Tradeweb (TW)
Financials · financial exchanges and data · NASDAQ
Tradeweb is a leading global electronic trading platform providing efficient, transparent, and liquid markets for fixed income and derivatives.
What Tradeweb does
Tradeweb operates a global electronic marketplace for trading fixed income, derivatives, ETFs, and money market products. The company provides institutional, wholesale, and retail clients with advanced electronic trading platforms that facilitate price discovery, execution, and post-trade processing across multiple asset classes.
Themes: electronic trading, fixed income markets, market infrastructure, fintech
Fundamentals
- Price$107.04 as of 2026-08-21 close
- Market cap$24.8B as of 2026-08-24
- 1-year return-17.3% 2025-08-21 close $129.45 → 2026-08-21 close $107.04
- P/E27.59 as of 2026-08-24
- Net margin+40.7% as of 2026-08-24
- ROE+13.8% as of 2026-08-24
- Debt / equity0.00 as of 2026-08-24
- Revenue growth (YoY)+14.0% as of 2026-08-24
- Revenue CAGR (3y)+20.0% SEC XBRL
- Beta0.61 as of 2026-08-24
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.4%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How TW compares in its sector
- price-to-earnings ratiotop 25% 525 covered Financials peers, as of 2026-08-24
- net profit margintop 10% 538 covered Financials peers, as of 2026-08-24
- operating margintop 25% 534 covered Financials peers, as of 2026-08-24
- return on equitymiddle range 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRtop 25% 347 covered Financials peers
- indicated dividend yieldbottom 10% 453 covered Financials peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)top 25% 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
TW is not currently in any published Top 10 list. Its scores are below.
Long-term score
61.7 #142 of 987 scored · #76 of 191 in Financials
Financial health 98th (free cash flow margin 48.7%, debt to equity 0) and growth 82nd (3-year revenue CAGR 20%, revenue growth year over year 14%); weakest is valuation (27th, price to earnings 25.5, price to book 3.9).
Short-term score
44.3 #1170 of 1,704 scored · #210 of 277 in Financials
Setup 89th: no fresh 20-day breakout up or down; momentum 55th: MACD momentum is positive; weakest is catalysts 33rd: open-market insider buys in 90 days 0, analysts' average price target is unchanged from the prior reading. Its score is docked 10 points for overextended (RSI above 75 or stochastic above 90).
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, TW's dividend was covered by reported results (earnings payout 13%, free-cash-flow payout 9%). This describes past coverage, not a forecast.
- Earnings payout13% dividends / net income
- Free-cash-flow payout9% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How Tradeweb looks technically
Tradeweb (TW) is trading 1.7% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 50 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 10, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 59, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 18 trading days ago. It is 18.4% below its highest point of the past year.
Trend
7
| Distance from the 200-day | it is trading 1.7% below its 200-day average, the long-term trend line — a long-term downtrend | -1.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $100.93 | $100.93 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $108.91 | $108.91 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 22 calendar days ago — the swings before that are what the structure reading is measured on | 22 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 50 trading days ago — a "death cross", a bearish long-term signal | 50 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 10, below the 25 that marks a real trend) | 9.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 59, neither overbought (above 70) nor oversold (below 30) | 59.0 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($100.09 to $107.45) — its "stochastic" reading is 94 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 94.4 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 38 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $131.10 | $131.10 |
|---|---|---|
| From the 52-week high | it is 18.4% below its 52-week high (its highest price of the past year) | -18.4% |
| Above the 52-week low | it is 17.1% above its 52-week low (its lowest price of the past year) | +17.1% |
| Below the 52-week high | it is 18.4% below its highest point of the past year | 18.4% |
| Since a 20-day breakout | it made a new 20-day high about 18 trading days ago | 18 sessions |
| Since a 55-day breakout | it made a new 55-day low about 41 trading days ago | 41 sessions |
| All-time high | its highest closing price on record is $152.65 (set on 2025-04-03) | $152.65 |
| Given back of the 52-week move | over the past year its closes ranged ($91.50 to $130.41), and it has recovered roughly a third of its fall from last year’s high — 40% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $115.55 to $116.79. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 39.9% |
| From the all-time high | it is 29.9% below its all-time high | -29.9% |
| Nearest price level | it is trading 0.6% below a resistance level at $107.72 — a price it turned at three times since 2026-01-20, most recently on 2026-07-29. Since 2024-08-21 it has 4 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.6% |
| All-time low | its lowest closing price on record is $33.23 (set on 2020-03-18) | $33.23 |
| Above the all-time low | it is 222.1% above its all-time low | +222.1% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 86% of it) | 14th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.92 between its high and its low — about 2.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.92 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $98.73 and $108.61 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $98.73 – $103.67 – $108.61 |
| Typical daily range (% of price) | its price moves about 2.7% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.7% |
| Stretch from the 200-day average | it is trading 0.6 daily ranges below its 200-day average price (1.7% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 0.6 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.95× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a bullish engulfing | 9 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 9 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | -0.1% |
|---|---|---|
| Open gap | it gapped 7.6% below the previous close 16 sessions ago and has not traded back through the level it left behind at 108.18 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -7.6% |
