TW - Tradeweb Markets Inc Stock Price, Fair Value and News

99.60USD-2.53 (-2.48%)Market Closed

Market Summary

USD99.60-2.53

Market Closed

-2.48%

TW Alerts

2 major insider sales recently.

TW Stock Price

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TW RSI Chart

TW Valuation

Market Cap

21.0B

Price/Earnings (Trailing)

55.48

Price/Sales (Trailing)

15.69

EV/EBITDA

24.15

Price/Free Cashflow

28.86

TW Price/Sales (Trailing)

TW Profitability

EBT Margin

40.95%

Return on Equity

7.04%

Return on Assets

5.36%

Free Cashflow Yield

3.47%

TW Fundamentals

TW Revenue

Revenue (TTM)

1.3B

Rev. Growth (Yr)

26.26%

Rev. Growth (Qtr)

12.68%

TW Earnings

Earnings (TTM)

378.5M

Earnings Growth (Yr)

0.85%

Earnings Growth (Qtr)

-23.22%

Breaking Down TW Revenue

Last 7 days

-2.4%

Last 30 days

-4.4%

Last 90 days

4.1%

Trailing 12 Months

41.1%

How does TW drawdown profile look like?

TW Financial Health

TW Investor Care

Dividend Yield

0.36%

Dividend/Share (TTM)

0.36

Shares Dilution (1Y)

2.54%

Diluted EPS (TTM)

1.71

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.2B	1.2B	1.3B	1.3B
2022	1.1B	1.2B	1.2B	1.2B
2021	931.5M	980.2M	1.0B	1.1B
2020	823.4M	845.0M	856.9M	892.7M
2019	684.9M	723.7M	756.9M	775.6M
2018	542.7M	581.0M	619.3M	657.6M
2017	0	0	0	504.4M
2016	0	0	0	492.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Tradeweb Markets Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	furber sara	acquired	-	-	20.00	chief financial officer
Apr 01, 2024	furber sara	sold (taxes)	-261,542	103	-2,526	chief financial officer
Mar 25, 2024	peterson justin	sold	-525,497	104	-5,013	chief technology officer
Mar 20, 2024	friedman douglas	sold	-301,872	103	-2,922	general counsel and secretary
Mar 18, 2024	furber sara	sold (taxes)	-572,879	103	-5,518	chief financial officer
Mar 18, 2024	pluta thomas	sold (taxes)	-564,054	103	-5,433	president
Mar 18, 2024	zucker scott	sold (taxes)	-272,631	103	-2,626	chief admin. and risk officer
Mar 18, 2024	peterson justin	acquired	-	-	70.00	chief technology officer
Mar 18, 2024	pluta thomas	acquired	-	-	35.00	president
Mar 18, 2024	furber sara	acquired	-	-	52.00	chief financial officer

Which funds bought or sold TW recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	DNB Asset Management AS	added	6.68	299,994	1,646,200	0.01%
Apr 12, 2024	Riverview Trust Co	new	-	23,022	23,022	0.02%
Apr 12, 2024	Dynamic Advisor Solutions LLC	new	-	487,940	487,940	0.02%
Apr 12, 2024	AdvisorNet Financial, Inc	unchanged	-	118,361	927,738	0.09%
Apr 12, 2024	ARMSTRONG ADVISORY GROUP, INC	unchanged	-	-	9,179	-%
Apr 11, 2024	Bangor Savings Bank	reduced	-63.04	-1,243,670	914,092	0.09%
Apr 11, 2024	Fortitude Family Office, LLC	unchanged	-	252	1,979	-%
Apr 11, 2024	Gulf International Bank (UK) Ltd	added	15.99	732,000	2,952,000	0.07%
Apr 11, 2024	Lakehouse Capital Pty Ltd	unchanged	-	543,000	4,258,000	3.31%
Apr 10, 2024	Bruce G. Allen Investments, LLC	unchanged	-	545	4,271	-%

Are Funds Buying or Selling TW?

Are funds buying TW calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TW

No. of Funds

TW Alerts

2 major insider sales recently.

