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

2026-01-01 to 2026-06-30

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Tradeweb Markets Inc. (TW) FY2026 YTD Q2 P&L / Income StatementIncome statement for 2026-01-01 through 2026-06-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEOPERATINGPRE-TAXNETTransaction fees and commissionsSubscription feesLSEG market data feesOtherTotal 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)$40.60 MIncome before taxesIncome before taxes$573.11 MTotal revenueTotal revenue$1.18 BOperating incomeOperating income$532.52 MNet incomeNet income$439.85 MTransaction fees and commissionsTransaction fees and commissions$989.17 MTotal expensesTotal expenses$644.20 MProvision for income taxesProvision forincome taxes$133.26 MEmployee compensation and benefitsEmployee compensationand benefits$370.26 MSubscription feesSubscription fees$122.00 MLSEG market data feesLSEG market data fees$53.24 MDepreciation and amortizationDepreciation and amortization$122.20 MOtherOther$12.31 MTechnology and communicationsTechnology and communications$81.53 MGeneral and administrativeGeneral and administrative$28.56 MProfessional feesProfessional fees$25.09 MOccupancyOccupancy$16.57 M
Chart details

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. 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
Transaction fees and commissions
989,168,000 US dollars
Subscription fees
121,997,000 US dollars
LSEG market data fees
53,238,000 US dollars
Other
12,307,000 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.
Tradeweb Markets Inc. (TW) FY2026 YTD Q2 Revenue by Product and Service Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Operating margin

45.3%

Operating profit / revenue

Cash conversion

113.2%

Operating cash / net income, same period

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