Electronic trading platform Tradeweb Markets (NASDAQ: TW) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 21.2% year on year to $617.8 million. Its non-GAAP profit of $1.08 per share was 1.5% above analysts’ consensus estimates.
Is now the time to buy Tradeweb Markets? Find out by accessing our full research report, it’s free.
Tradeweb Markets (TW) Q1 CY2026 Highlights:
- Volume: $3.3 trillion (32% year-on-year growth)
- Revenue: $617.8 million vs analyst estimates of $617.2 million (21.2% year-on-year growth, in line)
- Pre-tax Profit: $302.9 million (49% margin)
- Adjusted EPS: $1.08 vs analyst estimates of $1.06 (1.5% beat)
- Market Capitalization: $23.93 billion
Company Overview
Founded in 1996 as one of the pioneers in electronic bond trading, Tradeweb Markets (NASDAQ: TW) builds and operates electronic marketplaces that connect financial institutions for trading across rates, credit, equities, and money markets.
Revenue Growth
A company’s long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, Tradeweb Markets grew its revenue at an excellent 18.3% compounded annual growth rate. Its growth surpassed the average financials company and shows its offerings resonate with customers, a great starting point for our analysis.
We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Tradeweb Markets’s annualized revenue growth of 23.4% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. 
Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Tradeweb Markets’s year-on-year revenue growth of 21.2% was excellent, and its $617.8 million of revenue was in line with Wall Street’s estimates.
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Key Takeaways from Tradeweb Markets’s Q1 Results
It was good to see Tradeweb Markets narrowly top analysts’ EBITDA expectations this quarter. Zooming out, we think this was a decent quarter. The stock remained flat at $112.42 immediately after reporting.
So do we think Tradeweb Markets is an attractive buy at the current price? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here (it’s free).
