TW vs. XYZ: Tradeweb Markets vs. Block Stock Comparison

November 11, 2026

How do Tradeweb Markets (TW) and Block (XYZ) 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

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

Company profile comparison for Tradeweb Markets (TW) and Block (XYZ)
Profile Item	TW	XYZ
Name	Tradeweb Markets Inc. Class A Common Stock	Block Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Financial Services
GICS Sub-Industry	Financial Exchanges & Data	Transaction & Payment Processing Services
Market Capitalization	27.59 billion USD	51.67 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 4, 2019	November 19, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

XYZ

GSPC

Tradeweb Markets (TW) vs. Block (XYZ), 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

Loading price history…

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

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Tradeweb Markets (TW) and Block (XYZ)
Metric	TW	XYZ
Total Return (1Y)	17.01%	35.34%
Total Return (3Y, Annualized)	11.65%	20.17%
Total Return (5Y, Annualized)	6.31%	-17.43%

Risk Profile

Drawdown History

XYZ

GSPC

Tradeweb Markets (TW) vs. Block (XYZ), 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

Loading price history…

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

Risk Metrics

Block (XYZ) has a highly aggressive beta of 2.48, indicating much higher sensitivity to broad-market moves, while Tradeweb Markets (TW) is defensive at 0.54 and tends to be less market-sensitive — a wide gap in beta profiles.

Risk profile metrics for Tradeweb Markets (TW) and Block (XYZ)
Metric	TW	XYZ
Volatility (1Y, Annualized)	30.82%	48.01%
Beta (5Y)	0.54	2.48
Max Drawdown (5Y)	-48.64%	-83.55%
Avg. Volume (3M)	1.37M	4.73M

Risk-Adjusted Performance

Risk-Return Positioning

TW and XYZ 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 Tradeweb Markets (TW) and Block (XYZ)
Metric	TW	XYZ
Sharpe Ratio (1Y)	0.41	0.65
Sortino Ratio (1Y)	0.60	1.03

Profitability

ROE (TTM)

Tradeweb Markets (TW) at 14.46% is around its peer norm for ROE, while Block (XYZ) at 2.02% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.

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%

XYZ

Financial Services industry group

2.02%

Max: 44.78%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
XYZ: 2.02%
Min: -18.71%

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

Net Margin (TTM)

Tradeweb Markets (TW) at 39.86% keeps a top-quartile share of each sales dollar as profit, while Block (XYZ) at 1.80% keeps a bottom-quartile share.

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%

XYZ

Financial Services industry group

1.80%

Max: 62.84%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
XYZ: 1.80%
Min: -28.52%

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

Operating Margin (TTM)

Tradeweb Markets (TW) at 43.30% runs core operations around its industry’s norm, while Block (XYZ) at 6.65% operates in the bottom quartile.

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%

XYZ

Financial Services industry group

6.65%

Max: 107.33%
Q3: 55.90%
Median: 30.09%
Q1: 14.60%
XYZ: 6.65%
Min: -44.34%

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

Profitability Metrics

Profitability metrics for Tradeweb Markets (TW) and Block (XYZ)
Metric	TW	XYZ
ROE (TTM)	14.46%	2.02%
ROA (TTM)	12.57%	1.94%
Net Margin (TTM)	39.86%	1.80%
Operating Margin (TTM)	43.30%	6.65%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Tradeweb Markets (TW) at 18.92% is around its peer norm for revenue growth, while Block (XYZ) at 0.30% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Tradeweb Markets (TW) vs. Block (XYZ): 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 Block (XYZ) at -53.95% is in the bottom quartile, showing a clear gap in earnings momentum.

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

Growth Metrics

Growth metrics for Tradeweb Markets (TW) and Block (XYZ)
Metric	TW	XYZ
Revenue Growth (YoY)	18.92%	0.30%
Revenue Growth (3Y CAGR)	19.97%	11.33%
EPS Growth (YoY)	62.23%	-53.95%
EPS Growth (3Y CAGR)	36.69%	--

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Tradeweb Markets (TW) in Financial Services and Block (XYZ) 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: Tradeweb Markets (TW) in Financial Services and Block (XYZ) 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 Tradeweb Markets (TW) and Block (XYZ)
Metric	TW	XYZ
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Block (XYZ) 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.

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%

XYZ

Financial Services industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

Block (XYZ) 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.

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%

XYZ

Financial Services industry group

0.00%

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

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

Dividend Metrics

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

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Tradeweb Markets (TW) at 29.98 sits in the richer P/E ratio quartile, and Block (XYZ) at 112.47 is richer still, above its industry range.

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

XYZ

Financial Services industry group

112.47

XYZ: 112.47
Max: 45.85
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

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

P/S Ratio (TTM)

Block (XYZ) at 2.01 prices around its industry’s typical P/S ratio, while Tradeweb Markets (TW) at 12.10 clears its benchmark range — TW looks notably rich on sales.

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

XYZ

Financial Services industry group

2.01

Max: 9.23
Q3: 4.57
Median: 2.72
XYZ: 2.01
Q1: 1.28
Min: -0.55

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

P/B Ratio (MRQ)

Block (XYZ) at 2.26 is valued about in line with its industry on P/B ratio, while Tradeweb Markets (TW) at 4.03 carries an above-peer premium to book — TW is pricier on assets.

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

XYZ

Financial Services industry group

2.26

Max: 7.79
Q3: 3.63
XYZ: 2.26
Median: 1.57
Q1: 0.81
Min: -0.39

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

Valuation Metrics

Valuation metrics for Tradeweb Markets (TW) and Block (XYZ)
Metric	TW	XYZ
P/E Ratio (TTM)	29.98	112.47
P/S Ratio (TTM)	12.10	2.01
P/B Ratio (MRQ)	4.03	2.26
Free Cash Flow Yield (TTM)	--	--