Income Statement - Tradeweb Markets Inc. (TW)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | Dec-05 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,052.43 | 1,725.95 | 1,338.22 | 1,188.78 | 1,076.45 | 892.66 | 775.57 | 657.58 | 504.45 | 492.18 | 3,644.95 | 3,481.91 | 3,596.78 | 3,417.74 | 3,259.45 | 2,387.83 | 1,676.03 | 1,760.06 | 1,486.52 | 1,271.81 |
| Cost of revenue | 670.83 | 592.69 | 460.31 | 432.42 | 407.26 | 349.66 | 329.46 | 289.49 | 248.96 | 228.58 | 2,565.18 | 2,494.09 | 2,588.26 | 2,489.99 | 2,431.16 | 1,813.72 | 1,215.95 | 1,284.19 | 1,090.35 | 947.35 |
| Gross profit | 1,381.60 | 1,133.26 | 877.91 | 756.36 | 669.19 | 543.00 | 446.11 | 368.09 | 255.49 | 263.60 | 1,079.78 | 987.82 | 1,008.52 | 927.75 | 828.29 | 574.11 | 460.08 | 475.87 | 396.18 | 324.46 |
| Total operating expenses | 536.47 | 455.23 | 372.65 | 343.79 | 310.36 | 279.65 | 256.29 | 195.82 | 166.39 | 170.47 | ||||||||||
| Operating income | 845.12 | 678.03 | 505.27 | 412.57 | 358.83 | 263.36 | 189.82 | 172.27 | 89.09 | 93.13 | 595.59 | 495.56 | 502.36 | 489.01 | 413.70 | 252.09 | 209.38 | 226.77 | 179.31 | 132.42 |
| Non-operating income (net) | 329.85 | 76.37 | 42.71 | 24.56 | 11.16 | 11.11 | 35.51 | 2.51 | 0.69 | -0.70 | -9.89 | 2.95 | -34.16 | -82.78 | -87.06 | -82.17 | 12.35 | 2.14 | -2.84 | -0.71 |
| Income before tax | 1,174.97 | 754.40 | 547.98 | 437.13 | 369.98 | 274.46 | 225.33 | 174.78 | 89.78 | 92.44 | 585.69 | 498.51 | 468.20 | 406.23 | 326.64 | 169.92 | 221.73 | 228.91 | 176.47 | 131.70 |
| Income tax expense | 253.47 | 184.44 | 128.48 | 77.52 | 96.88 | 56.07 | 52.30 | 15.32 | 6.13 | -0.73 | 200.06 | 138.25 | 152.55 | 145.76 | 129.92 | 50.91 | 75.28 | 73.47 | 60.19 | 45.59 |
| Net income | 812.79 | 501.51 | 364.87 | 309.34 | 226.83 | 166.30 | 83.77 | 159.47 | 83.65 | 93.16 | 384.98 | 359.30 | 318.81 | 260.21 | 194.44 | 120.60 | 146.46 | 155.44 | 116.28 | 87.19 |
Show Quarterly Income Statement
Income Statement - Tradeweb Markets Inc. (TW)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Dec-16 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | Dec-05 | Sep-05 | Jun-05 | Mar-05 | Dec-04 | Sep-04 | Jun-04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 617.76 | 521.18 | 508.60 | 512.97 | 509.68 | 463.34 | 448.92 | 404.95 | 408.74 | 370.00 | 328.36 | 310.61 | 329.25 | 293.04 | 287.12 | 297.14 | 311.49 | 276.88 | 265.33 | 260.84 | 273.40 | 233.08 | 212.87 | 212.11 | 234.61 | 197.31 | 200.98 | 190.49 | 186.79 | 178.64 | 167.79 | 151.72 | 159.43 | 143.40 | 6,040.13 | 895.62 | 888.21 | 920.71 | 957.92 | 878.11 | 878.99 | 904.83 | 888.16 | 809.94 | 835.28 | 892.98 | 911.02 | 793.24 | 826.16 | 901.52 | 879.71 | 810.35 | 851.27 | 866.08 | 790.66 | 751.44 | 749.91 | 803.96 | 432.61 | 401.35 | 396.52 | 416.99 | 436.39 | 426.13 | 453.81 | 457.53 | 447.03 | 401.69 | 388.50 | 395.60 | 366.43 | 336.00 | 347.09 | 343.07 | 315.76 | 265.89 | 198.62 | 187.56 | 175.85 | 175.39 | 180.01 |
