Tradeweb Markets Inc. Income Statement
TW / Financials|9 years of annual SEC 10-K data (FY2017-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 9 fiscal years. All figures from audited SEC 10-K filings.
Tradeweb Markets Inc. reported $2.1B in revenue and $813M in net income for FY2025. Revenue has grown at a 19.2% compound annual rate over the past 8 years.
Based on SEC 10-K filings.
Key Data Points
- Strong profit margin: 29.1%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B | $1.7B | $1.1B | $892.7M | $775.6M | $478.9M | $775.6M | $478.9M | $504.4M |
| Operating Income | $835.3M | $678.0M | $358.8M | $263.4M | $189.8M | $140.3M | $189.8M | $140.3M | $89.1M |
| Interest Expense | - | - | -$1.6M | -$316.0K | $2.4M | - | - | - | - |
| Income Tax | $253.5M | $184.4M | $96.9M | $56.1M | $52.3M | $11.9M | $52.3M | $11.9M | $6.1M |
| Net Income | $812.8M | $501.5M | $226.8M | $166.3M | $83.8M | $83.8M | $83.8M | $130.2M | $83.6M |
| EPS (Basic) | $1.73 | $1.50 | $1.13 | $0.92 | $0.57 | $0.60 | $0.57 | $0.60 | - |
| EPS (Diluted) | $1.71 | $1.48 | $1.09 | $0.88 | $0.54 | $0.60 | $0.54 | $0.60 | - |
| Shares Outstanding | 212.7M | 208.4M | 207.3M | 188.2M | 156.5M | 215.4M | 215.6M | 215.4M | 215.6M |
| Operating Margin | 40.7% | 39.3% | 33.3% | 29.5% | 24.5% | 29.3% | 24.5% | 29.3% | 17.7% |
| Profit Margin | 39.6% | 29.1% | 21.1% | 18.6% | 10.8% | 17.5% | 10.8% | 27.2% | 16.6% |