Tradeweb Reports Second Quarter 2026 Financial Results

Published: July 31, 2026

Tradeweb has reported second quarter 2026 financial results, including quarterly revenues of $558.9 million, up 9.0% (8.3% on a constant currency basis) from the prior year period, and $3.0 trillion in average daily volume for the quarter, an increase of 18.2% year-over-year.

Billy Hult, CEO of Tradeweb commented “Our second quarter results reflect the resilience and diversification of our global, multi-asset platform, with strong volume growth across the business despite more normalized volatility compared to the first quarter of 2026. International revenue continued to accelerate, and client adoption of Tradeweb AiEX continued to increase as clients further embedded automation into their trading workflows — a trend that continues to reinforce the long-term structural shift toward electronic trading.

In our core markets, we advanced our credit offering with the launch of TARA, our first generative AI-powered research assistant for institutional credit trading, and the introduction of spread trading for European credit portfolios, enabling clients to execute at the portfolio level within a single, integrated workflow. We also announced the adoption of Tradeweb's iNAV by Xtrackers across its European-listed ETFs, highlighting our commitment to supporting more efficient ETF trading and building confidence across the broader market.

In frontier markets, we deepened our partnership with Kalshi, integrating prediction market data and a dedicated pricing index into institutional trading workflows, while continuing to invest in our digital asset capabilities on the Canton Network. Together, these initiatives reflect our commitment to investing in the technologies and partnerships that we believe will define the next phase of electronic trading.

With a strong foundation across our core and emerging products, we remain focused on delivering for our clients and driving durable, long-term growth."