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 Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 2,115 | 2,085 | 1,340 | 1,706 | 1,257 | 972.05 |
Trading Asset Securities | - | - | - | - | - | 3.02 |
Accounts Receivable | 137.35 | 8.63 | 67.81 | 381.18 | 11.63 | - |
Other Receivables | 335.29 | 270.62 | 230.37 | 168.62 | 145.67 | 133.76 |
Property, Plant & Equipment | 212.06 | 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 | 1,318 | 1,421 | 1,581 | 1,139 | 1,217 | 1,339 |
Investments in Debt & Equity Securities | 245.76 | 24.86 | 10.35 | - | 20 | 21.1 |
Restricted Cash | 1 | 1 | 1 | 1 | 1 | 1 |
Other Current Assets | 264.76 | 58.28 | 54.7 | 36.81 | 23.91 | 20.52 |
Long-Term Deferred Tax Assets | 561.78 | 568.83 | 659.2 | 684.25 | 689.44 | 618.97 |
Other Long-Term Assets | 88.48 | 399.79 | 94.09 | 68.38 | 51.6 | 49.33 |
Total Assets | 8,429 | 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 | 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 |
Accounts Payable | 310.86 | 184.53 | 161.64 | 408.22 | 54.92 | 28.17 |
Accrued Expenses | 230.77 | 251.6 | 225.19 | 165.93 | 157.45 | 167.45 |
Short-Term Debt | - | 6.66 | - | 22.39 | 1 | - |
Current Portion of Leases | 6.06 | 18.27 | - | - | - | - |
Other Current Liabilities | 29 | 39.09 | - | 0.1 | - | 0.2 |
Long-Term Leases | 143.24 | 120.89 | 35.75 | 27.46 | 27.94 | 24.33 |
Long-Term Unearned Revenue | 38.12 | 29.03 | 30.8 | 25.75 | 22.83 | 24.93 |
Long-Term Deferred Tax Liabilities | 48.62 | 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 | 1,095 | 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 | 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 |
Common Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Additional Paid-In Capital | 4,981 | 4,896 | 4,813 | 4,739 | 4,577 | 4,401 |
Retained Earnings | 1,643 | 1,601 | 996.76 | 640.38 | 386.63 | 242.62 |
Comprehensive Income & Other | -1.79 | 10.9 | -9.98 | -5.39 | -10.11 | 1.6 |
Total Common Equity | 6,622 | 6,508 | 5,800 | 5,374 | 4,954 | 4,646 |
Minority Interest | 712.18 | 681.48 | 598.69 | 557.65 | 592.53 | 663.35 |
Shareholders' Equity | 7,334 | 7,189 | 6,399 | 5,931 | 5,546 | 5,309 |
Total Liabilities & Equity | 8,429 | 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 | 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 |
Total Debt | 149.3 | 145.83 | 35.75 | 49.85 | 28.95 | 24.33 |
Net Cash (Debt) | 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 | 9.23 | 9.02 | 6.07 | 7.79 | 5.89 | 4.59 |
Filing Date Shares Outstanding | 209.08 | 212.59 | 213.1 | 212.67 | 208.16 | 203.94 |
Total Common Shares Outstanding | 209.08 | 212.44 | 212.91 | 212.02 | 207.68 | 203.22 |
Working Capital | 2,277 | 1,923 | 1,307 | 1,697 | 1,223 | 931.84 |
Book Value Per Share | 31.67 | 30.63 | 27.24 | 25.35 | 23.85 | 22.86 |
Tangible Book Value | 2,154 | 1,936 | 1,070 | 1,420 | 956.48 | 526.73 |
Tangible Book Value Per Share | 10.30 | 9.11 | 5.02 | 6.70 | 4.61 | 2.59 |