Tradeweb Markets (TW) Revenue & Revenue Breakdown
Tradeweb Markets Revenue Highlights
Latest Revenue (Y)
$1.34B
Latest Revenue (Q)
$404.95M
Main Segment (Y)
Transaction Fee Revenue
Main Geography (Y)
UNITED STATES
Tradeweb Markets Revenue by Period
Tradeweb Markets Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.34B | 12.57% |
| 2022-12-31 | $1.19B | 10.44% |
| 2021-12-31 | $1.08B | 20.59% |
| 2020-12-31 | $892.66M | 15.10% |
| 2019-12-31 | $775.57M | 17.94% |
| 2018-12-31 | $657.58M | 30.36% |
| 2017-12-31 | $504.45M | 2.49% |
| 2016-12-31 | $492.18M | - |
Tradeweb Markets generated $1.34B in revenue during NA 2023, up 12.57% compared to the previous quarter, and up 203.51% compared to the same period a year ago.
Tradeweb Markets Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $404.95M | -0.93% |
| 2024-03-31 | $408.74M | 10.47% |
| 2023-12-31 | $370.00M | 12.68% |
| 2023-09-30 | $328.36M | 5.71% |
| 2023-06-30 | $310.61M | -5.66% |
| 2023-03-31 | $329.25M | 12.36% |
| 2022-12-31 | $293.04M | 2.06% |
| 2022-09-30 | $287.12M | -3.37% |
| 2022-06-30 | $297.14M | -4.61% |
| 2022-03-31 | $311.49M | 12.50% |
| 2021-12-31 | $276.88M | 4.36% |
| 2021-09-30 | $265.32M | 1.72% |
| 2021-06-30 | $260.84M | -4.59% |
| 2021-03-31 | $273.40M | 17.30% |
| 2020-12-31 | $233.08M | 9.67% |
| 2020-09-30 | $212.52M | 0.33% |
| 2020-06-30 | $211.82M | -9.98% |
| 2020-03-31 | $235.31M | 19.26% |
| 2019-12-31 | $197.31M | -2.14% |
| 2019-09-30 | $201.62M | 5.75% |
| 2019-06-30 | $190.66M | 1.60% |
| 2019-03-31 | $187.65M | 5.05% |
| 2018-12-31 | $178.64M | 6.46% |
| 2018-09-30 | $167.79M | 10.59% |
| 2018-06-30 | $151.72M | -4.84% |
| 2018-03-31 | $159.43M | - |
Tradeweb Markets generated $404.95M in revenue during Q2 2024, up -0.93% compared to the previous quarter, and up 122.99% compared to the same period a year ago.
Tradeweb Markets Revenue Breakdown
Tradeweb Markets Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 20 | Dec 19 |
|---|---|---|---|
| Transaction Fee Revenue | $1.08B | - | - |
| Subscription Fee Revenue | $183.97M | $142.36M | $138.73M |
| Market Data Revenue | $64.34M | $59.71M | $55.63M |
| Financial Service, Other | $11.57M | - | - |
Tradeweb Markets's latest annual revenue breakdown by segment (product or service), as of Dec 23: Transaction Fee Revenue (80.58%), Subscription Fee Revenue (13.75%), Market Data Revenue (4.81%), and Financial Service, Other (0.86%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Dec 23 | Sep 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Service, Other | $3.15M | $8.52M | $3.05M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Market Data Revenue | $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 | - | - | - | - |
| Subscription Fee Revenue | $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 | $330.48M | $814.86M | $263.49M | $104.25M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Commissions Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $41.16M | - | - |
| Financial Service Other | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.18M | - | - |
Tradeweb Markets's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Transaction Fee Revenue (81.61%), Subscription Fee Revenue (12.53%), Market Data Revenue (5.08%), and Financial Service, Other (0.78%).
Tradeweb Markets Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Non-US | $487.88M | $428.14M | $403.22M | $322.60M | - |
| UNITED STATES | $850.34M | $760.64M | $673.22M | $570.06M | - |
| Non Us | - | - | - | - | $278.25M |
| U | - | - | - | - | $497.32M |
Tradeweb Markets's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (63.54%), and Non-US (36.46%).
Quarterly Revenue by Country
| Country | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-US | $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 | - | - | - | - |
| UNITED STATES | $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 | - | - | - | - |
| U | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $145.26M | $128.63M | $126.60M | $122.69M |
| Non Us | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $89.35M | $68.68M | $74.38M | $67.79M |
Tradeweb Markets's latest quarterly revenue breakdown by geography, as of Jun 24: UNITED STATES (62.27%), and Non-US (37.73%).
Tradeweb Markets Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| RJF | Raymond James Financial | $11.47B | $3.76B |
| LPLA | LPL Financial | $10.05B | $2.93B |
| LAZ | Lazard | $2.59B | $707.99M |
| EVR | Evercore | $2.44B | $693.41M |
| HLI | Houlihan Lokey | $1.91B | $513.61M |
| PIPR | Piper Sandler Companies | $1.36B | $340.84M |
| TW | Tradeweb Markets | $1.34B | $404.95M |
| PJT | PJT Partners | $1.15B | $360.18M |
| MC | Moelis & Company | $854.75M | $264.59M |
| MKTX | MarketAxess | $752.55M | $197.66M |
| PWP | Perella Weinberg Partners | $648.65M | $272.00M |
TW Revenue FAQ
What is Tradeweb Markets’s yearly revenue?
Tradeweb Markets's yearly revenue for 2023 was $1.34B, representing an increase of 12.57% compared to 2022. The company's yearly revenue for 2022 was $1.19B, representing an increase of 10.44% compared to 2021. TW's yearly revenue for 2021 was $1.08B, representing an increase of 20.59% compared to 2020.
What is Tradeweb Markets’s quarterly revenue?
Tradeweb Markets'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). The company'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). TW's quarterly revenue for Q4 2023 was $370M, a 12.68% increase from the previous quarter (Q3 2023), and a 26.26% increase year-over-year (Q4 2022).
What is Tradeweb Markets’s revenue growth rate?
Tradeweb Markets's revenue growth rate for the last 3 years (2021-2023) was 24.32%, and for the last 5 years (2019-2023) was 72.55%.
What are Tradeweb Markets’s revenue streams?
Tradeweb Markets's revenue streams in c 23 are Transaction Fee Revenue, Subscription Fee Revenue, Market Data Revenue, and Financial Service, Other. Transaction Fee Revenue generated $1.08B in revenue, accounting 80.58% of the company's total revenue Subscription Fee Revenue generated $183.97M in revenue, accounting 13.75% of the company's total revenue, up 29.23% year-over-year. Market Data Revenue generated $64.34M in revenue, accounting 4.81% of the company's total revenue, up 7.75% year-over-year. Financial Service, Other generated $11.57M in revenue, accounting 0.86% of the company's total revenue
What is Tradeweb Markets’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Tradeweb Markets was Transaction Fee Revenue. This segment made a revenue of $1.08B, representing 80.58% of the company's total revenue.