New York, Feb 6, 2026, 12:57 EST — Regular session
- Tradeweb shares climbed in midday trading as investors absorbed earnings reports and new trading-volume figures
- The brokered fixed-income trading platform boosted its dividend and unveiled a fresh share repurchase authorization
- Next on the agenda: will January’s momentum carry into February, and the key dividend dates in March
Shares of Tradeweb Markets Inc climbed 0.8% to $110.41 in midday trading Friday, following a solid rally the previous day that brought the electronic bond-trading company back into focus for investors.
This matters because Tradeweb’s revenue depends on client activity in rates, credit, and money markets. Investors rely on the company’s monthly volume figures as an early gauge of risk appetite in bonds, often ahead of reports from banks and exchanges.
January proved far from quiet. Tradeweb reported total trading volume soaring to a record $65.5 trillion, while average daily volume (ADV)—the notional value traded each day on its platforms—hit a new high of $3.1 trillion, marking a 26.2% jump from the previous year. 1
Tradeweb posted Q4 revenue of $521.2 million on Thursday, a 12.5% jump from last year, with adjusted diluted EPS hitting $0.87. CEO Billy Hult described the quarter as strong, highlighting the record revenue. Net income attributable to Tradeweb came in at $325 million, boosted by gains from the company’s Canton Coin holdings, according to the release. 2
The company has unveiled a new $500 million share buyback plan without a set end date, set to begin after the current authorization is fully used. According to a filing, $23.2 million was still available under the previous program as of Thursday. The fresh program can be paused or canceled at the company’s discretion. 3
Broker notes came in on Friday. Piper Sandler nudged its price target up to $112 from $110, sticking with a Neutral rating. JPMorgan also raised its target, moving it to $140 from $135, and kept an Overweight rating, TipRanks reported, citing TheFly. 4
Tradeweb’s solid volume gains weren’t a one-off. MarketAxess also hit a January record for average daily volume, highlighting strong demand across credit products. CEO Chris Concannon noted a “record ADV of $18.6 billion” in total credit for the month. 5
That setup can reverse quickly. Platforms reliant on volume often slow down once rate and credit fluctuations ease. Some of the January trends Tradeweb pointed out — such as swaps compression — might bring in fewer fees despite steady notional volumes. The company also recorded a big gain from a digital-asset holding, a category known for rapid swings in either direction.
Traders are keeping an eye on whether January’s momentum extends into February and how fast buybacks pick up once the existing authorization runs out. The next key date is the quarterly dividend: Tradeweb announced $0.14 per share, payable March 16 to shareholders on record as of March 2. 6