| Gap filled | a 2.8% gap up opened on 2026-06-11 has been "filled" 43 sessions ago — price traded back through the level the gap left behind, and it took 6 sessions to close | 43 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +3.62% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 7.7 percentage points (the stock gained 10.0% while the market gained 2.3%) | +7.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 1.8 percentage points (the stock gained 1.3% while the market gained 3.1%) | -1.8% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 21.5 percentage points (the stock lost 10.4% while the market gained 11.1%) | -21.5% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 37.8 percentage points (the stock lost 17.3% while the market gained 20.5%) | -37.8% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: MACD momentum is positive, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 2.1% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 5.4% of the share price. | +2.1% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 1% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $108.55 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -1.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 5% above the average price paid since it last reported on 2026-07-30 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $101.88 — a volume-weighted average of daily closes over 17 sessions, not a true tick-by-tick VWAP. | +5.1% |
Price levels it has turned at before
TW last closed at $107.04 on 2026-08-21. Since 2024-08-21 it has turned at 4 prices below its last close and 10 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $107.72 | Resistance | 0.6% above the last close | turned there three times · 2026-01-20 to 2026-07-29 |
| $105.18 | Support | 1.7% below the last close | turned there four times · 2025-10-16 to 2026-07-02 |
| $111.28 | Resistance | 4.0% above the last close | turned there six times · 2024-09-06 to 2026-02-18 |
| $102.42 | Support | 4.3% below the last close | turned there five times · 2025-10-06 to 2026-07-15 |
| $96.95 | Support | 9.4% below the last close | turned there three times · 2026-02-04 to 2026-07-21 |
| $117.53 | Resistance | 9.8% above the last close | turned there four times · 2024-09-04 to 2026-04-29 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · trendless / choppy (low ADX) · lagging the market · At the top of its 14-day range (stochastic above 80) · Trading at this year’s average price paid (anchored VWAP) · Trading above the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.20 mean, 1=Strong Buy…5=Strong Sell) — 14 analysts
- Mean price target$123.86 range $98.00 – $178.00; median $120.00
Analyst estimates, as of 2026-08-17. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for TW
- Consensus EPS estimate$0.9901 next reporting period, as of 2026-08-17
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Competition from other electronic trading platforms and traditional brokers","Regulatory changes affecting electronic trading and financial markets","Reliance on technological infrastructure and potential cybersecurity threats"]
What changed in the latest 10-Q
AI-assisted comparison of TW's 10-Q filed 2026-04-29 against the prior one filed 2025-10-30.
Management's Discussion & Analysis (MD&A)
The two filings could not be meaningfully compared for this section.
Risk Factors
- Reworded:
- Page numbers changed: Item 1A Risk Factors moved from page 83 (filed 2025-10-30) to page 75 (filed 2026-04-29)
- Page numbers changed: Item 2 Unregistered Sales moved from page 83 (filed 2025-10-30) to page 75 (filed 2026-04-29)
- Page numbers changed: Item 3 Defaults Upon Senior Securities moved from page 83 (filed 2025-10-30) to page 75 (filed 2026-04-29)
- Page numbers changed: Item 4 Mine Safety Disclosures moved from page 83 (filed 2025-10-30) to page 76 (filed 2026-04-29)
- Page numbers changed: Item 5 Other Information moved from page 83 (filed 2025-10-30) to page 76 (filed 2026-04-29)
- Page numbers changed: Item 6 Exhibits moved from page 84 (filed 2025-10-30) to page 77 (filed 2026-04-29)
- Page numbers changed: Signatures moved from page 85 (filed 2025-10-30) to page 78 (filed 2026-04-29)
- Notes:
- Both text excerpts end mid-sentence in the USE OF NON-GAAP FINANCIAL MEASURES section, making full comparison impossible beyond visible content
- All substantive text content in the INTRODUCTORY NOTE and visible portions appears identical between the two filings; only page numbering differs
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 3 open-market sales by insiders in the last 90 days.
- Last 30 days0 buys · 2 sells ($331793) — 1 selling insider
- Last 90 days0 buys · 3 sells ($2M) — 2 selling insiders
- Last 180 days0 buys · 8 sells ($6M) — 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-17. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about TW's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 8 matched disclosures for TW from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Institutional ownership (13F)
6 institutional 13F filers reported holding TW as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 6
- Reported shares held 11,309,409
- Reported value $1,330,665,150
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 2 increased, 3 decreased, 1 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
TW had 3,900,871 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for TW because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 3,900,871
- Prior settlement (shares) 4,231,733
- Reported change -7.82%
- Days to cover (reported) 2.17
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- MarketAxess (MKTX)
- Bloomberg Terminal
- Intercontinental Exchange (ICE)
- CME Group (CME)
- Nasdaq (NDAQ)
- Cboe Global Markets (CBOE)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare TW vs…
Tradeweb is found in…
Frequently asked questions
What does Tradeweb (TW) do?
Tradeweb operates a global electronic marketplace for trading fixed income, derivatives, ETFs, and money market products. The company provides institutional, wholesale, and retail clients with advanced electronic trading platforms that facilitate price discovery, execution, and post-trade processing across multiple asset classes.
What sector is Tradeweb (TW) in?
Tradeweb (TW) is classified in the Financials sector. Its industry is financial exchanges and data. It trades on NASDAQ.
Does TW pay a dividend?
Yes — Tradeweb (TW) pays a dividend, with an indicated yield of about 0.38% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are Tradeweb's (TW) competitors?
Notable peers of Tradeweb (TW) include MarketAxess, Bloomberg Terminal, Intercontinental Exchange, CME Group and Nasdaq. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in TW?
Yes — we hold 8 matched STOCK Act disclosures for TW from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Tradeweb (TW) overbought or oversold right now?
Tradeweb (TW) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 59, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TW come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.