Financial Ratios Tradeweb Markets Inc.

Equities

TW

US8926721064

Financial & Commodity Market Operators

Market Closed - Nasdaq Other stock markets 16:00:00 2025-07-16 EDT			5-day change	1st Jan Change
136.14 ^USD	+1.30%		-0.35%	+3.99%

07-09	BofA Adjusts Price Target on Tradeweb Markets to $210 From $208	MT
07-07	Tradeweb June Trading Volume at $52 Trillion, Average Daily Volume Up 26% YoY	MT

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Published financial data: TRADEWEB MARKETS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest Expense, Total	316K	1.59M	-	-	4.28M
Net Interest Income	-316K	-1.59M	-	-	-4.28M
Brokerage Commission	163M	-	-	-	-
Other Revenues, Total	730M	1.08B	1.19B	1.34B	1.73B
Revenues Before Provison For Loan Losses	892M	1.07B	1.19B	1.34B	1.72B
Total Revenues	892M	1.07B	1.19B	1.34B	1.72B
Salaries And Other Employee Benefits	350M	404M	417M	460M	586M
Cost of Services Provided, Total	126M	134M	164M	179M	216M
Depreciation & Amortization - (IS) - (Collected)	154M	171M	179M	185M	220M
Other Operating Expenses	-	-	-	-	-
Total Operating Expenses	629M	710M	760M	825M	1.02B
Operating Income	263M	365M	429M	513M	700M
Currency Exchange Gains (Loss)	-	-	-	-1.29M	-
Other Non Operating Income (Expenses)	11.42M	12.74M	25.56M	55.1M	81.95M
EBT, Excl. Unusual Items	274M	378M	454M	567M	782M
Restructuring Charges	-	-	-	-	-2.9M
Total Merger & Related Restructuring Charges	-	-5.07M	-1.07M	-8.04M	-20.5M
Gain (Loss) on Sale of Investments	-	-	-1M	-11.1M	-1.3M
Other Unusual Items	-	-3M	-15M	-	-2.7M
EBT, Incl. Unusual Items	274M	370M	437M	548M	754M
Income Tax Expense	56.07M	96.88M	77.52M	128M	184M
Earnings From Continuing Operations	218M	273M	360M	420M	570M
Net Income to Company	218M	273M	360M	420M	570M
Minority Interest	-52.09M	-46.28M	-50.28M	-54.64M	-68.46M
Net Income - (IS)	166M	227M	309M	365M	502M
Preferred Dividend and Other Adjustments	-	-	244K	467K	389K
Net Income to Common Incl Extra Items	166M	227M	309M	364M	501M
Net Income to Common Excl. Extra Items	166M	227M	309M	364M	501M
Per Share Items
Net EPS - Basic	0.92	1.13	1.5	1.73	2.35
Basic EPS - Continuing Operations	0.92	1.13	1.5	1.73	2.35
Basic Weighted Average Shares Outstanding	180M	201M	206M	211M	213M
Net EPS - Diluted	0.88	1.09	1.48	1.71	2.33
Diluted EPS - Continuing Operations	0.88	1.09	1.48	1.71	2.33
Diluted Weighted Average Shares Outstanding	188M	207M	208M	213M	215M
Normalized Basic EPS	0.66	0.94	1.14	1.42	1.97
Normalized Diluted EPS	0.63	0.92	1.12	1.41	1.95
Dividend Per Share	0.32	0.32	0.32	0.36	0.4
Payout Ratio	34.93	28.47	21.34	20.8	17
Supplemental Items
Total Revenues (As Reported)	893M	1.08B	1.19B	1.34B	1.73B
Effective Tax Rate - (Ratio)	20.43	26.18	17.73	23.45	24.45
Current Domestic Taxes	-11.27M	10.36M	23.5M	35.92M	138M
Current Foreign Taxes	2.15M	1.11M	1.15M	2.66M	14.41M
Total Current Taxes	-9.12M	11.47M	24.66M	38.58M	152M
