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Tradeweb Markets Inc.

TW

Companies in Security & Commodity Brokers, Dealers, Exchanges & Services

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Common Class A
116116011600000000
Common Class B
979709700000000
Common Class C
181801800000000
Common Class D
55-0500000000
Assets
Cash And Cash Equivalents At Carrying Value
1,9372,0851,9081,6301,3061,3401,1741,7181,5451,7061,4931,396
Restricted Cash
111111111112
Receivables From Brokers Dealers And Clearing Orga…
131992543136682984326763815128
Deposits With Clearing Organizations And Others Se…
57586567102556563115372624
Property Plant And Equipment Net
797875414446333233343636
Operating Lease Right Of Use Asset
124123122303034262622251920
Capitalized Computer Software Net
264270278283288297305151155131134136
Goodwill
3,1503,1503,1503,1503,1503,1503,1502,8582,8582,8162,8152,780
Intangible Assets Net Excluding Goodwill
1,1191,1481,1771,2121,2461,2811,3151,0041,0331,0051,0321,019
Other Receivables
381118033034
Deferred Income Tax Assets Net
583569641652661659635684693684693709
Investments
296292---11------
Other Assets
19814021518213396867970717873
Assets
8,2968,1907,9968,0567,3707,2687,3377,2857,3967,0606,5056,491
Liabilities And Stockhold…
Liabilities
Securities Sold Under Agreements To Repurchase
-----000022--
Payables To Broker Dealers And Clearing Organizati…
131380543105682864256473525128
Employee Related Liabilities Current And Noncurren…
1112512111581032231791198216412185
Contract With Customer Liability
542936414731302827263127
Accounts Payable And Accrued Liabilities Current A…
152184187147122951007787584741
Operating Lease Liability
143139136323236292825272223
Other Liabilities
97161511200112
Deferred Income Tax Liabilities Net
515044434343431920211819
Liabilities
9861,0001,0611,3308238691,0501,0771,3201,128693773
Members Equity
Preferred Stock Value
000000000000
Additional Paid In Capital
4,8864,8964,8654,8434,8214,8134,7894,7964,7714,7394,7064,694
Accumulated Other Comprehensive Income Loss Net Of…
81187-2-101-8-8-5-11-7
Retained Earnings Accumulated Deficit
1,7261,6011,4081,2481,120997911843745640570495
Stockholders Equity
7,3107,1896,9356,0985,9395,8005,7016,2075,5095,3745,2665,717
Minority Interest
689681654629608599586577567558546535
Liabilities And Stockholders Equity
8,2968,1907,9968,0567,3707,2687,3377,2857,3967,0606,5056,491
Allowance For Doubtful Accounts Receivable
010000000000
Preferred Stock Par Or Stated Value Per Share
000000000000
Preferred Stock Shares Authorized
250250250250250250250250250250250250
Preferred Stock Shares Issued
000000000000
Preferred Stock Shares Outstanding
000000000000

