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| Date | Value |
|---|---|
| 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 |