Tradeweb Markets Inc. (TW) FY2026 Q2 P&L / Income Statement

Revenue by Business Segment by Customer

2026-04-01 to 2026-06-30

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Tradeweb Markets Inc. (TW) FY2026 Q2 P&L / Income StatementIncome statement for 2026-04-01 through 2026-06-30. View: Business segment by customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEOPERATINGPRE-TAXNETReportable Segment - InstitutionalReportable Segment - WholesaleReportable Segment - Market DataReportable Segment - RetailReportable Segment - CorporatesTotal revenueOperating incomeTotal expensesEmployee compensation and benefitsDepreciation and amortizationTechnology and communicationsGeneral and administrativeProfessional feesOccupancyOther income (expense), net (calculated)Income before taxesNet incomeProvision for income taxesOther income (expense), net (calculated)Other income,net (calculated)$24.92 MIncome before taxesIncome before taxes$270.19 MTotal revenueTotal revenue$558.95 MOperating incomeOperating income$245.26 MNet incomeNet income$206.69 MReportable Segment - InstitutionalReportable Segment - Institutional$355.36 MTotal expensesTotal expenses$313.68 MProvision for income taxesProvision forincome taxes$63.50 MReportable Segment - WholesaleReportable Segment - Wholesale$109.61 MEmployee compensation and benefitsEmployee compensationand benefits$172.46 MReportable Segment - Market DataReportable Segment - Market Data$37.29 MDepreciation and amortizationDepreciation and amortization$61.49 MReportable Segment - RetailReportable Segment - Retail$33.06 MTechnology and communicationsTechnology and communications$41.98 MReportable Segment - CorporatesReportable Segment - Corporates$23.63 MGeneral and administrativeGeneral and administrative$16.62 MProfessional feesProfessional fees$12.77 MOccupancyOccupancy$8.38 M
Chart details

Tradeweb Markets Inc. (TW) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Business segment by customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenue
558,946,000 US dollars
Total expenses
313,684,000 US dollars
Operating income
245,262,000 US dollars
Other income (expense), net (calculated)
24,924,000 US dollars
Income before taxes
270,186,000 US dollars
Provision for income taxes
63,500,000 US dollars
Net income
206,686,000 US dollars
Reportable Segment - Corporates
23,630,000 US dollars
Reportable Segment - Institutional
355,355,000 US dollars
Reportable Segment - Market Data
37,288,000 US dollars
Reportable Segment - Retail
33,064,000 US dollars
Reportable Segment - Wholesale
109,609,000 US dollars
Employee compensation and benefits
172,462,000 US dollars
Depreciation and amortization
61,487,000 US dollars
Technology and communications
41,976,000 US dollars
General and administrative
16,616,000 US dollars
Professional fees
12,765,000 US dollars
Occupancy
8,378,000 US dollars

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Of which attributable to Tradeweb Markets Inc.: $181.32 M; to noncontrolling interests: $25.37 M.
Tradeweb Markets Inc. (TW) FY2026 Q2 Revenue by Business Segment by Customer Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Operating margin

43.9%

Operating profit / revenue

Cash conversion

190.7%

Operating cash / net income, same period

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