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Compared to Estimates, Tradeweb (TW) Q3 Earnings: A Look at Key Metrics
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Tradeweb Markets (TW - Free Report) reported $584.55 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 14.9%. EPS of $1.02 for the same period compares to $0.87 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $584.74 million, representing a surprise of -0.03%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.02.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $1,948.13 billion compared to the $1,912.31 billion average estimate based on six analysts.
Average Daily Volumes - Credit: $60.92 billion versus the six-analyst average estimate of $58.96 billion.
Average variable fees per million dollars of volume - Money Markets: $0.50 versus $0.50 estimated by six analysts on average.
Average variable fees per million dollars of volume - Equities: $18.77 compared to the $18.45 average estimate based on six analysts.
Revenue by Asset Class- Market Data: $36.87 million versus the six-analyst average estimate of $37.23 million. The reported number represents a year-over-year change of +19.7%.
Revenue by Asset Class- Rates- Fixed: $75.38 million compared to the $75.04 million average estimate based on five analysts. The reported number represents a change of +6% year over year.
Revenue by Asset Class- Credit- Variable: $115.83 million compared to the $116.7 million average estimate based on five analysts. The reported number represents a change of +11.5% year over year.
Revenue by Asset Class- Equities- Variable: $36.01 million versus $35.54 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +31.6% change.
Revenue by Asset Class- Money Markets- Variable: $39.39 million compared to the $39.56 million average estimate based on five analysts. The reported number represents a change of +2.5% year over year.
Revenue by Asset Class- Credit- Fixed: $17.16 million versus the five-analyst average estimate of $17.14 million. The reported number represents a year-over-year change of -1.7%.
Revenue by Asset Class- Equities- Fixed: $2.41 million compared to the $2.34 million average estimate based on five analysts. The reported number represents a change of -2.5% year over year.
Revenue by Asset Class- Money Markets- Fixed: $4.78 million compared to the $4.53 million average estimate based on five analysts. The reported number represents a change of +7.1% year over year.
Shares of Tradeweb have returned +18.8% over the past month versus the Zacks S&P 500 composite's +0.9% 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.
View the Zacks #1 Rank List
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Compared to Estimates, Tradeweb (TW) Q3 Earnings: A Look at Key Metrics
Tradeweb Markets (TW - Free Report) reported $584.55 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 14.9%. EPS of $1.02 for the same period compares to $0.87 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $584.74 million, representing a surprise of -0.03%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.02.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tradeweb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Tradeweb here>>>
Shares of Tradeweb have returned +18.8% over the past month versus the Zacks S&P 500 composite's +0.9% 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.