Tradeweb Markets (TW)

Tradeweb Markets LLC • BondDesk Group LLC • Dealerweb LLC • DW SEF LLC • Refinitiv US Tradeweb LLC • Tech Hackers LLC • TIPS LLC • Tradeweb Information Technology • Tradeweb Direct LLC • Tradeweb EU B.V. ...

TW stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$127.00

Low target

$119.00

High target

$135.00

Latest filings (excl ownership)

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30 Oct 25

Entry into a Material Definitive Agreement

30 Jul 25

Results of Operations and Financial Condition

30 Jul 25

8-K

Submission of Matters to a Vote of Security Holders

30 Apr 25

Results of Operations and Financial Condition

30 Apr 25

ARS

2025 FY

Annual report to shareholders

27 Mar 25

DEFA14A

Additional proxy soliciting materials

27 Mar 25

DEF 14A

Definitive proxy

27 Mar 25

Transcripts

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Earnings call transcript

2025 Q3

30 Oct 25

Earnings call transcript

2025 Q2

30 Jul 25

Earnings call transcript

2025 Q1

30 Apr 25

Earnings call transcript

2024 Q4

6 Feb 25

Earnings call transcript

2024 Q3

30 Oct 24

Earnings call transcript

2024 Q2

25 Jul 24

Earnings call transcript

2024 Q1

25 Apr 24

Earnings call transcript

2023 Q4

6 Feb 24

Earnings call transcript

2023 Q3

26 Oct 23

Earnings call transcript

2023 Q2

27 Jul 23

Latest ownership filings

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SCHEDULE 13G/A

Beneficial ownership report (amended)

12 Nov 25

SCHEDULE 13G/A

Beneficial ownership report (amended)

8 Sep 25

SCHEDULE 13G/A

Beneficial ownership report (amended)

14 Aug 25

SCHEDULE 13G/A

Beneficial ownership report (amended)

Financial summary

Financial statements Chart TW financial data

Quarter (USD)	Sep 25	Jun 25	Mar 25	Dec 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q2 2024

TW institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	431	421	+2.4%
Opened positions	65	74	-12.2%
Closed positions	55	53	+3.8%
Increased positions	181	154	+17.5%
Reduced positions	133	142	-6.3%

13F shares	Current	Prev Q	Change
Total value	9.97 tn	9.13 tn	+9.2%
Total shares	235.77 mm	229.24 mm	+2.9%
Total puts	162.90 k	335.30 k	-51.4%
Total calls	320.97 k	702.40 k	-54.3%
Total put/call ratio	0.5	0.5	+6.3%

Largest owners	Shares	Value	Change
LDNXF London Stock Exchange	119.92 mm	$0.00	0.0%
T. Rowe Price	11.92 mm	$1.26 bn	+31.8%
Vanguard	11.25 mm	$1.19 tn	+4.9%
BLK BlackRock	10.49 mm	$1.11 tn	+0.6%
Wellington Management	8.23 mm	$871.88 bn	+47.5%
BEN Franklin Resources	4.05 mm	$429.54 bn	-6.8%
T. Rowe Price Investment Management	2.88 mm	$305.14 mm	-33.0%
Artisan Partners Limited Partnership	2.61 mm	$276.91 bn	-4.2%
STT State Street	2.52 mm	$267.06 bn	+2.8%
Allspring Global Investments	2.24 mm	$237.77 bn	-4.6%

Largest transactions	Shares	Bought/sold	Change
T. Rowe Price	11.92 mm	+2.88 mm	+31.8%
Wellington Management	8.23 mm	+2.65 mm	+47.5%
William Blair Investment Management	0.00	-1.82 mm	EXIT
Primecap Management	1.60 mm	+1.60 mm	NEW
Norges Bank	1.59 mm	+1.59 mm	NEW
T. Rowe Price Investment Management	2.88 mm	-1.42 mm	-33.0%
Ownership Capital B.V.	1.70 mm	-829.09 k	-32.8%
Charles Schwab Investment Management	825.86 k	+825.86 k	NEW
Millennium Management	105.01 k	-645.24 k	-86.0%
American Century Companies	1.43 mm	+617.55 k	+75.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
20 May 25	Aigrain Jacques	Class A common stock	Grant	Acquire A	No	No	2,062	9,554
20 May 25	Lisa Opoku	Class A common stock	Grant	Acquire A	No	No	1,271	2,824
20 May 25	Rana Yared	Class A common stock	Grant	Acquire A	No	No	1,271	2,594
20 May 25	Ganeles Scott	Class A common stock	Grant	Acquire A	No	No	1,271	13,685
20 May 25	Richard H Repetto	Class A common stock	Grant	Acquire A	No	No	1,533	1,533