Tradeweb Markets Inc (NASDAQ:TW), a provider of electronic trading across multiple asset classes, today reported financial results for the quarter ended September 30, 2026.

The company registered $584.5 million in revenues in the third quarter of 2026, an increase of 14.9% (15.4% on a constant currency basis) compared to the prior-year period.

Quarterly international revenues amounted to $258.5 million, an increase of 22.4% (23.8% on a constant current basis) compared to the year-ago period.

The company reported $3.2 trillion in average daily volume (ADV) for the third quarter of 2026, an increase of 22.4% compared to prior year period.

Net income for the period amounted to $224.9 million, whereas adjusted net income was $238.8 million for the quarter, marking increases of 6.8% and 15.6%, respectively, from prior year period.

The company reported diluted earnings per share (“Diluted EPS”) of $0.94 and adjusted diluted earnings per share of $1.02 for the quarter.

Tradeweb declared quarterly cash dividend of $0.14 per share, a 16.7% per share increase from the equivalent period a year earlier.

Billy Hult, CEO of Tradeweb:

“Our third quarter 2026 revenue and volumes reflect the strength and breadth of our global, multi-asset platform, with average daily volume increasing 22.4% year-over-year. Against a backdrop of rising Treasury yields, shifting central bank policy and geopolitical uncertainty, we continued helping clients access liquidity and manage risk while investing in opportunities to drive our long-term growth.

Innovation was a constant across our core and frontier markets. We enhanced Tradeweb Ai-Price with more responsive corporate bond pricing, expanded our Saudi debt market offering, and reached new milestones in digital assets, including transactions involving tokenized U.S. Treasuries and fully on-chain repo. These developments underscore our focus on bringing new efficiencies to trading, settlement and collateral mobility.

In October, we announced our agreement to acquire Trumid, the largest acquisition in our history and a significant step forward in our credit strategy. We’ve always been builders of marketplaces, and this transaction reflects our belief in combining strategic acquisitions with organic innovation. By bringing together Trumid’s differentiated trading protocols and hedge fund relationships with our global reach and institutional network, we see significant opportunities to connect trading across the entire bond lifecycle, develop new solutions with our partners and accelerate innovation in global credit markets.

Our strategy remains focused on solving real challenges for clients, expanding our capabilities and investing in the future of electronic markets.

We believe this approach positions Tradeweb to capture new opportunities and deliver sustainable, long-term growth across a range of market conditions.”