Tradeweb Markets Balance Sheet

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
Cash & Equivalents	2,085	1,340	1,706	1,257	972.05
Trading Asset Securities	-	-	-	-	3.02
Accounts Receivable	8.63	67.81	381.18	11.63	-
Other Receivables	270.62	230.37	168.62	145.67	133.76
Property, Plant & Equipment	201.26	79.52	58.77	62.35	51.56
Goodwill	3,150	3,150	2,816	2,780	2,780
Other Intangible Assets	1,421	1,581	1,139	1,217	1,339
Investments in Debt & Equity Securities	24.86	10.35	-	20	21.1
Restricted Cash	1	1	1	1	1
Other Current Assets	58.28	54.7	36.81	23.91	20.52
Long-Term Deferred Tax Assets	568.83	659.2	684.25	689.44	618.97
Other Long-Term Assets	399.79	94.09	68.38	51.6	49.33
Total Assets	8,190	7,268	7,060	6,260	5,990
Accounts Payable	184.53	161.64	408.22	54.92	28.17
Accrued Expenses	251.6	225.19	165.93	157.45	167.45
Short-Term Debt	6.66	-	22.39	1	-
Current Portion of Leases	18.27	-	-	-	-
Other Current Liabilities	39.09	-	0.1	-	0.2
Long-Term Leases	120.89	35.75	27.46	27.94	24.33
Long-Term Unearned Revenue	29.03	30.8	25.75	22.83	24.93
Long-Term Deferred Tax Liabilities	50.01	42.89	20.77	21.25	21.01
Other Long-Term Liabilities	300.23	372.84	457.52	425.72	412.45
Total Liabilities	1,000	869.11	1,128	713.82	681.24
Common Stock	0	0	0	0	0
Additional Paid-In Capital	4,896	4,813	4,739	4,577	4,401
Retained Earnings	1,601	996.76	640.38	386.63	242.62
Comprehensive Income & Other	10.9	-9.98	-5.39	-10.11	1.6
Total Common Equity	6,508	5,800	5,374	4,954	4,646
Minority Interest	681.48	598.69	557.65	592.53	663.35
Shareholders' Equity	7,189	6,399	5,931	5,546	5,309
Total Liabilities & Equity	8,190	7,268	7,060	6,260	5,990
Total Debt	145.83	35.75	49.85	28.95	24.33
Net Cash (Debt)	1,939	1,305	1,657	1,228	950.74
Net Cash Growth	48.63%	-21.25%	34.87%	29.19%	26.19%
Net Cash Per Share	9.02	6.07	7.79	5.89	4.59
Filing Date Shares Outstanding	212.59	213.1	212.67	208.16	203.94
Total Common Shares Outstanding	212.44	212.91	212.02	207.68	203.22
Working Capital	1,923	1,307	1,697	1,223	931.84
Book Value Per Share	30.63	27.24	25.35	23.85	22.86
Tangible Book Value	1,936	1,070	1,420	956.48	526.73
Tangible Book Value Per Share	9.11	5.02	6.70	4.61	2.59

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

SEC Filings: 10-K · 10-Q