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Tradeweb Markets (TW) Subscription fees revenue by quarter

Tradeweb Markets' Subscription fees revenue was $61.4M in Q3 2026 (third quarter 2026), -0.5% from Q2 2026. Over the last 7 quarters it ranged from $55.8M (Q1 2025) to $61.7M (Q2 2026).

Tradeweb Markets Subscription fees revenue by quarterTradeweb Markets Subscription fees revenue by quarter$55.8MQ1 2025$57.4MQ2 2025$60.8MQ3 2025$60.0MQ4 2025$60.3MQ1 2026$61.7MQ2 2026$61.4MQ3 2026
QuarterSubscription fees revenueQ/QY/Y
Q3 2026$61.4M-0.5%+1%
Q2 2026$61.7M+2%+8%
Q1 2026$60.3M+0.4%+8%
Q4 2025$60.0M-1%—
Q3 2025$60.8M+6%—
Q2 2025$57.4M+3%—
Q1 2025$55.8M——

Q3 2026 at a glance

Tradeweb Markets, Q3 2026: revenue $585M (+15% year over year), operating margin 43.4%, net earnings $197M, operating cash flow $347M. The chart follows the revenue to costs, profit and cash.

Questions

What is Tradeweb Markets' Subscription fees revenue?

Tradeweb Markets' Subscription fees revenue was $61.4M in Q3 2026 (third quarter 2026), -0.5% from Q2 2026.

How has Tradeweb Markets' Subscription fees revenue changed?

Over the last 7 quarters it ranged from $55.8M (Q1 2025) to $61.7M (Q2 2026).

Q3 2026 results → · How Tradeweb Markets makes money →