Tradeweb Markets Inc (TW)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-10-30
$122.54+3.08%
Close 2026-10-30 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-10-30
Research Workspace
Put TW beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Investment Banking & Brokerage is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue growth is slowing — up about 14% over the past year and decelerating.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on earnings delivery, margins.
View ManagementExpectations look high — the market is pricing in about 25% growth a year, above the roughly 14% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskTradeweb’s core electronic trading growth must continue to support its premium valuation. Revenue growth accelerated from 9% in Q2 to 14.9% in Q3, while Q3 earnings were inline. TW trades at 32× P/E versus an 18× peer median. The market is pricing in more growth than our forecast. Its 26% next-quarter miss probability and weak cash backing expose execution risk. The Trumid deal adds acquisition-price and execution concerns. Peer multiples imply a price about 25% below where it trades. Our read remains intact; this read is provisional.
Trailing returns as of 2026-10-30. TW is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 17 analysts currently covering TW (as of Oct 2026).
Based on 5 Wall Street analysts offering 12-month price targets for TW in the last 4 months.
Continue this research
Compare TW with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| TW Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Investment Banking & Brokerage — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put TW next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Drive growth in core and emerging electronic trading
Strong growth and an earnings beat support core electronic trading objectives.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $122.54
The last 12 months of price, then the range of analyst 12-month targets from today’s $122.54.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Acquiring Trumid expands Tradeweb’s corporate bond capabilities and electronic trading reach.
Sharp selloff signals investor concern about the acquisition's price and execution risks.
Advances: Increase LSEG Market Data Contract Revenue
Record market share gains support revenue growth objective.
Advances: Increase LSEG Market Data Contract Revenue
Partnership enhances market data revenue potential.
Advances: Increase LSEG Market Data Contract Revenue
Increased trading volumes support market data revenue growth.
Advances: Increase LSEG Market Data Contract Revenue
New partnership enhances market data revenue potential.
Advances: Increase LSEG Market Data Contract Revenue
Positive report supports growth in market data revenue.
