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Tradeweb Markets Inc. TW Business Segments — Labor and Related Expense

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Other financials

Income statement

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Revenue$617.8M+21.2%
Operating income$287.3M+40.7%
Net income$205.3M+38.3%
EPS (diluted)$0.96+39.1%

Balance sheet

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Cash & equivalents$1.9B+48.2%
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$21.22B-28.1%
Enterprise value$19.43B-30.3%
P/E24.4×-28.4×
P/S9.8×-5.4×

Profitability

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Operating margin42.5%+3.4pp
Net margin40.3%+11.6pp
FCF margin53.8%+5.4pp

Returns & leverage

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Return on equity13.8%+4.7pp
Debt / equity0.0×

Where this comes from

Reported directly by Tradeweb Markets Inc. in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

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 business segments — labor and related expense?
Tradeweb Markets Inc. (TW) reported business segments — labor and related expense of $197.79M in Q1 2026.
How has Tradeweb Markets Inc.'s business segments — labor and related expense changed year-over-year?
Tradeweb Markets Inc.'s business segments — labor and related expense increased by 11.8% year-over-year, from $176.88M to $197.79M.
What is the long-term trend for Tradeweb Markets Inc.'s business segments — labor and related expense?
Over 3 years (2022 to 2025), Tradeweb Markets Inc.'s business segments — labor and related expense has grown at a 15.8% compound annual growth rate (CAGR), from $432.42M to $670.83M.
What does business segments — labor and related expense mean?
Includes all salaries, bonuses, equity-based compensation, and benefits provided to employees directly supporting the reportable segment. This metric reflects the cost of human capital required to maintain, develop, and operate the electronic trading infrastructure. It is a critical component of the segment's operating cost structure.