Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, today reported financial results for the quarter ended March 31, 2026.
$617.8 million quarterly revenues, an increase of 21.2% (17.5% on a constant currency basis) compared to prior year period
$274.1 million quarterly international revenues, an increase of 29.4% (20.7% on a constant current basis) compared to prior year period
$3.3 trillion average daily volume (“ADV”) for the quarter, an increase of 31.4% compared to prior year period; quarterly ADV records in U.S. and European government bonds, mortgages, swaps/swaptions ≥ 1-year and < 1-year, futures, fully electronic U.S. high grade and high yield credit, electronically processed U.S. high grade credit, European credit, credit derivatives, U.S. and international ETFs, repurchase agreements and other money markets
$233.2 million net income and $255.1 million adjusted net income for the quarter, increases of 38.5% and 24.0%, respectively, from prior year period
55.0% adjusted EBITDA margin and $339.7 million adjusted EBITDA for the quarter, compared to 54.6% and $278.2 million respectively for prior year period
$0.96 diluted earnings per share (“Diluted EPS”) and $1.08 adjusted diluted earnings per share for the quarter
$0.14 per share quarterly cash dividend declared, a 16.7% per share increase from prior year period
