(TW) Tradeweb Markets - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US8926721064
Stock: Electronic Marketplaces, Rates, Credit, Money Markets, Equities
Total Rating 31
Risk 86
Buy Signal -0.83
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.38% |
| Yield on Cost 5y | 0.74% |
| Yield CAGR 5y | 10.67% |
| Payout Consistency | 98.8% |
| Payout Ratio | 14.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 32.8% |
| Relative Tail Risk | -5.78% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.29 |
| Alpha | -18.95 |
| Character TTM | |
|---|---|
| Beta | 0.413 |
| Beta Downside | 0.702 |
| Drawdowns 3y | |
|---|---|
| Max DD | 33.05% |
| CAGR/Max DD | 0.47 |
Description: TW Tradeweb Markets December 17, 2025
Tradeweb Markets Inc. (NASDAQ:TW) operates global electronic marketplaces that enable institutional participants to trade across rates, credit, money-markets, and equity products. Its suite includes pre-trade analytics, execution and processing services, and post-trade reporting, delivered via flexible order-routing tools for asset managers, hedge funds, banks, dealers, and advisory firms.
Key performance indicators from the most recent fiscal year show revenue of roughly $1.4 billion, up about 13 % year-over-year, and net income of $250 million, reflecting strong scaling of its fixed-income electronic trading volumes, which now exceed $1.2 trillion daily. The platform’s market-share in U.S. Treasury electronic trading is estimated at ~30 %, and its Dealerweb and Tradeweb Direct solutions support both pure electronic and hybrid voice-plus-electronic workflows.
Demand for Tradeweb’s services is driven by higher interest-rate volatility, which raises the value of real-time pricing and liquidity-aggregation tools, and by a broader industry shift toward digital, transparent trading venues mandated by post-2008 regulatory reforms. For a deeper dive into Tradeweb’s valuation metrics and scenario analysis, you might explore the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 630.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 1.85 > 1.0 |
| NWC/Revenue: 82.69% < 20% (prev 72.90%; Δ 9.79% < -1%) |
| CFO/TA 0.14 > 3% & CFO 1.09b > Net Income 630.0m |
| Net Debt (-1.77b) to EBITDA (1.18b): -1.50 < 3 |
| Current Ratio: 4.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (215.0m) vs 12m ago -0.05% < -2% |
| Gross Margin: 66.72% > 18% (prev 0.65%; Δ 6607 % > 0.5%) |
| Asset Turnover: 26.02% > 50% (prev 22.25%; Δ 3.76% > 0%) |
| Interest Coverage Ratio: 440.8 > 6 (EBITDA TTM 1.18b / Interest Expense TTM 2.11m) |
Altman Z'' 4.14
| A: 0.21 (Total Current Assets 2.18b - Total Current Liabilities 529.9m) / Total Assets 8.00b |
| B: 0.18 (Retained Earnings 1.41b / Total Assets 8.00b) |
| C: 0.12 (EBIT TTM 930.6m / Avg Total Assets 7.67b) |
| D: 1.33 (Book Value of Equity 1.42b / Total Liabilities 1.06b) |
| Altman-Z'' Score: 4.14 = AA |
Beneish M -3.35
| DSRI: 0.54 (Receivables 362.9m/546.5m, Revenue 1.99b/1.63b) |
| GMI: 0.98 (GM 66.72% / 65.31%) |
| AQI: 0.95 (AQ_t 0.71 / AQ_t-1 0.75) |
| SGI: 1.22 (Revenue 1.99b / 1.63b) |
| TATA: -0.06 (NI 630.0m - CFO 1.09b) / TA 8.00b) |
| Beneish M-Score: -3.35 (Cap -4..+1) = AA |
What is the price of TW shares?
As of February 07, 2026, the stock is trading at USD 112.13 with a total of 2,395,563 shares traded.
Over the past week, the price has changed by +8.79%, over one month by +1.27%, over three months by +5.03% and over the past year by -8.80%.
Over the past week, the price has changed by +8.79%, over one month by +1.27%, over three months by +5.03% and over the past year by -8.80%.
