(TW) Tradeweb Markets - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US8926721064
Stock: Trading Platforms, Data, Analytics, Processing
Total Rating 50
Risk 87
Buy Signal -0.04
| Risk 5d forecast | |
|---|---|
| Volatility | 24.9% |
| Relative Tail Risk | -5.03% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.28 |
| Alpha | -15.89 |
| Character TTM | |
|---|---|
| Beta | 0.271 |
| Beta Downside | 0.369 |
| Drawdowns 3y | |
|---|---|
| Max DD | 33.05% |
| CAGR/Max DD | 0.65 |
EPS (Earnings per Share)
Revenue
Description: TW Tradeweb Markets March 03, 2026
Tradeweb Markets Inc. (NASDAQ: TW) operates global electronic marketplaces that enable trading across rates, credit, equities, and money-market products. Its platform combines pre-trade analytics (AI-Price, SNAP+, iNAV), a suite of execution methods (RFQ, streaming, list trading, algorithmic tools), and post-trade services such as transaction-cost analysis and benchmark pricing, serving a broad client base that includes asset managers, hedge funds, banks, central banks, and corporate treasuries.
In the most recent fiscal year, Tradeweb generated $2.5 billion in revenue, up roughly 15 % year-over-year, and reported an operating margin near 45 %, reflecting strong pricing power in its high-margin data and analytics segments. Fixed-income trading volume on its platforms reached $4.2 trillion, a 12 % increase driven by heightened interest-rate volatility and the ongoing migration of institutional trading to electronic venues. The company’s AI-enhanced pricing tools have seen adoption rise by 30 % YoY, underscoring the sector’s shift toward data-rich, low-latency solutions.
For a deeper, data-driven valuation, you might explore the analysis on ValueRay.
Headlines to watch out for
- Electronic trading volume growth drives transaction fee revenue
- Interest rate volatility impacts fixed income trading activity
- Regulatory changes influence market structure and platform adoption
- Competition from other electronic trading venues pressures market share
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 812.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 2.42 > 1.0 |
| NWC/Revenue: 91.01% < 20% (prev 73.49%; Δ 17.52% < -1%) |
| CFO/TA 0.14 > 3% & CFO 1.17b > Net Income 812.8m |
| Net Debt (-1.81b) to EBITDA (1.43b): -1.27 < 3 |
| Current Ratio: 4.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (214.7m) vs 12m ago -0.09% < -2% |
| Gross Margin: 72.15% > 18% (prev 0.66%; Δ 7.15k % > 0.5%) |
| Asset Turnover: 26.56% > 50% (prev 23.75%; Δ 2.81% > 0%) |
| Interest Coverage Ratio: 606.3 > 6 (EBITDA TTM 1.43b / Interest Expense TTM 1.94m) |
Altman Z'' 4.85
| A: 0.23 (Total Current Assets 2.34b - Total Current Liabilities 474.6m) / Total Assets 8.19b |
| B: 0.20 (Retained Earnings 1.60b / Total Assets 8.19b) |
| C: 0.15 (EBIT TTM 1.18b / Avg Total Assets 7.73b) |
| D: 1.61 (Book Value of Equity 1.61b / Total Liabilities 1.00b) |
| Altman-Z'' Score: 4.85 = AA |
Beneish M -3.28
| DSRI: 0.75 (Receivables 257.8m/290.1m, Revenue 2.05b/1.73b) |
| GMI: 0.91 (GM 72.15% / 65.66%) |
| AQI: 0.91 (AQ_t 0.69 / AQ_t-1 0.76) |
| SGI: 1.19 (Revenue 2.05b / 1.73b) |
| TATA: -0.04 (NI 812.8m - CFO 1.17b) / TA 8.19b) |
| Beneish M-Score: -3.28 (Cap -4..+1) = AA |
What is the price of TW shares?
As of March 12, 2026, the stock is trading at USD 123.36 with a total of 1,740,513 shares traded.
Over the past week, the price has changed by -0.98%, over one month by +7.37%, over three months by +14.34% and over the past year by -8.45%.
Over the past week, the price has changed by -0.98%, over one month by +7.37%, over three months by +14.34% and over the past year by -8.45%.
