Tradeweb Markets (TW) Cash & Equivalents (2018 - 2026)
Tradeweb Markets' Cash & Equivalents was $2.06 billion in Q2 2026, up 26.2% from $1.63 billion a year earlier and up 6.2% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Cash & Equivalents (2018 - 2026) Analysis & Trends
At the end of FY2025, Cash & Equivalents at Tradeweb Markets came in at $2.08 billion, up 55.5% from FY2024.
- Cash & Equivalents shows a five-year compound annual growth rate of 21.4% (FY2020 to FY2025).
- In earlier years, Cash & Equivalents was $1.34 billion in FY2024 (-21.5%), $1.71 billion in FY2023 (+35.7%), $1.26 billion in FY2022 (+29.3%) and $972.05 million in FY2021 (+22.8%).
- Quarterly Cash & Equivalents has moved between $821.91 million (Q3 2021) and $2.08 billion (Q4 2025) over five years.
- Compared with a year earlier, Cash & Equivalents has increased for four straight quarters, with growth averaging 16.2% over the last eight quarters.
- The best year-over-year quarter for Cash & Equivalents over five years was Q3 2025 (growth of 62.6%); the worst was Q4 2024 (a decline of 21.5%).
- Per Business Quant data, TW's Cash & Equivalents in the three quarters before Q2 2026 was $1.94 billion (Q1 2026), $2.08 billion (Q4 2025) and $1.91 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.93 Bn | 98.03 Bn | - | 2.14 Bn |
| 2 | Intercontinental Exchange | 91.85 Bn | 85.66 Bn | - | 1.07 Bn |
| 3 | Robinhood Markets | 86.83 Bn | 67.92 Bn | - | 5.36 Bn |
| 4 | Nasdaq | 57.69 Bn | 55.13 Bn | 1.48 Bn | 365.00 Mn |
| 5 | Interactive Brokers | 37.07 Bn | 30.53 Bn | - | 7.71 Bn |
| 6 | Cboe Global Markets | 34.37 Bn | 26.02 Bn | 731.60 Mn | 2.28 Bn |
| 7 | Tradeweb Markets | 28.54 Bn | 21.25 Bn | - | 2.06 Bn |
| 8 | LPL Financial Holdings | 25.11 Bn | 20.43 Bn | - | 1.28 Bn |
| 9 | Circle Internet | 20.23 Bn | 14.11 Bn | 288.85 Mn | 1.73 Bn |
| 10 | Xp | 15.26 Bn | -6.57 Bn | 105.39 Mn | 1.54 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.06 Bn |
| Mar 31, 2026 | 1.94 Bn |
| Dec 31, 2025 | 2.08 Bn |
| Sep 30, 2025 | 1.91 Bn |
| Jun 30, 2025 | 1.63 Bn |
| Mar 31, 2025 | 1.31 Bn |
| Dec 31, 2024 | 1.34 Bn |
| Sep 30, 2024 | 1.17 Bn |
| Jun 30, 2024 | 1.72 Bn |
| Mar 31, 2024 | 1.54 Bn |
| Dec 31, 2023 | 1.71 Bn |
| Sep 30, 2023 | 1.49 Bn |
| Jun 30, 2023 | 1.40 Bn |
| Mar 31, 2023 | 1.23 Bn |
| Dec 31, 2022 | 1.26 Bn |
| Sep 30, 2022 | 1.11 Bn |
| Jun 30, 2022 | 959.72 Mn |
| Mar 31, 2022 | 828.06 Mn |
| Dec 31, 2021 | 972.05 Mn |
| Sep 30, 2021 | 821.91 Mn |
API Access
Tradeweb Markets Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "TW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();