New York, October 30, 2025 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the quarter ended September 30, 2025.
$508.6 million quarterly revenues, an increase of 13.3% (11.3% on a constant currency basis) compared to prior year period
$211.2 million quarterly international revenues, an increase of 24.8% (19.7% on a constant current basis) compared to prior year period
$2.6 trillion average daily volume (“ADV”) for the quarter, an increase of 11.8% compared to prior year period; quarterly ADV records in mortgages, U.S. swaps/swaptions < 1-year, municipal bonds, equity convertibles/swaps/options and global repurchase agreements
$210.5 million net income and $206.5 million adjusted net income for the quarter, increases of 61.7% and 15.2%, respectively, from prior year period
54.0% adjusted EBITDA margin and $274.4 million adjusted EBITDA for the quarter, compared to 53.4% and $239.8 million respectively for prior year period
$0.86 diluted earnings per share (“Diluted EPS”) and $0.87 adjusted diluted earnings per share for the quarter
$0.12 per share quarterly cash dividend declared, a 20% per share increase from prior year period
Click here to read the full Tradeweb Reports Third Quarter 2025 Financial Results.