Tradeweb Markets (TW) Other Working Capital Changes (2018 - 2026)
Tradeweb Markets' Other Working Capital Changes came in at -$10.07 million for Q2 2026, compared with $10.12 million a year earlier.
Tradeweb Markets (TW) Other Working Capital Changes (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tradeweb Markets reported Other Working Capital Changes of $3.05 million, down 93.0% year-over-year; for FY2025, it came in at $16.5 million, up 44.2% from FY2024.
- Other Working Capital Changes has increased in each of the last three years, though with a five-year compound annual growth rate of -14.0% (FY2020 to FY2025).
- Going back by year, Other Working Capital Changes was $11.44 million in FY2024 (+191.9%), $3.92 million in FY2023 (+84.9%), $2.12 million in FY2022 and -$6.02 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Other Working Capital Changes since Q4 2021.
- Business Quant data shows TW's Other Working Capital Changes at $25.35 million (Q1 2026), -$5.25 million (Q4 2025) and -$6.98 million (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn |
| 10 | Tradeweb Markets | 23.59 Bn | 16.31 Bn | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.07 Mn |
| Mar 31, 2026 | 25.35 Mn |
| Dec 31, 2025 | -5.25 Mn |
| Sep 30, 2025 | -6.98 Mn |
| Jun 30, 2025 | 10.12 Mn |
| Mar 31, 2025 | 18.61 Mn |
| Dec 31, 2024 | 8.22 Mn |
| Sep 30, 2024 | 6.77 Mn |
| Jun 30, 2024 | -5.09 Mn |
| Mar 31, 2024 | 1.54 Mn |
| Dec 31, 2023 | -4.59 Mn |
| Sep 30, 2023 | 3.96 Mn |
| Jun 30, 2023 | -3.17 Mn |
| Mar 31, 2023 | 7.73 Mn |
| Dec 31, 2022 | -2.31 Mn |
| Sep 30, 2022 | -3.63 Mn |
| Jun 30, 2022 | 5.30 Mn |
| Mar 31, 2022 | 2.77 Mn |
| Dec 31, 2021 | -12.01 Mn |
| Sep 30, 2021 | 1.76 Mn |
Tradeweb Markets Other Working Capital Changes 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=other-working-capital-changes&ticker=TW&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=TW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();