Tradeweb Markets Inc. (TW) 10-Year Financial Performance & Capital Metrics

TW • • Banking & Credit

Financial ServicesCapital MarketsExchanges and Electronic Trading Venues

AboutTradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 45 markets across 25 currencies. It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory firms and traders with Tradeweb Direct platform. The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. Tradeweb Markets Inc. was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.Show more

Net Interest Income $66M -4.7%
Total Revenue $2.05B +18.9%
Net Income $813M +62.1%
Return on Equity 11.96% +47.1%
Net Interest Margin 0.81% -15.4%
Efficiency Ratio 6.91% -73.8%
ROA 10.52% +50.2%
Equity / Assets 87.79% -0.3%
Book Value per Share 33.45 +12.4%
Tangible BV/Share 13.45 +73.0%
Debt/Equity 0.02 +246.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 37.3%
✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 6.9% efficiency ratio
✓Well capitalized: 87.8% equity/assets
✓Diversified revenue: 96.7% from non-interest income

✗Weaknesses

✗Weak NIM of 0.8%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y18.12%

3Y19.97%

TTM-

Profit (Net Income) CAGR

10Y-

5Y37.35%

3Y37.99%

TTM62.07%

EPS CAGR

10Y-

5Y33.84%

3Y36.69%

TTM61.8%

ROCE

10Y Avg7.58%

5Y Avg8.57%

3Y Avg9.81%

Latest11.12%

Peer Comparison

Exchanges and Electronic Trading Venues

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MIAXMIAMI INTERNATIONAL HOLDINGS, INC.	3.81B	42.60	33.02	9.52%	8.96%	-11.67%	1.9%	0.12
TWTradeweb Markets Inc.	29.03B	123.26	32.61	18.92%	39.6%	11.31%	3.88%	0.02
MKTXMarketAxess Holdings Inc.	7.13B	192.00	26.37	8.58%	33.56%	15.79%	5.26%	0.05

