Tradeweb Markets (TW) Shares Outstanding (Diluted) (2018 - 2026)
Tradeweb Markets (TW) posted Weighted Average Shares Outstanding (Diluted) of 212.8 million for Q3 2026, down 1.0% from 214.98 million a year earlier and unchanged from the prior quarter.
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Analysis
Tradeweb Markets (TW) Shares Outstanding (Diluted) (2018 - 2026) Analysis & Trends
For FY2025, Tradeweb Markets' Weighted Average Shares Outstanding (Diluted) came in at 214.9 million, unchanged from FY2024.
- Annual Weighted Average Shares Outstanding (Diluted) shows a five-year compound annual growth rate of 2.7% (FY2020 to FY2025).
- In prior years, Tradeweb Markets' Weighted Average 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%).
- Quarterly Weighted Average Shares Outstanding (Diluted) has run from a low of 207.25 million in Q4 2021 to a high of 215.1 million in Q3 2024 over five years.
- On a year-over-year basis, Weighted Average Shares Outstanding (Diluted) has declined in each of the last three quarters, with an average decline of 0.2% over the last eight quarters.
- The strongest year-over-year quarter for Weighted Average Shares Outstanding (Diluted) in the past five years was Q4 2021, with growth of 10.1%; the weakest was Q3 2026, with a decline of 1.0%.
- According to Business Quant data, Weighted Average Shares Outstanding (Diluted) for the three prior quarters was 212.8 million (Q2 2026), 213.32 million (Q1 2026) and 214.9 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 358.64 Mn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - | 686.91 Mn |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn | 563.00 Mn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - | 911.00 Mn |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn | 563.31 Mn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - | 279.29 Mn |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn | 104.70 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - | 453.92 Mn |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - | 183.17 Mn |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - | 210.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 210.90 Mn |
| 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 |
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();