Tradeweb Markets Inc. (TW)

Tradeweb Markets Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2,058	2,085	1,340	1,706	1,257	972.05
Trading Asset Securities	-	-	-	-	-	3.02
Accounts Receivable	11.49	8.63	67.81	381.18	11.63	-
Other Receivables	316.38	270.62	230.37	168.62	145.67	133.76
Property, Plant & Equipment	210.39	201.26	79.52	58.77	62.35	51.56
Goodwill	3,150	3,150	3,150	2,816	2,780	2,780
Other Intangible Assets	1,352	1,421	1,581	1,139	1,217	1,339
Investments in Debt & Equity Securities	186.92	24.86	10.35	-	20	21.1
Restricted Cash	1	1	1	1	1	1
Other Current Assets	285.52	58.28	54.7	36.81	23.91	20.52
Long-Term Deferred Tax Assets	570.16	568.83	659.2	684.25	689.44	618.97
Other Long-Term Assets	108.94	399.79	94.09	68.38	51.6	49.33
Total Assets	8,251	8,190	7,268	7,060	6,260	5,990

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	182.89	184.53	161.64	408.22	54.92	28.17
Accrued Expenses	169.93	251.6	225.19	165.93	157.45	167.45
Short-Term Debt	-	6.66	-	22.39	1	-
Current Portion of Leases	11.95	18.27	-	-	-	-
Other Current Liabilities	29	39.09	-	0.1	-	0.2
Long-Term Leases	138.39	120.89	35.75	27.46	27.94	24.33
Long-Term Unearned Revenue	38.37	29.03	30.8	25.75	22.83	24.93
Long-Term Deferred Tax Liabilities	53.67	50.01	42.89	20.77	21.25	21.01
Other Long-Term Liabilities	288.5	300.23	372.84	457.52	425.72	412.45
Total Liabilities	912.69	1,000	869.11	1,128	713.82	681.24

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	4,932	4,896	4,813	4,739	4,577	4,401
Retained Earnings	1,687	1,601	996.76	640.38	386.63	242.62
Comprehensive Income & Other	15.91	10.9	-9.98	-5.39	-10.11	1.6
Total Common Equity	6,635	6,508	5,800	5,374	4,954	4,646
Minority Interest	703.62	681.48	598.69	557.65	592.53	663.35
Shareholders' Equity	7,338	7,189	6,399	5,931	5,546	5,309
Total Liabilities & Equity	8,251	8,190	7,268	7,060	6,260	5,990

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	150.34	145.83	35.75	49.85	28.95	24.33
Net Cash (Debt)	1,908	1,939	1,305	1,657	1,228	950.74
Net Cash Growth	20.32%	48.63%	-21.25%	34.87%	29.19%	26.19%
Net Cash Per Share	8.92	9.02	6.07	7.79	5.89	4.59
Filing Date Shares Outstanding	210.97	212.59	213.1	212.67	208.16	203.94
Total Common Shares Outstanding	211.07	212.44	212.91	212.02	207.68	203.22
Working Capital	2,279	1,923	1,307	1,697	1,223	931.84
Book Value Per Share	31.43	30.63	27.24	25.35	23.85	22.86
Tangible Book Value	2,132	1,936	1,070	1,420	956.48	526.73
Tangible Book Value Per Share	10.10	9.11	5.02	6.70	4.61	2.59

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 20, 2026

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