Tradeweb Markets Quarterly 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 the quarter ended Jun 30, 2026, Tradeweb Markets generated $394.1 million of operating cash flow and spent $8.3 million on capital expenditures. That left free cash flow of $385.8 million, a free-cash-flow margin of 69.0% of revenue. Free cash flow was down 4.4% from the prior year's $403.7 million.
Tradeweb Markets returned $217.0 million to shareholders: $29.7 million in dividends and $187.2 million in share repurchases, equal to 56% of free cash flow. Free cash flow covered dividend payments 13.0 times.
Summary generated from market data by MetaCap's automated system. Methodology
Tradeweb Markets cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 206.69M | 233.17M | 367.12M | 210.55M | 175.52M | 168.31M | 159.94M | 130.22M | 136.42M | 143.38M | 103.74M | 111.63M |
| Net Income growth (YoY) | +17.76% | +38.54% | +129.54% | +61.68% | +28.67% | +17.38% | +54.17% | +16.66% | +33.82% | +40.31% | +4.79% | +36.86% |
| Depreciation & Amortization | 61.49M | 60.71M | 60.09M | 64.35M | 63.05M | 62.70M | 62.85M | 57.87M | 49.94M | 49.34M | 47.50M | 46.56M |
| Stock-Based Compensation | 29.80M | 25.06M | 28.30M | 26.14M | 26.91M | 22.19M | 23.36M | 26.17M | 23.71M | 16.40M | 20.46M | 17.35M |
| Change in Working Capital | 42.27M | -105.71M | 16.66M | 25.46M | 18.89M | -22.46M | 6.20M | 10.79M | -47.40M | 9.08M | 5.01M | -8.68M |
| Operating Cash Flow | 394.11M | 103.83M | 355.95M | 342.30M | 409.19M | 60.21M | 282.02M | 292.13M | 285.67M | 37.91M | 244.76M | 217.39M |
| Capital Expenditures | -8.33M | -9.60M | -19.41M | -14.03M | -5.46M | -1.65M | -25.23M | -4.31M | -4.83M | -6.59M | -1.06M | -6.30M |
| Investing Cash Flow | -33.92M | -77.30M | -34.81M | -34.85M | -42.06M | -14.82M | -46.29M | -788.20M | -27.71M | -106.99M | -12.26M | -86.45M |
| Dividends Paid | -29.73M | -29.77M | -25.56M | -25.61M | -25.61M | -25.57M | -21.30M | -21.32M | -21.32M | -21.29M | -19.08M | -19.05M |
| Share Repurchases | -187.22M | -53.33M | -103.33M | 0 | 0 | -844.00K | -34.66M | -24.39M | 0 | 0 | -2.33M | -2.82M |
| Financing Cash Flow | -239.12M | -172.14M | -145.26M | -28.46M | -50.73M | -83.03M | -60.35M | -55.03M | -84.11M | -90.77M | -24.02M | -30.85M |
| Net Change in Cash | 120.63M | -147.44M | 176.82M | 277.80M | 323.67M | -33.85M | 166.57M | -544.50M | 173.35M | -161.59M | 213.06M | 97.01M |
| Free Cash Flow | 385.77M | 94.23M | 336.54M | 328.27M | 403.72M | 58.56M | 256.79M | 287.82M | 280.84M | 31.32M | 243.70M | 211.09M |
This table shows 12 quarterly periods of Tradeweb Markets's cash flow statement, from Q2 2026 back to Q3 2023, 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?