewhat Bullish
Indifferent
Somewhat Bearish
Bearish
Total Ratings
2
4
2
0
0
Last 30D
0
1
1
0
0
1M Ago
1
2
1
0
0
2M Ago
0
0
0
0
0
3M Ago
1
1
0
0
0
Insights from analysts' 12-month price targets are revealed, presenting an average target of $116.62, a high estimate of $125.00, and a low estimate of $105.00. This current average has increased by 4.48% from the previous average price target of $111.62.
Interpreting Analyst Ratings: A Closer Look
The standing of Tradeweb Markets among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst
Analyst Firm
Action Taken
Rating
Current Price Target
Prior Price Target
Jeremy Campbell
Barclays
Raises
Overweight
$122.00
$118.00
Kyle Voigt
Keefe, Bruyette & Woods
Raises
Market Perform
$111.00
$110.00
Patrick Moley
Piper Sandler
Raises
Neutral
$105.00
$100.00
Michael Cyprys
Morgan Stanley
Raises
Overweight
$125.00
$122.00
Kenneth Worthington
JP Morgan
Raises
Overweight
$116.00
$113.00
Christopher Allen
Citigroup
Raises
Buy
$120.00
$115.00
Michael Cyprys
Morgan Stanley
Raises
Overweight
$122.00
$112.00
Andrew Bond
Rosenblatt
Raises
Buy
$112.00
$103.00
Key Insights:
Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related ...Full story available on Benzinga.com
