Tradeweb Markets Inc. (TW) Earnings History
Annual and quarterly earnings data from 2016 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 66.1% | 40.3% | 39.6% |
| 2024 | 65.7% | 39.3% | 29.1% |
| 2023 | 65.6% | 37.8% | 27.3% |
| 2022 | 63.6% | 34.7% | 26.0% |
| 2021 | 62.2% | 33.3% | 21.1% |
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Tradeweb Markets Inc. (TW) Earnings Overview
As of February 28, 2026, Tradeweb Markets Inc. (TW) reported trailing twelve-month net income of $813M, reflecting +0.6% year-over-year growth. The company earned $3.79 per diluted share over the past four quarters, with a net profit margin of 0.4%.
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 positive profitability with a gross margin of 0.7%, operating margin of 0.4%, and net margin of 0.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including MKTX ($220M net income, 0.3% margin), MIAX (-$97M net income, 0.1% margin), TW has outperformed on profitability metrics. Compare TW vs MKTX →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
TWCurrent | $813M | $3.79 | 0.4% | 0.1% | +0.6% | — |
MKTX | $220M | $5.92 | 0.3% | 0.2% | +0.1% | |
MIAX | -$97M | $-1.38 | 0.1% | 0.4% | +6.0% |
Historical Data
10 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $813M | +62.1% | $827M | $3.78 | 39.6% | 40.3% |
| 2024 | $502M | +37.4% | $678M | $2.34 | 29.1% | 39.3% |
| 2023 | $365M | +18.0% | $505M | $1.71 | 27.3% | 37.8% |
| 2022 | $309M | +36.4% | $413M | $1.48 | 26.0% | 34.7% |
| 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 | 18.9% | 18.9% |
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Start ComparisonFrequently Asked Questions
Is TW growing earnings?
TW EPS of $3.79 reflects slowing growth at +0.6%, below the 5-year CAGR of +33.8%. TTM net income is $813M. Expansion rate has moderated.
What are TW's profit margins?
Tradeweb Markets Inc. net margin is +0.4%, with operating margin at +0.4%. Below-average margins reflect competitive or cost pressures.
How consistent are TW's earnings?
TW earnings data spans 2016-2025. The current earnings trend is +0.6% YoY. Historical data enables comparison across business cycles.