Tradeweb Markets Inc.
Tradeweb Markets Inc. (TW) Financial Performance & Income Statement Overview
Explore the financials of Tradeweb Markets Inc. (TW), including yearly and quarterly data on income, cash flow, and balance sheets.
Tradeweb Markets Inc. (TW) Income Statement & Financial Overview
View the income breakdown for Tradeweb Markets Inc. TW across both annual and quarterly reports.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $509.68M | $463.34M | $448.92M | $404.95M |
| Cost of Revenue | $176.88M | $152.21M | $160.16M | $49.94M |
| Gross Profit | $332.80M | $311.14M | $288.75M | $355.01M |
| Gross Profit Ratio | $0.65 | $0.67 | $0.64 | $0.88 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $16.00M |
| SG&A Expenses | $66.00M | $59.74M | $71.57M | $55.28M |
| Operating Expenses | $128.70M | $122.60M | $129.44M | $190.63M |
| Total Costs & Expenses | $305.58M | $274.80M | $289.60M | $240.57M |
| Interest Income | $13.85M | $14.80M | $16.66M | $21.51M |
| Interest Expense | $587000.00 | $573000.00 | $1.45M | $542000.00 |
| Depreciation & Amortization | $62.70M | $62.85M | $57.87M | $49.94M |
| EBITDA | $284.87M | $265.12M | $232.99M | $233.94M |
| EBITDA Ratio | $0.56 | $0.57 | $0.52 | $0.58 |
| Operating Income | $204.10M | $188.54M | $159.32M | $164.38M |
| Operating Income Ratio | $0.40 | $0.41 | $0.35 | $0.41 |
| Other Income/Expenses (Net) | $17.48M | $21.71M | $14.36M | $20.97M |
| Income Before Tax | $221.58M | $210.25M | $173.67M | $183.46M |
| Income Before Tax Ratio | $0.43 | $0.45 | $0.39 | $0.45 |
| Income Tax Expense | $53.28M | $50.30M | $43.45M | $47.05M |
| Net Income | $148.38M | $142.21M | $113.92M | $119.24M |
| Net Income Ratio | $0.29 | $0.31 | $0.25 | $0.29 |
| EPS | $0.70 | $0.67 | $0.53 | $0.56 |
| Diluted EPS | $0.69 | $0.66 | $0.53 | $0.55 |
| Weighted Avg Shares Outstanding | $213.09M | $213.03M | $213.21M | $213.16M |
| Weighted Avg Shares Outstanding (Diluted) | $214.90M | $214.92M | $215.10M | $214.90M |
Over the last four quarters, Tradeweb Markets Inc. achieved steady financial progress, growing revenue from $404.95M in Q2 2024 to $509.68M in Q1 2025. Gross profit stayed firm with margins at 65% in Q1 2025 versus 88% in Q2 2024. Operating income totaled $204.10M in Q1 2025, maintaining a 40% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $284.87M. Net income rose to $148.38M, with EPS at $0.70. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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