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Tradeweb Markets Inc. TW Accrued Expenses

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Other financials

Income statement

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Revenue$558.9M+9.0%
Operating income$245.3M+22.7%
Net income$181.3M+17.9%
EPS (diluted)$0.85+19.7%

Balance sheet

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Cash & equivalents$2.1B+26.2%
Total debt$150.3M+365%
Total equity$6.6B+8.8%
Total assets$8.3B+2.4%

Cash flow

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Operating cash flow$394.1M-3.7%
CapEx$8.3M+52.5%
Free cash flow$385.8M-4.4%

Valuation

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Market cap$21.88B-24.0%
Enterprise value$19.97B-26.5%
P/E24.4×-27.2×
P/S9.9×-5.0×

Profitability

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Operating margin43.7%+4.8pp
Net margin40.7%+11.8pp
FCF margin51.9%-0.2pp

Returns & leverage

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Return on equity14.1%+4.6pp
Debt / equity0.0×

Where this comes from

Reported directly by Tradeweb Markets Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExaminationPenaltiesAccrued.

The source filing: Tradeweb Markets Inc.’s 10-K, filed February 5, 2026.

Filed
Feb 5, 2026, 7:02 AM EST
Fiscal year
FY2025
Accession
0001758730-26-000015

The Company recognizes interest and penalties related to income taxes within the provision for income taxes in the consolidated statements of income. Accrued interest and penalties are included within accounts payable, accrued expenses and other liabilities in the consolidated statements of financial condition. The total amount of interest and penalties payable as of December 31, 2025 was $2.6 million and $0.2 million, respectively.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is Tradeweb Markets Inc.'s accrued expenses?
Tradeweb Markets Inc. (TW) reported accrued expenses of $200K in Q4 2025.
How has Tradeweb Markets Inc.'s accrued expenses changed year-over-year?
Tradeweb Markets Inc.'s accrued expenses increased by 100.0% year-over-year, from $100K to $200K.
What is the long-term trend for Tradeweb Markets Inc.'s accrued expenses?
Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s accrued expenses has grown at a -16.7% compound annual growth rate (CAGR), from $500K to $200K.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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