| Cost of revenue | 197.79 | 159.27 | 164.99 | 169.69 | 176.88 | 152.21 | 160.16 | 137.24 | 143.09 | 125.87 | 116.02 | 103.92 | 114.49 | 101.82 | 102.72 | 109.89 | 117.99 | 107.15 | 98.04 | 98.45 | 103.62 | 86.31 | 83.97 | 88.87 | 90.52 | 76.55 | 79.64 | 96.00 | 77.27 | 80.44 | 69.08 | 68.41 | 71.57 | -22.39 | 3,866.52 | 641.33 | 626.23 | 642.43 | 664.71 | 631.81 | 629.06 | 639.08 | 630.59 | 595.36 | 605.45 | 639.85 | 662.02 | 585.54 | 599.99 | 646.99 | 646.74 | 597.12 | 618.57 | 633.97 | 595.87 | 585.20 | 576.06 | 625.58 | 314.55 | 297.53 | 286.96 | 309.11 | 312.93 | 312.19 | 338.27 | 329.44 | 327.67 | 288.82 | 283.23 | 287.68 | 272.86 | 246.58 | 258.30 | 251.16 | 238.49 | 199.41 | 151.39 | 142.64 | 134.64 | 133.16 | 138.64 |
| Gross profit | 419.97 | 361.92 | 343.61 | 343.28 | 332.80 | 311.14 | 288.75 | 267.72 | 265.65 | 244.13 | 212.34 | 206.69 | 214.76 | 191.22 | 184.40 | 187.25 | 193.50 | 169.73 | 167.29 | 162.39 | 169.78 | 146.77 | 128.90 | 123.24 | 144.09 | 120.76 | 121.34 | 94.49 | 109.52 | 98.20 | 98.71 | 83.31 | 87.86 | 143.40 | 3,756.40 | -2,159.56 | 1,079.78 | 0.00 | 0.00 | 0.00 | 987.82 | 0.00 | 0.00 | 0.00 | 1,008.52 | 0.00 | 0.00 | 0.00 | 927.75 | 0.00 | 0.00 | 0.00 | 828.29 | 0.00 | 0.00 | 0.00 | 574.11 | 0.00 | 0.00 | 0.00 | 460.08 | 0.00 | 0.00 | 0.00 | 475.87 | 0.00 | 0.00 | 0.00 | 396.18 | 0.00 | 0.00 | 0.00 | 324.46 | 0.00 | 0.00 | 0.00 | 175.61 | 0.00 | 0.00 | 0.00 | 152.51 |
| Total operating expenses | 132.72 | 131.12 | 133.23 | 143.43 | 128.70 | 122.60 | 129.44 | 105.22 | 97.97 | 102.50 | 87.60 | 90.35 | 92.19 | 99.67 | 81.59 | 80.64 | 81.89 | 78.55 | 81.76 | 78.60 | 71.45 | 75.19 | 70.38 | 67.60 | 66.47 | 66.43 | 63.08 | 63.54 | 63.24 | 66.27 | 45.90 | 43.15 | 40.51 | 133.58 | 399.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating income | 287.25 | 230.80 | 210.37 | 199.85 | 204.10 | 188.54 | 159.32 | 162.49 | 167.68 | 141.63 | 124.74 | 116.34 | 122.57 | 91.55 | 102.81 | 106.61 | 111.60 | 91.18 | 85.53 | 83.79 | 98.33 | 71.58 | 58.52 | 55.64 | 77.62 | 54.33 | 58.26 | 30.96 | 46.28 | 31.94 | 52.82 | 40.16 | 47.36 | 38.81 | 997.68 | 138.73 | 138.10 | 164.48 | 167.01 | 126.00 | 125.24 | 138.66 | 129.23 | 102.42 | 117.46 | 133.59 | 123.57 | 88.55 | 114.53 | 136.53 | 122.04 | 115.92 | 112.55 | 131.52 | 92.76 | 76.88 | 62.30 | 75.55 | 62.54 | 51.71 | 50.62 | 51.79 | 55.79 | 51.18 | 51.16 | 64.43 | 59.94 | 51.23 | 48.19 | 52.35 | 40.18 | 38.57 | 36.97 | 41.11 | 28.94 | 25.41 | 22.20 | 21.00 | 16.92 | 20.67 | 20.53 |
