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Tradeweb Markets Inc. TW Free cash flow margin

Free cash flow margin at other companies

Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
24.1%+0.4pp
CME Group logo
CME GroupCME
64.1%+3.2pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
35.7%+1.8pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
56.8%
Raymond James Financial logo
Raymond James FinancialRJF
16.2%+1.7pp
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
6.6%

Other financials

Income statement

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Revenue$617.8M+21.2%
Operating income$287.3M+40.7%
Net income$205.3M+38.4%
EPS (diluted)$0.96+39.1%

Balance sheet

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Cash & equivalents$1.9B+48.3%
Total debt$142.8M+343%
Total equity$6.6B+11.5%
Total assets$8.3B+12.6%

Cash flow

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Operating cash flow$103.8M+72.5%
CapEx$9.6M+483%
Free cash flow$94.2M+60.9%

Valuation

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Market cap$21.46B-20.9%
Enterprise value$19.67B-23.5%
P/E24.7×-27.1×
P/S9.9×-4.9×

Profitability

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Operating margin42.5%+3.4pp
Net margin40.3%+11.6pp

Returns & leverage

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Return on equity13.8%+4.7pp
Debt / equity0.0×

Where this comes from

Calculated from Tradeweb Markets Inc.’s reported figures.

Based on trailing twelve months.

The official record: Tradeweb Markets Inc.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tradeweb Markets Inc.'s free cash flow margin?
Tradeweb Markets Inc. (TW) reported free cash flow margin of 53.8% in Q1 2026.
How has Tradeweb Markets Inc.'s free cash flow margin changed year-over-year?
Tradeweb Markets Inc.'s free cash flow margin increased by 11.2% year-over-year, from 48.4% to 53.8%.
What is the long-term trend for Tradeweb Markets Inc.'s free cash flow margin?
Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s free cash flow margin has grown at a 0.5% compound annual growth rate (CAGR), from 203.6% to 207.9%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.