Tradeweb Markets (FRA:4T0) Days Payable: 107.78 (As of Mar. 2026) — 13% Above Median


FRA:4T0 Tradeweb Markets Inc FRA:4T0
94 GF Score
Price €88.62
GF Value €143.00
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Tradeweb Markets Days Payable?

Tradeweb Markets FRA:4T0 +0.91% 94 Days Payable is 107.78 as of Mar. 2026, which is 13% above its 10-year median of 95.34. GuruFocus rates FRA:4T0 with a GF Score™ of 94/100 and a GF Value™ of €143.00 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 541 Capital Markets companies, Tradeweb Markets ranks better than 57.67% on this metric.

Tradeweb Markets's average Accounts Payable for the three months ended in Mar. 2026 was €202 Mil. Tradeweb Markets's Cost of Goods Sold for the three months ended in Mar. 2026 was €171 Mil. Hence, Tradeweb Markets's Days Payable for the three months ended in Mar. 2026 was 107.78.

The historical rank and industry rank for Tradeweb Markets's Days Payable or its related term are showing as below:

FRA:4T0' s Days Payable Range Over the Past 10 Years
Min: 36.65   Med: 95.34   Max: 185.28
Current: 174.45

During the past 10 years, Tradeweb Markets's highest Days Payable was 185.28. The lowest was 36.65. And the median was 95.34.

FRA:4T0's Days Payable is ranked better than
57.67% of 541 companies
in the Capital Markets industry
Industry Median: 91.67 vs FRA:4T0: 174.45

Tradeweb Markets's Days Payable increased from Mar. 2025 (101.97) to Mar. 2026 (107.78). It may suggest that Tradeweb Markets delayed paying its suppliers.


Tradeweb Markets Days Payable Historical Data

* Premium members only.

The historical data trend for Tradeweb Markets's Days Payable 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.

Tradeweb Markets Days Payable Chart

Tradeweb Markets Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.28 39.82 185.96 171.26 100.58

Tradeweb Markets Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.97 250.48 267.86 129.98 107.78

FRA:4T0 vs LPLA, CRCL, IREN: Days Payable Comparison

For the Capital Markets subindustry, Tradeweb Markets's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tradeweb Markets's Days Payable distribution charts can be found below:

* The bar in red indicates where Tradeweb Markets's Days Payable falls into.


FRA:4T0
94GF Score
Tradeweb Markets Inc FRA:4T0
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tradeweb Markets Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Tradeweb Markets's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (155.766 + 159.982) / 2 ) / 572.889*365
=157.874 / 572.889*365
=100.58

Tradeweb Markets's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (159.982 + 244.172) / 2 ) / 171.091*365 / 4
=202.077 / 171.091*365 / 4
=107.78

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 107.78 mean?
Tradeweb Markets (FRA:4T0) has a Days Payable of 107.78 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tradeweb Markets and its competitors. This is 13% above median its historical median of 95.34. Over the past decade, Tradeweb Markets' Days Payable has ranged from 36.65 to 185.28. According to the industry distribution chart, Tradeweb Markets ranks #229 out of 541 companies in the Capital Markets industry, placing it in the top 42.3%.
Is Tradeweb Markets' Days Payable too high?
Tradeweb Markets' current Days Payable of 107.78 is 13% above median its 10-year median of 95.34. Over the past 10 years, this metric has ranged from a low of 36.65 to a high of 185.28. The Capital Markets industry median Days Payable is 91.67. Tradeweb Markets' value of 107.78 is 17.6% above this industry median. Based on the distribution chart, Tradeweb Markets ranks #229 out of 541 companies in the Capital Markets industry, which is above the industry midpoint. 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' Days Payable compare to LPLA and CRCL?
According to the Capital Markets industry distribution chart, Tradeweb Markets ranks #229 out of 541 companies for Days Payable. This puts Tradeweb Markets in the upper half of its industry. The industry median Days Payable is 91.67. Tradeweb Markets' value of 107.78 is 17.6% above this benchmark. Historically, Tradeweb Markets' own Days Payable has ranged from 36.65 to 185.28 over the past decade. While the company's 10-year median is 95.34 vs. the industry median of 91.67, Tradeweb Markets has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Capital Markets company?
The median Days Payable among Capital Markets companies is 91.67, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tradeweb Markets's current Days Payable of 107.78 is 17.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tradeweb Markets and its competitors. For the Capital Markets industry, the median Days Payable is 91.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tradeweb Markets's current Days Payable is 107.78, which is 13% above median its own 10-year median of 95.34. 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 €143.00, compared to a current price of €88.62 — trading 38% below its estimated fair value. The current Days Payable is 107.78, which is 13% above median its 10-year median of 95.34 and 17.6% above the Capital Markets industry median of 91.67. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Tradeweb Markets (FRA:4T0), the current Days Payable is 107.78 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% below its estimated GF Value™ of €143.00. GuruFocus considers Tradeweb Markets to be Significantly Undervalued.

Key valuation signals for FRA:4T0:

  • Days Payable: 107.78 (13% above median its 10-year median of 95.34)
  • GF Value™: €143.00 vs. price of €88.62 (38% below fair value)
  • GF Score™: 94/100 with 1 warning sign
  • Industry Position: 17.6% above the Capital Markets median (#229 of 541)

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.


Tradeweb Markets Business Description

Other Exchanges TW:USA
Address 245 Park Avenue, New York, NY, USA, 10167
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

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€88.62
Price
€143.00
GF Value