Tradeweb Markets Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Tradeweb Markets Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2020 | Dec 31, 2020 | $233.08M | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | $212.87M | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | $212.11M | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | $234.61M | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | $197.31M | Feb 25, 2021 |
| FY2020 | Sep 30, 2019 | $200.98M | Feb 25, 2021 |
| FY2020 | Jun 30, 2019 | $190.49M | Feb 25, 2021 |
| FY2020 | Mar 31, 2019 | $186.79M | Feb 25, 2021 |
| FY2020 | Dec 31, 2018 | $178.64M | Feb 25, 2021 |
| FY2020 | Sep 30, 2018 | $478.94M | Feb 25, 2021 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.05B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $1.73B | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $1.34B | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $1.19B | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $1.08B | Feb 9, 2024 |
| FY2020 | Dec 31, 2020 | $233.08M | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | $212.87M | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | $212.11M | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | $234.61M | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | $197.31M | Feb 25, 2021 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $812.79M | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $501.51M | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $364.87M | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $309.34M | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $226.83M | Feb 9, 2024 |
| FY2020 | Dec 31, 2020 | $55.06M | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | $36.81M | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | $30.50M | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | $43.93M | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | $41.33M | Feb 25, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $835.34M | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $678.03M | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $505.27M | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $412.57M | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $358.83M | Feb 9, 2024 |
| FY2020 | Dec 31, 2020 | $71.58M | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | $58.52M | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | $55.64M | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | $77.62M | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | $54.33M | Feb 25, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.17B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $897.74M | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $746.09M | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $632.82M | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $578.02M | Feb 9, 2024 |
| FY2022 | Dec 31, 2020 | $443.23M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $311.00M | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $112.56M | Feb 25, 2021 |
| FY2020 | Sep 30, 2018 | $164.83M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $224.58M | Mar 4, 2020 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $40.55M | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $40.96M | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $18.53M | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $23.21M | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $16.88M | Feb 9, 2024 |
| FY2022 | Dec 31, 2020 | $11.49M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $15.78M | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $9.09M | Feb 25, 2021 |
| FY2020 | Sep 30, 2018 | $6.33M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $13.46M | Mar 4, 2020 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.19B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $7.27B | Feb 5, 2026 |
| FY2024 | Dec 31, 2023 | $7.06B | Feb 7, 2025 |
| FY2023 | Dec 31, 2022 | $6.26B | Feb 9, 2024 |
| FY2022 | Dec 31, 2021 | $5.99B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $5.68B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $5.10B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $5.00B | Mar 4, 2020 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.00B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $869.11M | Feb 5, 2026 |
| FY2024 | Dec 31, 2023 | $1.13B | Feb 7, 2025 |
| FY2023 | Dec 31, 2022 | $713.82M | Feb 9, 2024 |
| FY2022 | Dec 31, 2021 | $681.24M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $660.69M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $502.59M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $410.63M | Mar 4, 2020 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.51B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $5.80B | Feb 5, 2026 |
| FY2024 | Dec 31, 2023 | $5.37B | Feb 7, 2025 |
| FY2023 | Dec 31, 2022 | $4.95B | Feb 9, 2024 |
| FY2022 | Dec 31, 2021 | $4.65B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $4.30B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $3.38B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $4.57B | Mar 4, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.15B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $3.15B | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $2.82B | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $2.78B | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $2.78B | Feb 9, 2024 |
| FY2022 | Dec 31, 2020 | $2.69B | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $2.69B | Feb 24, 2022 |
| FY2019 | Dec 31, 2018 | $2.69B | Mar 4, 2020 |
| FY2019 | Oct 1, 2018 | $2.69B | Mar 4, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.60B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $996.76M | Feb 5, 2026 |
| FY2024 | Dec 31, 2023 | $640.38M | Feb 7, 2025 |
| FY2023 | Dec 31, 2022 | $386.63M | Feb 9, 2024 |
| FY2022 | Dec 31, 2021 | $242.62M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $156.04M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $47.83M | Feb 25, 2021 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.08B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $1.34B | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $1.71B | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $1.26B | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $972.05M | Feb 9, 2024 |
| FY2022 | Dec 31, 2020 | $791.28M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $460.71M | Feb 24, 2022 |
| FY2019 | Dec 31, 2018 | $410.10M | Mar 4, 2020 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | 1 | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | 1 | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 9, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 25, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | 1 | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | 1 | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 9, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 25, 2021 |