Tradeweb Markets Inc. (FRA:4T0)

Tradeweb Markets Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	630.01	501.51	364.87	309.34	226.83	166.3
Depreciation & Amortization, Total	163.5	147.15	129.54	126.7	124.19	117.69
Stock-Based Compensation	98.6	89.65	65.13	66.64	51.94	39.29
Change in Accounts Receivable	-22.66	-14.9	-50.03	-17.6	-22.25	-11.55
Change in Accounts Payable	75.28	29.76	2.19	10.2	-3.48	11.19
Change in Other Net Operating Assets	13.04	-3.15	8.62	-3.13	33.59	-20.84
Other Operating Activities	46.13	94.15	167.17	90.49	118.94	105.86
Operating Cash Flow	1,094	897.74	746.09	632.82	578.02	443.23
Capital Expenditures	-46.37	-40.96	-18.53	-23.21	-16.88	-11.49
Cash Acquisitions	0.28	-860.13	-69.71	-	-207.76	-
Sale (Purchase) of Intangibles	-59.87	-47.91	-43.24	-36.88	-34.47	-31.05
Investment in Securities	-47.05	-20.2	-	-	-	-20
Other Investing Activities	15	-	-1.29	-	-	-
Investing Cash Flow	-138.01	-969.19	-132.77	-60.1	-259.11	-62.54
Issuance of Common Stock	-	6.74	15.24	10.19	93.1	727.1
Repurchase of Common Stock	-85.93	-107.05	-86.55	-201	-146.7	-76.18
Common Dividends Paid	-98.09	-85.23	-75.91	-66.01	-64.57	-58.09
Other Financing Activities	-38.54	-104.72	-20.96	-19.89	-17.93	-645.53
Financing Cash Flow	-222.56	-290.26	-168.17	-276.7	-136.1	-52.69
Foreign Exchange Rate Adjustments	1.04	-4.46	4.09	-10.84	-2.04	2.56
Net Cash Flow	734.19	-366.17	449.24	285.18	180.77	330.57
Free Cash Flow	1,047	856.78	727.56	609.61	561.14	431.74
Free Cash Flow Growth	24.14%	17.76%	19.35%	8.64%	29.97%	46.24%
Free Cash Flow Margin	52.56%	49.77%	54.45%	51.36%	52.21%	48.38%
Free Cash Flow Per Share	4.87	3.99	3.42	2.92	2.71	2.29
Cash Interest Paid	2.55	2.57	1.31	1.47	-	-
Cash Income Tax Paid	124.94	152.01	28.64	13.2	3.88	19.11

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.