Tradeweb Markets Balance Sheet

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	Mar '26 Mar 31, 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 & Equivalents	1,937	2,085	1,340	1,706	1,257	972.05
Cash & Short-Term Investments	1,937	2,085	1,340	1,706	1,257	972.05
Cash Growth	48.29%	55.54%	-21.46%	35.73%	29.34%	22.84%
Accounts Receivable	482.26	266.48	290.07	549.59	154.31	129.94
Other Current Assets	58.35	59.28	55.7	37.81	24.91	21.52
Total Current Assets	2,478	2,411	1,686	2,294	1,436	1,124
Net Property, Plant & Equipment	203.84	201.26	79.52	58.77	62.35	51.56
Other Intangible Assets	1,383	1,418	1,578	1,136	1,215	1,336
Goodwill	3,150	3,150	3,150	2,816	2,780	2,780
Long-Term Investments	296.16	292	11.21	-	-	-
Other Long-Term Assets	784.69	717.38	763.46	755.26	766.43	698.64
Total Assets	8,296	8,190	7,268	7,060	6,260	5,990
Accounts Payable	282.28	187.33	163.11	409.37	57.95	38.83
Accrued Expenses	110.9	251.17	222.96	164.33	150.88	154.82
Short-Term Debt	-	-	-	21.61	-	-
Unearned Revenue	54.24	29.03	30.8	25.75	22.83	24.93
Total Current Liabilities	447.42	467.53	416.87	621.05	231.67	218.59
Long-Term Leases	142.83	139.17	35.75	27.46	27.94	24.33
Other Long-Term Liabilities	395.86	393.62	416.5	479.62	454.21	438.32
Total Long-Term Liabilities	538.69	532.79	452.24	507.08	482.15	462.65
Total Liabilities	986.11	1,000	869.11	1,128	713.82	681.24
Common Stock	0	0	0	0	0	0
Additional Paid-in Capital	4,886	4,896	4,813	4,739	4,577	4,401
Accumulated Other Comprehensive Income	7.93	10.9	-9.98	-5.39	-10.11	1.6
Retained Earnings	1,726	1,601	996.76	640.38	386.63	242.62
Total Common Shareholders' Equity	6,620	6,508	5,800	5,374	4,954	4,646
Minority Interest	689.38	681.48	598.69	557.65	592.53	663.35
Shareholders' Equity	7,310	7,189	6,399	5,931	5,546	5,309
Total Liabilities & Equity	8,296	8,190	7,268	7,060	6,260	5,990
Total Debt	142.83	139.17	35.75	49.08	27.94	24.33
Net Cash (Debt)	1,794	1,946	1,305	1,657	1,229	947.72
Net Cash Growth	-7.77%	49.14%	-21.29%	34.83%	29.71%	25.22%
Net Cash Per Share	8.37	9.05	6.07	7.79	5.90	4.57
Book Value	6,620	6,508	5,800	5,374	4,954	4,646
Book Value Per Share	30.86	30.28	26.99	25.27	23.77	22.41
Tangible Book Value	2,087	1,939	1,072	1,422	958.88	529.12
Tangible Book Value Per Share	9.73	9.02	4.99	6.69	4.60	2.55

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q