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Tradeweb Markets Inc. TW Return on invested capital

Return on invested capital at other companies

BGC Group, Inc. logo
BGC Group, Inc.BGC
13.1%+1.1pp
Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
10.8%+0.7pp
CME Group logo
CME GroupCME
15.3%+1.1pp
MarketAxess logo
MarketAxessMKTX
41.5%+16.7pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
8.7%+1.2pp
WisdomTree logo
WisdomTreeWT
62.5%+33.7pp

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 trailing twelve months.

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 return on invested capital?
Tradeweb Markets Inc. (TW) reported return on invested capital of 16.4% in Q2 2026.
How has Tradeweb Markets Inc.'s return on invested capital changed year-over-year?
Tradeweb Markets Inc.'s return on invested capital increased by 20.6% year-over-year, from 13.6% to 16.4%.
What is the long-term trend for Tradeweb Markets Inc.'s return on invested capital?
Over 5 years (2020 to 2025), Tradeweb Markets Inc.'s return on invested capital has grown at a 17.5% compound annual growth rate (CAGR), from 6.5% to 14.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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