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Net Interest Income+	-695K	230K	2.51M	2.37M	0	0	11.91M	65.35M	69.76M	66.47M
NII Growth %	-	133.09%	992.61%	-5.57%	-100%	-	-	448.84%	6.75%	-4.72%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	644K	685K	2.51M	2.37M	0	0	13.71M	67.4M	74.04M	68.41M
Interest Expense	1.34M	455K	0	0	0	0	1.8M	2.05M	4.28M	1.94M
Loan Loss Provision	227.25M	248.51M	289.49M	329.46M	349.66M	407.26M	430.62M	458.26M	588.41M	694.84M
Non-Interest Income+	491.54M	503.76M	655.07M	773.19M	892.66M	1.08B	1.18B	1.27B	1.65B	1.98B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	492.18M	504.45M	657.58M	775.57M	892.66M	1.08B	1.19B	1.34B	1.73B	2.05B
Revenue Growth %	-	2.49%	30.36%	17.94%	15.1%	20.59%	10.44%	12.57%	28.97%	18.92%
Non-Interest Expense	170.47M	166.39M	195.82M	256.29M	279.65M	310.36M	343.79M	372.64M	455.23M	141.79M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	93.13M	89.09M	172.27M	189.82M	263.36M	358.83M	412.57M	505.27M	678.03M	827.1M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	-4.34%	93.36%	10.19%	38.74%	36.25%	14.98%	22.47%	34.19%	21.99%
Pretax Income+	92.44M	89.78M	174.78M	225.33M	274.46M	369.98M	437.13M	547.98M	754.4M	1.17B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-725K	6.13M	15.31M	52.3M	56.07M	96.88M	77.52M	128.48M	184.44M	-253.47M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	93.16M	83.65M	159.47M	83.77M	166.3M	226.83M	309.34M	364.87M	501.51M	812.79M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	-10.21%	90.64%	-47.47%	98.52%	36.4%	36.38%	17.95%	37.45%	62.07%
Net Income (Continuing)	93.16M	83.65M	159.47M	173.02M	218.39M	273.11M	359.61M	419.5M	569.96M	1.43B
EPS (Diluted)+	0.41	0.37	1.29	1.11	0.88	1.09	1.48	1.71	2.34	3.78
EPS Growth %	-	-9.76%	248.65%	-13.95%	-20.72%	23.86%	35.78%	15.54%	36.84%	61.54%
EPS (Basic)	0.41	0.37	1.29	1.17	0.92	1.13	1.50	1.73	2.36	3.81
Diluted Shares Outstanding	227.28M	227.28M	123.38M	156.54M	188.22M	207.25M	208.4M	212.67M	214.93M	214.9M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash & Short Term Investments+	325.07M	353.8M	411.3M	461.71M	792.28M	973.05M	1.26B	1.71B	1.34B	2.08B
Cash & Due from Banks	325.07M	353.8M	411.3M	461.71M	792.28M	973.05M	1.26B	1.71B	1.34B	2.08B
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	969K	375K	3.24M	2.52M	111K	3.31M	20.01M	9.09M	25.89M	292M
Investments Growth %	-	-61.3%	764.8%	-22.14%	-95.6%	2884.68%	503.86%	-54.55%	184.8%	1027.66%
Long-Term Investments	969K	375K	3.24M	2.52M	111K	3.31M	20.01M	9.09M	25.89M	292M
Accounts Receivables	79.44M	73.99M	261.78M	123.45M	105.65M	129.94M	154.31M	549.59M	290.07M	257.85M
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	563.49M	563.42M	2.69B	2.69B	2.69B	2.78B	2.78B	2.82B	3.15B	3.15B
Intangible Assets	292.85M	263.4M	1.55B	1.45B	1.35B	1.34B	1.21B	1.14B	1.58B	1.15B
PP&E (Net)	24.83M	27.03M	38.13M	64.91M	63.25M	51.56M	62.35M	58.77M	79.52M	123.06M
Other Assets	17.18M	18.13M	25.03M	27.24M	82.46M	76.36M	56.98M	61.92M	89.57M	0
Total Current Assets	415.05M	437.71M	684.51M	594.89M	909.61M	1.12B	1.44B	2.29B	1.69B	2.34B
Total Non-Current Assets	905.69M	879.18M	4.31B	4.5B	4.77B	4.87B	4.82B	4.77B	5.58B	5.28B
Total Assets+	1.32B	1.32B	5B	5.1B	5.68B	5.99B	6.26B	7.06B	7.27B	8.19B
Asset Growth %	-	-0.29%	279.47%	1.97%	11.47%	5.46%	4.51%	12.77%	2.95%	12.68%
Return on Assets (ROA)	7.05%	6.34%	5.05%	1.66%	3.09%	3.89%	5.05%	5.48%	7%	10.52%
Accounts Payable	30.49M	31.69M	213.76M	63.29M	42.94M	38.83M	63.77M	409.37M	163.11M	187.33M
Total Debt+	29.29M	0	0	30.95M	34.46M	24.33M	27.94M	49.08M	35.75M	139.17M
Net Debt	-295.79M	-353.8M	-411.3M	-430.76M	-757.82M	-948.72M	-1.23B	-1.66B	-1.31B	-1.95B
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	29.29M	0	0	8.52M	11.61M	0	0	21.61M	0	139.17M
Other Liabilities	0	0	0	240.82M	404.33M	412.45M	425.72M	457.52M	372.84M	782.11M
