Other

Tax Receivable Agreement – Interest

Tradeweb Markets Inc. Tax Receivable Agreement – Interest decreased by 10.5% to $15.17M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 10.5%, from $16.94M to $15.17M. Over 5 years (FY 2020 to FY 2025), Tax Receivable Agreement – Interest shows relatively stable performance with a 1.8% CAGR.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2019
Last reportedQ4 2025

How to read this metric

A higher asset value indicates significant potential tax savings, but also implies future cash outflows to TRA beneficiaries.

Detailed definition

This represents the asset value associated with a Tax Receivable Agreement (TRA), typically arising from historical corp...

Peer comparison

Specific to companies that underwent an Up-C structure or similar IPO tax-sharing arrangements.

Metric ID: other_deferred_tax_assets_tax_receivable_agreement_944ac0

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$13.39M$14.92M$16.80M$16.94M$15.17M
QoQ Change+11.4%+12.6%+0.8%-10.5%
YoY Change+11.4%+12.6%+0.8%-10.5%
Range$13.39M$16.94M
CAGR+13.2%
Avg YoY Growth+3.6%
Median YoY Growth+6.1%

Frequently Asked Questions

What is Tradeweb Markets Inc.'s tax receivable agreement – interest?
Tradeweb Markets Inc. (TW) reported tax receivable agreement – interest of $15.17M in Q4 2025.
How has Tradeweb Markets Inc.'s tax receivable agreement – interest changed year-over-year?
Tradeweb Markets Inc.'s tax receivable agreement – interest decreased by 10.5% year-over-year, from $16.94M to $15.17M.
What is the long-term trend for Tradeweb Markets Inc.'s tax receivable agreement – interest?
Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s tax receivable agreement – interest has grown at a 1.8% compound annual growth rate (CAGR), from $13.86M to $15.17M.
What does tax receivable agreement – interest mean?
The value of tax benefits the company is contractually obligated to share with previous owners.