Tradeweb Markets Inc. (TW) Earnings History
Elite Compounder10 years of earnings data (2016–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Tradeweb Markets Inc. (TW) Earnings Overview
As of September 25, 2026, Tradeweb Markets Inc. (TW) reported trailing twelve-month net income of $897M, reflecting +61.5% year-over-year growth. The company earned $4.22 per diluted share over the past four quarters, with a net profit margin of 39.6%.
Looking at the long-term picture, TW's 5-year EPS compound annual growth rate (CAGR) stands at +33.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $813M in fiscal 2025, representing a new all-time high.
Tradeweb Markets Inc. maintains industry-leading profitability with a gross margin of 67.3%, operating margin of 41.2%, and net margin of 39.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ICE ($4.03B net income, 26.1% margin), CME ($4.27B net income, 62.0% margin), MKTX ($306M net income, 29.0% margin), TW has outperformed on profitability metrics. Compare TW vs ICE →
TW Earnings vs Peers
Earnings metrics vs comparable public companies
TW Historical Earnings Data (2016–2025)
10 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $813M | +62.1% | $845M | $3.78 | 39.6% | 41.2% |
| 2024 | $502M | +37.4% | $678M | $2.34 | 29.1% | 39.4% |
| 2023 | $365M | +18.0% | $505M | $1.71 | 27.3% | 37.8% |
| 2022 | $309M | +36.4% | $413M | $1.48 | 26.1% | 34.8% |
| 2021 | $227M | +36.4% | $359M | $1.09 | 21.1% | 33.3% |
| 2020 | $166M | +98.5% | $263M | $0.88 | 18.6% | 29.5% |
| 2019 | $84M | -47.5% | $190M | $1.11 | 10.8% | 24.5% |
| 2018 | $159M | +90.6% | $172M | $1.29 | 24.3% | 26.2% |
| 2017 | $84M | -10.2% | $89M | $0.37 | 16.6% | 17.7% |
| 2016 | $93M | - | $93M | $0.41 | 19.0% | 19.0% |
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TW — Frequently Asked Questions
Quick answers to the most common questions about buying TW stock.
What is TW earnings per share (EPS)?
TW trailing twelve-month (TTM) diluted EPS is $4.22, reflecting +61.5% year-over-year growth. The 5-year EPS CAGR is +33.8%. Complete EPS history from 2016 to 2025 is available in the table on this page.
What is Tradeweb Markets Inc.'s net income?
Tradeweb Markets Inc. (TW) trailing twelve-month net income is $897M as of 2025. Earnings grew +61.5% year-over-year. Tradeweb Markets Inc. has been profitable for 10 consecutive years.
Is TW profitable?
Yes, TW is profitable with a TTM net income of $897M and a net profit margin of +39.6%. Tradeweb Markets Inc. has generated profits for 10 consecutive years.
What is TW's earnings growth rate?
TW compound annual EPS growth rates (CAGR): 1-Year: +61.5%, 3-Year: +36.7%, 5-Year: +33.8%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2016 to 2025.
What are TW's profit margins?
Tradeweb Markets Inc. net profit margin is +39.6%, operating margin is +41.2%, and gross margin is +67.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +12.0%.
Is TW growing earnings?
Yes, TW earnings are accelerating — EPS growth of +61.5% exceeds the 5-year CAGR of +33.8%. TTM net income reached $897M. Earnings momentum is strengthening.
What was TW's best earnings year?
Tradeweb Markets Inc.'s highest annual net income on record is $813M, achieved in fiscal year 2025. Earnings history on this page spans 2016 to 2025 and includes all annual and quarterly figures.
What were TW's earnings last quarter?
TW's most recent reported quarter was Q2 2026. Net income was $181M with diluted EPS of $0.85. For a full breakdown of all quarters, see the quarterly earnings table on this page.