Total Current Liabilities	283.32M	317.12M	391M	217.76M	214.08M	223.45M	238.9M	622.38M	417.63M	168.2M
Total Non-Current Liabilities	0	0	19.63M	284.83M	446.61M	457.79M	474.92M	505.75M	451.48M	832.12M
Total Liabilities	283.32M	317.12M	410.63M	502.59M	660.69M	681.24M	713.82M	1.13B	869.11M	1B
Total Equity+	1.02B	986.47M	4.57B	4.59B	5.02B	5.31B	5.55B	5.93B	6.4B	7.19B
Equity Growth %	-	-3.74%	363.51%	0.45%	9.28%	5.77%	4.47%	6.94%	7.88%	12.35%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	9.09%	8.32%	5.74%	1.83%	3.46%	4.39%	5.7%	6.36%	8.13%	11.96%
Book Value per Share	4.51	4.34	37.06	29.34	26.67	25.62	26.61	27.89	29.77	33.45
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.04B	999.74M	4.57B	3K	2K	2K	2K	2K	2K	2K
Additional Paid-in Capital	0	0	0	3.33B	4.14B	4.4B	4.58B	4.74B	4.81B	4.9B
Retained Earnings	0	0	0	47.83M	156.04M	242.62M	386.63M	640.38M	996.76M	1.6B
Accumulated OCI	-16.15M	-13.27M	-866K	1.37M	4.31M	1.6M	-10.11M	-5.39M	-9.98M	10.9M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	171.84M	224.58M	277.38M	311M	443.23M	578.02M	632.82M	746.09M	897.74M	1.17B
Operating CF Growth %	-	30.69%	23.51%	12.12%	42.52%	30.41%	9.48%	17.9%	20.33%	30.06%
Net Income	93.16M	83.65M	159.47M	173.02M	218.39M	273.11M	359.61M	419.5M	569.96M	812.79M
Depreciation & Amortization	80.86M	68.61M	81.83M	139.33M	153.79M	171.31M	178.88M	185.35M	220M	250.19M
Deferred Taxes	-6.32M	-950K	3.57M	-18.11M	53.76M	72.66M	39.21M	99.41M	24.58M	92.32M
Other Non-Cash Items	26.22M	58.52M	21.1M	0	0	0	1M	13.12M	1.11M	-175.41M
Working Capital Changes	-22.08M	14.75M	11.42M	-33.06M	-22M	9M	-12.52M	-36.43M	-7.57M	84.22M
Cash from Investing+	-50.56M	-45.55M	-42.1M	-44.46M	-62.54M	-259.11M	-60.1M	-132.76M	-969.19M	-126.53M
Purchase of Investments	0	-5M	0	0	-20M	0	0	-1.29M	0	0
Sale/Maturity of Investments	0	1000K	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-15.22M	66K	0	0	-20M	-207.76M	0	-69.71M	-860.13M	0
Other Investing	-25.35M	-27.16M	-26.68M	-28.68M	-11.05M	-34.47M	-36.88M	-43.23M	-68.1M	-85.98M
Cash from Financing+	-130.52M	-153.46M	-175.35M	-218.14M	-52.69M	-136.1M	-276.7M	-168.17M	-290.26M	-307.48M
Dividends Paid	-130M	-152M	-175.35M	-155.94M	-58.09M	-64.57M	-66.01M	-75.91M	-85.23M	-102.34M
Share Repurchases	-130M	-152M	-175.35M	0	0	-75.68M	-99.32M	-35.2M	-59.05M	-104.17M
Stock Issued	0	0	0	1.97B	626.27M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	0
Other Financing	-521K	-1.46M	0	-2.03B	-620.87M	4.15M	-111.37M	-57.06M	-145.98M	-100.96M
Net Change in Cash+	-15.44M	28.72M	57.51M	50.41M	330.57M	180.77M	285.18M	449.24M	-366.17M	744.44M
Exchange Rate Effect	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K
Cash at Beginning	340.51M	325.07M	353.8M	411.3M	461.71M	792.28M	973.05M	1.26B	1.71B	1.34B
Cash at End	325.07M	353.8M	411.3M	461.71M	792.28M	973.05M	1.26B	1.71B	1.34B	2.09B
Interest Paid	1.34M	455K	0	0	0	0	1.47M	1.3M	2.57M	0
Income Taxes Paid	6.74M	6.31M	8.16M	43.84M	19.11M	3.88M	13.2M	28.64M	152.01M	0
Free Cash Flow+	136.5M	183.96M	235.29M	266.54M	400.7M	526.67M	572.73M	684.33M	856.78M	1.13B
FCF Growth %	-	34.77%	27.9%	13.28%	50.33%	31.44%	8.74%	19.49%	25.2%	31.55%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.09%	8.32%	5.74%	1.83%	3.46%	4.39%	5.7%	6.36%	8.13%	11.96%
Return on Assets (ROA)	7.05%	6.34%	5.05%	1.66%	3.09%	3.89%	5.05%	5.48%	7%	10.52%
Net Interest Margin	-0.05%	0.02%	0.05%	0.05%	0%	0%	0.19%	0.93%	0.96%	0.81%
Efficiency Ratio	34.63%	32.99%	29.78%	33.05%	31.33%	28.83%	28.92%	27.85%	26.38%	6.91%
Equity / Assets	77.59%	74.91%	91.5%	90.14%	88.37%	88.63%	88.6%	84.02%	88.04%	87.79%
Book Value / Share	4.51	4.34	37.06	29.34	26.67	25.62	26.61	27.89	29.77	33.45
NII Growth	-	133.09%	992.61%	-5.57%	-100%	-	-	448.84%	6.75%	-4.72%
Dividend Payout	139.54%	181.71%	109.96%	186.15%	34.93%	28.47%	21.34%	20.8%	17%	12.59%

