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

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

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

Tradeweb Markets (TW) has reported Free Cash Flow for 9 consecutive years, with $103.6 million the latest figure, recorded in 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 came in at $103.6 million for Q1 2026 at Tradeweb Markets, down from $340.6 million in the prior quarter.
  • The five-year high for Free Cash Flow was $421.4 million in Q2 2025, with the low at $36.2 million in Q1 2022.
  • Average Free Cash Flow over 5 years is $201.9 million, with a median of $221.7 million recorded in 2023.
  • Across the five-year window, Free Cash Flow tumbled 38.84% in 2024 and soared 120.21% in 2026, its largest moves.
  • Year by year, Free Cash Flow stood at $222.3 million in 2022, then advanced by 17.12% to $260.4 million in 2023, then decreased by 9.9% to $234.6 million in 2024, then jumped by 45.15% to $340.6 million in 2025, then plunged by 69.59% to $103.6 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $103.6 million, $340.6 million, and $296.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -7.85 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -32.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 7.20 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 2.03 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 124.64 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 103.58 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 11.72 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -1.15 Bn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn -228.97 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