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Tradeweb Markets Inc. TW Noncontrolling interests in subsidiaries

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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$21.65B-24.8%
Enterprise value$19.74B-27.4%
P/E24.1×-27.4×
P/S9.8×-5.1×

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

Reported directly by Tradeweb Markets Inc. in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

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

Filed
Jul 30, 2026, 7:04 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001758730-26-000133
Line itemJune 30, 2026December 31, 2025
Class D common stock, $0.00001 par value; 300,000,000 shares authorized; 5,056,868 and 5,056,868 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital4,931,5164,895,810
Accumulated other comprehensive income (loss)15,91210,899
Retained earnings1,687,1011,601,044
Total stockholders’ equity attributable to Tradeweb Markets Inc.6,634,5316,507,755
Non-controlling interests703,623681,482
Total equity7,338,1547,189,237
Total liabilities and equity$8,250,843$8,189,557

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Tradeweb Markets Inc.'s noncontrolling interests in subsidiaries?
Tradeweb Markets Inc. (TW) reported noncontrolling interests in subsidiaries of $703.62M in Q2 2026.
How has Tradeweb Markets Inc.'s noncontrolling interests in subsidiaries changed year-over-year?
Tradeweb Markets Inc.'s noncontrolling interests in subsidiaries increased by 12.0% year-over-year, from $628.51M to $703.62M.
What is the long-term trend for Tradeweb Markets Inc.'s noncontrolling interests in subsidiaries?
Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s noncontrolling interests in subsidiaries has grown at a -1.0% compound annual growth rate (CAGR), from $715.71M to $681.48M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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