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Tradeweb Markets Inc. TW Return on invested capital

Return on invested capital at other companies

Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
10.6%+1.4pp
CME Group logo
CME GroupCME
15.4%+1.6pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
8.5%+1.4pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
48.8%+25.0pp
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
12.6%-191pp
Broadridge Financial Solutions logo
Broadridge Financial SolutionsBR
20.7%+1.8pp

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 return on invested capital?
Tradeweb Markets Inc. (TW) reported return on invested capital of 15.2% in Q1 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 22.1% year-over-year, from 12.5% to 15.2%.
What is the long-term trend for Tradeweb Markets Inc.'s return on invested capital?
Over 4 years (2021 to 2025), Tradeweb Markets Inc.'s return on invested capital has grown at a 17.5% compound annual growth rate (CAGR), from 28.4% to 54.1%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.