Tradeweb Markets Inc. (TW)
NASDAQ: TW · Real-Time Price · USD
100.50
+2.70 (2.76%)
Jul 31, 2026, 4:00 PM EDT - Market closed
Tradeweb Markets Income Statement
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 | Jun '26 Jun 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 |
| 2,206 | 2,052 | 1,726 | 1,338 | 1,189 | 1,076 | |
Revenue Growth | 14.04% | 18.92% | 28.97% | 12.57% | 10.44% | 20.59% |
Gross Profit | 2,206 | 2,052 | 1,726 | 1,338 | 1,189 | 1,076 |
Selling, General & Admin | 995.95 | 966.9 | 827.92 | 647.6 | 597.33 | 546.31 |
Depreciation & Amortization Expenses | 246.64 | 250.19 | 220 | 185.35 | 178.88 | 171.31 |
Total Operating Expenses | 1,243 | 1,217 | 1,048 | 832.95 | 776.21 | 717.62 |
Operating Income | 963.9 | 835.34 | 678.03 | 505.27 | 412.57 | 358.83 |
Interest Income | 75.19 | 68.41 | 74.04 | 67.4 | 13.71 | -1.59 |
Interest Expense | -2.05 | -1.94 | -4.28 | -2.05 | -1.81 | - |
Other Non-Operating Income (Expense) | 252.62 | 273.17 | 6.62 | -22.64 | 12.65 | 11.16 |
Total Non-Operating Income (Expense) | 325.75 | 339.64 | 76.37 | 42.71 | 24.56 | 9.57 |
Pretax Income | 1,299 | 1,175 | 754.4 | 547.98 | 437.13 | 369.98 |
Provision for Income Taxes | 281.91 | 253.47 | 184.44 | 128.48 | 77.52 | 96.88 |
Net Income | 1,018 | 921.5 | 569.96 | 419.5 | 359.61 | 273.11 |
Minority Interest in Earnings | 120.3 | 108.71 | 68.46 | 54.64 | 50.28 | 46.28 |
Net Income to Common | 897.23 | 812.79 | 501.51 | 364.87 | 309.34 | 226.83 |
Net Income Growth | 60.71% | 62.07% | 37.45% | 17.95% | 36.38% | 36.40% |
Shares Outstanding (Basic) | 213 | 213 | 213 | 211 | 206 | 201 |
Shares Outstanding (Diluted) | 214 | 215 | 215 | 213 | 208 | 207 |
Shares Change | -0.48% | -0.01% | 1.06% | 2.05% | 0.55% | 10.11% |
EPS (Basic) | 4.20 | 3.81 | 2.35 | 1.73 | 1.50 | 1.13 |
EPS (Diluted) | 4.18 | 3.78 | 2.33 | 1.71 | 1.48 | 1.09 |
EPS Growth | 61.39% | 62.23% | 36.26% | 15.54% | 35.78% | 23.86% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 1,145 | 1,127 | 856.78 | 727.56 | 609.61 | 561.14 |
Free Cash Flow Growth | 13.70% | 31.55% | 17.76% | 19.35% | 8.64% | 29.97% |
Free Cash Flow Per Share | 5.35 | 5.24 | 3.99 | 3.42 | 2.93 | 2.71 |
Dividends Per Share | 0.520 | 0.480 | 0.400 | 0.360 | 0.320 | 0.320 |
Dividend Growth | 18.18% | 20.00% | 11.11% | 12.50% | 0% | 0% |
Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Operating Margin | 43.68% | 40.70% | 39.28% | 37.76% | 34.71% | 33.33% |
Profit Margin | 46.12% | 44.90% | 33.02% | 31.35% | 30.25% | 25.37% |
FCF Margin | 51.88% | 54.92% | 49.64% | 54.37% | 51.28% | 52.13% |
EBITDA | 1,211 | 1,086 | 898.03 | 690.62 | 591.45 | 530.14 |
EBITDA Margin | 54.86% | 52.89% | 52.03% | 51.61% | 49.75% | 49.25% |
EBIT | 963.9 | 835.34 | 678.03 | 505.27 | 412.57 | 358.83 |
EBIT Margin | 43.68% | 40.70% | 39.28% | 37.76% | 34.71% | 33.33% |
Effective Tax Rate | 21.70% | 21.57% | 24.45% | 23.45% | 17.73% | 26.18% |