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Tradeweb Markets Inc Cls A

CAPITAL MARKETS · FINANCIAL SERVICES

Tradeweb Markets Inc. is a leading electronic trading platform that excels in the trading of fixed income securities, derivatives, and exchange-traded funds (ETFs) in key financial markets worldwide, including the Americas, Europe, and Asia Pacific. Leveraging advanced technology, Tradeweb enhances ...

$123.20

+3.91% (+$4.64)

Volume 1.61M

52W High $152.65

52W Low $97.06

Market Cap $29.35B

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What to Watch This Quarter

Based on historical data

Consensus EPS

$0.99

Whisper EPS

$1.01

1.8% above consensus

Last Quarter

--

Current Streak

1 Beat

Avg Surprise (4Q)

+2.05%

Next Earnings Report

Reports in 22 days

Report Date Apr 29, 2026

Time BMO

Whisper Spread +1.78%

Consensus Estimate

$0.99

Official analyst average

Whisper Number

$1.01

What traders expect

Bullish Sentiment: The whisper number is 1.8% above consensus, suggesting traders expect a strong beat. The stock may be priced for upside surprise.

Price Chart

EPS History: Consensus vs Actual

Last 11 quarters

Price Movement Around Earnings

Q4 2025 Feb 5, 2026

1-Day: +2.37%

5-Day: +6.56%

Q4 2025 Jan 29, 2026

1-Day: -0.07%

5-Day: -3.55%

Q3 2025 Oct 30, 2025

1-Day: +1.19%

5-Day: +0.67%

Q2 2025 Jul 30, 2025

1-Day: -5.18%

5-Day: -3.47%

Revenue & Financial Performance

Revenue Whisper

$552.0M

TWN Proprietary Estimate

Last Quarter Revenue

$521.2M

+12.5% YoY

Gross Margin

88.5%

Net Margin: 62.4%

Quarter	Revenue	YoY Growth	Gross Margin	Op Margin	Net Income
Q4'25	$521.2M	+12.5%	88.5%	44.2%	$325.0M
Q3'25	$508.6M	+13.3%	67.6%	41.4%	$185.6M
Q2'25	$513.0M	+26.7%	66.9%	39.0%	$153.8M
Q1'25	$509.7M	+24.7%	65.3%	40.1%	$148.4M
Q4'24	$463.3M	+25.2%	67.2%	40.7%	$142.2M
Q3'24	$448.9M	+36.7%	64.3%	35.5%	$113.9M
Q2'24	$405.0M	+30.4%	66.1%	40.1%	$119.2M
Q1'24	$408.7M	+24.1%	65.0%	41.0%	$126.1M

Historical Earnings

Last 12 quarters

Quarter	Date	Consensus	Whisper	Actual EPS	Surprise %	Result
Q4 2025	Feb 5, 2026	$0.84	$0.84	--	--	--
Q4 2025	Jan 29, 2026	$0.84	$0.84	$0.87	+4.10%	Beat
Q3 2025	Oct 30, 2025	$0.87	$0.89	$0.87	+0.00%	Missed
Q2 2025	Jul 30, 2025	$0.86	$0.87	$0.87	+1.16%	Met
Q1 2025	Apr 30, 2025	$0.86	$0.86	$0.86	+0.00%	Met
Q4 2024	Feb 6, 2025	$0.74	$0.74	$0.76	+2.70%	Beat
Q3 2024	Oct 30, 2024	$0.76	$0.76	$0.75	-1.32%	Missed
Q2 2024	Jul 25, 2024	$0.69	$0.70	$0.70	+1.45%	Met
Q1 2024	Apr 25, 2024	$0.71	$0.72	$0.71	+0.00%	Met
Q4 2023	Feb 6, 2024	$0.64	$0.67	$0.64	+0.00%	Missed
Q3 2023	Oct 26, 2023	$0.55	$0.57	$0.55	+0.00%	Missed
Q2 2023	Jul 27, 2023	$0.50	$0.52	$0.52	+4.00%	Met