Tradeweb Markets Inc - Ordinary Shares Cls A

Tradeweb Markets Inc - Ordinary Shares Cls A

TW

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Market Cap$21.36B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Tradeweb Markets Inc - Ordinary Shares Cls ATradeweb Markets Inc - Ordinary Shares Cls A24.50.5%14%10-

Earnings Call Q1 2026

April 29, 2026 - AI Summary

Record Revenue Growth: Tradeweb achieved a record revenue of $618 million for Q1 2026, representing a 21.2% year-over-year increase. This growth was driven by robust client activity, especially in international markets, which contributed significantly with a revenue increase of 29%. The company expects continued strong momentum with projected activity levels remaining healthy despite a return to normalcy after Q1 volatility.
Challenges in U.S. Treasuries and Credit Markets: While the overall performance was strong, U.S. Treasuries market share decreased year-over-year due to weakness in the retail channel and wholesale market share. Additionally, U.S. credit revenues grew only by low single digits, affected by a shift away from municipal bonds, highlighting the ongoing challenges facing these segments.
Increased Investment in Technology: Tradeweb's adjusted expenses rose 20.2% year-over-year as the company invested significantly in technology and infrastructure, particularly for data strategy and automation solutions. The expectation is that these investments will enhance client engagement and streamline operations, particularly through innovations like their AI research assistant, Terra.

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$137.00

Target Price by Analysts

36.4% upsideTradeweb Markets Target Price DetailsTarget Price
$191.18

Current Fair Value

90.4% upside

Undervalued by 90.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$21.36 Billion
Enterprise Value$19.62 Billion
Dividend Yield$0.50 (0.50%)
Earnings per Share$3.81
Beta0.67
Outstanding Shares212,685,136

Return

Return on Equity13.51%ROE
Return on Assets10.78%
Return on Invested Capital12.98%

Valuation & Multiples

P/E Ratio24.52P/E Ratio
PEG63.93PEG
Price to Sales10.04Price to Sales
Price to Book Ratio2.95Price to Book Ratio
Enterprise Value to Revenue9.08
Enterprise Value to EBIT19.85
Enterprise Value to Net Income21
Total Debt to Enterprise0.01
Debt to Equity0.03Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 29, 2026
EPS Estimate
$1.06
Average shareholder expectation
Revenue Estimate
$617.16 M
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$0.98
Average shareholder expectation
Revenue Estimate
$577.14 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6734 17.51%
Total Calls184,300 20.97%
Total Puts124,100 6.80%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %53.58% 0.94%
Total Invested$13.43B 7.41%
Investors Holding588 23.00%

ESG Score

No data

About Tradeweb Markets Inc

Tradeweb Markets Inc. is an international financial services company that builds and operates electronic over-the-counter marketplaces for trading fixed income products, ETFs and derivatives. The company was co-founded in 1996 by Lee O...

Relevant Senate Committees

Joint Committee on Taxation

This committee's technical analysis and official 'revenue estimates' are critical for shaping tax legislation, directly influencing corporate tax structures and capital markets that affect Tradeweb and its clients.

Finance

This powerful committee controls taxation and trade policy, directly impacting corporate valuations, capital flows, and the overall profitability and structure of the financial sector, including Tradeweb.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, a primary regulator for derivatives markets, which are a core product traded on Tradeweb's platforms. Its influence on defining cryptocurrencies as commodities is also highly relevant.

Banking, Housing, and Urban Affairs

This committee directly regulates the financial system, including the SEC and the Fed, and impacts bank capital requirements and securities market regulations, all of which are central to Tradeweb's business and its institutional clients.