Tradeweb Markets (TW) Shares Outstanding (2018 - 2026)
Tradeweb Markets (TW) recorded Shares Outstanding of 212.46 million in Q2 2026, down 0.4% from 213.34 million a year earlier and down 0.1% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Shares Outstanding (2018 - 2026) Analysis & Trends
For FY2025, Tradeweb Markets reported Shares Outstanding of 213.21 million, up 0.1% from FY2024.
- Annual Shares Outstanding has increased for six straight years, with a five-year compound annual growth rate of 3.4% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 213.03 million in FY2024 (+1.1%), 210.8 million in FY2023 (+2.5%), 205.58 million in FY2022 (+2.1%) and 201.42 million in FY2021 (+11.6%).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding since Q4 2023.
- On a year-over-year basis, Shares Outstanding rose in six of the last eight quarters, with growth averaging 0.2%.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 11.6% in Q4 2021, against a decline of 0.4% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 212.69 million (Q1 2026), 213.21 million (Q4 2025) and 213.36 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.95 Bn | 95.05 Bn | - | 360.68 Mn |
| 2 | Robinhood Markets | 92.05 Bn | 73.08 Bn | - | 899.00 Mn |
| 3 | Intercontinental Exchange | 89.75 Bn | 83.48 Bn | - | 564.00 Mn |
| 4 | Nasdaq | 54.11 Bn | 51.54 Bn | 1.50 Bn | 564.16 Mn |
| 5 | Interactive Brokers | 38.07 Bn | 15.18 Bn | - | 447.90 Mn |
| 6 | Cboe Global Markets | 33.28 Bn | 24.93 Bn | 731.60 Mn | 104.70 Mn |
| 7 | LPL Financial Holdings | 25.70 Bn | 21.02 Bn | - | 79.79 Mn |
| 8 | Tradeweb Markets | 25.47 Bn | 17.48 Bn | - | 212.46 Mn |
| 9 | Circle Internet | 22.54 Bn | 16.41 Bn | 288.85 Mn | 248.18 Mn |
| 10 | Xp | 16.20 Bn | -5.63 Bn | 105.39 Mn | 527.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 212.46 Mn |
| Mar 31, 2026 | 212.69 Mn |
| Dec 31, 2025 | 213.21 Mn |
| Sep 30, 2025 | 213.36 Mn |
| Jun 30, 2025 | 213.34 Mn |
| Mar 31, 2025 | 213.09 Mn |
| Dec 31, 2024 | 213.03 Mn |
| Sep 30, 2024 | 213.21 Mn |
| Jun 30, 2024 | 213.16 Mn |
| Mar 31, 2024 | 212.71 Mn |
| Dec 31, 2023 | 210.80 Mn |
| Sep 30, 2023 | 211.62 Mn |
| Jun 30, 2023 | 211.57 Mn |
| Mar 31, 2023 | 208.11 Mn |
| Dec 31, 2022 | 205.58 Mn |
| Sep 30, 2022 | 205.72 Mn |
| Jun 30, 2022 | 204.50 Mn |
| Mar 31, 2022 | 204.06 Mn |
| Dec 31, 2021 | 201.42 Mn |
| Sep 30, 2021 | 202.24 Mn |
API Access
Tradeweb Markets Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();