Unveiling Tradeweb Markets Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	6.5%	7,419,557	SC 13G
Feb 14, 2024	price t rowe associates inc /md/	7.0%	8,031,685	SC 13G
Feb 13, 2024	vanguard group inc	9.23%	10,585,809	SC 13G/A
Feb 09, 2024	wellington management group llp	5.48%	6,284,303	SC 13G/A
Jan 24, 2024	blackrock inc.	9.1%	10,398,002	SC 13G/A
Jan 03, 2024	london stock exchange group plc	16.7%	22,988,329	SC 13D/A
Feb 22, 2023	london stock exchange group plc	17.2%	22,988,329	SC 13D/A
Feb 14, 2023	t. rowe price investment management, inc.	6.6%	7,322,321	SC 13G
Feb 13, 2023	ownership capital b.v.	4.68%	5,194,980	SC 13G/A
Feb 13, 2023	capital research global investors	0.0%	0	SC 13G/A

Recent SEC filings of Tradeweb Markets Inc

View All Filings

Date Filed	Form Type	Document
Apr 08, 2024	8-K	Current Report
Apr 02, 2024	4	Insider Trading
Mar 28, 2024	ARS	ARS
Mar 28, 2024	DEF 14A	DEF 14A
Mar 28, 2024	DEFA14A	DEFA14A
Mar 27, 2024	4	Insider Trading
Mar 25, 2024	144	Notice of Insider Sale Intent
Mar 20, 2024	144	Notice of Insider Sale Intent
Mar 20, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading

Peers (Alternatives to Tradeweb Markets Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	130.5B	68.5B	3.50%	18.95%	15.32	1.9	136.06%	-24.38%
ICE	74.8B	9.9B	-3.02%	21.45%	31.57	7.55	2.77%	63.76%
CME	74.0B	5.6B	-5.20%	8.25%	22.95	13.17	-0.62%	19.89%
COIN	52.7B	3.1B	-7.83%	219.53%	555.2	16.95	-2.69%	103.61%
FDS	16.2B	2.2B	-10.82%	2.53%	33.07	7.51	7.26%	9.28%
IBKR	11.5B	6.2B	1.61%	31.21%	4.08	1.84	131.94%	52.66%
MID-CAP
JEF	8.8B	8.2B	-4.95%	33.35%	33.38	1.07	17.04%	-76.58%
HLI	8.0B	1.8B	-0.33%	37.06%	30.74	4.33	0.16%	-0.33%
EVR	7.1B	2.4B	-1.85%	53.76%	27.7	2.9	-12.10%	-46.39%
FRHC	4.0B	1.4B	-10.89%	-7.66%	11.88	2.85	96.15%	398.80%
CLSK	2.9B	214.4M	-15.78%	255.45%	-35.61	13.56	75.40%	19.03%
SMALL-CAP
DFIN	1.8B	797.2M	-1.73%	39.93%	21.65	2.23	-4.37%	-19.80%
AMRK	889.3M	10.0B	40.12%	8.96%	8.05	0.09	24.24%	-27.96%
COHN	12.0M	83.0M	-17.18%	-0.22%	-2.04	0.14	15.07%	81.87%
AAMC	9.2M	5.3M	-1.09%	-94.75%	-0.28	1.74	4.05%	-104.26%

