---
schema_version: "secwatch.filing_event.v1"
accession: "0001758730-21-000025"
form_type: "8-K"
ticker: "TW"
cik: "0001758730"
company_name: "Tradeweb Markets Inc."
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T16:54:45.109144+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tradeweb Q3 revenue $307M (+10% YoY); adjusted EPS $0.37 beats $0.35

## Summary
- Revenue $307M, up 10% YoY; GAAP net income $58M ($0.24 diluted EPS) vs $71M ($0.30) prior year.
- Adjusted net income $88M ($0.37 adj. diluted EPS) vs $82M ($0.35); adjusted EBITDA $127M.
- Record average daily volume $874B (+17% YoY); quarterly record in fully electronic US high-grade credit.
- Declared quarterly dividend of $0.08/share, payable Dec 15, 2021 to holders of record Dec 1.
- GAAP results include a $5.2M non-cash tax benefit.

## SEC filing metadata
- accession: 0001758730-21-000025
- form_type: 8-K
- ticker: TW
- cik: 0001758730
- company_name: Tradeweb Markets Inc.
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758730/000175873021000025/0001758730-21-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758730/000175873021000025/tw-20211028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758730-21-000025
- JSON: https://secwatch.observer/filing/0001758730-21-000025.json
- Plain text: https://secwatch.observer/filing/0001758730-21-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.