XNAS
TW
Market cap32bUSD
Jun 12, Last price
138.75USD
1D
1.44%
1Q
2.17%
IPO
279.31%
Name
Tradeweb Markets Inc
Chart & Performance
P/E
65.42
P/S
19.01
EPS
2.12
Div Yield, %
0.22%
Shrs. gr., 5y
6.54%
Rev. gr., 5y
17.35%
Revenues
1.73b
+28.97%
Net income
502m
+37.45%
CFO
898m
+20.33%
Dividend
Sep 03, 20240.1 USD/sh
Earnings
Jul 23, 2025
Profile
Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 45 markets across 25 currencies. It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory firms and traders with Tradeweb Direct platform. The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. Tradeweb Markets Inc. was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
| Income | |||||||||
Revenues | 1,725,949 28.97% | 1,338,219 12.57% | 1,188,781 10.44% | ||||||
Cost of revenue | 729,354 | 1,078,167 | 649,509 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 996,595 | 260,052 | 539,272 | ||||||
NOPBT Margin | 57.74% | 19.43% | 45.36% | ||||||
Operating Taxes | 184,439 | 128,477 | 77,520 | ||||||
Tax Rate | 18.51% | 49.40% | 14.37% | ||||||
NOPAT | 812,156 | 131,575 | 461,752 | ||||||
Net income | 501,507 37.45% | 364,866 17.95% | 309,338 36.38% | ||||||
Dividends | (85,232) | (75,909) | (66,006) | ||||||
Dividend yield | 0.30% | 0.39% | 0.49% | ||||||
Proceeds from repurchase of equity | (59,052) | (35,205) | (89,133) | ||||||
BB yield | 0.21% | 0.18% | 0.66% | ||||||
| Debt | |||||||||
Debt current | 27,943 | ||||||||
Long-term debt | 71,496 | 54,926 | 55,886 | ||||||
Deferred revenue | |||||||||
Other long-term liabilities | 222,959 | 1,026,693 | 150,884 | ||||||
Net debt | (1,268,806) | (1,660,634) | (1,193,406) | ||||||
| Cash flow | |||||||||
Cash from operating activities | 897,741 | 746,089 | 632,822 | ||||||
CAPEX | (40,960) | (18,529) | (60,096) | ||||||
Cash from investing activities | (969,190) | (132,765) | (60,096) | ||||||
Cash from financing activities | (290,261) | (168,174) | (276,703) | ||||||
FCF | 958,917 | (14,989) | 450,962 | ||||||
| Balance | |||||||||
Cash | 1,340,302 | 1,706,468 | 1,257,229 | ||||||
Long term investments | 9,092 | 20,006 | |||||||
Excess cash | 1,254,005 | 1,648,649 | 1,217,796 | ||||||
Stockholders' equity | 1,585,477 | 1,192,648 | 969,046 | ||||||
Invested Capital | 5,403,587 | 4,952,162 | 4,358,316 | ||||||
ROIC | 15.69% | 2.83% | 10.80% | ||||||
ROCE | 14.87% | 4.22% | 10.08% | ||||||
| EV | |||||||||
Common stock shares outstanding | 214,925 | 212,669 | 208,400 | ||||||
Price | 130.92 44.06% | 90.88 39.97% | 64.93 -35.16% | ||||||
Market cap | 28,137,950 45.59% | 19,327,341 42.83% | 13,531,415 -34.80% | ||||||
EV | 27,467,837 | 18,224,358 | 12,930,534 | ||||||
EBITDA | 1,216,594 | 445,402 | 718,151 | ||||||
EV/EBITDA | 22.58 | 40.92 | 18.01 | ||||||
Interest | 4,279 | 11,907 | |||||||
Interest/NOPBT | 0.43% | 2.21% | |||||||