Deferred Domestic Taxes	65.42M	89.63M	55.21M	88.97M	30.08M
Deferred Foreign Taxes	-228K	-4.22M	-2.34M	925K	2.24M
Total Deferred Taxes	65.19M	85.41M	52.86M	89.9M	32.31M
Normalized Net Income	119M	190M	234M	300M	420M
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	-	3M	15M	-	89.65M
Stock-Based Comp., Other (Total)	40.1M	48.94M	51.64M	65.13M	-
Total Stock-Based Compensation	40.1M	51.94M	66.64M	65.13M	89.65M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	791M	972M	1.26B	1.71B	1.34B
Accounts Receivable, Total	368K	-	11.63M	381M	67.8M
Other Receivables	105M	130M	146M	169M	230M
Gross Property Plant And Equipment	-	108M	136M	155M	172M
Accumulated Depreciation	-	-56M	-73.8M	-95.8M	-92M
Net Property Plant And Equipment	63.25M	51.56M	62.35M	58.76M	79.52M
Goodwill	2.69B	2.78B	2.78B	2.82B	3.15B
Other Intangibles, Total	1.35B	1.34B	1.22B	1.14B	1.58B
Investment In Debt and Equity Securities	21.1M	21.1M	20M	8.9M	10.35M
Trading Asset Securities, Total	-	3.02M	-	-	-
Restricted Cash	1M	1M	1M	1M	1M
Other Current Assets, Total	11.67M	20.52M	23.91M	36.81M	54.7M
Deferred Tax Assets Long-Term (Collected)	580M	619M	689M	684M	659M
Other Long-Term Assets, Total	59.77M	52.86M	51.6M	59.48M	94.09M
Total Assets	5.68B	5.99B	6.26B	7.06B	7.27B
Liabilities
Accounts Payable, Total	31M	26.46M	52.52M	408M	160M
Accrued Expenses, Total	142M	167M	157M	166M	225M
Short-Term Borrowings	-	-	1M	22.39M	-
Current Portion of Leases	11.61M	8.1M	11.91M	12.32M	13.44M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	22.85M	16.23M	16.03M	15.14M	22.31M
Current Income Taxes Payable	2.7M	2.7M	2.7M	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	3.1M	1.9M	8.19M	26.8M	5.68M
Unearned Revenue Non Current	23.19M	24.93M	22.83M	25.75M	30.8M
Deferred Tax Liability Non-Current	19.42M	21.01M	21.25M	20.77M	42.89M
Other Non Current Liabilities	404M	412M	420M	431M	369M
Total Liabilities	661M	681M	714M	1.13B	869M
Common Stock, Total	2K	2K	2K	2K	2K
Additional Paid In Capital	4.14B	4.4B	4.58B	4.74B	4.81B
Retained Earnings	156M	243M	387M	640M	997M
Comprehensive Income and Other	4.31M	1.6M	-10.11M	-5.39M	-9.98M
Total Common Equity	4.3B	4.65B	4.95B	5.37B	5.8B
Minority Interest	716M	663M	593M	558M	599M
Total Equity	5.02B	5.31B	5.55B	5.93B	6.4B
Total Liabilities And Equity	5.68B	5.99B	6.26B	7.06B	7.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	199M	204M	208M	213M	213M
ECS Total Common Shares Outstanding	195M	203M	208M	212M	213M
Book Value / Share	22.07	22.86	23.85	25.35	27.24
Tangible Book Value	257M	527M	956M	1.42B	1.07B
Tangible Book Value Per Share	1.32	2.59	4.61	6.7	5.02
Total Debt	34.46M	24.33M	28.94M	49.85M	35.75M
Net Debt	-757M	-951M	-1.23B	-1.66B	-1.3B
Full Time Employees	961	1.05K	1.09K	1.18K	1.41K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	166M	227M	309M	365M	502M
Depreciation, Depletion & Amortization	18.29M	20.89M	19.5M	21.24M	22.75M
