Group 1 - The total traded volume on the Tradeweb European-listed ETF marketplace amounted to EUR 86.3 billion [3] - The trading activity reflects a significant engagement in the European ETF market, indicating a robust interest from institutional investors [3] Group 2 - The data is derived from trading activity on the Tradeweb Markets institutional platforms for both European and U.S.-listed ETFs [2]

Core Viewpoint - Tradeweb Markets (TW) has been recognized for its strong execution across various business fronts and enhanced automation capabilities, making it a more attractive platform for clients [1] Group 1: Company Performance - Tradeweb Markets received a buy rating in August 2025, indicating confidence in its operational effectiveness and growth potential [1] - The company's automation capabilities are contributing to a more engaging and "stickier" platform for clients, which may lead to increased customer retention and satisfaction [1] Group 2: Investment Philosophy - The investment approach emphasizes a blend of value investing principles with a focus on long-term growth, aiming to acquire quality companies at a discount to their intrinsic value [1] - The strategy involves holding investments for an extended period to allow for compounding of earnings and shareholder returns [1]

Question-and-Answer SessionSo maybe just to get us started, over the last few years, Tradeweb has grown revenues at a 15% rate organically. So a lot of different markets and asset classes you guys are in, very diversified business. So maybe just very big picture, what gives you confidence that these businesses can continue to grow at these kind of rates in the next few years, medium term?William HultCEO & Director Absolutely. Thanks for having me, Alex. Really appreciate it. Great conference. I was mentioni ...

Tradeweb Markets Conference Summary Company Overview - **Company**: Tradeweb Markets (NasdaqGS:TW) - **Event**: 2026 Conference - **Date**: February 10, 2026 Key Industry Insights - **Revenue Growth**: Tradeweb has achieved organic revenue growth at a rate of 15% over the past few years, indicating a diversified business model across various markets and asset classes [2][4] - **Market Environment**: The company is navigating a macroeconomic landscape characterized by fluctuating interest rates and inflation, which is seen as favorable for their business operations [4][5] - **Deregulation Impact**: The ongoing deregulation in the financial sector is positively influencing the trading performance of banks, which in turn benefits Tradeweb due to its strong partnerships with these institutions [5][6] Core Business Strategies - **Focus on Credit**: Tradeweb aims to solidify its position in the credit market, emphasizing its ability to compete effectively in both investment-grade and high-yield segments [14][36] - **International Expansion**: The company is prioritizing growth in emerging markets and international business, particularly in emerging market swaps and credit [15][16] - **Innovation in Rates**: Continued innovation in the rates complex is a key focus, with expectations for more advancements in technology and market structure [16][18] Competitive Landscape - **Interest Rate Swaps**: Tradeweb's largest business, interest rate swaps, is currently only 30% electronic, indicating significant potential for further electronification and market share growth [20][25] - **U.S. Treasuries**: The company is enhancing its government bonds business through algorithmic trading initiatives, aiming to improve efficiency and compete with established players like Bloomberg [31][32] - **Credit Market Dynamics**: The credit market is becoming increasingly competitive, with a focus on RFQ (Request for Quote) trading as a growth area, leveraging strengths from AiEX and smart search technologies [42][44] Pricing and Market Position - **Pricing Strategy**: Tradeweb acknowledges the importance of pricing in maintaining competitiveness, emphasizing the need for innovation rather than simply undercutting competitors [46][48] - **Market Share Maintenance**: The company is committed to retaining its market share and profitability, particularly in light of high profitability levels among partner banks [48][49] Emerging Technologies - **Tokenization and Digital Assets**: Tradeweb is exploring the tokenization of assets and has invested in the Canton Network to enhance settlement structures and improve market efficiency [50][52] - **AI and Automation**: The company is integrating AI into its operations, with a focus on improving efficiency and enhancing its competitive edge through advanced technology [56][57] Partnerships and Competition - **Non-Bank Liquidity Providers**: Firms like Citadel and Jane Street are becoming significant players in fixed income, presenting both competitive challenges and partnership opportunities for Tradeweb [60][61] - **Collaborative Approach**: Tradeweb aims to maintain strong relationships with these firms while navigating the competitive landscape, focusing on collaborative problem-solving [62][63] M&A Strategy - **M&A Outlook**: Tradeweb is open to pursuing M&A opportunities that align with its culture and strategic goals, while also focusing on organic growth within its existing business lines [70][72] This summary encapsulates the key points discussed during the Tradeweb Markets conference, highlighting the company's strategic focus, market dynamics, and future initiatives.

For the quarter ended December 2025, Tradeweb Markets (TW) reported revenue of $521.18 million, up 12.5% over the same period last year. EPS came in at $0.87, compared to $0.76 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $516.68 million, representing a surprise of +0.87%. The company delivered an EPS surprise of +2.52%, with the consensus EPS estimate being $0.85.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Tradeweb Markets (NasdaqGS:TW) Q4 2025 Earnings call February 05, 2026 09:30 AM ET Company ParticipantsAshley Serrao - Head of Treasury, FP&A, and Investor RelationsBilly Hult - CEOCraig Siegenthaler - Managing Director and North American Head of Diversified FinancialsSara Furber - CFOSimon Clinch - Managing Director and leads Financials ResearchConference Call ParticipantsAlex Kramm - Managing Director and Senior Equity Research AnalystAlexander Blostein - Managing Director and Senior Equity AnalystBradley ...

Tradeweb Markets (NasdaqGS:TW) Q4 2025 Earnings call February 05, 2026 09:30 AM ET Company ParticipantsAshley Serrao - Head of Treasury, FP&A, and Investor RelationsBilly Hult - CEOCraig Siegenthaler - Managing Director and North American Head of Diversified FinancialsSara Furber - CFOSimon Clinch - Managing Director and leads Financials ResearchConference Call ParticipantsAlex Kramm - Managing Director and Senior Equity Research AnalystAlexander Blostein - Managing Director and Senior Equity AnalystBradley ...

Tradeweb Markets (NasdaqGS:TW) Q4 2025 Earnings call February 05, 2026 09:30 AM ET Speaker0Good morning, and welcome to Tradeweb's fourth quarter 2025 earnings conference call. As a reminder, today's call is being recorded and will be available for playback. To begin, I will turn the call over to Head of Treasury, FP&A, and Investor Relations Ashley Serrao. Please go ahead.Speaker1Thank you and good morning. Joining me today for the call are our CEO Billy Hult, who will review our business results and key g ...

4Q25 EARNINGS CONFERENCE CALL FEBRUARY 5, 2026 © 2026 Tradeweb Markets LLC. All rights reserved. 0 52 107 0 182 222 98 182 70 113 112 115 239 178 30 167 101 115 0 61 125 140 214 236 142 204 122 179 179 182 253 212 142 166 140 158 Disclaimers The information in this presentation is current only as of its date and may have changed. We undertake no obligation to update this information in light of new information, future events or otherwise. Basis of Presentation Tradeweb Markets Inc. (unless the context other ...

Tradeweb Markets (TW) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +2.52%. A quarter ago, it was expected that this electronic marketplaces operator would post earnings of $0.83 per share when it actually produced earnings of $0.87, delivering a surprise of +4.82%.Over the last fou ...