Tradeweb Markets Inc. (TW) Earnings History
Annual and quarterly earnings data from 2016 to 2025
Loading earnings history...
TW EPS Growth (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.
TW Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 67.3% | 41.2% | 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% |
Download Data
Export TW earnings history in CSV or JSON format
Free sign-in required to download data
Tradeweb Markets Inc. (TW) Earnings Overview
As of May 8, 2026, Tradeweb Markets Inc. (TW) reported trailing twelve-month net income of $870M, reflecting +61.5% year-over-year growth. The company earned $4.08 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 ($3.30B net income, 26.1% margin), CME ($4.24B net income, 62.0% margin), MKTX ($310M 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% | 39.3% |
| 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% |
Full TW Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See TW's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs TW Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare TW vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonTW — Frequently Asked Questions
Quick answers to the most common questions about buying TW stock.
Is TW growing earnings?
TW EPS is $4.08, with earnings growth accelerating to +61.5%. This exceeds the 5-year CAGR of +33.8%. TTM net income reached $870M.
What are TW's profit margins?
Tradeweb Markets Inc. net margin is +39.6%, with operating margin at +41.2%. Above-average margins indicate pricing power.
How consistent are TW's earnings?
TW earnings data spans 2016-2025. The accelerating earnings trend is +61.5% YoY. Historical data enables comparison across business cycles.