20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Tradeweb Markets Inc (TW) operates in the CAPITAL MARKETS industry and is headquartered in New York, United States with about 1,613 employees. Its market capitalization is roughly $22 billion. In the fiscal year ended 2025-12-31, TW reported $2.1B in revenue and $813M in net income.
Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally. The company offers marketplaces that facilitate trading products across various asset classes, including rates, credit, equities, and money markets.
Interactive charts & full statements → Open the TW valuation workbench →
| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.2B | $2.1B | $1.7B | $1.3B | $1.2B | $1.1B | $893M | $776M | $658M | $504M | $492M | $3.6B | $3.5B | $3.6B | $3.4B | $3.3B | $2.4B | $1.7B | $1.8B | $1.5B | $1.3B |
| Gross Profit | $1.5B | $1.4B | $1.1B | $878M | $756M | $669M | $543M | $446M | $368M | $255M | $264M | $1.1B | $988M | $1.0B | $928M | $828M | $574M | $460M | $476M | $396M | $324M |
| Gross Margin % | 68.5% | 67.3% | 65.7% | 65.6% | 63.6% | 62.2% | 60.8% | 57.5% | 56.0% | 50.6% | 53.6% | 29.6% | 28.4% | 28.0% | 27.2% | 25.4% | 24.0% | 27.5% | 27.0% | 26.7% | 25.5% |
| Operating Income (EBIT) | $973M | $845M | $678M | $505M | $413M | $359M | $263M | $190M | $172M | $89M | $93M | $596M | $496M | $502M | $489M | $414M | $252M | $209M | $227M | $179M | $132M |
| Operating Margin % | 44.1% | 41.2% | 39.3% | 37.8% | 34.7% | 33.3% | 29.5% | 24.5% | 26.2% | 17.7% | 18.9% | 16.3% | 14.2% | 14.0% | 14.3% | 12.7% | 10.6% | 12.5% | 12.9% | 12.1% | 10.4% |
| Net Income | $897M | $813M | $502M | $365M | $309M | $227M | $166M | $84M | $159M | $84M | $93M | $385M | $359M | $319M | $260M | $194M | $121M | $146M | $155M | $116M | $87M |
| Net Margin % | 40.6% | 39.6% | 29.1% | 27.3% | 26.0% | 21.1% | 18.6% | 10.8% | 24.2% | 16.6% | 18.9% | 10.6% | 10.3% | 8.9% | 7.6% | 6.0% | 5.1% | 8.7% | 8.8% | 7.8% | 6.9% |
| EBITDA | — | $1.4B | $979M | $681M | $618M | $543M | $429M | $362M | $254M | $158M | $175M | — | — | — | — | — | — | — | — | — | — |
| Earnings Per Share (EPS) | $4.18 | $3.78 | $2.33 | $1.72 | $1.48 | $1.09 | $0.88 | $0.54 | $1.29 | $0.37 | $0.41 | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding (M) | — | 215M | 215M | 213M | 208M | 207M | 188M | 157M | 123M | 227M | 227M | — | — | — | — | — | — | — | — | — | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $559M | $618M | $521M | $509M | $513M | $510M | $463M | $449M | $405M |
| Gross Profit | $386M | $420M | $362M | $344M | $343M | $333M | $311M | $289M | $268M |
| Gross Margin % | 69.0% | 68.0% | 69.4% | 67.6% | 66.9% | 65.3% | 67.2% | 64.3% | 66.1% |
| Operating Income (EBIT) | $245M | $287M | $231M | $210M | $200M | $204M | $189M | $159M | $162M |
| Operating Margin % | 43.8% | 46.5% | 44.3% | 41.4% | 39.0% | 40.1% | 40.7% | 35.5% | 40.1% |
| Net Income | $181M | $205M | $325M | $186M | $154M | $148M | $142M | $114M | $119M |
| Net Margin % | 32.4% | 33.2% | 62.4% | 36.5% | 30.0% | 29.1% | 30.7% | 25.4% | 29.4% |
| EBITDA | — | $364M | $517M | $334M | $291M | $285M | $274M | $233M | $234M |
| Earnings Per Share (EPS) | $0.85 | $0.96 | $1.51 | $0.86 | $0.72 | $0.69 | $0.66 | $0.53 | $0.55 |
| Shares Outstanding (M) | — | 213M | 215M | 215M | 215M | 215M | 215M | 215M | 215M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $1.2B | $1.2B | $898M | $746M | $633M | $578M | $443M | $311M | $277M | $225M | $172M | $574M | $456M | $531M | $316M | $541M | — | $228M | $284M | $167M | $169M |
| Capital Expenditures (CapEx) | — | $41M | $41M | $62M | $60M | $51M | $43M | $44M | $42M | $41M | $35M | $135M | $121M | $128M | $159M | $99M | $45M | $39M | $39M | $44M | $38M |
| Free Cash Flow (FCF) | $1.1B | $1.1B | $857M | $684M | $573M | $527M | $401M | $267M | $235M | $184M | $136M | $438M | $335M | $403M | $157M | $442M | — | $188M | $245M | $123M | $131M |
| FCF Margin % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends Paid | — | $102M | $85M | $76M | $66M | $65M | $58M | $156M | $175M | $152M | $130M | $42M | $21M | $48M | $26M | $22M | $15M | $13M | $13M | $13M | $13M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $394M | $104M | $356M | $342M | $409M | $60M | $282M | $292M | $286M |
| Capital Expenditures (CapEx) | — | $10M | $35M | $31M | $5M | $2M | $38M | $17M | $17M |
| Free Cash Flow (FCF) | $367M | $94M | $321M | $311M | $404M | $59M | $244M | $275M | $269M |
| FCF Margin % | — | — | — | — | — | — | — | — | — |
| Dividends Paid | — | $30M | $26M | $26M | $26M | $26M | $21M | $21M | $21M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.3B | $8.2B | $7.3B | $7.1B | $6.3B | $6.0B | $5.7B | $5.1B | $5.0B | $1.3B | $1.3B | $5.4B | $5.6B | $5.3B | $5.4B | $5.1B | $4.6B | $1.6B | $1.7B | $1.5B | $1.2B |
| Cash & Cash Equivalents | $2.1B | $2.1B | $1.3B | $1.7B | $1.3B | $973M | $791M | $461M | $411M | $354M | $325M | $715M | $728M | $533M | $478M | $529M | $600M | $210M | $125M | $248M | $165M |
| Total Liabilities | $913M | $1.0B | $869M | $1.1B | $714M | $681M | $661M | $503M | $411M | $317M | $283M | $2.4B | $2.5B | $2.6B | $2.9B | $2.5B | $2.6B | $773M | $732M | $742M | $592M |
| Total Debt (Short + Long-Term) | $150M | $139M | $36M | $22M | $28M | $24M | $152.0B | $149.5B | $169.3B | $126.0B | $29M | $215M | $200M | $225M | $458M | $0M | $0M | $0M | $0M | $105M | $30M |
| Total Shareholders' Equity | $6.6B | $6.5B | $5.8B | $5.4B | $5.0B | $4.6B | $5.0B | $4.6B | $4.6B | $986M | $1.0B | $2.9B | $3.1B | $2.7B | $2.5B | $2.6B | $2.0B | $854M | $984M | $788M | $649M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TW viewer.
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