Tradeweb Markets revenue and financials
$107.54Change from previous close: +0.40%Absolute change: +$0.43
In the fiscal year ended December 2025, Tradeweb Markets reported revenue of $2.05B (+18.92% year over year). Net income was $812.79M, a net margin of 39.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +18.92%
- 2025 vs 2024
- Net income growth
- +62.07%
- 2025 vs 2024
- Net margin
- 39.6%
- 2024: 29.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,168 | 898 | 746 | 633 | 578 | 443 | 311 | 225 |
| Depreciation and amortization | 250 | 220 | 185 | 179 | 171 | 154 | 139 | 68.6 |
| Capital expenditure | -40.6 | -41.0 | -18.5 | -23.2 | -16.9 | -11.5 | -15.8 | -13.5 |
| Investing cash flow | -127 | -969 | -133 | -60.1 | -259 | — | — | — |
| Financing cash flow | -307 | -290 | -168 | -277 | -136 | — | — | — |
| Dividends paid | -102 | -85.2 | -75.9 | -66.0 | -64.6 | — | — | — |
| Share repurchases | -104 | -59.1 | -35.2 | -99.3 | -75.7 | 0.0 | 0.0 | — |
| Effect of exchange rates | 10.8 | -4.5 | 4.1 | -10.8 | -2.0 | — | — | — |
| Net change in cash | 744 | -366 | 449 | 285 | 181 | — | — | — |
| Free cash flow | 1,127 | 857 | 728 | 610 | 561 | — | — | — |