Tradeweb Markets Inc News

Latest updates

Tradeweb Markets Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	12.7%	370	328	311	329	293	287	297	311	277	265	261	273	233	213	212	235	197	201	190	187	179
Costs and Expenses	12.2%	228	204	194	207	201	184	191	200	186	180	177	175	161	154	156	157	143	143	160	141	147
EBITDA Margin	-0.4%	0.60*	0.60*	0.58*	0.55*	0.53*	0.52*	0.51*	0.50*	0.50*	0.50*	0.49*	0.48*	-	-	-	-	-	-	-	-	-
Interest Expenses	16.1%	20.00	17.00	15.00	12.00	8.00	3.00	1.00	-0.45	-0.41	-0.36	-0.32	-0.49	-0.38	-0.35	-0.29	1.00	1.00	1.00	0.00	-	-
Income Taxes	31.0%	38.00	29.00	29.00	33.00	14.00	25.00	26.00	14.00	44.00	20.00	17.00	16.00	16.00	11.00	13.00	16.00	31.00	10.00	6.00	5.00	3.00
Earnings Before Taxes	0.7%	141	140	131	135	113	106	107	111	104	85.00	83.00	98.00	83.00	58.00	55.00	78.00	88.00	59.00	31.00	47.00	33.00
EBT Margin	-0.5%	0.41*	0.41*	0.40*	0.38*	0.37*	0.37*	0.35*	0.34*	0.34*	0.34*	0.33*	0.32*	-	-	-	-	-	-	-	-	-
Net Income	-23.2%	76.00	99.00	102	102	75.00	69.00	82.00	97.00	37.00	55.00	66.00	82.00	55.00	37.00	42.00	62.00	41.00	30.00	13.00	42.00	29.00
Net Income Margin	-5.6%	0.28*	0.30*	0.29*	0.27*	0.27*	0.24*	0.23*	0.23*	0.22*	0.25*	0.24*	0.23*	-	-	-	-	-	-	-	-	-
Free Cashflow	15.4%	244	211	209	64.00	203	198	172	36.00	184	181	144	51.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	8.5%	7,060	6,505	6,491	6,240	6,260	6,137	5,990	6,001	5,990	5,937	5,865	5,809	5,680	5,537	5,464	5,185	5,095	5,623	5,072	5,035	4,997
Cash Equivalents	14.3%	1,706	1,493	1,396	1,233	1,257	1,111	961	829	972	823	682	811	792	678	561	425	462	391	315	363	411
Net PPE	-7.2%	34.00	36.00	36.00	37.00	37.00	33.00	35.00	35.00	31.00	28.00	33.00	33.00	34.00	33.00	36.00	37.00	40.00	37.00	36.00	37.00	38.00
Goodwill	0.0%	2,816	2,815	2,780	2,780	2,780	2,780	2,780	2,780	2,780	2,783	85.00	2,695	2,695	2,700	2,695	2,695	2,695	2,695	2,695	2,695	2,695
Liabilities	62.8%	1,128	693	773	639	714	683	619	707	681	688	667	644	661	658	635	496	503	1,135	618	260	411
Shareholder's Equity	2.0%	5,374	5,266	5,717	5,601	4,954	5,454	5,371	5,294	5,309	5,248	5,198	5,165	5,019	4,879	4,829	4,689	4,593	4,487	4,455	4,598	4,572
Retained Earnings	12.3%	640	570	495	433	387	348	305	262	243	222	195	208	156	116	94.00	78.00	48.00	20.00	1.00	-	-
Additional Paid-In Capital	0.7%	4,739	4,706	4,694	4,578	4,577	4,542	4,420	4,389	4,401	4,366	4,348	4,307	4,143	3,941	3,923	3,427	3,329	2,856	2,847	99*	99*
Shares Outstanding	-0.4%	211	212	212	208	206	206	205	204	201	201	202	199	180	177	172	166	148	143	143	222	222
Minority Interest	2.1%	558	546	535	598	593	585	656	645	663	658	650	646	716	822	815	1,186	1,214	1,614	1,607	-	-
Float	-	-	-	16,100	-	-	-	16,000	-	-	-	19,700	-	-	-	6,200	-	-	-	4,500	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	12.6%	244,761	217,389	213,099	70,840	208,000	201,507	178,072	45,243	191,651	182,364	148,434	55,572	139,702	138,979	186,311	-21,758	120,538	113,492	98,052	-21,079	112,556
Share Based Compensation	17.9%	20,458	17,347	15,713	11,610	17,212	14,757	20,963	13,712	15,000	13,776	12,407	10,760	11,212	9,757	10,346	7,971	8,732	9,132	27,286	4,674	-
Cashflow From Investing	85.8%	-12,256	-86,449	-17,346	-16,714	-14,667	-12,342	-15,047	-18,040	-14,726	-10,017	-221,742	-12,625	-33,188	-10,168	-10,819	-8,361	-14,695	-12,060	-9,424	-8,283	-16,246
Cashflow From Financing	22.1%	-24,024	-30,854	-32,840	-80,456	-54,846	-28,723	-25,053	-168,081	-25,656	-29,931	-56,063	-24,450	3,370	-13,894	-39,892	-2,277	-39,286	-23,206	-135,650	-20,000	-36,000
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	36,000
Buy Backs	-76.2%	1,166	4,897	7,602	22,706	34,000	9,000	9,000	47,323	12,000	12,000	51,676	-	-	-	-	-	-	-	-	-	-

