Tradeweb Markets financials
$100.61−0.16%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.05B | $1.73B | $1.34B | $1.19B | $1.08B | $892.7M | $775.6M |
| Gross profit | $2.05B | $1.73B | $1.34B | $1.19B | $1.08B | $892.7M | $775.6M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $835.3M | $678.0M | $505.3M | $412.6M | $358.8M | $263.4M | $189.8M |
| Net income | $812.8M | $501.5M | $364.9M | $309.3M | $226.8M | $166.3M | $83.8M |
| Net margin | 39.6% | 29.1% | 27.3% | 26.0% | 21.1% | 18.6% | 10.8% |
| Diluted EPS | $3.78 | $2.33 | $1.71 | $1.48 | $1.09 | $0.88 | $0.54 |
| EBITDA | $1.09B | $898.0M | $690.6M | $591.5M | $530.1M | $417.1M | $329.1M |
| Operating cash flow | $1.17B | $897.7M | $746.1M | $632.8M | $578.0M | $443.2M | $311.0M |
| Free cash flow | $1.06B | $808.9M | $684.3M | $572.7M | $526.7M | $400.7M | $266.5M |
| Diluted shares | 214.9M | 214.9M | 212.7M | 208.4M | 207.3M | 188.2M | 156.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.08B | $1.34B | $1.71B | $1.26B | $972.0M | $791.3M |
| Short-term investments | $58.3M | $54.7M | $36.8M | $23.9M | $20.5M | $11.7M |
| Total debt | $0.00 | $0.00 | $21.6M | $0.00 | $0.00 | $0.00 |
| Total assets | $8.19B | $7.27B | $7.06B | $6.26B | $5.99B | $5.68B |
| Total liabilities | $1.00B | $869.1M | $1.13B | $713.8M | $681.2M | $660.7M |
| Shareholders' equity | $7.19B | $6.40B | $5.93B | $5.55B | $5.31B | $5.02B |
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