{"data":{"ticker":"TW","slug":"tradeweb-markets","name":"Tradeweb Markets","exchange":"NASDAQ","sector":"Financial Services","headquarters":"New York, New York","ceo":"William E. Hult","employees":1661,"website":"https://www.tradeweb.com","founded":"1996","layers":[{"slug":"ai-saas","name":"AI Applications"}],"exposure":{"score":10,"tier":"Peripheral","rationale":"Tradeweb operates electronic trading marketplaces for rates, credit, and money markets, applying AI to pricing and execution analytics. AI refines the platform, but revenue is driven by trading volumes and electronification of fixed income, not AI demand."},"quote":{"price":127.73,"change24hPct":0.13,"change7dPct":4.24,"change30dPct":16.46,"change1yPct":17.64,"high52w":127.73,"low52w":91.38,"marketCap":27848464384,"peRatio":29.98,"eps":4.26,"volume24h":149593671},"nextEarningsDate":"2026-10-29","summary":"Tradeweb Markets operates electronic trading platforms for financial markets. It earns fees when institutions trade rates, credit, and money market products on its marketplaces, so its revenue rises and falls with trading volumes and the ongoing shift of fixed income trading from phones to screens.","explainer":["Tradeweb Markets operates electronic trading platforms for financial markets. It earns fees when institutions trade rates, credit, and money market products on its marketplaces, so its revenue rises and falls with trading volumes and the ongoing shift of fixed income trading from phones to screens.","AI supports the platform rather than defining it. Tradeweb applies AI to price discovery in fixed income, trade execution optimization, liquidity analytics, and portfolio trading. These tools help clients find prices and execute large trades more efficiently.","Founded in 1996 and headquartered in New York City, Tradeweb trades on the NASDAQ, employs roughly 1,600 people, and is led by CEO Billy Hult."],"buildoutRole":"Tradeweb sits in the AI Applications layer, using AI to sharpen an established trading business. Its models improve pricing, execution, and liquidity analytics for fixed income markets, which strengthens the platform but does not tie revenue to AI infrastructure spending. Trading volumes and the electronification of bond markets drive results, so Supercycle scores its AI exposure at 10 out of 100.","faq":[{"q":"What does Tradeweb Markets do?","a":"Tradeweb runs electronic marketplaces where institutions trade rates, credit, and money market products. It earns transaction fees on trading volume and applies AI to pricing, execution, and liquidity analytics across its platforms."},{"q":"How is Tradeweb Markets exposed to AI?","a":"Lightly. Supercycle scores it 10 out of 100. AI refines price discovery and execution on its platforms, but revenue is driven by trading volumes and the electronification of fixed income, not AI demand."},{"q":"What are Tradeweb's main AI products?","a":"Tradeweb's AI work includes AI price discovery, trade execution optimization, liquidity analytics, and portfolio trading tools. Each is built into its electronic marketplaces to help institutional clients trade more efficiently."},{"q":"Where is Tradeweb headquartered and who leads it?","a":"Tradeweb Markets is headquartered in New York City and led by CEO Billy Hult. The company was founded in 1996, trades on the NASDAQ, and employs roughly 1,600 people."}],"history1y":[{"date":"2026-09-28","close":100.77},{"date":"2026-09-29","close":100.61},{"date":"2026-09-30","close":100.84},{"date":"2026-10-01","close":103.3},{"date":"2026-10-02","close":102.22},{"date":"2026-10-05","close":107.11},{"date":"2026-10-06","close":107.54},{"date":"2026-10-07","close":107.4},{"date":"2026-10-08","close":109.68},{"date":"2026-10-09","close":111.08},{"date":"2026-10-12","close":110.63},{"date":"2026-10-13","close":109.98},{"date":"2026-10-14","close":110.68},{"date":"2026-10-15","close":112},{"date":"2026-10-16","close":113.49},{"date":"2026-10-19","close":114.7},{"date":"2026-10-20","close":119.37},{"date":"2026-10-21","close":120.01},{"date":"2026-10-22","close":121.89},{"date":"2026-10-23","close":122.57},{"date":"2026-10-26","close":123.45},{"date":"2026-10-27","close":119.67},{"date":"2026-10-28","close":119.82},{"date":"2026-10-29","close":118.88},{"date":"2026-10-30","close":122.54},{"date":"2026-11-02","close":124.02},{"date":"2026-11-03","close":125.72},{"date":"2026-11-04","close":126.99},{"date":"2026-11-05","close":127.56},{"date":"2026-11-06","close":127.73}],"incomeStatements":[{"ticker":"TW","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":2052429000,"cost_of_revenue":670831000,"gross_profit":1381598000,"operating_expense":0,"operating_income":845124000,"net_income":812792000,"earnings_per_