Tradeweb Markets Inc. (TW) FY2026 YTD Q2 P&L / Income Statement
2026-01-01 to 2026-06-30
Revenue by Business Segment by Customer
2026-01-01 to 2026-06-30
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Tradeweb Markets Inc. (TW) FY2026 YTD Q2 P&L / Income Statement
Income statement for 2026-01-01 through 2026-06-30. View: Business segment by customer. 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
- Reportable Segment - Corporates
- 50,520,000 US dollars
- Reportable Segment - Institutional
- 760,280,000 US dollars
- Reportable Segment - Market Data
- 74,215,000 US dollars
- Reportable Segment - Retail
- 66,499,000 US dollars
- Reportable Segment - Wholesale
- 225,196,000 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.

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Operating margin
45.3%
Operating profit / revenue
Cash conversion
113.2%
Operating cash / net income, same period
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