US Stock Screener

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Tradeweb Markets Inc. (TW) 10-Year Financial Performance & Capital Metrics

TW • • Banking & Credit

Financial ServicesCapital MarketsExchanges and Electronic Trading Venues

Net Interest Income $66M -4.7%
Total Revenue $2.05B +18.9%
Net Income $813M +62.1%
Return on Equity 11.96% +47.1%
Net Interest Margin 0.81% -15.4%
Efficiency Ratio 6.91% -73.8%
ROA 10.52% +50.2%
Equity / Assets 87.79% -0.3%
Book Value per Share 33.45 +12.4%
Tangible BV/Share 13.45 +73.0%
Debt/Equity 0.02 +246.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 37.3%
✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 6.9% efficiency ratio
✓Well capitalized: 87.8% equity/assets
✓Diversified revenue: 96.7% from non-interest income

✗Weaknesses

✗Weak NIM of 0.8%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y18.12%

3Y19.97%

TTM-

Profit (Net Income) CAGR

10Y-

5Y37.35%

3Y37.99%

TTM62.07%

EPS CAGR

10Y-

5Y33.84%

3Y36.69%

TTM61.8%

ROCE

10Y Avg7.58%

5Y Avg8.57%

3Y Avg9.81%

Latest11.12%

Peer Comparison

Exchanges and Electronic Trading Venues

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MIAXMIAMI INTERNATIONAL HOLDINGS, INC.	3.81B	42.60	33.02	9.52%	8.96%	-11.67%	1.9%	0.12
TWTradeweb Markets Inc.	29.03B	123.26	32.61	18.92%	39.6%	11.31%	3.88%	0.02
MKTXMarketAxess Holdings Inc.	7.13B	192.00	26.37	8.58%	33.56%	15.79%	5.26%	0.05

