Tradeweb Markets Inc. (TW)
NASDAQ: TW · Real-Time Price · USD
126.67
-1.06 (-0.83%)
Nov 9, 2026, 11:50 AM EST - Market open
Tradeweb Markets Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
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 |
Net Income | 909.05 | 812.79 | 501.51 | 364.87 | 309.34 | 226.83 |
Depreciation & Amortization, Total | 145.16 | 158.45 | 147.15 | 129.54 | 126.7 | 124.19 |
Stock-Based Compensation | 109.55 | 103.54 | 89.65 | 65.13 | 66.64 | 51.94 |
Change in Accounts Receivable | -91.81 | -35.34 | -14.9 | -50.03 | -17.6 | -22.25 |
Change in Accounts Payable | 40.14 | 87.14 | 29.76 | 2.19 | 10.2 | -3.48 |
Change in Other Net Operating Assets | -13.67 | 10.59 | -2.48 | 8.62 | -3.13 | 33.59 |
Other Operating Activities | -4.73 | -83.09 | 93.49 | 167.17 | 90.49 | 118.94 |
Operating Cash Flow | 1,201 | 1,168 | 897.74 | 746.09 | 632.82 | 578.02 |
Investing Activities
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 |
Capital Expenditures | -46.65 | -40.55 | -40.96 | -18.53 | -23.21 | -16.88 |
Cash Acquisitions | - | - | -860.13 | -69.71 | - | -207.76 |
Sale (Purchase) of Intangibles | -71.68 | -62.54 | -47.91 | -43.24 | -36.88 | -34.47 |
Investment in Securities | -76.89 | -38.44 | -20.2 | - | - | - |
Other Investing Activities | - | 15 | - | -1.29 | - | - |
Investing Cash Flow | -195.21 | -126.53 | -969.19 | -132.77 | -60.1 | -259.11 |
Financing Activities
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 |
Issuance of Common Stock | 2.98 | - | 6.74 | 15.24 | 10.19 | 93.1 |
Repurchase of Common Stock | -637.19 | -153.68 | -107.05 | -86.55 | -201 | -146.7 |
Common Dividends Paid | -114.48 | -102.34 | -85.23 | -75.91 | -66.01 | -64.57 |
Other Financing Activities | -48.99 | -51.45 | -104.72 | -20.96 | -19.89 | -17.93 |
Financing Cash Flow | -797.67 | -307.48 | -290.26 | -168.17 | -276.7 | -136.1 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -1.35 | 10.8 | -4.46 | 4.09 | -10.84 | -2.04 |
Net Cash Flow | 206.97 | 744.44 | -366.17 | 449.24 | 285.18 | 180.77 |
Free Cash Flow
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 |
Free Cash Flow | 1,155 | 1,127 | 856.78 | 727.56 | 609.61 | 561.14 |
Free Cash Flow Growth | 10.24% | 31.55% | 17.76% | 19.35% | 8.64% | 29.97% |
Free Cash Flow Margin | 50.63% | 54.97% | 49.77% | 54.45% | 51.36% | 52.21% |
Free Cash Flow Per Share | 5.42 | 5.25 | 3.99 | 3.42 | 2.92 | 2.71 |
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 |
Cash Interest Paid | 1.63 | 2.55 | 2.57 | 1.31 | 1.47 | - |
Cash Income Tax Paid | 150.47 | 58.06 | 152.01 | 28.64 | 13.2 | 3.88 |