Earnings Releases·Oct 29, 2026, 7:01 AM ET

Tradeweb Markets Inc. — Third Quarter 2026 Earnings Summary

Total revenue rose 14.9% YoY to $584.5 million, while adjusted net income increased 15.6% to $238.8 million; diluted and adjusted diluted EPS were $0.94 and $1.02, respectively.
Full-year 2026 adjusted expense guidance was raised to $1,155–$1,175 million, with operating expenses up 11.0% YoY driven by compensation, technology investments, and professional fees.
The company announced a definitive agreement to acquire Trumid Holdings for approximately $1.97 billion (targeting H1 2027 close) and declared a 16.7% dividend increase to $0.14 per share.
Capital return included $209.8 million in share repurchases (leaving $124.5 million authorization) and $1.1 billion in trailing twelve-month free cash flow.
Market share in U.S. high-grade TRACE expanded to 27.9% (up 170 bps), and all major business segments posted revenue growth, led by Equities (+28.8%) and Rates (+18.2%).