Tradeweb Markets (TW) Shares Outstanding (Diluted) (2018 - 2026)
Tradeweb Markets (TW) posted Shares Outstanding (Diluted) of 212.8 million for Q2 2026, down 1.0% from 214.97 million a year earlier and down 0.2% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Shares Outstanding (Diluted) (2018 - 2026) Analysis & Trends
For FY2025, Tradeweb Markets' Shares Outstanding (Diluted) came in at 214.9 million, unchanged from FY2024.
- Annual Shares Outstanding (Diluted) shows a five-year compound annual growth rate of 2.7% (FY2020 to FY2025).
- In prior years, Tradeweb Markets' Shares Outstanding (Diluted) was 214.92 million in FY2024 (+1.1%), 212.67 million in FY2023 (+2.0%), 208.4 million in FY2022 (+0.6%) and 207.25 million in FY2021 (+10.1%).
- The Q2 2026 figure stands as the lowest quarterly Shares Outstanding (Diluted) since Q4 2023.
- On a year-over-year basis, Shares Outstanding (Diluted) increased in three of the last eight quarters, with an average year-over-year change of 0.0%.
- The strongest year-over-year quarter for Shares Outstanding (Diluted) in the past five years was Q4 2021, with growth of 10.1%; the weakest was Q2 2026, with a decline of 1.0%.
- According to Business Quant data, Shares Outstanding (Diluted) for the three prior quarters was 213.32 million (Q1 2026), 214.9 million (Q4 2025) and 214.98 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - | 912.00 Mn |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - | 692.22 Mn |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - | 361.28 Mn |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - | 566.00 Mn |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn | 567.75 Mn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - | 281.06 Mn |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - | 450.09 Mn |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - | 184.89 Mn |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn | 104.90 Mn |
| 10 | Tradeweb Markets | 23.61 Bn | 16.33 Bn | - | 212.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 212.80 Mn |
| Mar 31, 2026 | 213.32 Mn |
| Dec 31, 2025 | 214.90 Mn |
| Sep 30, 2025 | 214.98 Mn |
| Jun 30, 2025 | 214.97 Mn |
| Mar 31, 2025 | 214.90 Mn |
| Dec 31, 2024 | 214.92 Mn |
| Sep 30, 2024 | 215.10 Mn |
| Jun 30, 2024 | 214.90 Mn |
| Mar 31, 2024 | 214.66 Mn |
| Dec 31, 2023 | 212.67 Mn |
| Sep 30, 2023 | 213.49 Mn |
| Jun 30, 2023 | 213.16 Mn |
| Mar 31, 2023 | 210.14 Mn |
| Dec 31, 2022 | 208.40 Mn |
| Sep 30, 2022 | 208.33 Mn |
| Jun 30, 2022 | 207.27 Mn |
| Mar 31, 2022 | 207.50 Mn |
| Dec 31, 2021 | 207.25 Mn |
| Sep 30, 2021 | 208.20 Mn |
API Access
Tradeweb Markets Shares Outstanding (Diluted) 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-diluted&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();