Tradeweb Markets financials
$100.61−0.16%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $558.9M | $617.8M | $521.2M | $508.6M | $513.0M | $509.7M | $463.3M | $448.9M | $405.0M | $408.7M | $370.0M | $328.4M |
| Gross profit | $558.9M | $617.8M | $521.2M | $508.6M | $513.0M | $509.7M | $463.3M | $448.9M | $405.0M | $408.7M | $370.0M | $328.4M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $245.3M | $287.3M | $221.0M | $210.4M | $199.9M | $204.1M | $188.5M | $159.3M | $162.5M | $167.7M | $141.6M | $124.7M |
| Net income | $181.3M | $205.3M | $325.0M | $185.6M | $153.8M | $148.4M | $142.2M | $113.9M | $119.2M | $126.1M | $89.3M | $98.6M |
| Net margin | 32.4% | 33.2% | 62.4% | 36.5% | 30.0% | 29.1% | 30.7% | 25.4% | 29.4% | 30.9% | 24.1% | 30.0% |
| Diluted EPS | $0.85 | $0.96 | $1.51 | $0.86 | $0.71 | $0.69 | $0.66 | $0.53 | $0.55 | $0.59 | $0.42 | $0.46 |
| EBITDA | $306.7M | $348.0M | $281.1M | $274.7M | $262.9M | $266.8M | $251.4M | $217.2M | $212.4M | $217.0M | $141.6M | $171.3M |
| Operating cash flow | $394.1M | $103.8M | $355.9M | $342.3M | $409.2M | $60.2M | $282.0M | $292.1M | $285.7M | $37.9M | $244.8M | $217.4M |
| Free cash flow | $384.9M | $76.7M | $321.1M | $310.9M | $401.5M | $45.4M | $244.1M | $275.1M | $269.0M | $20.6M | $232.6M | $199.5M |
| Diluted shares | 212.8M | 213.3M | 214.7M | 215.0M | 215.0M | 214.9M | 215.0M | 215.1M | 214.9M | 214.7M | 213.9M | 213.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.06B | $1.94B | $2.08B | $1.91B | $1.63B | $1.31B |
| Short-term investments | $55.5M | $57.3M | $58.3M | $64.9M | $66.9M | $102.0M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $8.25B | $8.30B | $8.19B | $8.00B | $8.06B | $7.37B |
| Total liabilities | $912.7M | $986.1M | $1.00B | $1.06B | $1.33B | $822.8M |
| Shareholders' equity | $7.34B | $7.31B | $7.19B | $6.93B | $6.73B | $6.55B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology