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Tradeweb Markets (TW) Transaction fees and commissions revenue by quarter

Tradeweb Markets' Transaction fees and commissions revenue was $492M in Q3 2026 (third quarter 2026), +6% from Q2 2026. Over the last 7 quarters it ranged from $421M (Q3 2025) to $524M (Q1 2026).

Tradeweb Markets Transaction fees and commissions revenue by quarterTradeweb Markets Transaction fees and commissions revenue by quarter$421MQ1 2025$430MQ2 2025$421MQ3 2025$428MQ4 2025$524MQ1 2026$465MQ2 2026$492MQ3 2026
QuarterTransaction fees and commissions revenueQ/QY/Y
Q3 2026$492M+6%+17%
Q2 2026$465M-11%+8%
Q1 2026$524M+22%+24%
Q4 2025$428M+2%—
Q3 2025$421M-2%—
Q2 2025$430M+2%—
Q1 2025$421M——

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' Transaction fees and commissions revenue?

Tradeweb Markets' Transaction fees and commissions revenue was $492M in Q3 2026 (third quarter 2026), +6% from Q2 2026.

How has Tradeweb Markets' Transaction fees and commissions revenue changed?

Over the last 7 quarters it ranged from $421M (Q3 2025) to $524M (Q1 2026).

Q3 2026 results → · How Tradeweb Markets makes money →