Tradeweb Markets Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.1B | $1.7B | $1.3B | $1.2B | $1.1B |
| Operating income | $835.3M | $678.0M | $505.3M | $412.6M | $358.8M |
| Interest expense | $1.9M | $4.3M | $2.0M | $1.8M | — |
| Pretax income | $1.2B | $754.4M | $548.0M | $437.1M | $370.0M |
| Income tax expense | $253.5M | $184.4M | $128.5M | $77.5M | $96.9M |
| Net income | $812.8M | $501.5M | $364.9M | $309.3M | $226.8M |
| Balance Sheet | |||||
| Cash and equivalents | $2.1B | $1.3B | $1.7B | $1.3B | $972.0M |
| Total assets | $8.2B | $7.3B | $7.1B | $6.3B | $6.0B |
| Total liabilities | $1.0B | $869.1M | $1.1B | $713.8M | $681.2M |
| Stockholders' equity | $6.5B | $5.8B | $5.4B | $5.0B | $4.6B |
| Cash Flow Statement | |||||
| Cash from operations | $1.2B | $897.7M | $746.1M | $632.8M | $578.0M |
| Depreciation and amortization | $250.2M | $220.0M | $185.3M | $178.9M | $171.3M |
| Stock-based compensation | $103.5M | $89.6M | $65.1M | $66.6M | $51.9M |
| Capital expenditure | $40.6M | $41.0M | $18.5M | $23.2M | $16.9M |
| Free cash flow | $1.1B | $856.8M | $727.6M | $609.6M | $561.1M |
| Dividends paid | $102.3M | $85.2M | $75.9M | $66.0M | $64.6M |
| Share repurchases | $104.2M | $59.1M | $35.2M | $99.3M | $75.7M |
Shares outstanding 236.0M · Free float 82.5%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.