# Tradeweb Markets Inc. (TW) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $106.20, market value $22.9 billion.

## Valuation
- **P/E (trailing): 25.3×** (5-yr avg 54.0×, 3-yr avg 45.6×). Tradeweb Markets Inc. trades at 25.3× trailing earnings, well below its own five-year average of 54.0×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 23.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.37**. A PEG of 0.37 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 10.4×**. Each dollar of revenue is priced at 10.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 3.4×**. The shares trade at 3.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 5.0%** (5-yr avg 3.8%). Free cash flow equals 5.0% of the market value, above its five-year average of 3.8%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 3.9%**. The inverse of the P/E: 3.9% of the price is earned each year.

## Profitability
- **Operating margin: 43.7%**. 43.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 39.6%**. 39.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.5%**. 12.5% on shareholders' equity is solid.
- **Return on assets: 11.0%**. Each dollar of assets produces 11.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 18.9%** (3-yr 20.0%/yr, 5-yr 18.1%/yr). Revenue grew 18.9% over the last year, against 18.1% a year compounded over five years.
- **EPS growth (1 yr): 62.2%** (3-yr 36.7%/yr, 5-yr 33.8%/yr). Earnings per share rose 62.2%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 22.7%/yr**. Free cash flow has compounded at 22.7% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.53%** ($0.52 per share, trailing). Tradeweb Markets Inc. yields 0.53%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 7**. 7 straight years of increases.
- **Dividend growth (5 yr): 8.4%/yr** (1-yr 20.0%). The dividend has grown 8.4% a year over five years.

## Analyst view
- **Analyst consensus: buy** (14 analysts). 14 analysts cover Tradeweb Markets Inc.; the consensus is buy, with an average price target of $123.71 (+16% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -13.6%** (YTD -1.0%, 3-mo 3.6%). The shares are down 13.6% over twelve months including dividends.
- **From 52-week high: -16.8%** (16.2% above the low). Trading 17% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): -0.22** (volatility 31%). Beta of -0.22 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TW · Page: https://foliofundamentals.com/stocks/tw

Not investment advice.