Tradeweb Markets Inc. (TW) reported third-quarter 2026 revenue of $584.5 million, up 14.9% from a year earlier, while net income rose 6.8% to $224.9 million. Diluted earnings per share were $0.94, compared with $0.86 in the prior-year quarter.
Average daily volume increased 22.4% year over year to $3.2 trillion. Tradeweb also announced an agreement to acquire electronic credit marketplace Trumid for approximately $1.97 billion.
- Rates revenue increased 18.2% to $324.5 million; credit revenue increased 9.6% to $133.0 million.
- Operating income rose 20.5% to $253.4 million.
- Cash and cash equivalents were $2.1 billion as of September 30, 2026.
- The board declared a quarterly cash dividend of $0.14 per share, payable December 15, 2026.
- Tradeweb updated full-year adjusted-expense guidance to $1.155 billion to $1.175 billion.
$TW Insider Trading Activity
$TW insiders have traded $TW stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $TW stock by insiders over the last 6 months:
- JUSTIN PETERSON (Chief Technology Officer) sold 21,221 shares for an estimated $2,164,542
- STEVEN BERNS sold 425 shares for an estimated $44,735
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$TW Hedge Fund Activity
We have seen 293 institutional investors add shares of $TW stock to their portfolio, and 285 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LINONIA PARTNERSHIP LP removed 2,791,246 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $278,175,576
- CANTILLON CAPITAL MANAGEMENT LLC removed 2,258,052 shares (-95.4%) from their portfolio in Q2 2026, for an estimated $225,037,462
- CARMIGNAC GESTION added 1,590,600 shares (+69.6%) to their portfolio in Q2 2026, for an estimated $158,519,196
- PRICE T ROWE ASSOCIATES INC /MD/ added 1,436,428 shares (+9.6%) to their portfolio in Q2 2026, for an estimated $143,154,414
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,399,144 shares (+73.6%) to their portfolio in Q2 2026, for an estimated $139,438,691
- WELLINGTON MANAGEMENT GROUP LLP removed 1,300,121 shares (-17.3%) from their portfolio in Q2 2026, for an estimated $129,570,058
- UBS GROUP AG removed 1,182,404 shares (-61.3%) from their portfolio in Q2 2026, for an estimated $117,838,382
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
