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Here's What Key Metrics Tell Us About Tradeweb (TW) Q2 Earnings

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For the quarter ended June 2026, Tradeweb Markets (TW - Free Report) reported revenue of $558.95 million, up 9% over the same period last year. EPS came in at $0.97, compared to $0.87 in the year-ago quarter.

The reported revenue represents a surprise of -0.9% over the Zacks Consensus Estimate of $564.05 million. With the consensus EPS estimate being $0.96, the EPS surprise was +1.04%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Tradeweb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average Daily Volumes - Rates - Cash: $595.66 billion compared to the $611.54 billion average estimate based on 11 analysts.
  • Average Daily Volumes - Total: $3,012.51 billion versus the 11-analyst average estimate of $3,024.71 billion.
  • Average Daily Volumes - Money Markets: $1,161.47 billion compared to the $1,165.34 billion average estimate based on 11 analysts.
  • Average Daily Volumes - Equities: $32.32 billion versus $30.97 billion estimated by 11 analysts on average.
  • Revenue by Asset Class- Equities- Fixed: $2.44 million compared to the $2.41 million average estimate based on 11 analysts. The reported number represents a change of +3.5% year over year.
  • Revenue by Asset Class- Market Data: $37.29 million compared to the $37.02 million average estimate based on 11 analysts. The reported number represents a change of +22.6% year over year.
  • Revenue by Asset Class- Rates- Variable: $228.01 million compared to the $233.92 million average estimate based on 11 analysts. The reported number represents a change of +11.4% year over year.
  • Revenue by Asset Class- Rates- Fixed: $74.48 million compared to the $73.61 million average estimate based on 11 analysts. The reported number represents a change of +6.8% year over year.
  • Revenue by Asset Class- Credit- Fixed: $17.23 million versus the 11-analyst average estimate of $18.25 million. The reported number represents a year-over-year change of -0.7%.
  • Revenue by Asset Class- Equities- Variable: $36.45 million compared to the $34.82 million average estimate based on 11 analysts. The reported number represents a change of +14.3% year over year.
  • Revenue by Asset Class- Money Markets- Variable: $39.5 million versus the 11-analyst average estimate of $41.25 million. The reported number represents a year-over-year change of +5.9%.
  • Revenue by Asset Class- Money Markets- Fixed: $4.48 million versus the 11-analyst average estimate of $4.45 million. The reported number represents a year-over-year change of +2.9%.

View all Key Company Metrics for Tradeweb here>>>

Shares of Tradeweb have returned +6.6% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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