Tradeweb Markets Cash Flow Statement
NASDAQ: TWFinanceInvestment Bankers/Brokers/ServiceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Tradeweb Markets free cash flow
In fiscal 2025, Tradeweb Markets generated $1.17 billion of operating cash flow and spent $40.6 million on capital expenditures. That left free cash flow of $1.13 billion, a free-cash-flow margin of 54.9% of revenue. Free cash flow was up 31.5% from the prior year's $856.8 million.
Tradeweb Markets returned $206.5 million to shareholders: $102.3 million in dividends and $104.2 million in share repurchases, equal to 18% of free cash flow. Free cash flow covered dividend payments 11.0 times.
Summary generated from market data by MetaCap's automated system. Methodology
Tradeweb Markets cash flow 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 |
|---|---|---|---|---|---|---|---|---|
| Net Income | 921.50M | 569.96M | 419.50M | 359.61M | 273.11M | 218.39M | 173.02M | 83.65M |
| Net Income growth (YoY) | +61.68% | +35.87% | +16.65% | +31.67% | +25.06% | +26.22% | +106.85% | — |
| Depreciation & Amortization | 250.19M | 220.00M | 185.35M | 178.88M | 171.31M | 153.79M | 139.33M | 68.61M |
| Stock-Based Compensation | 103.54M | 89.65M | 65.13M | 66.64M | 51.94M | 39.29M | 49.82M | 26.10M |
| Change in Working Capital | 38.55M | -21.33M | -20.02M | -11.14M | -18.69M | -36.34M | -17.39M | -466.00K |
| Operating Cash Flow | 1.17B | 897.74M | 746.09M | 632.82M | 578.02M | 443.23M | 311.00M | 224.58M |
| Capital Expenditures | -40.55M | -40.96M | -18.53M | -23.21M | -16.88M | -11.49M | -15.78M | -13.46M |
| Investing Cash Flow | -126.53M | -969.19M | -132.76M | -60.10M | -259.11M | -62.54M | -44.46M | -45.55M |
| Dividends Paid | -102.34M | -85.23M | -75.91M | -66.01M | -64.57M | -58.09M | -35.94M | — |
| Share Repurchases | -104.17M | -59.05M | -35.20M | -99.32M | -75.68M | 0 | 0 | — |
| Financing Cash Flow | -307.48M | -290.26M | -168.17M | -276.70M | -136.10M | -52.69M | -218.14M | -153.46M |
| Net Change in Cash | 744.44M | -366.17M | 449.24M | 285.18M | 180.77M | 330.57M | 50.41M | 28.72M |
| Free Cash Flow | 1.13B | 856.78M | 727.56M | 609.61M | 561.14M | 431.74M | 295.22M | 211.12M |
This table shows 8 annual periods of Tradeweb Markets's cash flow statement, from FY 2025 back to FY 2017, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow TW's reporting calendar. What is a cash flow statement?