Billy Hult, CEO of Tradeweb Markets (TW), earned $8.0M in total compensation in 2025. Tradeweb Markets receives a Pay-for-Performance grade of A (91/100), with a CEO-to-worker pay ratio of 100:1 and a say-on-pay shareholder approval of 89.7%. The company's 3-year total shareholder return is +40.6%.
How Tradeweb Markets CEO Pay Compares
Billy Hult's $8.0M total compensation is 0% below the Exchanges industry median of $8.0M. The 100:1 CEO-to-worker pay ratio is 0% lower than the industry average of 100:1.
Billy Hult, CEO of Tradeweb Markets (TW), received $8.0M in total reported compensation. The package mix typical at this scale: a small base salary, a larger stock-award component, and performance-tied incentives that vest over multiple years based on relative TSR or earnings benchmarks.
The CEO-to-median-worker pay ratio runs 100x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Performance has been positive over the three-year window: TSR of 40.6% alongside 20.9% revenue growth. Compensation packages tied to relative TSR or absolute return benchmarks would have vested at or near target levels with this performance profile.
Say-on-pay support was strong at 90%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. Tradeweb Markets operates in Exchanges with 1,600 employees and $1.6B in annual revenue, and currently carries a market capitalization of $30.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Tradeweb Markets (TW).
Compensation Breakdown
Billy Hult's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
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Billy Hult, CEO of Tradeweb Markets (TW), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Billy Hult, CEO of Tradeweb Markets (TW), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Tradeweb Markets has a Pay-for-Performance Score of A (91/100). The company's 3-year total shareholder return is +40.6%, and the say-on-pay shareholder vote passed with 89.7% approval.
The CEO-to-median-worker pay ratio at Tradeweb Markets is 100:1. The median worker at Tradeweb Markets earns $80K per year, while CEO Billy Hult earns $8.0M in total compensation.
Tradeweb Markets employs approximately 1,600 people. The company operates in the Exchanges industry within the Financials sector, generating $1.6B in annual revenue.