Stocks Comparison
Intercontinental Exchange vs Tradeweb Markets: revenue, profit, margins and growth compared
Intercontinental Exchange brought in $12.6B of revenue in fiscal 2025, Tradeweb Markets $2.1B in fiscal 2025. Revenue changed by +7.5% at Intercontinental Exchange and +18.9% at Tradeweb Markets on the year before, so Tradeweb Markets grew faster. Intercontinental Exchange kept 26.2% of its revenue as net profit, Tradeweb Markets 39.6%. Free cash flow was $4.3B at Intercontinental Exchange and $1.1B at Tradeweb Markets.
Side by side, latest fiscal year
| ICE | TW | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $12.6B | $2.1B |
| Revenue growth | +7.5% | +18.9% |
| Net income | $3.3B | $812.8M |
| Net margin | 26.2% | 39.6% |
| Free cash flow | $4.3B | $1.1B |
| Free cash flow margin | 33.9% | 54.9% |
| Earnings per share (diluted) | $5.77 | $3.78 |
| Cash | $837M | $2.1B |
| Debt | $19.6B | n/a |
| Price to earnings | 26.7 | 26.8 |
| Market value | $86.6B | $23.7B |
| Dividend yield | 1.24% | 0.47% |
| Rank by revenue in sector | #55 of 444 · Finance | #142 of 444 · Finance |
Over the years
Questions about Intercontinental Exchange and Tradeweb Markets
Which is bigger by revenue, Intercontinental Exchange or Tradeweb Markets?
Intercontinental Exchange is bigger by revenue: $12.6B in fiscal 2025, against $2.1B for Tradeweb Markets in fiscal 2025.
Which keeps more of its revenue as profit, Intercontinental Exchange or Tradeweb Markets?
Intercontinental Exchange had a net margin of 26.2% in fiscal 2025; Tradeweb Markets had 39.6% in fiscal 2025.
Which grew revenue faster, Intercontinental Exchange or Tradeweb Markets?
In their latest fiscal years revenue changed by +7.5% at Intercontinental Exchange and +18.9% at Tradeweb Markets.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.