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Tradeweb Markets Inc.

TW · XNAS

CIK 1758730fmd_03G9ZPWBEJC2SQCX6A7AKJV12MFinance, Insurance and Real Estate · Security & Commodity Brokers, Dealers, Exchanges & ServicesTemplate: Capital markets

Coverage: Jan 01, 2017 to Sep 30, 2026, 36 periods

Latest annual · FY2025

Millions
Total revenues
2,052
Operating income
835
Net income
813
Free cash flow
1,127

Latest quarter · Q3 FY2026

Millions
Total revenues
585
Operating income
253
Net income
197
Free cash flow
338

Daily close · TWIEX trades only

Nov 13, 2025 to Nov 11, 2026 · 250 sessions

130.59 USD

90100110120130140Nov 13, 2025May 14, 2026Nov 11, 2026Vol

Built from trades executed at IEX only, one exchange with a small share of US volume. This is not the consolidated tape. The close is the last IEX trade of the session, not the official closing price. Earlier sessions are divided by the later split ratios the API confirmed against IEX prices; dividends are not adjusted. Switch to As traded for the prices as they printed. End of day, not real time: a session is published the day after it trades.

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Open Financials

Key stats

Open Analysis

Compound annual growth

Revenue, 3 yearsFY2022 to FY2025
+20.0%
Revenue, 5 yearsFY2020 to FY2025
+18.1%
Net income, 5 yearsFY2020 to FY2025
+37.3%

Tradeweb Markets Inc. (TW) financials: quick answers

Annual figures as filed with the SEC. Each number links to the filing it came from and to its proof.

MetricFY2025FY2024ChangeSource
Revenue$2.1 billion$1.7 billion+18.9%10-K 2026-02-05 · proof
Operating income$835.3 million$678 million+23.2%10-K 2026-02-05 · proof
Net income$812.8 million$501.5 million+62.1%10-K 2026-02-05 · proof
Cash from operating activities$1.2 billion$897.7 million+30.1%10-K 2026-02-05 · proof
Free cash flow$1.1 billion$856.8 million+31.5%10-K 2026-02-05 · proof
Total assets$8.2 billion$7.3 billion+12.7%10-K 2026-02-05 · proof
Total liabilities$1 billion$869.1 million+15.1%10-K 2026-02-05 · proof
Cash and cash equivalents$2.1 billion$1.3 billion+55.5%10-K 2026-02-05 · proof
What was Tradeweb Markets Inc. (TW)'s revenue in fiscal 2025?
Tradeweb Markets Inc. (TW) reported revenue of $2.1 billion for fiscal 2025 (the year ended Dec 31, 2025), against $1.7 billion the year before (+18.9%). Source: the 10-K filed with the SEC on Feb 5, 2026. SEC
What was Tradeweb Markets Inc. (TW)'s operating income in fiscal 2025?
Tradeweb Markets Inc. (TW) reported operating income of $835.3 million for fiscal 2025 (the year ended Dec 31, 2025), against $678 million the year before (+23.2%). Source: the 10-K filed with the SEC on Feb 5, 2026. SEC
What was Tradeweb Markets Inc. (TW)'s net income in fiscal 2025?
Tradeweb Markets Inc. (TW) reported net income of $812.8 million for fiscal 2025 (the year ended Dec 31, 2025), against $501.5 million the year before (+62.1%). Source: the 10-K filed with the SEC on Feb 5, 2026. SEC
What was Tradeweb Markets Inc. (TW)'s cash from operating activities in fiscal 2025?
Tradeweb Markets Inc. (TW) reported cash from operating activities of $1.2 billion for fiscal 2025 (the year ended Dec 31, 2025), against $897.7 million the year before (+30.1%). Source: the 10-K filed with the SEC on Feb 5, 2026. SEC
What was Tradeweb Markets Inc. (TW)'s free cash flow in fiscal 2025?
Tradeweb Markets Inc. (TW) reported free cash flow of $1.1 billion for fiscal 2025 (the year ended Dec 31, 2025), against $856.8 million the year before (+31.5%). Source: the 10-K filed with the SEC on Feb 5, 2026. SEC
What are Tradeweb Markets Inc. (TW)'s total assets?
As of Dec 31, 2025, Tradeweb Markets Inc. (TW) reported total assets of $8.2 billion, against $7.3 billion a year earlier (+12.7%). Source: the 10-K filed with the SEC on Feb 5, 2026. SEC
What are Tradeweb Markets Inc. (TW)'s total liabilities?
As of Dec 31, 2025, Tradeweb Markets Inc. (TW) reported total liabilities of $1 billion, against $869.1 million a year earlier (+15.1%). Source: the 10-K filed with the SEC on Feb 5, 2026. SEC
What are Tradeweb Markets Inc. (TW)'s cash and cash equivalents?
As of Dec 31, 2025, Tradeweb Markets Inc. (TW) reported cash and cash equivalents of $2.1 billion, against $1.3 billion a year earlier (+55.5%). Source: the 10-K filed with the SEC on Feb 5, 2026. SEC

Read from the FinancialMD API on Nov 13, 2026. Values change only when a new filing is made; see the Financials tab for every period and as-of replay.

The same numbers for an agent, with proof on every value:

curl "https://api.financial.md/v1/company/financials/income_statement/standardized?company=ticker:TW&period_type=annual&limit=5"

Information only, not investment advice.