Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Tradeweb Markets's shares outstanding for the quarter that ended in Mar. 2026 was 213 Mil.
Tradeweb Markets's quarterly shares outstanding
increased
from Dec. 2025 (212 Mil) to Mar. 2026 (213 Mil).
It means Tradeweb Marketsissued new shares from Dec. 2025 to Mar. 2026 .
Tradeweb Markets's annual shares outstanding
declined
from Dec. 2024 (213 Mil) to Dec. 2025 (212 Mil).
It means Tradeweb Marketsbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Tradeweb Markets Shares Outstanding (EOP) Related Terms
Tradeweb Markets Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Tradeweb Markets's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:4T0 vs LPLA, CRCL, IREN: Shares Outstanding (EOP) Comparison
For the Capital Markets subindustry, Tradeweb Markets's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tradeweb Markets Shares Outstanding (EOP) vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tradeweb Markets's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Tradeweb Markets's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 213 Mil mean?
Tradeweb Markets (FRA:4T0) has a Shares Outstanding (EOP) of 213 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Tradeweb Markets and its competitors.
Is Tradeweb Markets' Shares Outstanding (EOP) too high?
Tradeweb Markets' current Shares Outstanding (EOP) is 213 Mil. Overall, Tradeweb Markets has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tradeweb Markets' Shares Outstanding (EOP) compare to LPLA and CRCL?
Tradeweb Markets' Shares Outstanding (EOP) of 213 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Capital Markets company?
A good Shares Outstanding (EOP) depends on the Capital Markets industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Tradeweb Markets and its competitors. Tradeweb Markets's current Shares Outstanding (EOP) is 213 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tradeweb Markets stock overvalued right now?
Based on GuruFocus' analysis, Tradeweb Markets (FRA:4T0) is currently considered Significantly Undervalued. The stock's GF Value™ is €144.47, compared to a current price of €88.62 — trading 38.7% below its estimated fair value. The current Shares Outstanding (EOP) is 213 Mil. Tradeweb Markets' overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Tradeweb Markets (FRA:4T0), the current Shares Outstanding (EOP) is 213 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tradeweb Markets (FRA:4T0) Overvalued in 2026?
Based on GuruFocus' analysis, Tradeweb Markets stock appears to be undervalued.
The current stock price of €88.62 is trading 38.7% below its estimated GF Value™ of €144.47.
GuruFocus considers Tradeweb Markets to be Significantly Undervalued.
Key valuation signals for FRA:4T0:
Shares Outstanding (EOP): 213 Mil
GF Value™: €144.47 vs. price of €88.62 (38.7% below fair value)
No single metric tells the full story. See the FRA:4T0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in US and European government debt, mortgage-backed securities, interest-rate swaps, and US and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv's Eikon service.
94GF Score
Get the complete analysis for FRA:4T0
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:4T0 has been successfully added to your 
