Growth Metrics

Tradeweb Markets (TW) Cash from Operations (2018 - 2026)

Tradeweb Markets' quarterly Cash from Operations came in at 103829000.0 in Q1 2026, up 72.45% year-on-year from 60207000.0 in Q1 2025, and down 70.83% quarter-over-quarter from 355949000.0 in Q4 2025.

Tradeweb Markets has reported Cash from Operations for 9 years, with the latest figure at 103829000.0 in Q1 2026.

  • For the quarter ending Q1 2026, Cash from Operations rose 72.45% year-over-year to 103829000.0; the trailing twelve-month figure through Mar 2026 stood at 1211268000.0 (up 31.65% YoY), and the FY2025 full-year result was 1167646000.0, up 30.06% from the prior year.
  • Cash from Operations for Q1 2026 stood at 103829000.0, down from 355949000.0 in the prior quarter.
  • The five-year high for Cash from Operations was 409187000.0 in Q2 2025, with the low at 37914000.0 in Q1 2024.
  • Average Cash from Operations over 5 years is 208713352.94, with a median of 213099000.0 recorded in 2023.
  • Year-over-year, Cash from Operations tumbled 46.48% in 2024 and soared 72.45% in 2026.
  • Tracing TW's Cash from Operations over 5 years: stood at 208000000.0 in 2022, then advanced by 17.67% to 244761000.0 in 2023, then grew by 15.22% to 282025000.0 in 2024, then advanced by 26.21% to 355949000.0 in 2025, then sank by 70.83% to 103829000.0 in 2026.
  • The last three Cash from Operations figures came in at 103829000.0 (Q1 2026), 355949000.0 (Q4 2025), and 342303000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - -7.10 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - -31.87 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 7.34 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 2.04 Bn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 3.61 Bn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 21.08 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 290.40 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 75.32 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 103.83 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn -27.22 Mn

Historic Data

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DateValue
Mar 31, 2026 103.83 Mn
Mar 31, 2026 103.83 Mn
Dec 31, 2025 355.95 Mn
Dec 31, 2025 355.95 Mn
Sep 30, 2025 342.30 Mn
Sep 30, 2025 342.30 Mn
Jun 30, 2025 409.19 Mn
Jun 30, 2025 409.19 Mn
Mar 31, 2025 60.21 Mn
Mar 31, 2025 60.21 Mn
Dec 31, 2024 282.03 Mn
Dec 31, 2024 282.03 Mn
Sep 30, 2024 292.13 Mn
Sep 30, 2024 292.13 Mn
Jun 30, 2024 285.67 Mn
Jun 30, 2024 285.67 Mn
Mar 31, 2024 37.91 Mn
Mar 31, 2024 37.91 Mn
Dec 31, 2023 244.76 Mn
Dec 31, 2023 244.76 Mn
Sep 30, 2023 217.39 Mn
Sep 30, 2023 217.39 Mn
Jun 30, 2023 213.10 Mn
Jun 30, 2023 213.10 Mn
Mar 31, 2023 70.84 Mn
Mar 31, 2023 70.84 Mn
Dec 31, 2022 208.00 Mn
Dec 31, 2022 208.00 Mn
Sep 30, 2022 201.51 Mn
Sep 30, 2022 201.51 Mn
Jun 30, 2022 178.07 Mn
Jun 30, 2022 178.07 Mn
Mar 31, 2022 45.24 Mn
Mar 31, 2022 45.24 Mn
Dec 31, 2021 191.65 Mn
Dec 31, 2021 191.65 Mn
Sep 30, 2021 182.36 Mn
Sep 30, 2021 182.36 Mn
Jun 30, 2021 148.43 Mn
Jun 30, 2021 148.43 Mn
Mar 31, 2021 55.57 Mn
Mar 31, 2021 55.57 Mn
Dec 31, 2020 139.70 Mn
Dec 31, 2020 139.70 Mn
Sep 30, 2020 138.98 Mn
Sep 30, 2020 138.98 Mn
Jun 30, 2020 186.31 Mn
Jun 30, 2020 186.31 Mn
Mar 31, 2020 -21.76 Mn
Mar 31, 2020 -21.76 Mn
Dec 31, 2019 146.18 Mn
Dec 31, 2019 146.18 Mn
Jun 30, 2019 98.05 Mn
Jun 30, 2019 98.05 Mn
Mar 31, 2019 -21.08 Mn
Mar 31, 2019 -21.08 Mn
Sep 30, 2018 87.86 Mn
Sep 30, 2018 87.86 Mn
Mar 31, 2018 -14.23 Mn
Mar 31, 2018 -14.23 Mn