Tradeweb Markets tops estimates for a sixth straight quarter on record volume
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Average daily volume hit $3.2 trillion, carrying both lines past expectations for a sixth straight quarter at Tradeweb. Management also tightened full-year adjusted expense guidance toward the middle of its range while the Trumid deal waits on a first-half 2027 close.
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Tradeweb Markets posted adjusted diluted EPS of $1.02 for its third quarter of 2026, exceeding expectations for the sixth consecutive quarter.
Average daily volume hit a record $3.2 trillion, with rates, credit derivatives, and equities all expanding.
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Management tightened full-year adjusted expense guidance toward the midpoint of the $1.16 billion to $1.18 billion range, holding cost discipline while investing in AI infrastructure and headcount.
The pending $1.97 billion acquisition of credit marketplace Trumid, the largest in company history, sits outside all current guidance, so approval news will reset 2027 expectations.
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Mentioned: TW