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 by accessing our full research report, it’s free.

Company Overview

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.

Revenue Growth

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%.

Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend.

Key Takeaways from Tradeweb Markets’s Q4 Results

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.

So do we think Tradeweb Markets is an attractive buy at the current price? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).