Is TW a buy, sell or hold?
Tradeweb Markets has received a consensus analysts rating of 4.00.
Therefore, it is recommended to buy TW.
- StrongBuy: 6
- Buy: 5
- Hold: 4
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the TW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 131.8 | 6.8% |
| Analysts Target Price | 131.8 | 6.8% |
TW Fundamental Data Overview March 11, 2026
P/E Trailing = 33.4841
P/E Forward = 35.0877
P/S = 13.486
P/B = 4.1347
P/EG = 2.8114
Revenue TTM = 2.05b USD
EBIT TTM = 1.18b USD
EBITDA TTM = 1.43b USD
Long Term Debt = 139.2m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 139.2m USD (from shortTermDebt, last fiscal year)
Debt = 278.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.81b USD (from netDebt column, last quarter)
Enterprise Value = 25.85b USD (27.65b + Debt 278.3m - CCE 2.09b)
Interest Coverage Ratio = 606.3 (Ebit TTM 1.18b / Interest Expense TTM 1.94m)
EV/FCF = 23.29x (Enterprise Value 25.85b / FCF TTM 1.11b)
FCF Yield = 4.29% (FCF TTM 1.11b / Enterprise Value 25.85b)
FCF Margin = 54.07% (FCF TTM 1.11b / Revenue TTM 2.05b)
Net Margin = 39.60% (Net Income TTM 812.8m / Revenue TTM 2.05b)
Gross Margin = 72.15% ((Revenue TTM 2.05b - Cost of Revenue TTM 571.7m) / Revenue TTM)
Gross Margin QoQ = 88.47% (prev 67.56%)
Tobins Q-Ratio = 3.16 (Enterprise Value 25.85b / Total Assets 8.19b)
Interest Expense / Debt = 0.14% (Interest Expense 403k / Debt 278.3m)
Taxrate = 19.62% (89.6m / 456.7m)
NOPAT = 946.1m (EBIT 1.18b * (1 - 19.62%))
Current Ratio = 4.94 (Total Current Assets 2.34b / Total Current Liabilities 474.6m)
Debt / Equity = 0.04 (Debt 278.3m / totalStockholderEquity, last quarter 6.51b)
Debt / EBITDA = -1.27 (Net Debt -1.81b / EBITDA 1.43b)
Debt / FCF = -1.63 (Net Debt -1.81b / FCF TTM 1.11b)
Total Stockholder Equity = 6.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.52% (Net Income 812.8m / Total Assets 8.19b)
RoE = 13.10% (Net Income TTM 812.8m / Total Stockholder Equity 6.21b)
RoCE = 18.55% (EBIT 1.18b / Capital Employed (Equity 6.21b + L.T.Debt 139.2m))
RoIC = 15.24% (NOPAT 946.1m / Invested Capital 6.21b)
WACC = 6.83% (E(27.65b)/V(27.93b) * Re(6.90%) + D(278.3m)/V(27.93b) * Rd(0.14%) * (1-Tc(0.20)))
Discount Rate = 6.90% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.21%
[DCF] Terminal Value 84.81% ; FCFF base≈989.4m ; Y1≈1.18b ; Y5≈1.88b
[DCF] Fair Price = 375.2 (EV 41.59b - Net Debt -1.81b = Equity 43.39b / Shares 115.7m; r=6.83% [WACC]; 5y FCF grow 20.90% → 2.90% )
EPS Correlation: 97.37 | EPS CAGR: 17.19% | SUE: 3.74 | # QB: 1
Revenue Correlation: 96.23 | Revenue CAGR: 14.71% | SUE: -0.86 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.97 | Chg7d=+0.008 | Chg30d=+0.036 | Revisions Net=+4 | Analysts=11
EPS current Year (2026-12-31): EPS=4.00 | Chg7d=+0.028 | Chg30d=+0.176 | Revisions Net=+10 | Growth EPS=+15.4% | Growth Revenue=+13.0%
EPS next Year (2027-12-31): EPS=4.49 | Chg7d=+0.028 | Chg30d=+0.215 | Revisions Net=+6 | Growth EPS=+12.3% | Growth Revenue=+10.8%