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Net Interest Income+	-695K	230K	2.51M	2.37M	0	0	11.91M	65.35M	69.76M	66.47M
NII Growth %	-	133.09%	992.61%	-5.57%	-100%	-	-	448.84%	6.75%	-4.72%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	644K	685K	2.51M	2.37M	0	0	13.71M	67.4M	74.04M	68.41M
Interest Expense	1.34M	455K	0	0	0	0	1.8M	2.05M	4.28M	1.94M
Loan Loss Provision	227.25M	248.51M	289.49M	329.46M	349.66M	407.26M	430.62M	458.26M	588.41M	694.84M
Non-Interest Income+	491.54M	503.76M	655.07M	773.19M	892.66M	1.08B	1.18B	1.27B	1.65B	1.98B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	492.18M	504.45M	657.58M	775.57M	892.66M	1.08B	1.19B	1.34B	1.73B	2.05B
Revenue Growth %	-	2.49%	30.36%	17.94%	15.1%	20.59%	10.44%	12.57%	28.97%	18.92%
Non-Interest Expense	170.47M	166.39M	195.82M	256.29M	279.65M	310.36M	343.79M	372.64M	455.23M	141.79M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	93.13M	89.09M	172.27M	189.82M	263.36M	358.83M	412.57M	505.27M	678.03M	827.1M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	-4.34%	93.36%	10.19%	38.74%	36.25%	14.98%	22.47%	34.19%	21.99%
Pretax Income+	92.44M	89.78M	174.78M	225.33M	274.46M	369.98M	437.13M	547.98M	754.4M	1.17B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-725K	6.13M	15.31M	52.3M	56.07M	96.88M	77.52M	128.48M	184.44M	-253.47M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	93.16M	83.65M	159.47M	83.77M	166.3M	226.83M	309.34M	364.87M	501.51M	812.79M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	-10.21%	90.64%	-47.47%	98.52%	36.4%	36.38%	17.95%	37.45%	62.07%
Net Income (Continuing)	93.16M	83.65M	159.47M	173.02M	218.39M	273.11M	359.61M	419.5M	569.96M	1.43B
EPS (Diluted)+	0.41	0.37	1.29	1.11	0.88	1.09	1.48	1.71	2.34	3.78
EPS Growth %	-	-9.76%	248.65%	-13.95%	-20.72%	23.86%	35.78%	15.54%	36.84%	61.54%
EPS (Basic)	0.41	0.37	1.29	1.17	0.92	1.13	1.50	1.73	2.36	3.81
Diluted Shares Outstanding	227.28M	227.28M	123.38M	156.54M	188.22M	207.25M	208.4M	212.67M	214.93M	214.9M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash & Short Term Investments+	325.07M	353.8M	411.3M	461.71M	792.28M	973.05M	1.26B	1.71B	1.34B	2.08B
Cash & Due from Banks	325.07M	353.8M	411.3M	461.71M	792.28M	973.05M	1.26B	1.71B	1.34B	2.08B
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	969K	375K	3.24M	2.52M	111K	3.31M	20.01M	9.09M	25.89M	292M
Investments Growth %	-	-61.3%	764.8%	-22.14%	-95.6%	2884.68%	503.86%	-54.55%	184.8%	1027.66%
Long-Term Investments	969K	375K	3.24M	2.52M	111K	3.31M	20.01M	9.09M	25.89M	292M
Accounts Receivables	79.44M	73.99M	261.78M	123.45M	105.65M	129.94M	154.31M	549.59M	290.07M	257.85M
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	563.49M	563.42M	2.69B	2.69B	2.69B	2.78B	2.78B	2.82B	3.15B	3.15B
Intangible Assets	292.85M	263.4M	1.55B	1.45B	1.35B	1.34B	1.21B	1.14B	1.58B	1.15B
PP&E (Net)	24.83M	27.03M	38.13M	64.91M	63.25M	51.56M	62.35M	58.77M	79.52M	123.06M
Other Assets	17.18M	18.13M	25.03M	27.24M	82.46M	76.36M	56.98M	61.92M	89.57M	0
Total Current Assets	415.05M	437.71M	684.51M	594.89M	909.61M	1.12B	1.44B	2.29B	1.69B	2.34B
Total Non-Current Assets	905.69M	879.18M	4.31B	4.5B	4.77B	4.87B	4.82B	4.77B	5.58B	5.28B
Total Assets+	1.32B	1.32B	5B	5.1B	5.68B	5.99B	6.26B	7.06B	7.27B	8.19B
Asset Growth %	-	-0.29%	279.47%	1.97%	11.47%	5.46%	4.51%	12.77%	2.95%	12.68%
Return on Assets (ROA)	7.05%	6.34%	5.05%	1.66%	3.09%	3.89%	5.05%	5.48%	7%	10.52%
Accounts Payable	30.49M	31.69M	213.76M	63.29M	42.94M	38.83M	63.77M	409.37M	163.11M	187.33M
Total Debt+	29.29M	0	0	30.95M	34.46M	24.33M	27.94M	49.08M	35.75M	139.17M
Net Debt	-295.79M	-353.8M	-411.3M	-430.76M	-757.82M	-948.72M	-1.23B	-1.66B	-1.31B	-1.95B
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	29.29M	0	0	8.52M	11.61M	0	0	21.61M	0	139.17M
Other Liabilities	0	0	0	240.82M	404.33M	412.45M	425.72M	457.52M	372.84M	782.11M
Total Current Liabilities	283.32M	317.12M	391M	217.76M	214.08M	223.45M	238.9M	622.38M	417.63M	168.2M
Total Non-Current Liabilities	0	0	19.63M	284.83M	446.61M	457.79M	474.92M	505.75M	451.48M	832.12M
