Friday 6 November 2026 Export TW’s income statement to Excel — free account

Tradeweb Markets Inc.

TW Financial Capital Markets

Tradeweb Markets Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 18.9% from fiscal 2024.

Revenue: +14.9%
EPS: +22.9%
Free cash flow: +2.33%

Quarter to September 2026, against a year earlier

127.62 0.06 +0.05%

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Market cap: $29.6B
P/E: 29.0×
Fwd P/E: 34.5×
Dividend yield: 0.42%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Tradeweb Markets Inc. (TW) Price to free cash flow

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As of 5 November 2026, Tradeweb Markets Inc. (TW) trades at a price to free cash flow of 24.8×. Over the past ten years it has ranged from 17.8× (June 2026) to 44.0× (May 2019); the current reading is higher than 25% of that period. That is above the Capital Markets industry median of 9.3× and above the Financial sector median of 9.7×.

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<iframe src="https://stockrow.com/embed/TW/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Tradeweb Markets Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/TW/metrics/price-to-free-cash-flow">Tradeweb Markets Inc. (TW) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	21.5×	(37.53%)
FY2024	34.5×	25.39%
FY2023	27.5×	17.25%
FY2022	23.5×	(38.76%)
FY2021	38.3×	36.20%
FY2020	28.1×	9.24%
FY2019	25.7×	(26.39%)
FY2018	35.0×	0.00%
FY2017	35.0×	0.00%
FY2016	35.0×	—

Period	Price to free cash flow	Change
Sep 2026	19.6×	(0.47%)
Jun 2026	19.7×	(13.79%)
Mar 2026	22.8×	6.02%
Dec 2025	21.5×	(10.18%)
31 more quarters	Free account

Against its own ten years

Low 17.8× High 44.0×

Ten-year median 28.9×

Current reading's percentile 25

Company	Price to free cash flow
BMNR BitMine Immersion Technologies, Inc. compare	n/m
IBKR Interactive Brokers Group, Inc. compare	2.1×
JEF Jefferies Financial Group Inc. compare	2.3×
NMR Nomura Holdings Inc ADR compare	5.2×
EVR Evercore Inc compare	6.9×
LPLA LPL Financial Holdings Inc. compare	23.5×
HOOD Robinhood Markets, Inc. compare	23.9×
TW Tradeweb Markets Inc.	24.8×
CRCL Circle Internet Group, Inc. compare	26.5×
Capital Markets industry median	9.3×
Financial sector median	9.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Tradeweb Markets Inc. (TW) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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