TW
Tradeweb Markets Inc.
NASDAQ · USFinancial ServicesFinancial - Capital Markets
$100.52+0.62%
Price as of Jul 20, 2026
TW financials
Tradeweb Markets Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $2.1B | $1.7B | $1.3B | $1.2B |
| Cost of revenue | $670.8M | $592.7M | $460.3M | $432.4M |
| Gross profit | $1.4B | $1.1B | $877.9M | $756.4M |
| Operating expenses | $536.5M | $455.2M | $372.6M | $343.8M |
| Operating income | $845.1M | $678.0M | $505.3M | $412.6M |
| Net income | $812.8M | $501.5M | $364.9M | $309.3M |
| EBITDA | $1.4B | $978.7M | $681.1M | $617.8M |
| Basic EPS | $3.81 | $2.36 | $1.73 | $1.50 |
| Diluted EPS | $3.78 | $2.34 | $1.71 | $1.48 |
| Balance sheet | ||||
| Cash & equivalents | $2.1B | $1.3B | $1.7B | $1.3B |
| Total assets | $8.2B | $7.3B | $7.1B | $6.3B |
| Total liabilities | $1.0B | $869.1M | $1.1B | $713.8M |
| Stockholders’ equity | $6.5B | $5.8B | $5.4B | $5.0B |
| Total debt | $278.3M | $35.7M | $49.1M | $27.9M |
| Net debt | -$1.8B | -$1.3B | -$1.7B | -$1.2B |
| Cash flow | ||||
| Operating cash flow | $1.2B | $897.7M | $746.1M | $632.8M |
| Capital expenditure | -$40.6M | -$41.0M | -$61.8M | -$60.1M |
| Free cash flow | $1.1B | $856.8M | $684.3M | $572.7M |
| Dividends paid | -$102.3M | -$85.2M | -$75.9M | -$66.0M |
| Share repurchases | -$104.2M | -$59.1M | -$35.2M | -$99.3M |