Amortization of Goodwill and Intangible Assets - (CF)	99.4M	103M	107M	108M	124M
Total Depreciation, Depletion & Amortization	118M	124M	127M	130M	147M
Amortization of Deferred Charges, Total	36.1M	47.12M	52.18M	55.81M	72.85M
(Gain) Loss on Sale of Investments - (CF)	-	-	1M	-	-
Stock-Based Compensation (CF)	39.29M	51.94M	66.64M	65.13M	89.65M
Change in Accounts Receivable	-11.55M	-22.25M	-17.6M	-50.03M	-14.9M
Change in Accounts Payable	11.19M	-3.48M	10.2M	2.19M	29.76M
Change in Unearned Revenues	-807K	1.14M	-1.99M	2.8M	4.58M
Change In Deferred Taxes	-	-	-	-	-23.86M
Change in Other Net Operating Assets (Collected)	-20.84M	33.59M	-3.13M	8.62M	-3.15M
Other Operating Activities	106M	119M	89.48M	167M	94.15M
Cash from Operations	443M	578M	633M	746M	898M
Capital Expenditure	-11.49M	-16.88M	-23.21M	-18.53M	-40.96M
Cash Acquisitions	-	-208M	-	-69.71M	-860M
Purchase / Sale of Intangible Assets	-31.05M	-34.47M	-36.88M	-43.24M	-47.91M
Investment in Marketable and Equity Securities, Total	-20M	-	-	-	-20.2M
Other Investing Activities, Total	-	-	-	-1.29M	-
Cash from Investing	-62.54M	-259M	-60.1M	-133M	-969M
Issuance of Common Stock	727M	93.1M	10.19M	15.24M	6.74M
Repurchase of Common Stock	-76.18M	-147M	-201M	-86.55M	-107M
Common Dividends Paid	-58.09M	-64.57M	-66.01M	-75.91M	-85.23M
Common & Preferred Stock Dividends Paid	-58.09M	-64.57M	-66.01M	-75.91M	-85.23M
Other Financing Activities, Total	-646M	-17.93M	-19.89M	-20.96M	-105M
Cash from Financing	-52.69M	-136M	-277M	-168M	-290M
Foreign Exchange Rate Adjustments	2.56M	-2.04M	-10.84M	4.09M	-4.46M
Net Change in Cash	331M	181M	285M	449M	-366M
Supplemental Items
Cash Interest Paid	-	-	-	-	2.57M
Cash Income Tax Paid (Refund)	19.1M	3.88M	13.2M	28.64M	152M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.05	4.68	5.87	6.3	7.96
Return On Equity %	4.54	5.29	6.63	7.31	9.24
Return on Common Equity	4.33	5.07	6.44	7.06	8.97
Margin Analysis
Gross Profit Margin %	94.68	94.77	94.46	94.21	94.27
SG&A Margin	47.97	44.85	43.36	42	40.85
Income From Continuing Operations Margin %	24.47	25.41	30.25	31.35	33.11
Net Income Margin %	18.64	21.1	26.02	27.26	29.13
Net Avail. For Common Margin %	18.64	21.1	26	27.23	29.11
Normalized Net Income Margin	13.39	17.68	19.65	22.4	24.4
Asset Turnover
Asset Turnover	0.17	0.18	0.19	0.2	0.24
Short Term Liquidity
Current Ratio	4.77	5.45	6.16	3.61	4.19
Quick Ratio	4.7	5.35	6.05	3.55	4.05
Operating Cash Flow to Current Liabilities	2.32	2.8	2.71	1.17	2.22
Long Term Solvency
Total Debt/Equity	0.69	0.46	0.52	0.84	0.56
Total Debt / Total Capital	0.68	0.46	0.52	0.83	0.56
LT Debt/Equity	0.46	0.31	0.29	0.26	0.35
Long-Term Debt / Total Capital	0.45	0.3	0.29	0.25	0.35
Total Liabilities / Total Assets	11.63	11.37	11.4	15.98	11.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.06	20.45	10.6	12.57	28.85
Gross Profit, 1 Yr. Growth %	14.74	20.57	10.23	12.27	28.95
Earnings From Cont. Operations, 1 Yr. Growth %	26.22	25.06	31.67	16.65	35.87
Net Income, 1 Yr. Growth %	31.85	36.4	36.38	17.95	37.45
Normalized Net Income, 1 Yr. Growth %	27.17	59.07	22.94	28.34	40.89
Diluted EPS Before Extra, 1 Yr. Growth %	62.96	23.86	35.78	15.54	36.26
Common Equity, 1 Yr. Growth %	27.37	7.95	6.63	8.48	7.94
Total Assets, 1 Yr. Growth %	11.47	5.46	4.51	12.77	2.95
Tangible Book Value, 1 Yr. Growth %	-133.28	104.95	81.59	48.43	-24.66
Cash From Operations, 1 Yr. Growth %	42.52	30.41	9.48	17.9	20.33
Capital Expenditures, 1 Yr. Growth %	-27.19	46.89	37.54	-20.18	121.06
Dividend Per Share, 1 Yr. Growth %	33.33	0	0	12.5	11.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.18	17.72	15.42	11.58	20.44
Gross Profit, 2 Yr. CAGR %	14.19	17.62	15.29	11.25	20.32
Earnings From Cont. Operations, 2 Yr. CAGR %	17.03	25.64	28.32	23.94	25.89
Net Income, 2 Yr. CAGR %	2.12	34.11	36.39	26.83	27.33
Normalized Net Income, 2 Yr. CAGR %	-2.64	42.23	39.85	25.88	34.31
Diluted EPS Before Extra, 2 Yr. CAGR %	-97.06	42.07	29.68	25.25	25.47
Common Equity, 2 Yr. CAGR %	-2.98	17.26	7.29	7.55	8.21
Total Assets, 2 Yr. CAGR %	6.61	8.43	4.98	8.56	7.75
Tangible Book Value, 2 Yr. CAGR %	-11.23	-17.42	92.92	64.17	5.75
Cash From Operations, 2 Yr. CAGR %	26.41	36.33	19.49	13.61	19.11
Capital Expenditures, 2 Yr. CAGR %	-13.67	3.42	42.14	4.78	32.83
Dividend Per Share, 2 Yr. CAGR %	-	15.47	0	6.07	11.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.6	16.24	15.3	14.46	17
Gross Profit, 3 Yr. CAGR %	16.6	16.28	15.11	14.27	16.8
Earnings From Cont. Operations, 3 Yr. CAGR %	37.7	19.64	27.62	24.31	27.79
Net Income, 3 Yr. CAGR %	25.74	12.46	34.86	29.94	30.27
Normalized Net Income, 3 Yr. CAGR %	8.82	14.67	35.49	35.9	30.47
Diluted EPS Before Extra, 3 Yr. CAGR %	-88.28	-89.78	39.94	24.79	28.82
Common Equity, 3 Yr. CAGR %	63.4	0.53	13.61	7.68	7.68
Total Assets, 3 Yr. CAGR %	62.78	6.23	7.1	7.52	6.66
Tangible Book Value, 3 Yr. CAGR %	17.2	17.33	7.39	76.77	26.63
Cash From Operations, 3 Yr. CAGR %	25.44	27.73	26.72	18.96	15.81
Capital Expenditures, 3 Yr. CAGR %	-5.14	3.06	13.73	17.27	34.38
Dividend Per Share, 3 Yr. CAGR %	-	-	10.06	4	7.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	15.76	16.12	14.35	17.29
Gross Profit, 5 Yr. CAGR %	-	15.82	16.07	14.24	17.13
Earnings From Cont. Operations, 5 Yr. CAGR %	-	24	33.87	21.34	26.93
Net Income, 5 Yr. CAGR %	-	19.48	29.9	18	31.79
Normalized Net Income, 5 Yr. CAGR %	-	20.7	20.31	18.93	34.94
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-71.82	-69.35	-72.15	33.97
Common Equity, 5 Yr. CAGR %	-	35.3	38.09	3.28	11.41
Total Assets, 5 Yr. CAGR %	-	35.31	36.59	7.15	7.36
Tangible Book Value, 5 Yr. CAGR %	-	25.61	43.05	34.2	6.73
Cash From Operations, 5 Yr. CAGR %	-	27.46	23.02	21.88	23.62
Capital Expenditures, 5 Yr. CAGR %	-	11.04	11.52	3.75	21.02
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	10.76