MEDIUM confidence: 100% data completeness, but the composite (55) sits in the indecisive 30–70 range — strong-buy and short calls require a more decisive composite. What does confidence mean?
Technical context for active traders — derived from price, the 50/200-day moving averages, the 52-week range, and recent volume. Not part of the QScore.
Fama-French 5-factor (2×3) + Momentum, monthly OLS with Newey-West errors. Bars show signed factor betas; faded bars/figures aren't statistically significant.
AI classification of policy/regulatory sensitivity from the company's sector, industry, and business description. Exposure/sensitivity only — not a political opinion, a prediction of government action, or investment advice. As of 2026-07-10.
Dated events from the market calendar; the “also watch” items are AI-generated observations from QScoring data. Informational only — not investment advice, and dates can change.
| Metric (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $1.1B— | $1.2B+10.4% | $1.3B+12.6% | $1.7B+29.0% | $2.1B+18.9% |
| EPS (dil.) | $1.09— | $1.48+35.8% | $1.71+15.5% | $2.34+36.8% | $3.78+61.5% |
| Free Cash Flow | $527M— | $573M+8.7% | $684M+19.5% | $857M+25.2% | $1.1B+31.5% |
| Gross Margin | 62.2% | 63.6%+1.5pp | 65.6%+2.0pp | 65.7%+0.1pp | 67.3%+1.7pp |
| Operating Margin | 33.3% | 34.7%+1.4pp | 37.8%+3.1pp | 39.3%+1.5pp | 41.2%+1.9pp |
| Net Margin | 21.1% | 26.0%+4.9pp | 27.3%+1.2pp | 29.1%+1.8pp | 39.6%+10.5pp |
Absolute figures with year-over-year change. Margins show the level with the change in percentage points (pp). “n/m” = not meaningful (prior ≤ 0); ⚠ marks a large percentage off a small base — read the dollar figure.
Avg target $126 (last qtr, 11 analysts) → $129 (last mo, 6) (+2.8%).
Buy-rated share 53% → 53% over ~3 months (-0pp).
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Oct 2026 | $1.01 | $1.02 | +1.0% |
| Jul 2026 | $0.94 | $0.97 | +3.1% |
| Apr 2026 | $1.06 | $1.08 | +1.9% |
| Feb 2026 | $0.85 | $0.87 | +2.6% |
| Oct 2025 | $0.83 | $0.87 | +4.9% |
| Jul 2025 | $0.86 | $0.87 | +1.2% |
| Apr 2025 | $0.86 | $0.86 | +0.5% |
| Feb 2025 | $0.75 | $0.76 | +1.3% |
Net insider -$2.5M over 180 days (0 open-market buys, 4 sells). Insider buying is the informative signal; routine selling is normal.
Short interest, days-to-cover, and institutional-ownership change require a data-plan upgrade (not yet available).
Forward-return IC, quintile spread & hit rate publish on /performance as the tracking panel accrues enough no-look-ahead history.
Net buyback (repurchases less issuance) ÷ market cap, plus trailing dividend yield.
Working the DCF backward: holding the assumptions below, this is the free-cash-flow growth today's price implies over the next 10 years. It is a read on the price's embedded expectations — not a fair-value or target price.
The price implies FCF growth above the analyst consensus of 10.3%/yr (revenue basis).
Base free cash flow $889M (avg FY2023–FY2025; latest year $1.1B) · equity value $26.5B · levered FCF discounted at the cost of equity. Reverse DCF is illustrative, not advice.
The QScore of 55 for Tradeweb Markets indicates a neutral outlook, driven by strong growth and momentum scores, which are offset by a relatively low value score. The stock's growth score is high, driven by revenue growth of 18.9% and EPS growth of 61.4%, while its momentum score is also elevated due to a 12-month return of 16.2% and a 3-month return of 21.3%. The value score is lower, reflecting a P/E of 28.7 and an EV/EBITDA of 16.0, indicating the stock trades at a premium.