Tradeweb Markets combines best-in-class 40% net margins, a perfect four-quarter earnings beat streak, and 21% revenue growth with a quality score of 8.2 that is among the highest in the batch, but a put/call ratio of 7.42 and a below-trend price signal caution on near-term timing.
Thesis pillars
- Extreme Put Call Ratio↓Deteriorating
- Best In Class Margins Quality→Stable
- Earnings Beat Streak Revenue Growth↑Improving
- +1 more pillar — see the Why tab for full reasoning
Tradeweb Markets Inc. (TW) Stock Analysis
Falling Knife setup · Temporary headwind edge
Financial Services · Capital Markets
Wait for pullback to $97.78. At $101.44 the A.R:R is 1.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $97.78 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 6.0%; Negative momentum.
Tradeweb Markets builds and operates electronic trading platforms for rates, credit, equities, and money markets, serving more than 3,000 clients in over 85 countries. Revenue comes from transaction fees and data subscriptions, with credit asset class revenues reaching $488.0... Read more
Wait for pullback to $97.78. At $101.44 the A.R:R is 1.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $97.78 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 6.0%; Negative momentum. Chart setup: Death cross, below all MAs, RSI 33, MACD bearish. Wide-moat business. Accumulate on weakness. Score 5.7/10, moderate confidence.
Passes 6/9 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 46d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: moderate.
About Tradeweb Markets Inc.
About Tradeweb Markets Inc.
Tradeweb Markets posted $488.0 million in credit asset class revenues for the year ended December 31, 2025, part of a platform that processed $2.6 trillion in average daily volume — up 213% from $0.8 trillion in 2020. The company serves more than 3,000 clients across 85 countries spanning institutional, wholesale, retail, and corporate treasury sectors. LSEG is Tradeweb's controlling shareholder and simultaneously holds a market data distribution agreement through which it distributes Tradeweb pricing data via its flagship financial platforms.
Tradeweb generates revenue through transaction fees and subscription charges across rates, credit, equities, and money markets, with credit revenues having grown from a niche product to $488.0 million annually over more than a decade since launch. The institutional client sector is the largest, comprising asset managers, hedge funds, insurance companies, and central banks that trade primarily through Tradeweb's D2C protocols including RFQ, portfolio trading, and AiEX automated execution. Dealer clients are foundational to the marketplace model: without dealers willing to provide two-way liquidity, the D2C protocols fail. Competitors include Bloomberg and Intercontinental Exchange (ICE), each of which also offers data and analytics to institutional market participants and holds relationships with the vast majority of institutional, wholesale, and retail clients. The August 2024 acquisition of Institutional Cash Distributors broadened the company's offering to corporate treasury clients trading short-term instruments such as money market funds.
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Tradeweb's relationship with LSEG spans ownership control and a commercial market data license, creating a dual dependency that the 10-K flags as a governance risk where LSEG's interests may conflict with those of other stockholders. LSEG controls Tradeweb under Nasdaq 'controlled company' status, which exempts it from certain board independence requirements. The market data license agreement with LSEG affiliates distributes Tradeweb pricing data through LSEG platforms; the filing also identifies potential expansion of this agreement as a key data monetization path, meaning LSEG's strategic priorities could shape Tradeweb's data distribution trajectory.
See also: Financial Services · Capital Markets
From Tradeweb Markets Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-09-13Recent Developments — Tradeweb Markets Inc.
Latest news
- NEWS Tradeweb Markets Inc (TW) Stock Up 3.8% and Still Undervalued -- GF Score: 87/100 - GuruFocus — GuruFocus positive
- NEWS Tradeweb Markets (TW) Reports Earnings Tomorrow: What To Expect - Yahoo Finance — Yahoo Finance neutral
- NEWS Tradeweb Markets (TW) Reports Earnings Tomorrow: What To Expect - finance.yahoo.com — finance.yahoo.com neutral
- NEWS Tradeweb Markets (TW) Reports Earnings Tomorrow: What To Expect - StockStory — StockStory neutral
- NEWS Tradeweb Markets (TW) Reports Earnings Tomorrow: What To Expect - stockstory.org — stockstory.org neutral
Generated 2026-09-15T08:32:04Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMcounterpartydealer clients10-K Item 1A: 'We are dependent on our dealer clients to support our marketplaces by transacting with our other institutional, wholesale and retail clients'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $97.78. At $101.44 the A.R:R is 1.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $97.78 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 6.0%; Negative momentum. Chart setup: Death cross, below all MAs, RSI 33, MACD bearish. Wide-moat business. Accumulate on weakness. Target $107.57 (+6.0%), stop $92.89 (−9.2%), A.R:R 1.2:1. Score 5.7/10, moderate confidence.
Take-profit target: $107.57 (+6.0% upside). Target $107.57 (+6.0%), stop $92.89 (−9.2%), A.R:R 1.2:1. Stop-loss: $92.89.
Thin upside margin: 6.0%; Negative momentum; Below 200-day MA.
Tradeweb Markets Inc. trades at a P/E of 24.2 (forward 22.1). TrendMatrix value score: 5.1/10. Verdict: Buy (Wait for Entry).
24 analysts cover TW with a consensus score of 3.9/5. Average price target: $124.
What does Tradeweb Markets Inc. do?Tradeweb Markets builds and operates electronic trading platforms for rates, credit, equities, and money markets,...
Tradeweb Markets builds and operates electronic trading platforms for rates, credit, equities, and money markets, serving more than 3,000 clients in over 85 countries. Revenue comes from transaction fees and data subscriptions, with credit asset class revenues reaching $488.0 million for 2025 and average daily volume of $2.6 trillion. LSEG is the controlling shareholder.