Wall Street analyst estimates for Tradeweb Markets Inc. (TW): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
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.
Consensus price target
$131.29 (+6 % vs price $124.02)
between $102.00 and $182.00 · 8 targets published in the last quarter
Closing price, Nov 2
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $2.4B | $2.3B – $2.4B | $4.09 | 8 |
| 2027E | $2.7B | $2.6B – $2.8B | $4.72 | 9 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 19 |
| Hold | 9 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 28 |
| Avg rating (−2 sell to +2 buy) | 0.68 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-04 | $1.02 | ||
| 2026-10-29 | $1.02 | $1.01 | +1.0% |
| 2026-07-30 | $0.97 | $0.94 | +3.1% |
| 2026-04-29 | $1.08 | $1.06 | +1.9% |
| 2026-02-05 | $0.87 | $0.85 | +2.6% |
| 2025-10-30 | $0.87 | $0.83 | +4.9% |
| 2025-07-30 | $0.87 | $0.86 | +1.2% |
| 2025-04-30 | $0.86 | $0.86 | +0.5% |
Valuation Ratios
| P/E Ratio | 29.11 |
| Price / Book | 3.94 |
| Dividend Yield | 0.44% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $492.2M | $504.4M | $657.6M | $775.6M | $892.7M | $1.08B | $1.19B | $1.34B | $1.73B | $2.05B |
| Cost of Revenue | $228.6M | $249.0M | $289.5M | $329.5M | $349.7M | $407.3M | $432.4M | $460.3M | $592.7M | $670.8M |
| Gross Profit | $263.6M | $255.5M | $368.1M | $446.1M | $543.0M | $669.2M | $756.4M | $877.9M | $1.13B | $1.38B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $55.8M | 0 | 0 |
| Selling, General & Admin | $89.6M | $97.8M | $114.0M | $117.0M | $125.9M | $139.1M | $164.9M | $562.1M | $235.2M | $296.1M |
| Operating Expenses | $170.5M | $166.4M | $195.8M | $256.3M | $279.6M | $310.4M | $343.8M | $372.6M | $455.2M | $536.5M |
| Operating Income | $93.1M | $89.1M | $172.3M | $189.8M | $263.4M | $358.8M | $412.6M | $505.3M | $678.0M | $845.1M |
| EBITDA | $174.6M | $157.7M | $254.1M | $362.3M | $428.6M | $542.9M | $617.8M | $681.1M | $978.7M | $1.43B |
| Interest Expense | $1.3M | $455,000 | 0 | 0 | 0 | 0 | $1.8M | $2.0M | $4.3M | $1.9M |
| Pre-tax Income | $92.4M | $89.8M | $174.8M | $225.3M | $274.5M | $370.0M | $437.1M | $548.0M | $754.4M | $1.17B |
| Income Tax | -$725,000 | $6.1M | $15.3M | $52.3M | $56.1M | $96.9M | $77.5M | $128.5M | $184.4M | $253.5M |
| Net Income | $93.2M | $83.6M | $159.5M | $83.8M | $166.3M | $226.8M | $309.3M | $364.9M | $501.5M | $812.8M |
| EPS | $0.41 | $0.37 | $1.29 | $1.17 | $0.92 | $1.13 | $1.50 | $1.73 | $2.36 | $3.81 |
| EPS (Diluted) | $0.41 | $0.37 | $1.29 | $1.11 | $0.88 | $1.09 | $1.48 | $1.71 | $2.34 | $3.78 |
| Shares Outstanding (Diluted) | 227.3 M | 227.3 M | 123.4 M | 156.5 M | 188.2 M | 207.3 M | 208.4 M | 212.7 M | 214.9 M | 214.9 M |
Price
| Price | $124.02 (closing price, November 2, 2026) |
| Market Cap | $26.8B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Financial Services · Financial - Capital Markets
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