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Tradeweb Markets Inc. (TW) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Financial Services · Capital Markets · DATA UPDATED 2026-07-10

Tradeweb Markets Inc. (TW) operates in the Capital Markets industry and is headquartered in New York, United States with about 1,598 employees. Its market capitalization is roughly $21 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 →

TW Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$2.1B$1.7B$1.3B$1.2B
Gross Profit$1.4B$1.1B$878M$756M
Operating Income (EBIT)$845M$686M$496M$426M
Net Income$813M$502M$365M$309M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TW Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Total Revenue$618M$521M$509M$513M$510M
Gross Profit$420M$362M$344M$343M$333M
Operating Income (EBIT)$287M$231M$210M$200M$204M
Net Income$205M$325M$186M$154M$148M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TW Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($102M)($85M)($76M)($66M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TW Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($30M)($26M)($26M)($26M)($26M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TW Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$8.2B$7.3B$7.1B$6.3B
Total Liabilities$1.0B$869M$1.1B$714M

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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