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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 394 | 104 | 356 | 342 | 409 | 60.2 | 282 | 292 | 286 | 37.9 | 245 | 217 |
| Depreciation and amortization | 36.3 | 36.3 | 36.1 | 41.1 | 40.5 | 40.7 | 41.2 | 38.3 | 33.9 | 33.7 | 33.0 | 32.5 |
| Capital expenditure | -8.3 | -9.6 | -19.4 | -14.0 | -5.5 | -1.6 | -25.2 | -4.3 | -4.8 | -6.6 | -1.1 | -6.3 |
| Investing cash flow | -33.9 | -77.3 | -34.8 | -34.9 | -42.1 | -14.8 | -46.3 | -788 | -27.7 | -107 | -12.3 | -86.4 |
| Financing cash flow | -239 | -172 | -145 | -28.5 | -50.7 | -83.0 | -60.3 | -55.0 | -84.1 | -90.8 | -24.0 | -30.9 |
| Dividends paid | -29.7 | -29.8 | -25.6 | -25.6 | -25.6 | -25.6 | -21.3 | -21.3 | -21.3 | -21.3 | -19.1 | -19.0 |
| Share repurchases | -189 | -137 | -104 | -1.2 | -1.6 | -47.0 | -36.1 | -26.5 | -3.8 | -40.7 | -4.5 | -10.3 |
| Effect of exchange rates | -0.4 | -1.8 | 0.9 | -1.2 | 7.3 | 3.8 | -8.8 | 6.6 | -0.5 | -1.7 | 4.6 | -3.1 |
| Net change in cash | 121 | -147 | 177 | 278 | 324 | -33.8 | 167 | -544 | 173 | -162 | 213 | 97.0 |
| Free cash flow | 386 | 94.2 | 337 | 328 | 404 | 58.6 | 257 | 288 | 281 | 31.3 | 244 | 211 |