Tradeweb Markets (NASDAQ: TW) reported Q4 EPS of $0.76, $0.01 better than the analyst estimate of $0.75. Revenue for the quarter came in at $463.3 million versus the consensus estimate of $464.82 million.

Full-Year 2025 Guidance*

Adjusted Expenses: $970 - 1,030 million
Acquisition and Refinitiv Transaction related depreciation and amortization expense: $176 million
Assumed non-GAAP tax rate: ~24.5% - 25.5%
Cash capital expenditures and capitalized software development: ~ $99 - 109 million
LSEG Market Data Contract Revenue: ~$90 million

For earnings history and earnings-related data on Tradeweb Markets (TW) click here.