Tradeweb Markets Financial Statements
NASDAQ: TWFinanceInvestment Bankers/Brokers/ServiceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 111.08 0.00%
Tradeweb Markets revenue and earnings
In fiscal 2025, Tradeweb Markets generated $2.05 billion in revenue, up 18.9% from fiscal 2024, its 7th consecutive year of revenue growth. Net income was $812.8 million (+62.1% year over year), for a net margin of 39.6% versus a median of 26.0% in the prior 5 years. Operating margin was 40.7%.
Diluted earnings per share came in at $3.78, up from $2.33. Over the last 5 fiscal years, TW's revenue has grown at a 18.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Tradeweb Markets income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.05B | 1.73B | 1.34B | 1.19B | 1.08B | 892.66M | 775.57M | 504.45M |
| Revenue growth (YoY) | +18.92% | +28.97% | +12.57% | +10.44% | +20.59% | +15.10% | +53.75% | — |
| Operating Income | 835.34M | 678.03M | 505.27M | 412.57M | 358.83M | 263.36M | 189.82M | 89.09M |
| Interest Expense | 1.94M | 4.28M | 2.05M | 1.80M | — | — | — | — |
| Other Income (Expense) | 263.38M | -1.11M | -13.12M | -1.00M | 0 | — | — | — |
| Pretax Income | 1.17B | 754.40M | 547.98M | 437.13M | 369.98M | 274.46M | 225.33M | 89.78M |
| Income Tax | 253.47M | 184.44M | 128.48M | 77.52M | 96.88M | 56.07M | 52.30M | 6.13M |
| Net Income | 812.79M | 501.51M | 364.87M | 309.34M | 226.83M | 166.30M | 83.77M | 83.65M |
| Net Income growth (YoY) | +62.07% | +37.45% | +17.95% | +36.38% | +36.40% | +98.52% | +0.14% | — |
| EPS (Basic) | 3.81 | 2.35 | 1.73 | 1.50 | 1.13 | 0.92 | 0.57 | — |
| EPS (Diluted) | 3.78 | 2.33 | 1.71 | 1.48 | 1.09 | 0.88 | 0.54 | — |
| Shares Outstanding (Basic) | 213.21M | 213.03M | 210.80M | 205.58M | 201.42M | 180.41M | 148.01M | 215.57M |
| Shares Outstanding (Diluted) | 214.90M | 214.92M | 212.67M | 208.40M | 207.25M | 188.22M | 156.54M | 215.57M |
| EBITDA | 1.09B | 898.03M | 690.62M | 591.45M | 530.14M | 417.14M | 329.15M | 157.71M |
| Operating Margin | 40.70% | 39.28% | 37.76% | 34.71% | 33.33% | 29.50% | 24.47% | 17.66% |
| Net Margin | 39.60% | 29.06% | 27.27% | 26.02% | 21.07% | 18.63% | 10.80% | 16.58% |
This table shows 8 annual periods of Tradeweb Markets's income statement, from FY 2025 back to FY 2017, across 14 line items including revenue, operating income, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow TW's reporting calendar. What is a income statement?