Tradeweb Markets Inc.
TW Nasdaq· Security & Commodity Brokers, Dealers, Exchanges & Services
Last close · Oct 27, 2026
$119.67
KIRA · Stoqly’s AI analyst, in plain words
- Tradeweb Markets Inc. had $2.1B of revenue in fiscal 2025, up 18.9% on the year before. Over five years, revenue changed +18.1% a year on average.
- Its operating margin was 40.7%, up 1.4 pts: of every 100 in sales, about 41 is left after running the business.
- Tradeweb Markets Inc. made $813M of net profit in fiscal 2025.
- Free cash flow was $1.1B in fiscal 2025, 54.9% of revenue.
- Tradeweb Markets Inc. returned $104M to shareholders in fiscal 2025, 9% of free cash flow. The diluted share count fell 0.0%.
Market cap
$25.5B
P/E
28.6x
Revenue
$2.1B
Net income
$813M
Free cash flow
$1.1B
Operating margin
40.7%
Tradeweb Markets Inc. in 30 seconds · fiscal 2025
Are sales growing?
+18.9%
Yes. Sales grew 18.9% last year.
Does it make a profit?
39.6%
Yes. It keeps 39.6% of every sale as profit.
Does profit turn into cash?
54.9%
Yes. 54.9% of sales ends up as free cash.
How is the share priced?
28.6x
One share costs 28.6 times its yearly profit per share.
What Tradeweb Markets Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 5, 2026
- Legal name
- Tradeweb Markets Inc.
- CIK
- 0001758730
Tradeweb Markets Inc. · TW
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.1B | $1.2B | $1.3B | $1.7B | $2.1B |
| Revenue growth | 20.6% | 10.4% | 12.6% | 29.0% | 18.9% |
| Net interest income | −$1.6M | $11.9M | $65.4M | — | — |
| Operating margin | 33.3% | 34.7% | 37.8% | 39.3% | 40.7% |
| Net income | $227M | $309M | $365M | $502M | $813M |
| Net margin | 21.1% | 26.0% | 27.3% | 29.1% | 39.6% |
| Diluted EPS | $1.09 | $1.48 | $1.71 | $2.33 | $3.78 |
| Cash | |||||
| Cash from operations | $578M | $633M | $746M | $898M | $1.2B |
| Capital expenditure | $16.9M | $23.2M | $18.5M | $41.0M | $40.6M |
| Free cash flow | $561M | $610M | $728M | $857M | $1.1B |
| FCF margin | 52.1% | 51.3% | 54.4% | 49.6% | 54.9% |
| Share buybacks | $75.7M | $99.3M | $35.2M | $59.1M | $104M |
| Share count change | 10.1% | 0.6% | 2.0% | 1.1% | −0.0% |
| Debt and strength | |||||
| Cash and short-term investments | $972M | $1.3B | $1.7B | $1.3B | $2.1B |
| Shareholders' equity | $4.6B | $5.0B | $5.4B | $5.8B | $6.5B |
| Interest coverage | — | 228.6x | 246.8x | 158.5x | 430.4x |
| Returns and quality | |||||
| Return on equity | 5.1% | 6.4% | 7.1% | 9.0% | 13.2% |
| Return on tangible equity | 33.1% | 28.1% | 23.5% | 36.6% | 36.8% |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$44.6M
8 insiders
Of sales under plans
95%
$42.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Tradeweb Markets Inc. · TW
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $119.67 a share, the company is worth $25.5B: 28.6 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001758730). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.