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Tradeweb Markets Free Cash Flow 2017-2026 | TW

Annual FY2017–FY2025 · quarterly through Q3 FY2026

Latest annual · FY2025

$1.13B

+31.5%YoY vs FY2024Source: 10-KFY2025

From $211.1M in FY2017 to $1.13B in FY2025: 5.3× in 8 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$94M+60.9%$386M−4.4%$338M+3.0%Not reported
FY25$59M+86.9%$404M+43.8%$328M+14.1%$337M+31.1%
FY24$31M−51.0%$281M+34.5%$288M+36.4%$257M+5.4%
FY23$64M+76.8%$209M+21.2%$211M+6.4%$244M+20.2%
FY22$36M−29.3%$172M+19.5%$198M+9.5%$203M+9.9%
Share7%30%31%32%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+21.2%

FY2020
$431.7M
FY2025
$1.13B

5 years selected · on the chart

Free Cash Flow History

Year-over-year comparison from 10-K annual reports

  1. $1.13B
YoY changeLargest recent move+46.2%in FY20Latest +31.5%

Free Cash Flow, period by period

PeriodValueChangeSource
FY2025$1.13B+31.5%10-K
FY2024$856.8M+17.8%10-K
FY2023$727.6M+19.3%10-K
FY2022$609.6M+8.6%10-K
FY2021$561.1M+30.0%10-K
FY2020$431.7M+46.2%10-K
FY2019$295.2M+39.8%10-K
FY2017$211.1M—10-K

What is Tradeweb Markets's current free cash flow?

Tradeweb Markets (TW) annual free cash flow for 2025 was $1.13B, a 31.55% increase from 2024. Tradeweb Markets free cash flow for the quarter ending September 30, 2026 was $338.0M.

What was Tradeweb Markets's free cash flow in 2024?

Tradeweb Markets annual free cash flow for 2024 was $856.8M, a 17.76% increase from 2023.

What was Tradeweb Markets's free cash flow in 2023?

Tradeweb Markets annual free cash flow for 2023 was $727.6M, a 19.35% increase from 2022.

What is Tradeweb Markets's 5-year free cash flow CAGR?

Tradeweb Markets free cash flow grew at a compound annual growth rate (CAGR) of 21.16% from FY2020 to FY2025, going from $431.7M to $1.13B over 5 years.

Company
Tradeweb Markets
Ticker
TW
Sector
Other
Industry
Security & Commodity Brokers, Dealers, Exchanges & Services