| Non-operating income (net) | 15.67 | 225.91 | 59.25 | 27.21 | 17.48 | 21.71 | 14.36 | 20.97 | 19.34 | -0.33 | 15.56 | 14.65 | 12.83 | 21.05 | 3.41 | 0.54 | -0.45 | 12.33 | -0.36 | -0.33 | -0.49 | 11.05 | -0.35 | -0.29 | 0.70 | 33.84 | 0.64 | 0.18 | 0.86 | 0.79 | 0.67 | 0.58 | 0.47 | -28.73 | -187.78 | 45.21 | -7.11 | -1.09 | -1.26 | -0.43 | -1.04 | 2.48 | 3.38 | -1.87 | -0.48 | -15.19 | -9.25 | -9.24 | -16.66 | -26.29 | -19.70 | -20.13 | -24.29 | -23.39 | -21.36 | -18.02 | -33.25 | -25.85 | -16.44 | -6.63 | 3.19 | 4.86 | 2.33 | 2.14 | 3.51 | 0.38 | -2.36 | 0.60 | 0.61 | -3.87 | -0.40 | 0.81 | 1.02 | 0.06 | -1.19 | -0.60 | -4.18 | 0.33 | 3.08 | 2.69 | -0.83 |
| Income before tax | 302.92 | 456.71 | 269.62 | 227.06 | 221.58 | 210.25 | 173.67 | 183.46 | 187.02 | 141.30 | 140.30 | 130.99 | 135.40 | 112.61 | 106.22 | 107.15 | 111.16 | 103.52 | 85.17 | 83.47 | 97.83 | 82.63 | 58.17 | 55.35 | 78.31 | 88.17 | 58.89 | 31.13 | 47.14 | 32.72 | 53.49 | 40.74 | 47.83 | 10.08 | 809.90 | 183.94 | 130.99 | 163.39 | 165.75 | 125.56 | 124.20 | 141.14 | 132.61 | 100.55 | 116.97 | 118.40 | 114.32 | 79.31 | 97.87 | 110.25 | 102.33 | 95.79 | 88.26 | 108.13 | 71.40 | 58.86 | 29.05 | 49.70 | 46.09 | 45.08 | 53.81 | 56.65 | 58.11 | 53.32 | 54.68 | 64.82 | 57.59 | 51.83 | 48.81 | 48.49 | 39.79 | 39.39 | 37.99 | 41.16 | 27.75 | 24.81 | 18.03 | 21.33 | 19.99 | 23.35 | 19.71 |
| Income tax expense | 69.76 | 89.59 | 59.07 | 51.54 | 53.28 | 50.30 | 43.45 | 47.05 | 43.64 | 37.56 | 28.67 | 29.05 | 33.21 | 13.61 | 24.66 | 25.55 | 13.71 | 43.51 | 19.86 | 17.23 | 16.27 | 16.18 | 11.12 | 12.95 | 15.83 | 30.89 | 10.32 | 6.31 | 4.78 | 3.42 | 7.54 | 1.85 | 2.52 | 2.97 | 237.06 | 60.56 | 41.60 | 59.03 | 55.37 | 44.06 | 41.93 | 39.23 | 42.28 | 14.81 | 37.34 | 35.25 | 36.13 | 28.27 | 32.13 | 41.20 | 36.92 | 35.50 | 43.75 | 38.22 | 22.82 | 25.13 | 10.58 | 40.33 | 22.11 | 15.35 | 22.92 | 15.93 | 18.27 | 18.16 | 13.01 | 22.27 | 20.81 | 17.39 | 17.18 | 14.65 | 13.79 | 14.57 | 12.27 | 11.83 | 10.57 | 10.92 | 5.78 | 6.99 | 8.94 | 9.60 | 7.04 |
| Net income | 205.28 | 324.99 | 185.64 | 153.78 | 148.38 | 142.21 | 113.92 | 119.24 | 126.14 | 89.31 | 98.61 | 89.08 | 87.86 | 88.95 | 69.08 | 68.34 | 82.97 | 48.89 | 54.76 | 55.32 | 67.86 | 55.06 | 36.81 | 30.50 | 43.93 | 41.33 | 29.61 | 12.83 | 42.35 | 29.31 | 45.96 | 38.90 | 45.31 | 7.11 | 571.56 | 123.38 | 89.10 | 104.14 | 110.18 | 81.56 | 82.39 | 102.51 | 86.19 | 88.21 | 82.88 | 94.92 | 82.29 | 58.73 | 65.34 | 68.23 | 66.94 | 59.70 | 43.86 | 69.24 | 48.10 | 33.24 | 58.13 | 8.82 | 23.87 | 29.78 | 31.16 | 40.59 | 39.55 | 35.16 | 41.67 | 42.55 | 36.78 | 34.44 | 31.63 | 33.83 | 25.99 | 24.81 | 25.73 | 30.38 | 17.18 | 13.90 | 12.26 | 15.09 | 11.06 | 13.75 | 12.68 |