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Tradeweb Markets . Class A Earnings Calls
| Release date | Apr 29, 2026 |
| EPS estimate | $1.06 |
| EPS actual | $1.08 |
| EPS Surprise | 1.89% |
| Revenue estimate | 617.164M |
| Revenue actual | 617.764M |
| Revenue Surprise | 0.0972% |
| Release date | Feb 05, 2026 |
| EPS estimate | $0.85 |
| EPS actual | $0.87 |
| EPS Surprise | 2.59% |
| Revenue estimate | 516.982M |
| Revenue actual | 521.183M |
| Revenue Surprise | 0.81% |
| Release date | Oct 30, 2025 |
| EPS estimate | $0.83 |
| EPS actual | $0.87 |
| EPS Surprise | 4.95% |
| Revenue estimate | 507.519M |
| Revenue actual | 508.598M |
| Revenue Surprise | 0.213% |
| Release date | Jul 30, 2025 |
| EPS estimate | $0.86 |
| EPS actual | $0.87 |
| EPS Surprise | 1.16% |
| Revenue estimate | 514.339M |
| Revenue actual | 512.971M |
| Revenue Surprise | -0.266% |
Last 4 Quarters for Tradeweb Markets . Class A
Below you can see how TW performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 30, 2025 |
| Price on release | $146.12 |
| EPS estimate | $0.86 |
| EPS actual | $0.87 |
| EPS surprise | 1.16% |
| Date | Price |
|---|---|
| Jul 24, 2025 | $138.46 |
| Jul 25, 2025 | $139.01 |
| Jul 28, 2025 | $137.80 |
| Jul 29, 2025 | $138.31 |
| Jul 30, 2025 | $146.12 |
| Jul 31, 2025 | $138.55 |
| Aug 01, 2025 | $137.04 |
| Aug 04, 2025 | $141.05 |
| Aug 05, 2025 | $140.54 |
| 4 days before | 5.53% |
| 4 days after | -3.82% |
| On release day | -5.18% |
| Change in period | 1.50% |
| Release date | Oct 30, 2025 |
| Price on release | $104.15 |
| EPS estimate | $0.83 |
| EPS actual | $0.87 |
| EPS surprise | 4.95% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $110.95 |
| Oct 27, 2025 | $109.84 |
| Oct 28, 2025 | $108.04 |
| Oct 29, 2025 | $105.44 |
| Oct 30, 2025 | $104.15 |
| Oct 31, 2025 | $105.39 |
| Nov 03, 2025 | $105.33 |
| Nov 04, 2025 | $104.85 |
| Nov 05, 2025 | $104.49 |
| 4 days before | -6.13% |
| 4 days after | 0.326% |
| On release day | 1.19% |
| Change in period | -5.82% |
| Release date | Feb 05, 2026 |
| Price on release | $109.53 |
| EPS estimate | $0.85 |
| EPS actual | $0.87 |
| EPS surprise | 2.59% |
| Date | Price |
|---|---|
| Jan 30, 2026 | $103.07 |
| Feb 02, 2026 | $102.83 |
| Feb 03, 2026 | $99.48 |
| Feb 04, 2026 | $100.82 |
| Feb 05, 2026 | $109.53 |
| Feb 06, 2026 | $112.13 |
| Feb 09, 2026 | $115.66 |
| Feb 10, 2026 | $116.72 |
| Feb 11, 2026 | $115.02 |
| 4 days before | 6.27% |
| 4 days after | 5.01% |
| On release day | 2.37% |
| Change in period | 11.59% |
| Release date | Apr 29, 2026 |
| Price on release | $118.12 |
| EPS estimate | $1.06 |
| EPS actual | $1.08 |
| EPS surprise | 1.89% |
| Date | Price |
|---|---|
| Apr 23, 2026 | $113.62 |
| Apr 24, 2026 | $113.29 |
| Apr 27, 2026 | $111.44 |
| Apr 28, 2026 | $112.36 |
| Apr 29, 2026 | $118.12 |
| Apr 30, 2026 | $113.25 |
| May 01, 2026 | $111.68 |
| May 04, 2026 | $112.56 |
| May 05, 2026 | $110.21 |
| 4 days before | 3.96% |
| 4 days after | -6.70% |
| On release day | -4.12% |
| Change in period | -3.00% |
Tradeweb Markets . Class A Earnings Call Transcript Summary of Q1 2026
Tradeweb reported a record Q1 2026 with revenue of $618 million (up 21% YoY reported, 17.5% constant currency) driven by broad-based client activity, higher volatility in March, and strong international growth (29% YoY). Key product highlights included record performance in global swaps (+45% YoY), rates, credit, repos/ICD, and ETFs (ETF revenue +35% YoY); market data was impacted by timing of LSAG recognition but grew ~13% ex-timing. International clients contributed meaningfully to platform growth (driving ~60% of dollar swaps growth and nearly 60% of overall revenue growth). Adjusted EBITDA margin expanded modestly (~40–100 bps depending on comparison) and the company finished the quarter with ~$1.9 billion cash, ~ $1.6B Canton coin holdings (fair value ~$243M), a $0.14 quarterly dividend (up 17% YoY) and $523M remaining share repurchase authorization. Management emphasized continued investment in technology (AI, data, platform infrastructure), international expansion (EM/APAC/Europe), electronification—especially in swaps and U.S. credit—and frontier initiatives (tokenization, Canton, prediction markets). Guidance: adjusted expenses are expected toward the top half of the prior $1.1–$1.16B range, with the company targeting continued adjusted EBITDA and operating margin expansion while balancing growth investments.
