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Tradeweb Markets Inc. TW Free cash flow margin

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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$21.4B-28.9%
Enterprise value$19.49B-31.6%
P/E23.9×-30.1×
P/S9.7×-5.9×

Profitability

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Operating margin43.7%+4.8pp
Net margin40.7%+11.8pp

Returns & leverage

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

Where this comes from

Calculated from Tradeweb Markets Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Tradeweb Markets Inc.’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 7:04 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001758730-26-000133

FAQ

What is Tradeweb Markets Inc.'s free cash flow margin?
Tradeweb Markets Inc. (TW) reported free cash flow margin of 51.9% in Q2 2026.
How has Tradeweb Markets Inc.'s free cash flow margin changed year-over-year?
Tradeweb Markets Inc.'s free cash flow margin decreased by 0.3% year-over-year, from 52% to 51.9%.
What is the long-term trend for Tradeweb Markets Inc.'s free cash flow margin?
Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s free cash flow margin has grown at a 2.6% compound annual growth rate (CAGR), from 48.4% to 54.9%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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