Tradeweb Markets Inc. (TW)
NASDAQ: TW · Real-Time Price · USD
100.50
+2.70 (2.76%)
Jul 31, 2026, 4:00 PM EDT - Market closed
Tradeweb Markets Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Revenue Revenue Growth | 2,206 | 2,052 | 1,726 | 1,338 | 1,189 | 1,076 |
Revenue Growth | 14.04% | 18.92% | 28.97% | 12.57% | 10.44% | 20.59% |
Gross Profit Gross Profit Growth | 2,206 | 2,052 | 1,726 | 1,338 | 1,189 | 1,076 |
Operating Income Operating Income Growth | 963.9 | 835.34 | 678.03 | 505.27 | 412.57 | 358.83 |
Net Income Net Income Growth | 897.23 | 812.79 | 501.51 | 364.87 | 309.34 | 226.83 |
Earnings Per Share EPS Growth | 4.18 | 3.78 | 2.33 | 1.71 | 1.48 | 1.09 |
EPS Growth | 61.39% | 62.23% | 36.26% | 15.54% | 35.78% | 23.86% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Variable Transaction Fees and Commissions Variable Transaction Fees and Commissions Growth | 1,638 | 1,509 | 1,275 | 930.25 | 803.47 | 690.59 |
Variable Subscription Fees Variable Subscription Fees Growth | 1.94 | 1.84 | 1.76 | 1.86 | 1.87 | 1.81 |
Variable Other Fees Variable Other Fees Growth | 16.63 | 13.17 | 2.37 | 1.11 | 0.86 | 0.82 |
Fixed Transaction Fees and Commissions Fixed Transaction Fees and Commissions Growth | 200.66 | 191.02 | 148.91 | 148.1 | 146.8 | 155.76 |
Fixed Subscription Fees Fixed Subscription Fees Growth | 240.91 | 232.18 | 204.9 | 182.12 | 164.05 | 156.64 |
Fixed LSEG Market Data Fees Fixed LSEG Market Data Fees Growth | 96.94 | 93.2 | 82.15 | 64.34 | 62.72 | 61.16 |
Fixed Other Fees Fixed Other Fees Growth | 11.59 | 11.62 | 11.23 | 10.46 | 9.01 | 9.66 |
Revenue (Total) Revenue (Total) Growth | 2,206 | 2,052 | 1,726 | 1,338 | 1,189 | 1,076 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash & Investments Cash & Investments Growth | 2,058 | 2,085 | 1,340 | 1,706 | 1,257 | 972.05 |
Total Debt Total Debt Growth | 150.34 | 139.17 | 35.75 | 49.08 | 27.94 | 24.33 |
Net Cash (Debt) Net Cash Growth | 1,908 | 1,946 | 1,305 | 1,657 | 1,229 | 947.72 |
Net Cash Growth | 19.39% | 49.14% | -21.29% | 34.83% | 29.71% | 25.22% |
Net Cash Per Share Net Cash Per Share Growth | 8.92 | 9.05 | 6.07 | 7.79 | 5.90 | 4.57 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Operating Cash Flow Operating Cash Flow Growth | 1,196 | 1,168 | 897.74 | 746.09 | 632.82 | 578.02 |
Capital Expenditures CapEx Growth | -51.37 | -40.55 | -40.96 | -18.53 | -23.21 | -16.88 |
Free Cash Flow Free Cash Flow Growth | 1,145 | 1,127 | 856.78 | 727.56 | 609.61 | 561.14 |
Free Cash Flow Growth | 13.70% | 31.55% | 17.76% | 19.35% | 8.64% | 29.97% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Operating Margin | 43.68% | 40.70% | 39.28% | 37.76% | 34.71% | 33.33% |
Pretax Margin | 58.89% | 57.25% | 43.71% | 40.95% | 36.77% | 34.37% |
Profit Margin | 46.12% | 44.90% | 33.02% | 31.35% | 30.25% | 25.37% |
FCF Margin | 51.88% | 54.92% | 49.64% | 54.37% | 51.28% | 52.13% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 1, 2026 | 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 |
Dividend Per Share Dividend Per Share Growth | 0.560 | 0.480 | 0.400 | 0.360 | 0.320 | 0.320 |
Dividend Per Share Growth | 17.39% | 20.00% | 11.11% | 12.50% | 0% | 0% |
Dividend Yield | 0.56% | 0.45% | 0.31% | 0.40% | 0.49% | 0.32% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 1, 2026 | 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 |
PE Ratio | 23.97 | 28.45 | 56.19 | 53.15 | 43.87 | 91.87 |
Forward PE | 23.40 | 29.25 | 40.59 | 36.63 | 32.09 | 54.81 |
P/FCF Ratio | 20.54 | 20.27 | 32.53 | 26.48 | 22.12 | 36.27 |
PS Ratio | 10.67 | 11.13 | 16.15 | 14.40 | 11.34 | 18.91 |