Tradeweb Markets (TW) Free Cash Flow (2018 - 2026)

Tradeweb Markets (TW) recorded quarterly Free Cash Flow of $103.6 million in Q1 2026, down 69.59% quarter-over-quarter from $340.6 million in Q4 2025, and up 120.21% on a YoY basis from $47.0 million in Q1 2025.

Tradeweb Markets (TW) Free Cash Flow (2018 - 2026) Analysis & Trends

Tradeweb Markets' Free Cash Flow history runs 9 years deep, the most recent figure standing at $103.6 million for Q1 2026.

  • In Q1 2026, Free Cash Flow rose 120.21% year-over-year to $103.6 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 35.14% YoY), while the FY2025 annual figure was $1.1 billion, up 30.04% from the prior year.
  • Free Cash Flow was $103.6 million for Q1 2026 at Tradeweb Markets, down from $340.6 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $421.4 million in Q2 2025 to a low of $36.2 million in Q1 2022.
  • Historically, Free Cash Flow has averaged $201.9 million across 5 years, with a median of $221.7 million in 2023.
  • The sharpest annual moves came in 2024 and 2026: Free Cash Flow slumped 38.84% in 2024, then soared 120.21% in 2026.
  • A 5-year view of Free Cash Flow shows it stood at $222.3 million in 2022, then increased by 17.12% to $260.4 million in 2023, then declined by 9.9% to $234.6 million in 2024, then jumped by 45.15% to $340.6 million in 2025, then tumbled by 69.59% to $103.6 million in 2026.
  • The last three Free Cash Flow figures came in at $103.6 million (Q1 2026), $340.6 million (Q4 2025), and $296.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -1.33 Mn
2 Morgan Stanley 349.82 Bn 216.29 Bn - -7.85 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - -32.43 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 7.20 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 2.03 Bn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 3.59 Bn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 124.64 Mn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 103.58 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -1.15 Bn
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 11.72 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 103.58 Mn
Mar 31, 2026 103.58 Mn
Dec 31, 2025 340.55 Mn
Dec 31, 2025 340.55 Mn
Sep 30, 2025 296.09 Mn
Sep 30, 2025 296.09 Mn
Jun 30, 2025 421.43 Mn
Jun 30, 2025 421.43 Mn
Mar 31, 2025 47.04 Mn
Mar 31, 2025 47.04 Mn
Dec 31, 2024 234.63 Mn
Dec 31, 2024 234.63 Mn
Sep 30, 2024 303.04 Mn
Sep 30, 2024 303.04 Mn
Jun 30, 2024 274.86 Mn
Jun 30, 2024 274.86 Mn
Mar 31, 2024 37.31 Mn
Mar 31, 2024 37.31 Mn
Dec 31, 2023 260.39 Mn
Dec 31, 2023 260.39 Mn