Tradeweb Markets Inc. (TW)
NASDAQ: TW · Real-Time Price · USD
123.44
-2.73 (-2.16%)
At close: Mar 18, 2026, 4:00 PM EDT
123.00
-0.44 (-0.36%)
After-hours: Mar 18, 2026, 7:59 PM EDT

Tradeweb Markets Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
921.5569.96419.5359.61273.11
Depreciation & Amortization
250.19220185.35178.88171.31
Stock-Based Compensation
103.5489.6565.1366.6451.94
Other Adjustments
-191.825.03112.5440.2172.66
Change in Receivables
-30.06-44.22-21.08-17.23-22.37
Changes in Accounts Payable
87.1429.762.1910.2-1.9
Changes in Accrued Expenses
24.6956.467.96-0.551.14
Changes in Unearned Revenue
-2.034.582.8-1.99-3.48
Changes in Other Operating Activities
4.48-53.48-28.29-2.9535.6
Operating Cash Flow
1,168897.74746.09632.82578.02
Operating Cash Flow Growth
30.06%20.33%17.90%9.48%30.41%
Capital Expenditures
-40.55-40.96-18.53-23.21-16.88
Purchases of Intangible Assets
-62.54-47.91-43.24-36.88-34.47
Proceeds from Sale of Intangible Assets
15----
Purchases of Investments
-38.44-20.2---
Payments for Business Acquisitions
--860.13-69.71--207.76
Other Investing Activities
---1.29--
Investing Cash Flow
-126.53-969.19-132.77-60.1-259.11
Issuance of Common Stock
-6.7415.2410.1993.1
Repurchase of Common Stock
-104.17-59.05-35.21-99.32-75.68
Net Common Stock Issued (Repurchased)
-104.17-52.31-19.97-89.1317.43
Common Dividends Paid
-102.34-85.23-75.91-66.01-64.57
Other Financing Activities
-100.96-152.72-72.3-121.56-88.96
Financing Cash Flow
-307.48-290.26-168.17-276.7-136.1
Effect of Exchange Rate Changes on Cash and Cash Equivalents
10.8-4.464.09-10.84-2.04
Net Cash Flow
744.44-366.17449.24285.18180.77
Free Cash Flow
1,127856.78727.56609.61561.14
Free Cash Flow Growth
31.55%17.76%19.35%8.64%29.97%
FCF Margin
54.92%49.64%54.37%51.28%52.13%
Free Cash Flow Per Share
5.243.993.422.932.71
Levered Free Cash Flow
1,137717.87516.34469.71412.63
Unlevered Free Cash Flow
979.05728.62538.28499.78450.67
Updated Feb 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q