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Tradeweb Markets Inc. (TW) Graph

TW Revenue Flow

Filed revenue amounts for 2026-04-01 to 2026-06-30. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.

  • 2026-06-30: Revenue $558.95M; Income tax $63.50M; Net income $181.32M.
  • 2026-03-31: Revenue $617.76M; Income tax $69.76M; Net income $205.28M.
  • 2025-12-31: Revenue $521.18M*; Income tax $89.59M*; Net income $324.99M*.
  • 2025-09-30: Revenue $508.60M; Income tax $59.07M; Net income $185.64M.

Product or service

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

TW revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.FinancialService Other$5.39MMarket Data Revenue$26.50MSubscriptionFee Revenue$61.72MTransactionFee Revenue$465.34MRevenue$558.95MOperating income$245.26MOther income, net$7.28MPre-tax income$270.19MIncome tax$63.50M

Geography

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

TW revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Non Us$245.07MUS$313.88MRevenue$558.95MOperating income$245.26MOther income, net$7.28MPre-tax income$270.19MIncome tax$63.50M

Contract With Customer Basis Of Pricing

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

TW revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Fixed Price Contract$141.79MVariable Pricing$417.16MRevenue$558.95MOperating income$245.26MOther income, net$7.28MPre-tax income$270.19MIncome tax$63.50M

Segment

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

TW revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Reportable Segment$558.95MRevenue$558.95MOperating income$245.26MOther income, net$7.28MPre-tax income$270.19MIncome tax$63.50M

Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.

Historical revenue and expense breakdown

Revenue and expense 3 month

Period endRevenueIncome taxNet income
2026-06-30$558.95M$63.50M$181.32M
2026-03-31$617.76M$69.76M$205.28M
2025-12-31$521.18M*$89.59M*$324.99M*
2025-09-30$508.60M$59.07M$185.64M
2025-06-30$512.97M$51.54M$153.78M
2025-03-31$509.68M$53.28M$148.38M
2024-09-30$448.92M$43.45M$113.92M
2024-06-30$404.95M$47.05M$119.24M
2024-03-31$408.74M$43.64M$126.14M
2023-09-30$328.36M$28.67M$98.61M
2023-06-30$310.61M$29.05M$89.08M
2023-03-31$329.25M$33.20M$87.86M
2022-09-30$287.12M$24.66M$69.08M
2022-06-30$297.14M$25.55M$68.34M
2022-03-31$311.49M$13.71M$82.97M
2021-09-30$265.32M$19.86M$54.76M
2021-06-30$260.84M$17.23M$55.32M
2021-03-31$273.40M$16.27M$67.86M
2020-12-31$233.08M$16.18M$55.06M
2020-09-30$212.87M$11.12M$36.81M
2020-06-30$212.11M$12.95M$30.50M
2020-03-31$234.61M$15.83M$43.93M
2019-12-31$197.31M$30.89M$41.33M
2019-09-30$200.98M$10.32M$29.61M
2019-06-30$190.49M$6.31M$12.83M
2019-03-31$186.79M$4.78M(m)
2018-12-31$178.64M$3.42M(m)
2018-09-30(m)$7.54M(m)

Revenue and expense 6 month

Period endRevenueIncome taxNet income
2026-06-30$1.18B$133.26M$386.60M
2025-06-30$1.02B$104.82M$302.16M
2024-06-30$813.69M$90.69M$245.38M
2023-06-30$639.86M$62.25M$176.94M
2022-06-30$608.62M$39.26M$151.31M
2021-06-30$534.24M$33.50M$123.17M
2020-06-30$446.71M$28.77M$74.42M
2019-06-30$377.28M$11.10M$12.83M

Revenue and expense 9 month

Period endRevenueIncome taxNet income
2025-09-30$1.53B$163.89M$487.80M
2024-09-30$1.26B$134.13M$359.30M
2023-09-30$968.22M$90.92M$275.55M
2022-09-30$895.74M$63.91M$220.39M
2021-09-30$799.56M$53.37M$177.94M
2020-09-30$659.58M$39.90M$111.24M
2019-09-30$578.26M$21.41M$42.44M
2018-09-30(m)$11.90M$42.44M

Revenue and expense 12 month

Period endRevenueIncome taxNet income
2025-12-31$2.05B$253.47M$812.79M
2024-12-31$1.73B$184.44M$501.51M
2023-12-31$1.34B$128.48M$364.87M
2022-12-31$1.19B$77.52M$309.34M
2021-12-31$1.08B$96.88M$226.83M
2020-12-31$892.66M$56.07M$166.30M
2019-12-31$775.57M$52.30M$83.77M
2017-12-31(m)$6.13M(m)