TW Income Statement

2023-12-31

Consolidated Statements of Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenues

Total revenue

$ 1,338,219

$ 1,188,781

$ 1,076,447

Expenses

Employee compensation and benefits

460,305

432,421

407,260

Depreciation and amortization

185,350

178,879

171,308

Technology and communications

77,506

65,857

56,189

General and administrative

51,495

46,561

32,153

Professional fees

42,364

37,764

36,181

Occupancy

15,930

14,726

14,528

Total expenses

832,950

776,208

717,619

Operating income

505,269

412,573

358,828

Tax receivable agreement liability adjustment

^[1]

(9,517)

13,653

12,745

Net interest income (expense)

65,350

11,907

(1,590)

Other income (loss), net

(13,122)

(1,000)

Income before taxes

547,980

437,133

369,983

Provision for income taxes

(128,477)

(77,520)

(96,875)

Net income

419,503

359,613

273,108

Less: Net income attributable to non-controlling interests

54,637

50,275

46,280

Net income attributable to Tradeweb Markets Inc.

$ 364,866

$ 309,338

$ 226,828

Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders:

Basic (in dollars per share)

$ 1.73

$ 1.50

$ 1.13

Diluted (in dollars per share)

$ 1.71

$ 1.48

$ 1.09

Weighted average shares outstanding:

Basic (in shares)

210,796,802

205,576,637

201,419,081

Diluted (in shares)

212,668,808

208,400,040

207,254,840

Transaction fees and commissions

Revenues

Total revenue

$ 1,078,344

$ 950,269

$ 846,354

Subscription fees

Revenues

Total revenue

183,972

165,922

158,448

LSEG market data fees

Revenues

Total revenue

64,336

62,721

61,161

Other

Revenues

Total revenue

$ 11,567

$ 9,869

$ 10,484

[1]	See Note 10 – Tax Receivable Agreement.

About Tradeweb Markets Inc

Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors. It also offers a range of electronic, voice, and hybrid platforms to dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory firms and traders with Tradeweb Direct platform. The company serves in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. The company was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. operates a subsidiary of Refinitiv Parent Limited.

CEO	Mr. William E. Hult
WEBSITE	tradeweb.com
INDUSTRY	Mortgage Finance
EMPLOYEES	1091

Tradeweb Markets Inc Frequently Asked Questions

What is the ticker symbol for Tradeweb Markets Inc? What does TW stand for in stocks?

TW is the stock ticker symbol of Tradeweb Markets Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Tradeweb Markets Inc (TW)?

As of Mon Apr 15 2024, market cap of Tradeweb Markets Inc is 21 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TW stock?

You can check TW's fair value in chart for subscribers.

What is the fair value of TW stock?

You can check TW's fair value in chart for subscribers. The fair value of Tradeweb Markets Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Tradeweb Markets Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TW so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Tradeweb Markets Inc a good stock to buy?

The fair value guage provides a quick view whether TW is over valued or under valued. Whether Tradeweb Markets Inc is cheap or expensive depends on the assumptions which impact Tradeweb Markets Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TW.

What is Tradeweb Markets Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, TW's PE ratio (Price to Earnings) is 55.48 and Price to Sales (PS) ratio is 15.69. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TW PE ratio will change depending on the future growth rate expectations of investors.