Operating
Tradeweb Markets Inc.·Cash Flow Statement·29 metrics
Breakdown
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Net income | $136.4M | $130.2M | $159.9M | $168.3M | $175.5M | $210.5M | $367.1M | $233.2M |
| Change in accrued liabilities | $40.9M | $54.6M | $46.3M | -$121.6M | — | — | $39.6M | -$141.2M |
| Accrued compensation and employee benefits | $40.9M | $54.6M | $46.3M | -$121.6M | — | — | $39.6M | -$141.2M |
| Net cash from operating activities | $285.7M | $292.1M | $282.0M | $60.2M | $409.2M | $342.3M | $355.9M | $103.8M |
| Change in accounts receivable | $40.3M | $599.0K | — | $46.6M | — | $8.4M | — | $95.9M |
| Depreciation and amortization | $49.9M | $57.9M | $62.9M | $62.7M | $63.0M | $64.4M | $60.1M | $60.7M |
| Change in accounts payable | — | $15.7M | — | $26.7M | $24.2M | $31.2M | $5.1M | -$26.4M |
| Change in deferred revenue | $688.0K | $993.0K | $1.4M | $16.1M | — | — | -$7.3M | $25.3M |
| Deferred revenue | $688.0K | $993.0K | $1.4M | $16.1M | — | — | -$7.3M | $25.3M |
| Stock-based compensation | $23.7M | $26.2M | $23.4M | $22.2M | $26.9M | $26.1M | $28.3M | $25.1M |
| Deferred income taxes | $8.9M | $13.3M | $2.0M | $9.6M | $5.2M | $8.9M | $68.7M | $21.4M |
| Change in other assets | -$2.1M | $5.3M | $9.7M | $18.6M | $12.2M | — | — | $8.8M |
| Increase (Decrease) in Other Operating Assets | -$2.1M | $5.3M | $9.7M | $18.6M | $12.2M | — | — | $8.8M |
| Increase Decrease Due From Affiliates | $863.0K | -$4.4M | $8.6M | -$6.6M | -$14.0M | -$1.4M | — | -$7.4M |
| Change in Broker-Dealer Receivables | -$22.2M | — | -$11.7M | $31.0M | — | $11.6M | — | -$4.7M |
| Digital Assets Received As Revenue | $166.5K | $166.5K | $166.5K | $302.0K | — | — | — | $3.7M |
| Other non-cash income (expense) | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other non-cash income (expense) | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other working capital changes | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other Non-Cash Income (Expense) | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other Non-cash Income (Expense) | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other Non-cash Income (Expense) | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other non-cash income (expense) | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other Noncash Income (Expense) | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other Non-cash Income and Expense | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other Non-Cash Adjustments | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Other Non-Cash Income and Expense | $0.0 | $10.0K | -$1.1M | $4.2M | $12.7M | $39.4M | $207.1M | -$1.2M |
| Increase (Decrease) in Deposit Assets | — | $1.8M | — | $47.2M | — | — | — | -$864.0K |
| Increase (Decrease) In Deferred Tax Assets | $0.0 | $0.0 | $23.9M | -$17.6M | — | — | -$6.2M | $0.0 |