Total Liabilities	283.32M	317.12M	410.63M	502.59M	660.69M	681.24M	713.82M	1.13B	869.11M	1B
Total Equity+	1.02B	986.47M	4.57B	4.59B	5.02B	5.31B	5.55B	5.93B	6.4B	7.19B
Equity Growth %	-	-3.74%	363.51%	0.45%	9.28%	5.77%	4.47%	6.94%	7.88%	12.35%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	9.09%	8.32%	5.74%	1.83%	3.46%	4.39%	5.7%	6.36%	8.13%	11.96%
Book Value per Share	4.51	4.34	37.06	29.34	26.67	25.62	26.61	27.89	29.77	33.45
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.04B	999.74M	4.57B	3K	2K	2K	2K	2K	2K	2K
Additional Paid-in Capital	0	0	0	3.33B	4.14B	4.4B	4.58B	4.74B	4.81B	4.9B
Retained Earnings	0	0	0	47.83M	156.04M	242.62M	386.63M	640.38M	996.76M	1.6B
Accumulated OCI	-16.15M	-13.27M	-866K	1.37M	4.31M	1.6M	-10.11M	-5.39M	-9.98M	10.9M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	171.84M	224.58M	277.38M	311M	443.23M	578.02M	632.82M	746.09M	897.74M	1.17B
Operating CF Growth %	-	30.69%	23.51%	12.12%	42.52%	30.41%	9.48%	17.9%	20.33%	30.06%
Net Income	93.16M	83.65M	159.47M	173.02M	218.39M	273.11M	359.61M	419.5M	569.96M	812.79M
Depreciation & Amortization	80.86M	68.61M	81.83M	139.33M	153.79M	171.31M	178.88M	185.35M	220M	250.19M
Deferred Taxes	-6.32M	-950K	3.57M	-18.11M	53.76M	72.66M	39.21M	99.41M	24.58M	92.32M
Other Non-Cash Items	26.22M	58.52M	21.1M	0	0	0	1M	13.12M	1.11M	-175.41M
Working Capital Changes	-22.08M	14.75M	11.42M	-33.06M	-22M	9M	-12.52M	-36.43M	-7.57M	84.22M
Cash from Investing+	-50.56M	-45.55M	-42.1M	-44.46M	-62.54M	-259.11M	-60.1M	-132.76M	-969.19M	-126.53M
Purchase of Investments	0	-5M	0	0	-20M	0	0	-1.29M	0	0
Sale/Maturity of Investments	0	1000K	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-15.22M	66K	0	0	-20M	-207.76M	0	-69.71M	-860.13M	0
Other Investing	-25.35M	-27.16M	-26.68M	-28.68M	-11.05M	-34.47M	-36.88M	-43.23M	-68.1M	-85.98M
Cash from Financing+	-130.52M	-153.46M	-175.35M	-218.14M	-52.69M	-136.1M	-276.7M	-168.17M	-290.26M	-307.48M
Dividends Paid	-130M	-152M	-175.35M	-155.94M	-58.09M	-64.57M	-66.01M	-75.91M	-85.23M	-102.34M
Share Repurchases	-130M	-152M	-175.35M	0	0	-75.68M	-99.32M	-35.2M	-59.05M	-104.17M
Stock Issued	0	0	0	1.97B	626.27M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	0
Other Financing	-521K	-1.46M	0	-2.03B	-620.87M	4.15M	-111.37M	-57.06M	-145.98M	-100.96M
Net Change in Cash+	-15.44M	28.72M	57.51M	50.41M	330.57M	180.77M	285.18M	449.24M	-366.17M	744.44M
Exchange Rate Effect	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K
Cash at Beginning	340.51M	325.07M	353.8M	411.3M	461.71M	792.28M	973.05M	1.26B	1.71B	1.34B
Cash at End	325.07M	353.8M	411.3M	461.71M	792.28M	973.05M	1.26B	1.71B	1.34B	2.09B
Interest Paid	1.34M	455K	0	0	0	0	1.47M	1.3M	2.57M	0
Income Taxes Paid	6.74M	6.31M	8.16M	43.84M	19.11M	3.88M	13.2M	28.64M	152.01M	0
Free Cash Flow+	136.5M	183.96M	235.29M	266.54M	400.7M	526.67M	572.73M	684.33M	856.78M	1.13B
FCF Growth %	-	34.77%	27.9%	13.28%	50.33%	31.44%	8.74%	19.49%	25.2%	31.55%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.09%	8.32%	5.74%	1.83%	3.46%	4.39%	5.7%	6.36%	8.13%	11.96%
Return on Assets (ROA)	7.05%	6.34%	5.05%	1.66%	3.09%	3.89%	5.05%	5.48%	7%	10.52%
Net Interest Margin	-0.05%	0.02%	0.05%	0.05%	0%	0%	0.19%	0.93%	0.96%	0.81%
Efficiency Ratio	34.63%	32.99%	29.78%	33.05%	31.33%	28.83%	28.92%	27.85%	26.38%	6.91%
Equity / Assets	77.59%	74.91%	91.5%	90.14%	88.37%	88.63%	88.6%	84.02%	88.04%	87.79%
Book Value / Share	4.51	4.34	37.06	29.34	26.67	25.62	26.61	27.89	29.77	33.45
NII Growth	-	133.09%	992.61%	-5.57%	-100%	-	-	448.84%	6.75%	-4.72%
Dividend Payout	139.54%	181.71%	109.96%	186.15%	34.93%	28.47%	21.34%	20.8%	17%	12.59%

Tradeweb Markets Inc. (TW) 10-Year Financial Performance & Capital Metrics

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Revenue History

Financial Ratios

Tradeweb Markets Inc. (TW) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare TW vs Peers

vs MKTX

vs MIAX

Compare Top 3

Profit & Loss

Balance Sheet

Cash Flow

Banking Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios