CPAY vs. TW: Corpay vs. Tradeweb Markets Stock Comparison

November 11, 2026

How do Corpay (CPAY) and Tradeweb Markets (TW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Corpay (CPAY) and Tradeweb Markets (TW) both fall under the Financial Services industry group, but CPAY is classified in Financial Services while TW is classified in Capital Markets.

Company profile comparison for Corpay (CPAY) and Tradeweb Markets (TW)
Profile Item	CPAY	TW
Name	Corpay Inc.	Tradeweb Markets Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Financial Services	Capital Markets
GICS Sub-Industry	Transaction & Payment Processing Services	Financial Exchanges & Data
Market Capitalization	29.12 billion USD	27.59 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	December 15, 2010	April 4, 2019
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CPAY

GSPC

Corpay (CPAY) vs. Tradeweb Markets (TW), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Corpay (CPAY) and Tradeweb Markets (TW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Corpay (CPAY) and Tradeweb Markets (TW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Corpay (CPAY) and Tradeweb Markets (TW)
Metric	CPAY	TW
Total Return (1Y)	65.09%	17.01%
Total Return (3Y, Annualized)	25.90%	11.65%
Total Return (5Y, Annualized)	13.34%	6.31%

Risk Profile

Drawdown History

CPAY

GSPC

Corpay (CPAY) vs. Tradeweb Markets (TW), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Corpay (CPAY) and Tradeweb Markets (TW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Corpay (CPAY) and Tradeweb Markets (TW)
Metric	CPAY	TW
Volatility (1Y, Annualized)	36.03%	30.82%
Beta (5Y)	0.87	0.54
Max Drawdown (5Y)	-37.33%	-48.64%
Avg. Volume (3M)	489.47K	1.37M

Risk-Adjusted Performance

Risk-Return Positioning

CPAY and TW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Corpay (CPAY) and Tradeweb Markets (TW)
Metric	CPAY	TW
Sharpe Ratio (1Y)	1.69	0.41
Sortino Ratio (1Y)	2.83	0.60

Profitability

ROE (TTM)

Corpay (CPAY) at 32.21% sits in the top ROE quartile, while Tradeweb Markets (TW) at 14.46% is closer to the peer norm — stronger capital efficiency for CPAY.

CPAY

Financial Services industry group

32.21%

Max: 44.78%
CPAY: 32.21%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

TW

Financial Services industry group

14.46%

Max: 44.78%
Q3: 21.85%
TW: 14.46%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Tradeweb Markets (TW) at 39.86% retains a top-quartile share of revenue as profit, ahead of Corpay (CPAY) at 23.73%, which keeps about the industry-typical share.

CPAY

Financial Services industry group

23.73%

Max: 62.84%
Q3: 28.05%
CPAY: 23.73%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

TW

Financial Services industry group

39.86%

Max: 62.84%
TW: 39.86%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Corpay (CPAY) at 49.15% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CPAY

Financial Services industry group

49.15%

Max: 107.33%
Q3: 55.90%
CPAY: 49.15%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

TW

Financial Services industry group

43.30%

Max: 107.33%
Q3: 55.90%
TW: 43.30%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Corpay (CPAY) and Tradeweb Markets (TW)
Metric	CPAY	TW
ROE (TTM)	32.21%	14.46%
ROA (TTM)	6.80%	12.57%
Net Margin (TTM)	23.73%	39.86%
Operating Margin (TTM)	49.15%	43.30%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Corpay (CPAY) at 13.93% and Tradeweb Markets (TW) at 18.92% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Tradeweb Markets (TW) at 62.23% sits in the top EPS growth quartile, while Corpay (CPAY) at 7.59% is closer to the peer norm — faster per-share earnings growth for TW.

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Corpay (CPAY) and Tradeweb Markets (TW)
Metric	CPAY	TW
Revenue Growth (YoY)	13.93%	18.92%
Revenue Growth (3Y CAGR)	9.73%	19.97%
EPS Growth (YoY)	7.59%	62.23%
EPS Growth (3Y CAGR)	6.56%	36.69%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Corpay (CPAY) in Financial Services and Tradeweb Markets (TW) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Corpay (CPAY) in Financial Services and Tradeweb Markets (TW) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Corpay (CPAY) and Tradeweb Markets (TW)
Metric	CPAY	TW
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Corpay (CPAY) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Tradeweb Markets (TW) reports a yield of 0.42%, ranking against industry peers normally.

CPAY

Financial Services industry group

0.00%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
CPAY: 0.00%
Q1: 0.00%
Min: 0.00%

TW

Financial Services industry group

0.42%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
TW: 0.42%
Q1: 0.00%
Min: 0.00%

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Corpay (CPAY) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Tradeweb Markets (TW) reports a payout of 12.68%, ranking against industry peers normally.

CPAY

Financial Services industry group

0.00%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
CPAY: 0.00%
Q1: 0.00%
Min: 0.00%

TW

Financial Services industry group

12.68%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
TW: 12.68%
Q1: 0.00%
Min: 0.00%

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Corpay (CPAY) and Tradeweb Markets (TW)
Metric	CPAY	TW
Dividend Yield (TTM)	0.00%	0.42%
Dividend Payout Ratio (TTM)	0.00%	12.68%

Valuation

P/E Ratio (TTM)

Both Corpay (CPAY) at 25.02 and Tradeweb Markets (TW) at 29.98 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

CPAY

Financial Services industry group

25.02

Max: 45.85
CPAY: 25.02
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

TW

Financial Services industry group

29.98

Max: 45.85
TW: 29.98
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Corpay (CPAY) at 5.57 sits in the upper P/S ratio quartile, and Tradeweb Markets (TW) at 12.10 prices even higher, above its industry range.

CPAY

Financial Services industry group

5.57

Max: 9.23
CPAY: 5.57
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

TW

Financial Services industry group

12.10

TW: 12.10
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Tradeweb Markets (TW) at 4.03 sits in the upper P/B ratio quartile, and Corpay (CPAY) at 8.89 prices even higher, above its industry range.

CPAY

Financial Services industry group

8.89

CPAY: 8.89
Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

TW

Financial Services industry group

4.03

Max: 7.79
TW: 4.03
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

Corpay (CPAY) vs. Tradeweb Markets (TW): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Corpay (CPAY) and Tradeweb Markets (TW)
Metric	CPAY	TW
P/E Ratio (TTM)	25.02	29.98
P/S Ratio (TTM)	5.57	12.10
P/B Ratio (MRQ)	8.89	4.03
Free Cash Flow Yield (TTM)	--	--