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Tradeweb Markets Inc. TW Net debt / EBITDA

Net debt / EBITDA at other companies

BGC Group, Inc. logo
BGC Group, Inc.BGC
2.5×+0.1×
Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
2.7×+0.5×
CME Group logo
CME GroupCME
0.4×0.0×
MarketAxess logo
MarketAxessMKTX
-0.6×-0.2×
Intercontinental Exchange logo
Intercontinental ExchangeICE
2.8×-0.2×
WisdomTree logo
WisdomTreeWT
-3×-3.2×

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
FCF margin51.9%-0.2pp

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 the most recent quarter.

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 net debt / EBITDA?
Tradeweb Markets Inc. (TW) reported net debt / EBITDA of -1.6× in Q2 2026.
How has Tradeweb Markets Inc.'s net debt / EBITDA changed year-over-year?
Tradeweb Markets Inc.'s net debt / EBITDA increased by 1.6% year-over-year, from -1.6× to -1.6×.
What is the long-term trend for Tradeweb Markets Inc.'s net debt / EBITDA?
Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s net debt / EBITDA has grown at a -0.3% compound annual growth rate (CAGR), from -1.8× to -1.8×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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