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-10.09%-15.65%-15.31%---------
20255.29%0.84%-0.13%-12.41%-23.22%-26.76%2.22%0.47%2.14%12.53%6.55%3.55%
202410.44%2.21%2.83%10.50%12.05%27.21%5.59%3.14%0.25%8.86%18.13%8.89%
2023---3.52%3.60%3.48%6.30%0.50%9.24%2.46%1.83%-0.44%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Leverage & Debt
Interest Coverage TTM
464.35
430.36
380.32
247.71
226.95
158.45
130.88
155.35
146.18
202.43
46.54
34.04
Per Share Metrics
Diluted EPS TTM
3.98
3.78
3.40
3.03
2.77
2.65
2.37
2.28
2.15
1.97
1.71
1.57
Free Cash Flow Per Share TTM
5.47
5.29
4.91
4.72
4.15
4.02
3.96
3.60
3.27
3.45
3.24
3.19
Dividend Per Share TTM
0.50
0.48
0.46
0.44
0.42
0.40
0.39
0.38
0.37
0.36
0.35
0.34
Margin Metrics
Gross Profit Margin TTM
67.98%
67.32%
66.72%
65.94%
65.71%
74.05%
74.18%
75.04%
75.73%
74.19%
74.52%
74.75%
Operating Profit Margin TTM
42.51%
40.70%
40.25%
38.86%
39.11%
39.28%
38.66%
39.45%
38.82%
37.76%
36.09%
35.51%
Net Profit Margin TTM
39.33%
39.60%
36.67%
33.65%
32.56%
33.02%
31.20%
32.46%
32.50%
31.35%
28.93%
27.44%
Growth Metrics
Net Revenue Growth (1Y)
18.26%
18.92%
22.17%
27.97%
28.86%
28.97%
29.44%
23.94%
17.50%
12.57%
7.56%
6.01%
Net Income Growth (1Y)
42.85%
42.60%
43.59%
32.66%
29.13%
35.87%
39.62%
46.60%
46.68%
35.61%
39.76%
36.76%
EPS Growth (1Y)
43.12%
42.48%
43.48%
32.55%
28.90%
34.44%
38.58%
45.50%
43.50%
32.25%
35.87%
32.19%
Valuation Metrics
P/E TTM
29.41
28.14
32.25
47.74
52.89
48.62
51.39
45.67
47.67
45.22
46.02
42.77
P/B TTM
3.42
3.18
3.40
5.10
5.30
4.33
4.59
3.61
3.99
3.20
3.19
2.50
P/S TTM
11.57
11.14
11.83
16.07
17.22
16.06
16.04
14.83
15.49
14.18
13.31
11.74
Market Cap
24.99B
22.87B
23.59B
31.09B
31.46B
27.71B
26.18B
22.42B
21.96B
18.97B
16.79B
14.32B
Enterprise Value
23.05B
20.79B
21.68B
29.46B
30.16B
26.37B
25.01B
20.70B
20.42B
17.26B
15.30B
12.92B
Calculated Values
Free Cash Flow TTM
1.16B
1.13B
1.05B
1.01B
884.02M
856.78M
843.69M
766.95M
694.92M
727.56M
686.61M
673.89M
Net Debt
-1.94B
-2.08B
-1.91B
-1.63B
-1.31B
-1.34B
-1.17B
-1.72B
-1.55B
-1.71B
-1.49B
-1.40B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-01Sale
Owner: Peterson, Justin
Title: Chief Technology Officer
Shares: 21,221
Price/Share: $102.00
Value: $2,164,542.00
Shares Owned: 15,070
Relationship: Officer
Ownership: Direct
2026-05-26Sale
Owner: Berns, Steven
Title: -
Shares: 425
Price/Share: $105.26
Value: $44,735.50
Shares Owned: 4,884
Relationship: Director
Ownership: Direct
2026-04-15Sale
Owner: Peterson, Justin
Title: Chief Technology Officer
Shares: 21,221
Price/Share: $120.66
Value: $2,560,525.86
Shares Owned: 36,291
Relationship: Officer
Ownership: Direct
2026-03-23Sale
Owner: Furber, Sara
Title: Chief Financial Officer
Shares: 1,614
Price/Share: $124.86
Value: $201,524.04
Shares Owned: 22,264
Relationship: Officer
Ownership: Direct
2026-03-23Sale
Owner: Friedman, Douglas
Title: Chief Legal Officer
Shares: 592
Price/Share: $124.86
Value: $73,917.12
Shares Owned: 13,921
Relationship: Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
43.00%
Inst. Shares: 91,449,453
Shares Outstanding: 212,685,136
2025-12-31
43.87%
Inst. Shares: 93,539,745
Shares Outstanding: 213,213,371
2025-09-30
44.28%
Inst. Shares: 94,478,732
Shares Outstanding: 213,359,090
2025-06-30
46.84%
Inst. Shares: 99,937,155
Shares Outstanding: 213,339,761
2025-03-31
46.29%
Inst. Shares: 98,634,207
Shares Outstanding: 213,087,496

Tradeweb Markets Inc. (TW) — SEC Financial Statements & Analysis

Tradeweb Markets Inc. (TW) is a security & commodity brokers, dealers, exchanges & services company, incorporated in DE. Tradeweb Markets Inc. trades on Nasdaq as: TW. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Tradeweb Markets Inc. reported a 18.26% year-over-year revenue growth, a Gross Profit Margin of 67.98% (TTM), a Price-to-Sales (P/S) ratio of 11.57x (TTM), a Price-to-Book (P/B) ratio of 3.42 (TTM), at a market cap of $24.99B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
18.26%
Gross Profit Margin TTM
67.98%
P/S TTM
11.57x
P/B TTM
3.42
Market Cap
$24.99B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Tradeweb Markets Inc. in?

Tradeweb Markets Inc. (TW) operates in the Security & Commodity Brokers, Dealers, Exchanges & Services industry.

What is TW's market cap?

Tradeweb Markets Inc. (TW) has a market capitalization of $24.99B as of 2026-03-31.

What is TW's P/E ratio?

Tradeweb Markets Inc. (TW)'s trailing twelve month P/E ratio is 29.41x as of 2026-03-31.

What exchange does TW trade on?

Tradeweb Markets Inc. (TW) trades on the Nasdaq.

Where is Tradeweb Markets Inc. incorporated?

Tradeweb Markets Inc. is incorporated in DE.

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Tradeweb Markets Inc. (TW) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 90+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.