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Tradeweb Markets (TW) Revenue & Revenue Breakdown

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Tradeweb Markets Revenue Highlights

Latest Revenue (Y)

$1.73B

Latest Revenue (Q)

$448.92M

Main Segment (Y)

Transaction Fee Revenue

Main Geography (Y)

UNITED STATES

Tradeweb Markets Revenue by Period

Tradeweb Markets Revenue by Year

DateRevenueChange
2024-12-31$1.73B28.97%
2023-12-31$1.34B12.57%
2022-12-31$1.19B10.44%
2021-12-31$1.08B20.59%
2020-12-31$892.66M15.10%
2019-12-31$775.57M17.94%
2018-12-31$657.58M30.36%
2017-12-31$504.45M2.49%
2016-12-31$492.18M-

Tradeweb Markets generated $1.73B in revenue during NA 2024, up 28.97% compared to the previous quarter, and up 222.54% compared to the same period a year ago.

Tradeweb Markets Revenue by Quarter

DateRevenueChange
2024-09-30$448.92M10.86%
2024-06-30$404.95M-0.93%
2024-03-31$408.74M10.47%
2023-12-31$370.00M12.68%
2023-09-30$328.36M5.71%
2023-06-30$310.61M-5.66%
2023-03-31$329.25M12.36%
2022-12-31$293.04M2.06%
2022-09-30$287.12M-3.37%
2022-06-30$297.14M-4.61%
2022-03-31$311.49M12.50%
2021-12-31$276.88M4.36%
2021-09-30$265.32M1.72%
2021-06-30$260.84M-4.59%
2021-03-31$273.40M17.30%
2020-12-31$233.08M9.67%
2020-09-30$212.52M0.33%
2020-06-30$211.82M-9.98%
2020-03-31$235.31M19.26%
2019-12-31$197.31M-2.14%
2019-09-30$201.62M5.75%
2019-06-30$190.66M1.60%
2019-03-31$187.65M5.05%
2018-12-31$178.64M6.46%
2018-09-30$167.79M10.59%
2018-06-30$151.72M-4.84%
2018-03-31$159.43M11.18%
2017-12-31$143.40M-

Tradeweb Markets generated $448.92M in revenue during Q3 2024, up 10.86% compared to the previous quarter, and up 144.53% compared to the same period a year ago.

Tradeweb Markets Revenue Breakdown

Tradeweb Markets Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 20Dec 19
Financial Service, Other$13.60M$11.57M--
Subscription Fee Revenue$206.66M$183.97M$142.36M$138.73M
Market Data Revenue$82.14M$64.34M$59.71M$55.63M
Transaction Fee Revenue$1.42B$1.08B--

Tradeweb Markets's latest annual revenue breakdown by segment (product or service), as of Dec 24: Transaction Fee Revenue (82.48%), Subscription Fee Revenue (11.97%), Market Data Revenue (4.76%), and Financial Service, Other (0.79%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Jun 24Dec 23Sep 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Financial Service, Other$6.75M$3.70M$3.15M$8.52M$3.05M---------------
Subscription Fee Revenue$104.71M$51.21M$50.75M$137.61M$46.36M$41.59M$41.34M$41.54M$41.45M$41.31M$41.39M$37.88M$37.87M$36.65M$36.22M$35.01M$34.48M$34.33M$35.39M$34.57M
Transaction Fee Revenue$719.58M$373.49M$330.48M$814.86M$263.49M$104.25M--------------
Market Data Revenue$41.05M$20.51M$20.58M$48.88M$15.46M$16.12M$15.00M$14.93M$15.12M$16.24M$14.27M$14.56M$14.63M$15.38M$13.25M$13.38M----
Commissions Revenue-----------------$41.16M--
Financial Service Other-----------------$2.18M--

Tradeweb Markets's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Transaction Fee Revenue (82.51%), Subscription Fee Revenue (12.01%), Market Data Revenue (4.71%), and Financial Service, Other (0.77%).

Tradeweb Markets Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21Dec 20
UNITED STATES$1.06B$850.34M$760.64M$673.22M$570.06M
Non-US$665.25M$487.88M$428.14M$403.22M$322.60M

Tradeweb Markets's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (61.46%), and Non-US (38.54%).

Quarterly Revenue by Country

CountryDec 24Sep 24Jun 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
UNITED STATES$528.85M$279.70M$252.14M$232.88M$207.84M$200.92M$208.70M$195.10M$185.10M$190.15M$190.29M$175.61M$166.27M$163.60M$167.74M$147.95M$136.78M$140.07M--
Non-US$343.24M$169.21M$152.81M$137.13M$120.52M$109.69M$120.55M$97.94M$102.02M$106.99M$121.19M$101.27M$99.06M$97.23M$105.66M$85.13M$76.08M$72.03M--
U------------------$145.26M$128.63M
Non Us------------------$89.35M$68.68M

Tradeweb Markets's latest quarterly revenue breakdown by geography, as of Dec 24: UNITED STATES (60.64%), and Non-US (39.36%).

Tradeweb Markets Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
RJFRaymond James Financial$14.92B$4.04B
LPLALPL Financial$12.39B$3.11B
LAZLazard$3.14B$807.41M
EVREvercore$3.00B$738.42M
HLIHoulihan Lokey$1.91B$634.43M
TWTradeweb Markets$1.73B$448.92M
PIPRPiper Sandler Companies$1.53B$360.93M
PJTPJT Partners$1.49B$326.32M
MCMoelis$1.19B$273.75M
PWPPerella Weinberg Partners$878.04M$272.00M
MKTXMarketAxess$817.10M$206.72M

TW Revenue FAQ

What is Tradeweb Markets’s yearly revenue?

Tradeweb Markets's yearly revenue for 2024 was $1.73B, representing an increase of 28.97% compared to 2023. The company's yearly revenue for 2023 was $1.34B, representing an increase of 12.57% compared to 2022. TW's yearly revenue for 2022 was $1.19B, representing an increase of 10.44% compared to 2021.

What is Tradeweb Markets’s quarterly revenue?

Tradeweb Markets's quarterly revenue for Q3 2024 was $448.92M, a 10.86% increase from the previous quarter (Q2 2024), and a 36.72% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $404.95M, a -0.93% decrease from the previous quarter (Q1 2024), and a 30.37% increase year-over-year (Q2 2023). TW's quarterly revenue for Q1 2024 was $408.74M, a 10.47% increase from the previous quarter (Q4 2023), and a 24.14% increase year-over-year (Q1 2023).

What is Tradeweb Markets’s revenue growth rate?

Tradeweb Markets's revenue growth rate for the last 3 years (2022-2024) was 45.19%, and for the last 5 years (2020-2024) was 93.35%.

What are Tradeweb Markets’s revenue streams?

Tradeweb Markets's revenue streams in c 24 are Financial Service, Other, Subscription Fee Revenue, Market Data Revenue, and Transaction Fee Revenue. Financial Service, Other generated $13.6M in revenue, accounting 0.79% of the company's total revenue, up 17.56% year-over-year. Subscription Fee Revenue generated $206.66M in revenue, accounting 11.97% of the company's total revenue, up 12.33% year-over-year. Market Data Revenue generated $82.14M in revenue, accounting 4.76% of the company's total revenue, up 27.68% year-over-year. Transaction Fee Revenue generated $1.42B in revenue, accounting 82.48% of the company's total revenue, up 32.01% year-over-year.

What is Tradeweb Markets’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Tradeweb Markets was Transaction Fee Revenue. This segment made a revenue of $1.42B, representing 82.48% of the company's total revenue.