share":3.78,"earnings_per_share_diluted":3.78,"research_and_development":0,"selling_general_and_administrative_expenses":296071000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"TW","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":1725949000,"cost_of_revenue":592690000,"gross_profit":1133259000,"operating_expense":0,"operating_income":685758000,"net_income":501507000,"earnings_per_share":2.33,"earnings_per_share_diluted":2.33,"research_and_development":0,"selling_general_and_administrative_expenses":235232000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"TW","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":1338219000,"cost_of_revenue":460305000,"gross_profit":877914000,"operating_expense":0,"operating_income":495752000,"net_income":364866000,"earnings_per_share":1.71,"earnings_per_share_diluted":1.71,"research_and_development":0,"selling_general_and_administrative_expenses":187295000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"TW","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":1188781000,"cost_of_revenue":432421000,"gross_profit":756360000,"operating_expense":0,"operating_income":426226000,"net_income":309338000,"earnings_per_share":1.48,"earnings_per_share_diluted":1.48,"research_and_development":0,"selling_general_and_administrative_expenses":164908000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"TW","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":8189557000,"current_assets":2418799000,"cash_and_equivalents":2084739000,"total_liabilities":1000320000,"current_liabilities":559972000,"total_debt":139168000,"shareholders_equity":6507755000,"retained_earnings":1601044000},{"ticker":"TW","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":7267993000,"current_assets":1694171000,"cash_and_equivalents":1340302000,"total_liabilities":869108000,"current_liabilities":567508000,"total_debt":35748000,"shareholders_equity":5800192000,"retained_earnings":996763000},{"ticker":"TW","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":7059538000,"current_assets":2294051000,"cash_and_equivalents":1706468000,"total_liabilities":1128132000,"current_liabilities":893961000,"total_debt":27463000,"shareholders_equity":5373755000,"retained_earnings":640384000},{"ticker":"TW","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":6260131000,"current_assets":1439171000,"cash_and_equivalents":1257229000,"total_liabilities":713815000,"current_liabilities":513737000,"total_debt":27943000,"shareholders_equity":4953791000,"retained_earnings":386632000}],"holders13f":[],"news":[{"title":"Tradeweb Reports October 2026 Total Trading Volume of $78.9 Trillion and Average Daily Volume of $3.6 Trillion","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/tradeweb-reports-october-2026-total-123000045.html?.tsrc=rss","date":"2026-11-05"},{"title":"Tradeweb Launches Muni Sweep, a Session-Based Trading Protocol for the Municipal Bond Market","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/tradeweb-launches-muni-sweep-session-123000585.html?.tsrc=rss","date":"2026-11-03"},{"title":"TW Q3 deep dive: international growth and product expansion drive electronic trading momentum","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/tw-q3-deep-dive-international-214936619.html?.tsrc=rss","date":"2026-11-02"},{"title":"NMR or TW: Which Is the Better Value Stock Right Now?","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/nmr-tw-better-value-stock-154002832.html?.tsrc=rss","date":"2026-11-02"},{"title":"5 must-read analyst questions from Tradeweb Markets’s Q3 earnings call","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/5-must-read-analyst-questions-141336003.html?.tsrc=rss","date":"2026-11-02"},{"title":"Tradeweb: 3 Key Takeaways for Long-Term Investors","source":null,"url":"https://www.fool.com/earnings/takeaways/2026/11/01/tradeweb-3-key-takeaways-for-long-term-investors/?.tsrc=rss","date":"2026-11-02"},{"title":"Tradeweb Markets (TW) Stock Cools After Q3 Earnings Strength","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/tradeweb-markets-tw-stock-cools-100929245.html?.tsrc=rss","date":"2026-10-30"},{"title":"U.S. Treasury, European Bond Yields Fall as Oil Prices Drop","source":null,"url":"https://www.wsj.com/finance/investing/treasury-yields-little-changed-in-asian-trade-ahead-of-midterms-key-data-this-week-c5a1fdb3?.tsrc=rss","date":"2026-11-02"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.537Z","tier":"free","source":"https://supercyclehq.com/stock/tradeweb-markets","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/TW","html":"https://supercyclehq.com/stock/tradeweb-markets","md":"https://supercyclehq.com/stock/tradeweb-markets.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}