WS Investor
06 Feb 2026, 04:19
Tradeweb Markets Inc. reported strong fourth-quarter and full-year 2025 results, driven by higher trading activity across multiple asset classes. Fourth-quarter revenues rose 12.5% year over year to $521.2 million, supported by a 23.3% increase in average daily volume to $2.8 trillion, with record quarterly volumes in European government bonds, longer-dated swaps and swaptions, U.S. ETFs, and global repurchase agreements. International revenues climbed 16.8% to $220.2 million.
Net income for the quarter surged 129.5% to $367.1 million, while adjusted net income increased 14.2% to $207.0 million. Adjusted EBITDA reached $277.3 million, representing a 53.2% margin, compared with 52.8% a year earlier. Diluted EPS was $1.51, with adjusted diluted EPS of $0.87. Tradeweb also announced a 16.7% increase in its quarterly cash dividend to $0.14 per share and authorized a new $500 million share repurchase program.
Source: Tradeweb Markets Inc. press release
Net income for the quarter surged 129.5% to $367.1 million, while adjusted net income increased 14.2% to $207.0 million. Adjusted EBITDA reached $277.3 million, representing a 53.2% margin, compared with 52.8% a year earlier. Diluted EPS was $1.51, with adjusted diluted EPS of $0.87. Tradeweb also announced a 16.7% increase in its quarterly cash dividend to $0.14 per share and authorized a new $500 million share repurchase program.
Source: Tradeweb Markets Inc. press release
