Tradeweb reported October 29 that third-quarter revenue rose 14.9% to $584.5 million, with international revenue increasing 22.4% to $258.5 million.
Average daily trading volume reached approximately $3.2 trillion, up 22.4% from a year earlier. The company operates electronic marketplaces spanning interest rates, credit, equities and money markets.
Net income increased 6.8% to $224.9 million. Income attributable to Tradeweb Markets Inc., after noncontrolling interests, was $197.5 million. Diluted earnings were 94 cents per share, while adjusted diluted earnings were $1.02.
Revenue from rates trading increased 18.2% to $324.5 million, and credit revenue rose 9.6% to $133 million. Equities revenue grew 28.8% to $38.4 million.
The board declared a 14-cent dividend payable December 15 to shareholders recorded December 1. Tradeweb held $2.1 billion in cash at September-end.
The results also discussed its previously announced agreement to acquire Trumid for approximately $1.97 billion. That transaction remains targeted for the first half of 2027, subject to regulatory approval and other closing conditions; it has not closed.
Sources: Tradeweb — October 29 Earnings Release: https://www.businesswire.com/news/home/20261027703601/en/Tradeweb-Reports-Third-Quarter-2026-Financial-Results