Discontinued — last reported Q4 '25
Operating
Tax receivable agreement liability adjustment
Year-over-year, this metric grew by 13.8%, from $8.60M to $9.79M.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryLeverage
SignalContext dependent
VolatilityModerate
First reportedQ4 2018
Last reportedQ4 2025Feb 5, 2026
How to read this metric
Changes reflect the ongoing impact of tax-sharing arrangements on the company's cash obligations.
Detailed definition
This adjustment relates to obligations under tax receivable agreements, often resulting from historical corporate restru...
Peer comparison
Specific to companies that underwent complex restructurings or IPOs; compared to peers with similar legacy tax structures.
Metric ID:
operating_tax_receivable_agreement_liability_adjustmentHistorical Data
13 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | Q4 '23 | Q3 '24 | Q4 '24 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.19M | $3.19M | $3.19M | $3.41M | $3.41M | $3.41M | $3.41M | $0.00 | -$9.52M | -$870.00K | $8.60M | $0.00 | $9.79M |
| QoQ Change | — | +0.0% | +0.0% | +7.1% | +0.0% | +0.0% | +0.0% | -100.0% | — | +90.9% | >999% | -100.0% | — |
| YoY Change | — | — | — | — | +7.1% | +7.1% | +7.1% | -100.0% | -378.8% | — | +190.4% | +100.0% | +13.8% |
Range-$9.52M – $9.79M
CAGR+45.4%
Avg YoY Growth-19.2%
Median YoY Growth+7.1%
Tax receivable agreement liability adjustment at Other Companies
Frequently Asked Questions
- What is Tradeweb Markets Inc.'s tax receivable agreement liability adjustment?
- Tradeweb Markets Inc. (TW) reported tax receivable agreement liability adjustment of $9.79M in Q4 2025.
- How has Tradeweb Markets Inc.'s tax receivable agreement liability adjustment changed year-over-year?
- Tradeweb Markets Inc.'s tax receivable agreement liability adjustment increased by 13.8% year-over-year, from $8.60M to $9.79M.
- What does tax receivable agreement liability adjustment mean?
- Adjustments to liabilities owed to former owners based on tax savings.