Tradeweb Markets Inc. TW
Investment Bankers/Brokers/Service · IPO 2019 · data as of November 13, 2026
Tradeweb Markets Inc. (TW) is a financial company listed in the US with a market value of about $30.8B. In the twelve months to September 30, 2026 it had revenue of $2.3B and net income of $909M, a net margin of 39.8%.
Its overall Stock Analiz score is 3.2 out of 5 (average). The strongest part is financial health (5/5); the weakest is value (1/5).
Key numbers: a P/E of 31.2, a price to free cash flow of 26.7, 5-year revenue growth of 18% a year, a 5-year average ROIC of 8%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 61% below the current price.
Score: 3.2 / 5
Checks passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Strong R&D investment or growth above 20%
- 5-year average ROIC above 12%
- ROE above 15%
- Share count down over 3 years (buybacks)
Valuation
Growth and quality
Financials, last 9 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.1B | $1.7B | $1.3B | $1.2B | $1.1B | $893M | $776M | $684M | $563M |
| Net income | $909M | $813M | $502M | $365M | $309M | $227M | $166M | $84M | $29M | $84M |
| Free cash flow | $1.2B | $1.1B | $857M | $728M | $610M | $561M | $432M | $295M | $262M | $211M |
| EPS (diluted) | $4.26 | $3.78 | $2.33 | $1.71 | $1.48 | $1.09 | $0.88 | $0.54 | $0.41 | $0.39 |
| Net margin | 39.8% | 39.6% | 29.1% | 27.3% | 26.0% | 21.1% | 18.6% | 10.8% | 4.3% | 14.9% |
| ROIC | — | 9.9% | 8.8% | 7.2% | 6.8% | 5.7% | 4.8% | 4.3% | 0.6% | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 15 analysts is $131.93, 1% below the current price; targets range from $102.00 to $186.00; the consensus rating is “Buy”; expected EPS is $4.10 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Tradeweb Markets’s P/E ratio?
About 31.2, based on the last twelve months of diluted earnings per share (forward P/E about 29.1).
Is Tradeweb Markets stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 61% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Tradeweb Markets pay a dividend?
Yes. The dividend yield is about 0.43%, and it has paid dividends for 7 years in our data.
Is Tradeweb Markets a good stock to buy?
We do not give buy or sell advice. Tradeweb Markets scores 3.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.