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 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 | 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 Interest Expense | 2.05 | 1.94 | 4.28 | 2.05 | 1.81 | 1.59 |
Net Interest Income | -2.05 | -1.94 | -4.28 | -2.05 | -1.81 | -1.59 |
Other Revenue | 2,282 | 2,052 | 1,726 | 1,338 | 1,189 | 1,076 |
| 2,280 | 2,050 | 1,722 | 1,336 | 1,187 | 1,075 | |
Revenue Growth | 14.45% | 19.10% | 28.85% | 12.57% | 10.43% | 20.45% |
Salaries & Employee Benefits | 708.45 | 670.83 | 588.59 | 460.31 | 417.42 | 405.56 |
Cost of Services Provided | 322.42 | 296.07 | 216.13 | 181.8 | 164.91 | 133.98 |
Total Operating Expenses | 1,275 | 1,217 | 1,025 | 827.45 | 761.21 | 710.85 |
Operating Income | 1,005 | 833.4 | 696.95 | 508.72 | 425.77 | 364.01 |
Currency Exchange Gains | - | - | - | -1.29 | - | - |
Other Non-Operating Income (Expenses) | 353.72 | 348.58 | 81.95 | 57.15 | 27.37 | 12.75 |
EBT Excluding Unusual Items | 1,358 | 1,181 | 778.9 | 564.58 | 453.13 | 376.76 |
Merger & Restructuring Charges | - | - | -20.5 | -5.5 | - | -5.07 |
Gain (Loss) on Sale of Investments | -38.3 | -6.5 | -1.3 | -11.1 | -1 | - |
Other Unusual Items | - | - | -2.7 | - | -15 | -1.7 |
Pretax Income | 1,320 | 1,175 | 754.4 | 547.98 | 437.13 | 369.98 |
Income Tax Expense | 287.94 | 253.47 | 184.44 | 128.48 | 77.52 | 96.88 |
Earnings From Continuing Ops. | 1,032 | 921.5 | 569.96 | 419.5 | 359.61 | 273.11 |
Minority Interest in Earnings | -122.83 | -108.71 | -68.46 | -54.64 | -50.28 | -46.28 |
Net Income | 909.05 | 812.79 | 501.51 | 364.87 | 309.34 | 226.83 |
Preferred Dividends & Other Adjustments | 0.47 | 0.64 | 0.39 | 0.47 | 0.24 | - |
Net Income to Common | 908.58 | 812.16 | 501.12 | 364.4 | 309.09 | 226.83 |
Net Income Growth | 44.34% | 62.07% | 37.52% | 17.89% | 36.27% | 36.40% |
Shares Outstanding (Basic) | 212 | 213 | 213 | 211 | 206 | 201 |
Shares Outstanding (Diluted) | 213 | 215 | 215 | 213 | 208 | 207 |
Shares Change | -0.95% | -0.01% | 1.06% | 2.05% | 0.55% | 10.11% |
EPS (Basic) | 4.28 | 3.81 | 2.35 | 1.73 | 1.50 | 1.13 |
EPS (Diluted) | 4.27 | 3.78 | 2.33 | 1.71 | 1.48 | 1.09 |
EPS Growth | 45.59% | 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 | 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 Per Share | 5.42 | 5.25 | 3.99 | 3.42 | 2.92 | 2.71 |
Dividend Per Share | 0.540 | 0.480 | 0.400 | 0.360 | 0.320 | 0.320 |
Dividend Growth | 17.39% | 20.00% | 11.11% | 12.50% | 0% | 0% |
Operating Margin | 44.07% | 40.64% | 40.48% | 38.07% | 35.87% | 33.87% |
Profit Margin | 39.84% | 39.61% | 29.11% | 27.27% | 26.04% | 21.10% |
Free Cash Flow Margin | 50.63% | 54.97% | 49.77% | 54.45% | 51.36% | 52.21% |
Effective Tax Rate | 21.82% | 21.57% | 24.45% | 23.45% | 17.73% | 26.18% |
Revenue as Reported | 2,282 | 2,052 | 1,726 | 1,338 | 1,189 | 1,076 |