Tradeweb Markets Inc. (TW) is a publicly traded company in the Financial Services — Financial - Capital Markets industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Tradeweb Markets Inc. is a global provider that develops and manages sophisticated electronic trading platforms across the Americas, Europe, the Middle East, Africa, and Asia Pacific. These digital venues facilitate transactions in a diverse array of financial instruments, including fixed income (rates and credit), money market products, and equities.
Is Tradeweb Markets Inc. stock overvalued or undervalued in 2026?
Tradeweb Markets Inc. (TW) trades at 29.5× earnings (P/E), above the median of the 321 financial services companies over $2bn in Kaplio's universe. At the decade median (56.7×) $242 (+92 %); at its sector median (12.9×) $55 (-56 %).
Kaplio overview: Tradeweb Markets Inc.
Market cap $27B · 52 weeks $92 – $127 (0 % below the high) · P/E 29.5× · 2027 est. P/E 26.7× · Dividend 0.43 % · 3 years rising · Next earnings February 4, 2027 · expected EPS $1.01 · Closing price, Nov 3 · accounts published Oct 29.
- Valuation: TTM P/E 29.5× (cheap).
- Business: ROE 13.8 % (fair).
- Balance sheet: Debt/Equity 0.02 (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (56.7×) $242 (+92 %); at its sector median (12.9×) $55 (-56 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in financial services: 5 of 6 pass
- ROE 13.8 %, borderline.
- 5y revenue growth 14.2 %, passes.
- Operating margin 41.2 %, passes.
- FCF / Net Income 138.7 %, passes.
- Debt / Equity 0.02, passes.
- P/E vs own 5y 29.5×, passes.
Against its peers (reference peers) — Tradeweb Markets Inc.: P/E 29.5×; EV/EBITDA 16.2×; ROIC 10.1 %; $27.2B. MarketAxess Holdings Inc. (P/E 20.3×; EV/EBITDA 12.9×; ROIC 19.9 %; $5.8B), BGC Group, Inc (P/E 26.8×; EV/EBITDA 12.1×; ROIC 4.8 %; $5.2B), Virtu Financial, Inc. (P/E 6.7×; EV/EBITDA 3.7×; ROIC 25.7 %; $4.7B).
Expensive or cheap against its last 8 years?
P/E at each close: today 29.5× · median 56.7× · minimum 21.9× · maximum 109× · cheap below 47.0× · expensive above 73.0×. It has been cheaper than today only 9% of the time over its last 8 years.
Dividend
solid · Yield (last 12 months) 0.43 % · $0.48 per share in 2025 · Years raising it 3 · 5-year growth +8 % a year · Free cash flow coverage 10.1× (last three fiscal years) · With $1,000 invested today you'd collect $4.30 a year ($0.36 a month).
Profitability
| Return on Equity | 13.78% |
| Return on Invested Capital | 10.13% |
| Return on Assets | 10.78% |
| Gross Margin | 76.43% |
| Operating Margin | 44.55% |
| Net Margin | 39.83% |
Financial Health
| Debt / Equity | 0.02 |
| Current Ratio | 4.56 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 14.89 |
Price Performance
| 1 month | +17.37% |
| 3 months | +21.68% |
| Year-to-date | +16.91% |
| 1 year | +19.90% |
| 3 years | +36.73% |
| 5 years | +33.04% |
Dividend History
Paid in the last 12 months: $0.54 per share in 4 payments.
| Date | Amount |
|---|---|
| December 1, 2026 | $0.14 |
| September 1, 2026 | $0.14 |
| June 1, 2026 | $0.14 |
| March 2, 2026 | $0.14 |
| December 1, 2025 | $0.12 |
| September 2, 2025 | $0.12 |
| June 2, 2025 | $0.12 |
| March 3, 2025 | $0.12 |
| December 2, 2024 | $0.10 |
| September 3, 2024 | $0.10 |
Amounts adjusted for stock splits.
Related companies: CME · NDAQ · MKTX · BGC · ICE · VIRT
Explore sector: Financial Services · Financial - Capital Markets
More sections of TW: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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