FN2 Earnings Intelligence
Tradeweb Markets Inc. cash flow
Tradeweb Markets Inc. (TW) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - |
| - Cash | $972 | $1,257.2 | $1,706.5 | $1,340.3 | $2,084.7 |
| + Debt | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - |
| Revenue | $1,076.4 | $1,188.8 | $1,338.2 | $1,725.9 | $2,052.4 |
| % Growth | 20.6% | 10.4% | 12.6% | 29.0% | 18.9% |
| Gross Profit | - | - | - | - | - |
| % Margin | - | - | - | - | - |
| EBITDA | $530.1 | $591.5 | $690.6 | $898 | $1,085.5 |
| % Margin | 49.2% | 49.8% | 51.6% | 52.0% | 52.9% |
| Net Income | $226.8 | $309.3 | $364.9 | $501.5 | $812.8 |
| % Margin | 21.1% | 26.0% | 27.3% | 29.1% | 39.6% |
| Diluted EPS | $1.09 | $1.48 | $1.71 | $2.33 | $3.78 |
| % Growth | 23.9% | 35.8% | 15.5% | 36.3% | 62.2% |
| Operating Cash Flow | $578 | $632.8 | $746.1 | $897.7 | $1,167.6 |
| CapEx | $16.9 | $23.2 | $18.5 | $41 | $40.6 |
| Free Cash Flow | $561.1 | $609.6 | $727.6 | $856.8 | $1,127.1 |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue | $1,076.4 | $1,188.8 | $1,338.2 | $1,725.9 | $2,052.4 |
| Gross Profit | - | - | - | - | - |
| EBITDA | $530.1 | $591.5 | $690.6 | $898 | $1,085.5 |
| Net Income | $226.8 | $309.3 | $364.9 | $501.5 | $812.8 |
| Diluted EPS | $1.09 | $1.48 | $1.71 | $2.33 | $3.78 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $972 | $1,257.2 | $1,706.5 | $1,340.3 | $2,084.7 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $578 | $632.8 | $746.1 | $897.7 | $1,167.6 |
| Capital Expenditure | $16.9 | $23.2 | $18.5 | $41 | $40.6 |
| Free Cash Flow | $561.1 | $609.6 | $727.6 | $856.8 | $1,127.1 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 20.6% | 10.4% | 12.6% | 29.0% | 18.9% |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 49.2% | 49.8% | 51.6% | 52.0% | 52.9% |
| Net Margin | 21.1% | 26.0% | 27.3% | 29.1% | 39.6% |
| FCF Margin | 52.1% | 51.3% | 54.4% | 49.6% | 54.9% |
| Diluted EPS Growth | 23.9% | 35.8% | 15.5% | 36.3% | 62.2% |
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