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Tradeweb Markets Inc. TW Interest coverage

Interest coverage at other companies

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Nasdaq, Inc.NDAQ
6.8×+2.0×
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CME GroupCME
25.3×+0.2×
Intercontinental Exchange logo
Intercontinental ExchangeICE
6.7×+1.6×
Cboe Global Markets logo
Cboe Global MarketsCBOE
30.7×+7.9×
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
8.1×-19.3×
The Carlyle Group logo
The Carlyle GroupCG
-6.2×

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 interest coverage?
Tradeweb Markets Inc. (TW) reported interest coverage of 464.4× in Q1 2026.
How has Tradeweb Markets Inc.'s interest coverage changed year-over-year?
Tradeweb Markets Inc.'s interest coverage increased by 104.6% year-over-year, from 227× to 464.4×.
What is the long-term trend for Tradeweb Markets Inc.'s interest coverage?
Over 2 years (2023 to 2025), Tradeweb Markets Inc.'s interest coverage has grown at a 15.2% compound annual growth rate (CAGR), from 968.6× to 1,285.4×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.