---
schema_version: "secwatch.filing_event.v1"
accession: "0001758730-25-000107"
form_type: "8-K"
ticker: "TW"
cik: "0001758730"
company_name: "Tradeweb Markets Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:33:19.772245+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tradeweb Q1 revenue $465M (+30.7% YoY), diluted EPS $0.83, record volumes

## Summary
- Revenue of $465M, up 30.7% YoY; net income $148.2M; diluted EPS $0.83; adjusted diluted EPS $0.89.
- Record average daily volume $2.41 trillion (+49% YoY); record daily trades 2.7M (+56%).
- Fully electronic U.S. credit and international credit drove growth; rates market share gains continued.
- Reaffirmed 2025 outlook, expecting continued expansion and innovation.

## SEC filing metadata
- accession: 0001758730-25-000107
- form_type: 8-K
- ticker: TW
- cik: 0001758730
- company_name: Tradeweb Markets Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758730/000175873025000107/0001758730-25-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758730/000175873025000107/tw-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758730-25-000107
- JSON: https://secwatch.observer/filing/0001758730-25-000107.json
- Plain text: https://secwatch.observer/filing/0001758730-25-000107.txt

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