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
Cash & Short-Term Investments	2,085	1,340	1,706	1,257	972.05
Cash Growth	55.54%	-21.46%	35.73%	29.34%	22.84%
Accounts Receivable	266.48	290.07	549.59	154.31	129.94
Other Current Assets	59.28	55.7	37.81	24.91	21.52
Total Current Assets	2,410	1,686	2,294	1,436	1,124
Net Property, Plant & Equipment	201.26	79.52	58.77	62.35	51.56
Other Intangible Assets	1,418	1,578	1,136	1,215	1,336
Goodwill	3,150	3,150	2,816	2,780	2,780
Long-Term Investments	292	11.21	-	-	-
Other Long-Term Assets	717.38	763.46	755.26	766.43	698.64
Total Assets	8,190	7,268	7,060	6,260	5,990
Accounts Payable	187.33	163.11	409.37	57.95	38.83
Accrued Expenses	251.17	222.96	164.33	150.88	154.82
Short-Term Debt	-	-	21.61	-	-
Unearned Revenue	29.03	30.8	25.75	22.83	24.93
Total Current Liabilities	467.53	416.87	621.05	231.67	218.59
Long-Term Leases	139.17	35.75	27.46	27.94	24.33
Other Long-Term Liabilities	393.62	416.5	479.62	454.21	438.32
Total Long-Term Liabilities	532.79	452.24	507.08	482.15	462.65
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
Accumulated Other Comprehensive Income	10.9	-9.98	-5.39	-10.11	1.6
Retained Earnings	1,601	996.76	640.38	386.63	242.62
Total Common Shareholders' 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	139.17	35.75	49.08	27.94	24.33
Net Cash (Debt)	1,946	1,305	1,657	1,229	947.72
Net Cash Growth	49.14%	-21.29%	34.83%	29.71%	25.22%
Net Cash Per Share	9.05	6.07	7.79	5.90	4.57
Book Value	6,508	5,800	5,374	4,954	4,646
Book Value Per Share	30.28	26.99	25.27	23.77	22.41
Tangible Book Value	1,939	1,072	1,422	958.88	529.12
Tangible Book Value Per Share	9.02	4.99	6.69	4.60	2.55

Updated Feb 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q