Tradeweb Markets (TW) Free Cash Flow (2018 - 2026)
Tradeweb Markets (TW) posted quarterly Free Cash Flow of $375.2 million for Q2 2026, down 4.43% year-over-year from $392.6 million in Q2 2025, and up 334.7% quarter-over-quarter from $86.3 million in Q1 2026.
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 $375.2 million for Q2 2026.
- In Q2 2026, Free Cash Flow fell 4.43% year-over-year to $375.2 million; the TTM figure through Jun 2026 stood at $1.1 billion (up 14.03% YoY), while the FY2025 annual figure was $1.1 billion, up 30.04% from the prior year.
- Free Cash Flow for Q2 2026 stood at $375.2 million, up from $86.3 million in the prior quarter.
- The five-year high for Free Cash Flow was $392.6 million in Q2 2025, with the low at $27.2 million in Q1 2024.
- The 5-year median for Free Cash Flow is $204.1 million (2023), against an average of $206.4 million.
- The sharpest annual moves came in 2024 and 2026: Free Cash Flow sank 55.35% in 2024, then jumped 83.51% in 2026.
- Tradeweb Markets' Free Cash Flow stood at $198.6 million in 2022, then climbed by 17.65% to $233.6 million in 2023, then advanced by 15.27% to $269.3 million in 2024, then gained by 26.46% to $340.6 million in 2025, then increased by 10.18% to $375.2 million in 2026.
- Business Quant data shows TW's Free Cash Flow at $375.2 million in Q2 2026, $86.3 million in Q1 2026, and $340.6 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | -3.57 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 5.60 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 4.12 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 708.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 6.20 Bn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 202.51 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 375.21 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 497.27 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | - |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 375.21 Mn |
| Jun 30, 2026 | 375.21 Mn |
| Mar 31, 2026 | 103.58 Mn |
| Mar 31, 2026 | 103.58 Mn |
| Dec 31, 2025 | 325.59 Mn |
| Dec 31, 2025 | 325.59 Mn |
| Sep 30, 2025 | 339.22 Mn |
| Sep 30, 2025 | 339.22 Mn |
| Jun 30, 2025 | 403.04 Mn |
| Jun 30, 2025 | 403.04 Mn |
| Mar 31, 2025 | 59.24 Mn |
| Mar 31, 2025 | 59.24 Mn |
| Dec 31, 2024 | 276.25 Mn |
| Dec 31, 2024 | 276.25 Mn |
| Sep 30, 2024 | 279.43 Mn |
| Sep 30, 2024 | 279.43 Mn |
| Jun 30, 2024 | 263.80 Mn |
| Jun 30, 2024 | 263.80 Mn |
| Mar 31, 2024 | 37.31 Mn |
| Mar 31, 2024 | 37.31 Mn |