Tradeweb posted 2Q26 net income of USD 206.69 million, up 17.8% from a year earlier; diluted EPS rose to USD 0.85.
Revenue climbed 9% to USD 558.95 million, led by rates up 10.2% to USD 302.49 million; market data jumped 22.6% to USD 37.29 million.
Operating income rose 22.7% to USD 245.26 million; adjusted EBITDA (non-GAAP) increased 9.4% to USD 304.14 million.
Volume and business highlights
Average daily volume rose 18.2% to USD 3,013 billion; the company cited quarterly ADV records in rates futures and repurchase agreements.
CEO Billy Hult highlighted rising adoption of Tradeweb AiEX, the launch of TARA for institutional credit trading, and an expanded Kalshi data integration.
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