[Analyst] Revisions Ratio: +1.00 (4 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.0% (Discount Rate 7.9% - Earnings Yield 3.0%)
[Growth] Growth Spread = +5.4% (Analyst 10.3% - Implied 5.0%)
P/E Forward = 35.0877
P/S = 13.486
P/B = 4.1347
P/EG = 2.8114
Revenue TTM = 2.05b USD
EBIT TTM = 1.18b USD
EBITDA TTM = 1.43b USD
Long Term Debt = 139.2m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 139.2m USD (from shortTermDebt, last fiscal year)
Debt = 278.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.81b USD (from netDebt column, last quarter)
Enterprise Value = 25.85b USD (27.65b + Debt 278.3m - CCE 2.09b)
Interest Coverage Ratio = 606.3 (Ebit TTM 1.18b / Interest Expense TTM 1.94m)
EV/FCF = 23.29x (Enterprise Value 25.85b / FCF TTM 1.11b)
FCF Yield = 4.29% (FCF TTM 1.11b / Enterprise Value 25.85b)
FCF Margin = 54.07% (FCF TTM 1.11b / Revenue TTM 2.05b)
Net Margin = 39.60% (Net Income TTM 812.8m / Revenue TTM 2.05b)
Gross Margin = 72.15% ((Revenue TTM 2.05b - Cost of Revenue TTM 571.7m) / Revenue TTM)
Gross Margin QoQ = 88.47% (prev 67.56%)
Tobins Q-Ratio = 3.16 (Enterprise Value 25.85b / Total Assets 8.19b)
Interest Expense / Debt = 0.14% (Interest Expense 403k / Debt 278.3m)
Taxrate = 19.62% (89.6m / 456.7m)
NOPAT = 946.1m (EBIT 1.18b * (1 - 19.62%))
Current Ratio = 4.94 (Total Current Assets 2.34b / Total Current Liabilities 474.6m)
Debt / Equity = 0.04 (Debt 278.3m / totalStockholderEquity, last quarter 6.51b)
Debt / EBITDA = -1.27 (Net Debt -1.81b / EBITDA 1.43b)
Debt / FCF = -1.63 (Net Debt -1.81b / FCF TTM 1.11b)
Total Stockholder Equity = 6.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.52% (Net Income 812.8m / Total Assets 8.19b)
RoE = 13.10% (Net Income TTM 812.8m / Total Stockholder Equity 6.21b)
RoCE = 18.55% (EBIT 1.18b / Capital Employed (Equity 6.21b + L.T.Debt 139.2m))
RoIC = 15.24% (NOPAT 946.1m / Invested Capital 6.21b)
WACC = 6.83% (E(27.65b)/V(27.93b) * Re(6.90%) + D(278.3m)/V(27.93b) * Rd(0.14%) * (1-Tc(0.20)))
Discount Rate = 6.90% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.21%
[DCF] Terminal Value 84.81% ; FCFF base≈989.4m ; Y1≈1.18b ; Y5≈1.88b
[DCF] Fair Price = 375.2 (EV 41.59b - Net Debt -1.81b = Equity 43.39b / Shares 115.7m; r=6.83% [WACC]; 5y FCF grow 20.90% → 2.90% )
EPS Correlation: 97.37 | EPS CAGR: 17.19% | SUE: 3.74 | # QB: 1
Revenue Correlation: 96.23 | Revenue CAGR: 14.71% | SUE: -0.86 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.97 | Chg7d=+0.008 | Chg30d=+0.036 | Revisions Net=+4 | Analysts=11
EPS current Year (2026-12-31): EPS=4.00 | Chg7d=+0.028 | Chg30d=+0.176 | Revisions Net=+10 | Growth EPS=+15.4% | Growth Revenue=+13.0%
EPS next Year (2027-12-31): EPS=4.49 | Chg7d=+0.028 | Chg30d=+0.215 | Revisions Net=+6 | Growth EPS=+12.3% | Growth Revenue=+10.8%
[Analyst] Revisions Ratio: +1.00 (4 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.0% (Discount Rate 7.9% - Earnings Yield 3.0%)
[Growth] Growth Spread = +5.4% (Analyst 10.3% - Implied 5.0%)