Tradeweb Markets Inc. (TW) Earnings Call Transcripts
Tradeweb Markets Inc.'s Latest Earnings Call - June 3, 2026
In the first quarter of fiscal year 2026, Tradeweb Markets Inc. reported revenue of over $2.2 billion, marking a significant milestone for the company. The CEO, Billy Hult, emphasized a strong growth trajectory with a 15% average daily revenue growth in May and a compounded annual growth rate of 16.5% from 2016 to 2025. Management maintained a positive outlook, highlighting the expansion of their international business and the continued shift towards electronic trading, which positions Tradeweb favorably in a growing market.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2.2B (beat) |
| Average Daily Revenue Growth (May) | 15% (beat) |
| International Revenue Growth | 25% (beat) |
| Overall Revenue Growth Rate (2016-2025) | 16.5% (inline) |
| Credit Trading Market Share | null (positive) |
| ETF Business Growth | null (positive) |
Guidance from management
Management expects continued growth in international markets and a strong focus on electronic trading advancements. No specific numerical guidance was provided for the upcoming quarters.
What analysts pressed on
Analysts raised questions about the competitive landscape in credit trading and the potential impact of market volatility on revenue. There are concerns regarding how Tradeweb will maintain its growth trajectory amidst increasing competition.
Main topics on the call
- Revenue Growth and Milestones — Tradeweb achieved over $2.2 billion in revenue for the past year, with a notable average daily revenue growth of nearly 15% in May. Hult stated, "Scale, growth and profitability, like major, like really big things."
- International Business Expansion — The international revenue segment has compounded at roughly 25% annually, with expectations for continued growth. Hult noted, "Our international business shining again, producing nearly 18% year-over-year average daily r...
- Shift to Electronic Trading — Management highlighted the ongoing transition from voice trading to electronic trading as a key growth driver. Hult remarked, "The market goes electronic, that is truly when the innovation of that market like begins."
- Credit Trading Platform Development — Tradeweb has successfully developed its credit trading platform, integrating bank participation to enhance liquidity. Hult emphasized, "Creating a viable credit trading platform as a public company has probably been one ...
Read the full Tradeweb Markets Inc. transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Tradeweb Markets Inc.
Tradeweb Markets Inc. (TW) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 82 calls on record spanning January 14, 2020 to July 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 82 Tradeweb Markets Inc. earnings call transcripts on record, spanning January 14, 2020 to July 30, 2026. Based on this history, Tradeweb Markets Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- TW
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 82
- First call
- January 14, 2020
- Most recent
- July 30, 2026
- Reporting cadence
- quarterly