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• Net income was $206.7 million, up 17.8% year-over-year, with diluted EPS of $0.85.
• Adjusted net income was $228.1 million, up 10.7%, and adjusted diluted EPS was $0.97.
• Average daily volume (ADV) reached $3.0 trillion, up 18.2% year-over-year, with records in rates futures, fully electronic U.S. high yield credit, convertibles/swaps/options, and repurchase agreements.
• The company declared a quarterly cash dividend of $0.14 per share, a 16.7% increase from the prior year period.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The company filed a Certificate of Amendment and a Restated Certificate of Incorporation with the Delaware Secretary of State on May 19, 2026, both effective upon filing.
• Stockholders elected Scott Ganeles, Catherine Johnson, and Daniel Maguire as Class I directors for three-year terms expiring at the 2029 annual meeting.
• Stockholders ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2026.
• Stockholders approved, on an advisory basis, the compensation of named executive officers.

3.03 Material Modification to Rights of Security Holders · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders

• Net income was $233.2 million, up 38.5% year-over-year, with diluted EPS of $0.96.
• Adjusted net income was $255.1 million, up 24.0%, and adjusted diluted EPS was $1.08.
• Adjusted EBITDA was $339.7 million, up 22.1%, with a margin of 55.0%.
• Average daily volume (ADV) was $3.3 trillion, up 31.4% year-over-year, with record ADV in several product categories.
• A quarterly cash dividend of $0.14 per share was declared, a 16.7% increase from the prior year period.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Quarterly net income was $367.1 million, up 129.5% from the prior year period; adjusted net income was $207.0 million, up 14.2%.
• Adjusted EBITDA was $277.3 million with a 53.2% margin, compared to $244.7 million and 52.8% in the prior year period.
• The Board approved a new $500 million share repurchase program, effective after the existing $300.0 million program is exhausted.
• Quarterly cash dividend raised by 16.7% to $0.14 per share.

2.02 Results of Operations and Financial Condition · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• The amendments include amended and restated Data Schedules 1, 2, 4, and 5, while Data Schedule 3 had terminated automatically on October 31, 2024.
• Tradeweb Markets will continue licensing market data, including real-time feeds, for fixed income and derivatives products to LSEG Subscriber in exchange for fixed fees or revenue-based fees.
• The initial license period runs from November 1, 2025 to October 31, 2028, with automatic renewals for up to two additional two-year periods unless notice of non-renewal is given at least 180 days prior to expiration.
• The LSEG Parties are affiliates of London Stock Exchange Group plc, which is the indirect controlling stockholder of Tradeweb Markets Inc.

1.01 Entry into a Material Definitive Agreement

• The renewal is subject to execution of definitive documentation and Board approval; Tradeweb delivered notice to commence a 12-month transition period while finalizing the renewal.
• Tradeweb reported Q3 2025 revenues of $508.6 million, up 13.3% year-over-year, and net income of $210.5 million, up 61.7%.
• The Board declared a quarterly cash dividend of $0.12 per share, a 20% increase from the prior year period, payable December 15, 2025.
• Tradeweb updated full-year 2025 guidance for adjusted expenses to $1,000-1,025 million and LSEG Market Data Contract Revenue to ~$92 million.

1.01 Entry into a Material Definitive Agreement · 2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Net income was $175.5 million, up 28.7% year-over-year, with diluted EPS of $0.71.
• Adjusted EBITDA was $277.9 million, up 28.3% year-over-year, with adjusted EBITDA margin of 54.2%.
• Average daily volume (ADV) reached $2.6 trillion, up 32.7% year-over-year, with records in several product categories.
• The company updated full-year 2025 guidance for adjusted expenses to $1,000-1,050 million, trending toward the middle of the range.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Stockholders ratified Deloitte & Touche LLP as independent auditor for fiscal year 2025, with 1,145,418,451 votes for and 111,027 against.
• The advisory vote on executive compensation was approved with 1,133,780,032 votes for and 9,131,679 against.
• All director nominees received substantial support, with votes for ranging from 1,092,428,913 to 1,137,645,597.
• The report was filed under Item 5.07 to disclose the final voting results of the annual meeting.

5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits