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Tradeweb Markets (TW) Revenue & Revenue Breakdown

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Tradeweb Markets Revenue Highlights

Latest Revenue (Y)

$1.34B

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
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 $1.34B 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

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 23Dec 20Dec 19
Subscription Fee Revenue$183.97M$142.36M$138.73M
Financial Service, Other$11.57M--
Transaction Fee Revenue$1.08B--
Market Data Revenue$64.34M$59.71M$55.63M

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/ServiceSep 24Jun 24Dec 23Sep 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Transaction Fee Revenue$373.49M$330.48M$814.86M$263.49M$104.25M--------------
Subscription Fee Revenue$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
Market Data Revenue$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----
Financial Service, Other$3.70M$3.15M$8.52M$3.05M---------------
Commissions Revenue----------------$41.16M--
Financial Service Other----------------$2.18M--

Tradeweb Markets's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Transaction Fee Revenue (83.20%), Subscription Fee Revenue (11.41%), Market Data Revenue (4.57%), and Financial Service, Other (0.83%).

Tradeweb Markets Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
UNITED STATES$850.34M$760.64M$673.22M$570.06M-
Non-US$487.88M$428.14M$403.22M$322.60M-
U----$497.32M
Non Us----$278.25M

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

CountrySep 24Jun 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Non-US$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---
UNITED STATES$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-----------------$89.35M$68.68M$74.38M
U-----------------$145.26M$128.63M$126.60M

Tradeweb Markets's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (62.31%), and Non-US (37.69%).

Tradeweb Markets Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
RJFRaymond James Financial$14.92B$3.76B
LPLALPL Financial$10.05B$3.11B
LAZLazard$2.59B$807.41M
EVREvercore$2.44B$738.42M
HLIHoulihan Lokey$1.91B$574.96M
PIPRPiper Sandler Companies$1.36B$360.93M
TWTradeweb Markets$1.34B$448.92M
PJTPJT Partners$1.15B$326.32M
MCMoelis & Company$854.75M$273.75M
MKTXMarketAxess$752.55M$206.72M
PWPPerella 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 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 (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 Subscription Fee Revenue, Financial Service, Other, Transaction Fee Revenue, and Market Data Revenue. Subscription Fee Revenue generated $183.97M in revenue, accounting 13.75% of the company's total revenue, up 29.23% year-over-year. Financial Service, Other generated $11.57M in revenue, accounting 0.86% of the company's total revenue Transaction Fee Revenue generated $1.08B in revenue, accounting 80.58% of the company's total revenue Market Data Revenue generated $64.34M in revenue, accounting 4.81% of the company's total revenue, up 7.75% year-over-year.

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.