Tradeweb Markets (NASDAQ: TW) reported Q4 EPS of $0.87, $0.03 better than the analyst estimate of $0.84. Revenue for the quarter came in at $521.2 million versus the consensus estimate of $515.54 million.

Full-Year 2026 Guidance*

Adjusted Expenses: $1,100 - 1,160 million
Acquisition and Refinitiv Transaction related depreciation and amortization expense: $160 million
Assumed non-GAAP tax rate: ~23.5% - 24.5%
Cash capital expenditures and capitalized software development: ~$107 - 117 million
LSEG Market Data Contract Revenue: ~$105 million

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