Tradeweb Reports Strong Q3 Growth and Innovation as revenues, trading volumes, and global market advancements drive continued success.
Tradeweb Reports Strong Q3 Growth and Innovation as revenues, trading volumes, and global market advancements drive continued success.
Tradeweb Markets Inc. today reports strong Q3 2025 growth, reflecting robust financial expansion for the period ended September 30. The company reported revenue of $508.6 million for the third quarter, representing a 13.3% increase from the same period last year, or 11.3% on a constant currency basis.
Moreover, international revenues climbed to $211.2 million, up 24.8% year-over-year, or 19.7% on a constant currency basis, reflecting the company’s expanding global footprint. During the third quarter, Tradeweb’s average daily volume (ADV) reached an impressive $2.6 trillion, rising 11.8% compared to the previous year. Net income surged by 61.7% to $210.5 million, demonstrating the company’s strong profitability and operational efficiency.
Furthermore, diluted earnings per share stood at $0.86 for the quarter, reinforcing investor confidence in the company’s consistent performance. The Board also declared a quarterly cash dividend of $0.12 per share for both Class A and Class B common stock, payable on December 15, 2025, to stockholders of record as of December 1, 2025.
CEO Billy Hult expressed optimism about the company’s growth trajectory, stating, “We delivered a strong third quarter with record trading volumes and ADV, driven by broad-based growth across rates, equities, and money markets.” He emphasized that, despite “historically low interest-rate volatility and ongoing geopolitical uncertainty,” Tradeweb successfully capitalized on new opportunities and maintained solid momentum.
In addition, the quarter witnessed several technological and market achievements. Tradeweb executed the first fully electronic bilateral multi-asset package list trade and the first fully automated European government bond basis RFQ trade. The firm also advanced its efforts to build more interconnected and liquid markets by collaborating with the Canton Network to offer the first real-time, fully on-chain financing of U.S. Treasuries against USDC.
Alongside other investors, Tradeweb also led Fnality’s Series C funding round, supporting the development of a next-generation global settlement network. Hult added, “These initiatives showcase our central role in shaping the evolution of global markets. As we look ahead to 2026, we’ll remain focused on driving innovation and building a more transparent fixed income marketplace.”
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