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Tradeweb Markets Inc. (TW)

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CIK 0001758730 · Nasdaq · Security & Commodity Brokers, Dealers, Exchanges & Services

  • Sector Finance & Real Estate
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Tradeweb Markets Inc. reported revenue of $2.05B. Revenue grew 18.9% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $2.21B.

Key ratios (year ended 2025-12-31)

40.7%
Operating margin
44.9%
Net margin
14.2%
Return on year-end equity
18.9%
Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-10-19

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Revenue$2.21B$2.05B$1.73B$1.34B$1.19B$1.08B$892.66M$775.57Mn/a$562.97M
Operating Income$963.90M$835.34M$678.03M$505.27M$412.57M$358.83M$263.36M$189.82Mn/a$89.09M
Depreciation & Amortization$246.64M$250.19M$220.00M$185.35M$178.88M$171.31M$153.79M$139.33Mn/a$68.61M
EBITDA$1.21B$1.09B$898.03M$690.62M$591.45M$530.14M$417.14M$329.15Mn/a$157.71M
Net Income$1.02B$921.50M$569.96M$419.50M$359.61M$273.11M$218.39M$173.02Mn/a$83.65M
EPS (Diluted)n/a$3.78$2.33$1.71$1.48$1.09$0.88$0.54n/an/a
Total Assets$8.25B$8.19B$7.27B$7.06B$6.26B$5.99B$5.68B$5.10B$5.00Bn/a
Total Liabilities$912.69M$1.00B$869.11M$1.13B$713.82M$681.24M$660.69M$502.59M$410.63Mn/a
Shareholders' Equity$6.63B$6.51B$5.80B$5.37B$4.95B$4.65B$4.30B$3.38B$4.57Bn/a
Cash & Equivalents$2.06B$2.08B$1.34B$1.71B$1.26B$972.05M$791.28M$460.71M$410.10Mn/a
Operating Cash Flow$1.20B$1.17B$897.74M$746.09M$632.82M$578.02M$443.23M$311.00Mn/a$224.58M
Capital Expenditures$51.37M$40.55M$40.96M$18.53M$23.21M$16.88M$11.49M$15.78Mn/a$13.46M
Free Cash Flow$1.14B$1.13B$856.78M$727.56M$609.61M$561.14M$431.74M$295.22Mn/a$211.12M
Share Repurchases$343.88M$104.17M$59.05M$35.20M$99.32M$75.68M$0$0n/an/a
Dividends Per Sharen/a$0.48$0.40$0.36$0.32$0.32$0.32n/an/an/a
Weighted Average Diluted Sharesn/a214.90M214.92M212.67M208.40M207.25M188.22M156.54Mn/a215.57M
EPS (Basic)n/a$3.81$2.35$1.73$1.50$1.13$0.92$0.57n/an/a

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