Tradeweb Markets (TW) Q3 2026 Earnings

Yes. Tradeweb Markets reported Q3 2026 earnings of $1.02 a share on Oct 29, 2026, beating the $1.01 consensus estimate by 0.9%. Revenue was $584.5M against a $582.6M estimate.

Tradeweb Markets Inc. delivered a clean beat to open its third quarter of 2026, posting adjusted diluted EPS of $1.02 against a consensus estimate of $1.01, extending the company's streak of beating EPS estimates to six consecutive quarters. Revenue climbed 14.9% year-over-year to $584.54 million, edging past the $582.58 million consensus, as a surge in electronic trading volume did the heavy lifting. Average daily volume reached $3.2 trillion, up 22.4% year-over-year, with the rates business, Tradeweb's largest segment, generating an 18.2% revenue gain on a 33.8% ADV increase fueled by rising Treasury yields, shifting central bank policy, and geopolitical uncertainty that pushed clients toward the platform. Operating expenses rose 11.0% to $331.10 million, reflecting higher compensation, headcount growth, and AI infrastructure investment. Looking ahead, the company tightened its full-year adjusted expense guidance to trend toward the midpoint of $1.16 billion to $1.18 billion, while the pending $1.97 billion acquisition of credit marketplace Trumid, targeted to close in the first half of 2027, signals an ambitious expansion of its electronic credit franchise.