Tradeweb Markets (TW) Depreciation & Amortization (CF) (2018 - 2026)
Tradeweb Markets (TW) reported Depreciation & Amortization (CF) of $61.49 million for Q2 2026, down 2.5% from $63.05 million a year earlier but up 1.3% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Depreciation & Amortization (CF) (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tradeweb Markets' Depreciation & Amortization (CF) came in at $246.64 million, up 0.1% year-over-year; for FY2025, it was $250.19 million, up 13.7% from FY2024.
- Depreciation & Amortization (CF) has increased for seven consecutive years, with a five-year compound annual growth rate of 10.2% (FY2020 to FY2025).
- By year, Depreciation & Amortization (CF) came in at $220 million in FY2024 (+18.7%), $185.35 million in FY2023 (+3.6%), $178.88 million in FY2022 (+4.4%) and $171.31 million in FY2021 (+11.4%).
- Five-year quarterly Depreciation & Amortization (CF) spans a low of $43.65 million in Q4 2021 and a high of $64.35 million in Q3 2025.
- Year over year, Depreciation & Amortization (CF) has now declined in each of the last three quarters, with growth averaging 13.9% over the last eight quarters.
- The high point for year-over-year Depreciation & Amortization (CF) in five years was Q4 2024 (growth of 32.3%); the low point was Q4 2025 (a decline of 4.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $60.71 million (Q1 2026), $60.09 million (Q4 2025) and $64.35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - | 23.00 Mn |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - | 398.00 Mn |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - | 28.20 Mn |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - | 389.00 Mn |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn | 165.00 Mn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - | 145.00 Mn |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - | 17.00 Mn |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - | 198.40 Mn |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn | 28.10 Mn |
| 10 | Tradeweb Markets | 23.61 Bn | 16.33 Bn | - | 61.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.49 Mn |
| Mar 31, 2026 | 60.71 Mn |
| Dec 31, 2025 | 60.09 Mn |
| Sep 30, 2025 | 64.35 Mn |
| Jun 30, 2025 | 63.05 Mn |
| Mar 31, 2025 | 62.70 Mn |
| Dec 31, 2024 | 62.85 Mn |
| Sep 30, 2024 | 57.87 Mn |
| Jun 30, 2024 | 49.94 Mn |
| Mar 31, 2024 | 49.34 Mn |
| Dec 31, 2023 | 47.50 Mn |
| Sep 30, 2023 | 46.56 Mn |
| Jun 30, 2023 | 45.89 Mn |
| Mar 31, 2023 | 45.40 Mn |
| Dec 31, 2022 | 44.88 Mn |
| Sep 30, 2022 | 44.78 Mn |
| Jun 30, 2022 | 44.77 Mn |
| Mar 31, 2022 | 44.45 Mn |
| Dec 31, 2021 | 43.65 Mn |
| Sep 30, 2021 | 44.82 Mn |
API Access
Tradeweb Markets Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();