Electronic trading platform Tradeweb Markets (NASDAQ:TW) reported Q4 CY2025 results beating Wall Street’s revenue expectations , with sales up 12.5% year on year to $521.2 million. Its non-GAAP profit of $0.87 per share was 3% above analysts’ consensus estimates.

Is now the time to buy Tradeweb Markets? Find out in our full research report.

Revenue: $521.2 million vs analyst estimates of $517.2 million (12.5% year-on-year growth, 0.8% beat)

Pre-tax Profit: $456.7 million (87.6% margin)

Adjusted EPS: $0.87 vs analyst estimates of $0.84 (3% beat)

Market Capitalization: $21.52 billion

Founded in 1996 as one of the pioneers in electronic bond trading, Tradeweb Markets (NASDAQ:TW) builds and operates electronic marketplaces that connect financial institutions for trading across rates, credit, equities, and money markets.

A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Tradeweb Markets grew its revenue at an excellent 18.1% compounded annual growth rate. Its growth surpassed the average financials company and shows its offerings resonate with customers, a great starting point for our analysis.

Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Tradeweb Markets’s annualized revenue growth of 23.8% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated.

Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, Tradeweb Markets reported year-on-year revenue growth of 12.5%, and its $521.2 million of revenue exceeded Wall Street’s estimates by 0.8%.

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It was encouraging to see Tradeweb Markets beat analysts’ EBITDA expectations this quarter. We were also glad its EPS outperformed Wall Street’s estimates. Overall, this print had some key positives. The stock traded up 1.7% to $102.50 immediately following the results.

Should you buy the stock or not? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it’s free.