Tradeweb Markets (TW) Net Cash Flow (2018 - 2026)
Tradeweb Markets' Net Cash Flow came in at $121.07 million for Q2 2026, down 61.7% from $316.4 million a year earlier.
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Analysis
Tradeweb Markets (TW) Net Cash Flow (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tradeweb Markets reported Net Cash Flow of $430.33 million; for FY2025, it was $733.64 million.
- Net Cash Flow carries a five-year compound annual growth rate of 17.5% (FY2020 to FY2025).
- Going back by year, Net Cash Flow was -$361.71 million in FY2024, $445.15 million in FY2023 (+50.4%), $296.02 million in FY2022 (+61.9%) and $182.81 million in FY2021 (-44.3%).
- The five-year range for quarterly Net Cash Flow is -$551.1 million (Q3 2024) to $316.4 million (Q2 2025).
- Year-over-year, Net Cash Flow increased in two of the last four quarters, with growth averaging 1.2%.
- The fastest year-over-year change in Net Cash Flow over five years came in Q2 2025 (growth of 82.0%), and the weakest in Q2 2026 (a decline of 61.7%).
- Business Quant data shows TW's Net Cash Flow at -$145.61 million (Q1 2026), $175.88 million (Q4 2025) and $278.99 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 1.86 Bn |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 1.89 Bn |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | -7.17 Bn |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | -2.87 Bn |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | -318.00 Mn |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | -2.23 Bn |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 5.86 Bn |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | -140.50 Mn |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | -721.70 Mn |
| 10 | Tradeweb Markets | 23.59 Bn | 16.31 Bn | - | 121.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 121.07 Mn |
| Mar 31, 2026 | -145.61 Mn |
| Dec 31, 2025 | 175.88 Mn |
| Sep 30, 2025 | 278.99 Mn |
| Jun 30, 2025 | 316.40 Mn |
| Mar 31, 2025 | -37.64 Mn |
| Dec 31, 2024 | 175.39 Mn |
| Sep 30, 2024 | -551.10 Mn |
| Jun 30, 2024 | 173.85 Mn |
| Mar 31, 2024 | -159.85 Mn |
| Dec 31, 2023 | 208.48 Mn |
| Sep 30, 2023 | 100.09 Mn |
| Jun 30, 2023 | 162.91 Mn |
| Mar 31, 2023 | -26.33 Mn |
| Dec 31, 2022 | 138.49 Mn |
| Sep 30, 2022 | 160.44 Mn |
| Jun 30, 2022 | 137.97 Mn |
| Mar 31, 2022 | -140.88 Mn |
| Dec 31, 2021 | 151.27 Mn |
| Sep 30, 2021 | 142.42 Mn |
API Access
Tradeweb Markets Net 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=net-cash-flow&ticker=TW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-cash-flow&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();