Tradeweb Markets (TW) Free Cash Flow (2018 - 2026)
Tradeweb Markets (TW) reported Free Cash Flow of $385.77 million for Q2 2026, down 4.4% from $403.72 million a year earlier but up 309.4% from the prior quarter.
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Analysis
Tradeweb Markets (TW) Free Cash Flow (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tradeweb Markets' Free Cash Flow came in at $1.14 billion, up 13.7% year-over-year; for FY2025, it was $1.13 billion, up 31.5% from FY2024.
- Free Cash Flow has increased for seven consecutive years, with a five-year compound annual growth rate of 21.2% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $856.78 million in FY2024 (+17.8%), $727.56 million in FY2023 (+19.3%), $609.61 million in FY2022 (+8.6%) and $561.14 million in FY2021 (+30.0%).
- Five-year quarterly Free Cash Flow spans a low of $31.33 million in Q1 2024 and a high of $403.72 million in Q2 2025.
- Year over year, Free Cash Flow gained in seven of the last eight quarters, with growth averaging 34.3%.
- The high point for year-over-year Free Cash Flow in five years was Q1 2025 (growth of 86.9%); the low point was Q1 2024 (a decline of 51.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $94.23 million (Q1 2026), $336.54 million (Q4 2025) and $328.27 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - | 708.00 Mn |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - | 1.98 Bn |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - | 923.50 Mn |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - | 1.85 Bn |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn | 634.00 Mn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - | -3.00 Bn |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - | 6.20 Bn |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - | -90.30 Mn |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn | -536.30 Mn |
| 10 | Tradeweb Markets | 23.61 Bn | 16.33 Bn | - | 385.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 385.77 Mn |
| Mar 31, 2026 | 94.23 Mn |
| Dec 31, 2025 | 336.54 Mn |
| Sep 30, 2025 | 328.27 Mn |
| Jun 30, 2025 | 403.72 Mn |
| Mar 31, 2025 | 58.56 Mn |
| Dec 31, 2024 | 256.79 Mn |
| Sep 30, 2024 | 287.82 Mn |
| Jun 30, 2024 | 280.84 Mn |
| Mar 31, 2024 | 31.33 Mn |
| Dec 31, 2023 | 243.70 Mn |
| Sep 30, 2023 | 211.09 Mn |
| Jun 30, 2023 | 208.81 Mn |
| Mar 31, 2023 | 63.96 Mn |
| Dec 31, 2022 | 202.75 Mn |
| Sep 30, 2022 | 198.37 Mn |
| Jun 30, 2022 | 172.31 Mn |
| Mar 31, 2022 | 36.18 Mn |
| Dec 31, 2021 | 184.49 Mn |
| Sep 30, 2021 | 181.19 Mn |
API Access
Tradeweb Markets Free Cash Flow 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=free-cash-flow&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();