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 | 127.1 | 13.3% |
| Analysts Target Price | 127.1 | 13.3% |
| ValueRay Target Price | 121.3 | 8.2% |
TW Fundamental Data Overview February 01, 2026
P/E Trailing = 35.384
P/E Forward = 29.4118
P/S = 11.3684
P/B = 3.5041
P/EG = 2.3559
Revenue TTM = 1.99b USD
EBIT TTM = 930.6m USD
EBITDA TTM = 1.18b USD
Long Term Debt = 135.6m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 135.6m USD (from shortTermDebt, last quarter)
Debt = 135.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.77b USD (from netDebt column, last quarter)
Enterprise Value = 20.88b USD (22.65b + Debt 135.6m - CCE 1.91b)
Interest Coverage Ratio = 440.8 (Ebit TTM 930.6m / Interest Expense TTM 2.11m)
EV/FCF = 20.53x (Enterprise Value 20.88b / FCF TTM 1.02b)
FCF Yield = 4.87% (FCF TTM 1.02b / Enterprise Value 20.88b)
FCF Margin = 51.00% (FCF TTM 1.02b / Revenue TTM 1.99b)
Net Margin = 31.59% (Net Income TTM 630.0m / Revenue TTM 1.99b)
Gross Margin = 66.72% ((Revenue TTM 1.99b - Cost of Revenue TTM 663.8m) / Revenue TTM)
Gross Margin QoQ = 67.56% (prev 66.92%)
Tobins Q-Ratio = 2.61 (Enterprise Value 20.88b / Total Assets 8.00b)
Interest Expense / Debt = 0.38% (Interest Expense 522.0k / Debt 135.6m)
Taxrate = 21.91% (59.1m / 269.6m)
NOPAT = 726.7m (EBIT 930.6m * (1 - 21.91%))
Current Ratio = 4.11 (Total Current Assets 2.18b / Total Current Liabilities 529.9m)
Debt / Equity = 0.02 (Debt 135.6m / totalStockholderEquity, last quarter 6.28b)
Debt / EBITDA = -1.50 (Net Debt -1.77b / EBITDA 1.18b)
Debt / FCF = -1.74 (Net Debt -1.77b / FCF TTM 1.02b)
Total Stockholder Equity = 6.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.22% (Net Income 630.0m / Total Assets 8.00b)
RoE = 10.45% (Net Income TTM 630.0m / Total Stockholder Equity 6.03b)
RoCE = 15.10% (EBIT 930.6m / Capital Employed (Equity 6.03b + L.T.Debt 135.6m))
RoIC = 12.05% (NOPAT 726.7m / Invested Capital 6.03b)
WACC = 7.40% (E(22.65b)/V(22.79b) * Re(7.44%) + D(135.6m)/V(22.79b) * Rd(0.38%) * (1-Tc(0.22)))
Discount Rate = 7.44% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.67%
[DCF Debug] Terminal Value 82.06% ; FCFF base≈929.3m ; Y1≈1.06b ; Y5≈1.48b
Fair Price DCF = 262.8 (EV 28.84b - Net Debt -1.77b = Equity 30.61b / Shares 116.5m; r=7.40% [WACC]; 5y FCF grow 17.00% → 2.90% )
EPS Correlation: 23.96 | EPS CAGR: -44.45% | SUE: -4.0 | # QB: 0
Revenue Correlation: 96.18 | Revenue CAGR: 17.60% | SUE: 0.38 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.94 | Chg30d=-0.003 | Revisions Net=-2 | Analysts=11
EPS next Year (2026-12-31): EPS=3.83 | Chg30d=+0.010 | Revisions Net=+2 | Growth EPS=+11.2% | Growth Revenue=+10.9%
P/E Forward = 29.4118
P/S = 11.3684
P/B = 3.5041
P/EG = 2.3559
Revenue TTM = 1.99b USD
EBIT TTM = 930.6m USD
EBITDA TTM = 1.18b USD
Long Term Debt = 135.6m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 135.6m USD (from shortTermDebt, last quarter)
Debt = 135.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.77b USD (from netDebt column, last quarter)
Enterprise Value = 20.88b USD (22.65b + Debt 135.6m - CCE 1.91b)
Interest Coverage Ratio = 440.8 (Ebit TTM 930.6m / Interest Expense TTM 2.11m)
EV/FCF = 20.53x (Enterprise Value 20.88b / FCF TTM 1.02b)
FCF Yield = 4.87% (FCF TTM 1.02b / Enterprise Value 20.88b)
FCF Margin = 51.00% (FCF TTM 1.02b / Revenue TTM 1.99b)
Net Margin = 31.59% (Net Income TTM 630.0m / Revenue TTM 1.99b)
Gross Margin = 66.72% ((Revenue TTM 1.99b - Cost of Revenue TTM 663.8m) / Revenue TTM)
Gross Margin QoQ = 67.56% (prev 66.92%)
Tobins Q-Ratio = 2.61 (Enterprise Value 20.88b / Total Assets 8.00b)
Interest Expense / Debt = 0.38% (Interest Expense 522.0k / Debt 135.6m)
Taxrate = 21.91% (59.1m / 269.6m)
NOPAT = 726.7m (EBIT 930.6m * (1 - 21.91%))
Current Ratio = 4.11 (Total Current Assets 2.18b / Total Current Liabilities 529.9m)
Debt / Equity = 0.02 (Debt 135.6m / totalStockholderEquity, last quarter 6.28b)
Debt / EBITDA = -1.50 (Net Debt -1.77b / EBITDA 1.18b)
Debt / FCF = -1.74 (Net Debt -1.77b / FCF TTM 1.02b)
Total Stockholder Equity = 6.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.22% (Net Income 630.0m / Total Assets 8.00b)
RoE = 10.45% (Net Income TTM 630.0m / Total Stockholder Equity 6.03b)
RoCE = 15.10% (EBIT 930.6m / Capital Employed (Equity 6.03b + L.T.Debt 135.6m))
RoIC = 12.05% (NOPAT 726.7m / Invested Capital 6.03b)
WACC = 7.40% (E(22.65b)/V(22.79b) * Re(7.44%) + D(135.6m)/V(22.79b) * Rd(0.38%) * (1-Tc(0.22)))
Discount Rate = 7.44% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.67%
[DCF Debug] Terminal Value 82.06% ; FCFF base≈929.3m ; Y1≈1.06b ; Y5≈1.48b
Fair Price DCF = 262.8 (EV 28.84b - Net Debt -1.77b = Equity 30.61b / Shares 116.5m; r=7.40% [WACC]; 5y FCF grow 17.00% → 2.90% )
EPS Correlation: 23.96 | EPS CAGR: -44.45% | SUE: -4.0 | # QB: 0
Revenue Correlation: 96.18 | Revenue CAGR: 17.60% | SUE: 0.38 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.94 | Chg30d=-0.003 | Revisions Net=-2 | Analysts=11
EPS next Year (2026-12-31): EPS=3.83 | Chg30d=+0.010 | Revisions Net=+2 | Growth EPS=+11.2% | Growth Revenue=+10.9%