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

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

Income statement for 2026-01-01 through 2026-06-30. View: Product and Service by Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenue

1,176,710,000 US dollars

Total expenses

644,195,000 US dollars

Operating income

532,515,000 US dollars

Other income (expense), net (calculated)

40,595,000 US dollars

Income before taxes

573,110,000 US dollars

Provision for income taxes

133,257,000 US dollars

Net income

439,853,000 US dollars

LSEG market data fees - Variable

0 US dollars

LSEG market data fees - Fixed

53,238,000 US dollars

Subscription fees - Variable

1,000,000 US dollars

Subscription fees - Fixed

120,997,000 US dollars

Transaction fees and commissions - Variable

887,324,000 US dollars

Transaction fees and commissions - Fixed

101,844,000 US dollars

Other - Variable

6,528,000 US dollars

Other - Fixed

5,779,000 US dollars

Employee compensation and benefits

370,255,000 US dollars

Depreciation and amortization

122,196,000 US dollars

Technology and communications

81,525,000 US dollars

General and administrative

28,560,000 US dollars

Professional fees

25,089,000 US dollars

Occupancy

16,570,000 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.: $386.60 M; to noncontrolling interests: $53.25 M.