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Tradeweb Markets Inc. (TW)
NASDAQ: TW · Real-Time Price · USD
106.10
+2.80 (2.71%)
At close: Aug 20, 2026, 4:00 PM EDT
106.48
+0.38 (0.36%)
After-hours: Aug 20, 2026, 7:49 PM EDT

Tradeweb Markets Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
897.23812.79501.51364.87309.34226.83
Depreciation & Amortization, Total
149.8158.45147.15129.54126.7124.19
Stock-Based Compensation
109.31103.5489.6565.1366.6451.94
Change in Accounts Receivable
-52.01-35.34-14.9-50.03-17.6-22.25
Change in Accounts Payable
32.4187.1429.762.1910.2-3.48
Change in Other Net Operating Assets
-1.0710.59-2.488.62-3.1333.59
Other Operating Activities
-40.39-83.0993.49167.1790.49118.94
Operating Cash Flow
1,1961,168897.74746.09632.82578.02

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-51.37-40.55-40.96-18.53-23.21-16.88
Cash Acquisitions
---860.13-69.71--207.76
Sale (Purchase) of Intangibles
-69.19-62.54-47.91-43.24-36.88-34.47
Investment in Securities
-75.32-38.44-20.2---
Other Investing Activities
1515--1.29--
Investing Cash Flow
-180.88-126.53-969.19-132.77-60.1-259.11

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Issuance of Common Stock
2.98-6.7415.2410.1993.1
Repurchase of Common Stock
-430.75-153.68-107.05-86.55-201-146.7
Common Dividends Paid
-110.67-102.34-85.23-75.91-66.01-64.57
Other Financing Activities
-46.55-51.45-104.72-20.96-19.89-17.93
Financing Cash Flow
-584.99-307.48-290.26-168.17-276.7-136.1

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-2.5210.8-4.464.09-10.84-2.04
Net Cash Flow
427.81744.44-366.17449.24285.18180.77

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
1,1451,127856.78727.56609.61561.14
Free Cash Flow Growth
13.70%31.55%17.76%19.35%8.64%29.97%
Free Cash Flow Margin
51.93%54.97%49.77%54.45%51.36%52.21%
Free Cash Flow Per Share
5.355.253.993.422.922.71

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
1.932.552.571.311.47-
Cash Income Tax Paid
125.8758.06152.0128.6413.23.88
SEC Filings: 10-K · 10-Q