Tradeweb Markets Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Interest Expense	1.94	4.28	2.05	1.81	1.59
Net Interest Income	-1.94	-4.28	-2.05	-1.81	-1.59
Other Revenue	2,052	1,726	1,338	1,189	1,076
Revenue	2,050	1,722	1,336	1,187	1,075
Revenue Growth (YoY)	19.10%	28.85%	12.57%	10.43%	20.45%
Salaries & Employee Benefits	670.83	588.59	460.31	417.42	405.56
Cost of Services Provided	296.07	216.13	181.8	164.91	133.98
Total Operating Expenses	1,217	1,025	827.45	761.21	710.85
Operating Income	833.4	696.95	508.72	425.77	364.01
Currency Exchange Gains	-	-	-1.29	-	-
Other Non-Operating Income (Expenses)	348.58	81.95	57.15	27.37	12.75
EBT Excluding Unusual Items	1,181	778.9	564.58	453.13	376.76
Merger & Restructuring Charges	-	-20.5	-5.5	-	-5.07
Gain (Loss) on Sale of Investments	-6.5	-1.3	-11.1	-1	-
Other Unusual Items	-	-2.7	-	-15	-1.7
Pretax Income	1,175	754.4	547.98	437.13	369.98
Income Tax Expense	253.47	184.44	128.48	77.52	96.88
Earnings From Continuing Ops.	921.5	569.96	419.5	359.61	273.11
Minority Interest in Earnings	-108.71	-68.46	-54.64	-50.28	-46.28
Net Income	812.79	501.51	364.87	309.34	226.83
Preferred Dividends & Other Adjustments	0.64	0.39	0.47	0.24	-
Net Income to Common	812.16	501.12	364.4	309.09	226.83
Net Income Growth	62.07%	37.45%	17.95%	36.38%	36.40%
Shares Outstanding (Basic)	213	213	211	206	201
Shares Outstanding (Diluted)	215	215	213	208	207
Shares Change (YoY)	-0.01%	1.06%	2.05%	0.55%	10.11%
EPS (Basic)	3.81	2.35	1.73	1.50	1.13
EPS (Diluted)	3.78	2.33	1.71	1.48	1.09
EPS Growth	62.23%	36.26%	15.54%	35.78%	23.86%
Free Cash Flow	1,127	856.78	727.56	609.61	561.14
Free Cash Flow Per Share	5.25	3.99	3.42	2.92	2.71
Dividend Per Share	0.480	0.400	0.360	0.320	0.320
Dividend Growth	20.00%	11.11%	12.50%	-	-
Operating Margin	40.64%	40.48%	38.07%	35.87%	33.87%
Profit Margin	39.61%	29.11%	27.27%	26.04%	21.10%
Free Cash Flow Margin	54.97%	49.77%	54.45%	51.36%	52.21%
Effective Tax Rate	21.57%	24.45%	23.45%	17.73%	26.18%
Revenue as Reported	2,052	1,726	1,338	1,189	1,076

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q