Tradeweb Markets Inc. (TW)
NASDAQ: TW · Real-Time Price · USD
132.74
+1.10 (0.84%)
At close: Nov 13, 2026, 4:00 PM EST
132.76
+0.02 (0.02%)
After-hours: Nov 13, 2026, 7:30 PM EST
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 | Sep '26 Sep 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 | 2,280 | 2,050 | 1,722 | 1,336 | 1,187 | 1,075 |
Revenue Growth | 14.45% | 19.10% | 28.85% | 12.57% | 10.43% | 20.45% |
Operating Income Operating Income Growth | 1,005 | 833.4 | 696.95 | 508.72 | 425.77 | 364.01 |
Net Income Net Income Growth | 908.58 | 812.16 | 501.12 | 364.4 | 309.09 | 226.83 |
Earnings Per Share EPS Growth | 4.27 | 3.78 | 2.33 | 1.71 | 1.48 | 1.09 |
EPS Growth | 45.59% | 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 | Sep '26 Sep 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 | 1,705 | 1,509 | 1,275 | 930.25 | 803.47 | 690.59 |
Variable Subscription Fees Variable Subscription Fees Growth | 2 | 1.84 | 1.76 | 1.86 | 1.87 | 1.81 |
Variable Other Fees Variable Other Fees Growth | 15.65 | 13.17 | 2.37 | 1.11 | 0.86 | 0.82 |
Fixed Transaction Fees and Commissions Fixed Transaction Fees and Commissions Growth | 204.03 | 191.02 | 148.91 | 148.1 | 146.8 | 155.76 |
Fixed Subscription Fees Fixed Subscription Fees Growth | 241.43 | 232.18 | 204.9 | 182.12 | 164.05 | 156.64 |
Fixed LSEG Market Data Fees Fixed LSEG Market Data Fees Growth | 102.95 | 93.2 | 82.15 | 64.34 | 62.72 | 61.16 |
Fixed Other Fees Fixed Other Fees Growth | 11.45 | 11.62 | 11.23 | 10.46 | 9.01 | 9.66 |
Revenue (Total) Revenue (Total) Growth | 2,282 | 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 | Sep '26 Sep 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 | 2,115 | 2,085 | 1,340 | 1,706 | 1,257 | 975.07 |
Total Debt Total Debt Growth | 149.3 | 145.83 | 35.75 | 49.85 | 28.95 | 24.33 |
Net Cash (Debt) Net Cash Growth | 1,966 | 1,939 | 1,305 | 1,657 | 1,228 | 950.74 |
Net Cash Growth | 11.64% | 48.63% | -21.25% | 34.87% | 29.19% | 26.19% |
Net Cash Per Share Net Cash Per Share Growth | 9.23 | 9.02 | 6.07 | 7.79 | 5.89 | 4.59 |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 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 | 1,201 | 1,168 | 897.74 | 746.09 | 632.82 | 578.02 |
Capital Expenditures CapEx Growth | -46.65 | -40.55 | -40.96 | -18.53 | -23.21 | -16.88 |
Free Cash Flow Free Cash Flow Growth | 1,155 | 1,127 | 856.78 | 727.56 | 609.61 | 561.14 |
Free Cash Flow Growth | 10.24% | 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 | Sep '26 Sep 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 Margin | 44.07% | 40.64% | 40.48% | 38.07% | 35.87% | 33.87% |
Pretax Margin | 57.88% | 57.30% | 43.82% | 41.01% | 36.83% | 34.42% |
Profit Margin | 39.84% | 39.61% | 29.11% | 27.27% | 26.04% | 21.10% |
FCF Margin | 50.63% | 54.97% | 49.77% | 54.45% | 51.36% | 52.21% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 15, 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 | 16.67% | 20.00% | 11.11% | 12.50% | 0% | 0% |
Dividend Yield | 0.42% | 0.44% | 0.30% | 0.40% | 0.49% | 0.32% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 15, 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 | 31.12 | 28.26 | 55.69 | 52.79 | 43.70 | 89.21 |
Forward PE | 29.01 | 29.25 | 40.59 | 36.63 | 32.09 | 54.81 |
P/FCF Ratio | 26.69 | 20.36 | 32.57 | 26.44 | 22.16 | 36.06 |
PS Ratio | 13.51 | 11.19 | 16.21 | 14.40 | 11.38 | 18.83 |