Financial Snapshot

Revenue
$1.633B
TTM
Gross Margin
Net Earnings
$448.5M
TTM
Current Assets
$1.785B
Q3 2024
Current Liabilities
$595.3M
Q3 2024
Current Ratio
299.92%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$6.286B
Q3 2024
Cash
Q3 2024
P/E
70.77
Nov 29, 2024 EST
Free Cash Flow
$808.1M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $1.338B $1.189B $1.076B $892.7M $775.6M $657.6M $504.4M $492.2M
YoY Change 12.57% 10.44% 20.59% 15.1% 17.94% 30.37% 2.48%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $1.338B $1.189B $1.076B $892.7M $775.6M $657.6M $504.4M $492.2M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $647.6M $597.3M $546.3M $475.5M $446.4M $403.5M $346.7M $318.2M
YoY Change 8.42% 9.34% 14.89% 6.52% 10.63% 16.38% 8.96%
% of Gross Profit
Research & Development $77.51M $65.86M $56.19M $47.50M $39.29M
YoY Change 17.69% 17.21% 18.29% 20.91%
% of Gross Profit
Depreciation & Amortization $185.4M $178.9M $171.3M $153.8M $139.3M $81.80M $68.60M $80.90M
YoY Change 3.62% 4.42% 11.38% 10.41% 70.29% 19.24% -15.2%
% of Gross Profit
Operating Expenses $833.0M $65.86M $56.19M $47.50M $39.29M $485.3M $415.4M $399.0M
YoY Change 1164.79% 17.21% 18.29% 20.91% -91.91% 16.83% 4.11%
Operating Profit $505.3M $412.6M $358.8M $263.4M $189.8M
YoY Change 22.47% 14.98% 36.25% 38.74%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $65.35M $10.91M -$1.590M -$300.0K $2.400M $2.500M $1.100M $600.0K
YoY Change 499.16% -785.97% 430.0% -112.5% -4.0% 127.27% 83.33%
% of Operating Profit 12.93% 2.64% -0.44% -0.11% 1.26%
Other Income/Expense, Net -$22.64M $13.65M $12.75M $11.40M $33.10M $0.00 -$500.0K -$1.300M
YoY Change -265.82% 7.12% 11.8% -65.56% -100.0% -61.54%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $548.0M $437.1M $370.0M $274.5M $225.3M $174.8M $89.80M $92.40M
YoY Change 25.37% 18.14% 34.81% 21.81% 28.91% 94.65% -2.81%
Income Tax $128.5M $77.52M $96.88M $56.07M $52.30M $15.30M $4.100M -$700.0K
% Of Pretax Income 23.45% 17.74% 26.18% 20.43% 23.21% 8.75% 4.57% -0.76%
Net Earnings $364.4M $309.3M $226.8M $166.3M $83.77M $159.5M $83.60M $93.20M
YoY Change 17.8% 36.38% 36.4% 98.52% -47.48% 90.79% -10.3%
Net Earnings / Revenue 27.23% 26.02% 21.07% 18.63% 10.8% 24.25% 16.57% 18.94%
Basic Earnings Per Share $1.73 $1.50 $1.13 $0.92 $0.57
Diluted Earnings Per Share $1.71 $1.48 $1.09 $0.88 $0.54 $717.8K $376.2K $419.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $1.743B $1.281B $992.6M $803.0M $470.4M $421.5M $362.5M
YoY Change 36.07% 29.07% 23.61% 70.71% 11.6% 16.28%
Cash & Equivalents $1.743B $1.281B $992.6M $803.0M $470.4M $137.7M $128.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $549.6M $154.3M $129.9M $105.7M $123.5M $261.8M $74.00M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $2.293B $1.435B $1.123B $908.7M $593.9M $683.3M $436.5M
YoY Change 59.73% 27.88% 23.53% 53.01% -13.08% 56.54%
Property, Plant & Equipment $58.77M $62.35M $51.56M $63.30M $64.90M $38.10M $27.00M
YoY Change -5.74% 20.93% -18.55% -2.47% 70.34% 41.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $685.3M $690.4M $620.0M $580.6M $257.5M $1.200M $8.000M
YoY Change -0.75% 11.37% 6.78% 125.48% 21358.33% -85.0%
Total Long-Term Assets $4.767B $4.825B $4.868B $4.771B $4.501B $4.314B $880.4M
YoY Change -1.2% -0.88% 2.02% 5.99% 4.35% 389.98%
Total Assets $7.060B $6.260B $5.990B $5.680B $5.095B $4.997B $1.317B
YoY Change
Accounts Payable $409.4M $63.77M $0.00 $300.0K $30.50M $171.2M $4.300M
YoY Change 541.92% -100.0% -99.02% -82.18% 3881.4%
Accrued Expenses $191.8M $178.8M $179.2M $163.8M $150.4M $120.2M $89.80M
YoY Change 7.25% -0.18% 9.37% 8.91% 25.12% 33.85%
Deferred Revenue
YoY Change
Short-Term Debt $21.61M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $624.1M $244.0M $184.0M $213.5M $183.5M $189.9M $260.1M
YoY Change 155.76% 32.6% -13.81% 16.35% -3.37% -26.99%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $483.3M $448.6M $437.4M $427.5M $264.8M $30.00M $29.70M
YoY Change 7.74% 2.55% 2.31% 61.44% 782.67% 1.01%
Total Long-Term Liabilities $483.3M $448.6M $437.4M $427.5M $264.8M $30.00M $29.70M
YoY Change 7.74% 2.55% 2.31% 61.44% 782.67% 1.01%
Total Liabilities $1.686B $1.306B $1.345B $1.376B $1.717B $410.6M $317.1M
YoY Change 29.05% -2.84% -2.31% -19.82% 318.1% 29.49%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 210.8M shares 205.6M shares 201.4M shares 180.4M shares 148.0M shares
Diluted Shares Outstanding 212.7M shares 208.4M shares 207.3M shares 188.2M shares 156.5M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $31.741 Billion

About Tradeweb Markets Inc.

Tradeweb Markets, Inc. engages in the operation of electronic marketplaces for the trading of products across the rates, credit, money markets, and equities asset classes. The company is headquartered in New York City, New York and currently employs 1,179 full-time employees. The company went IPO on 2019-04-04. The firm provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients. The company supports its clients by providing solutions across the trade lifecycle, including pre-trade, execution, post-trade and data. Its technology supports multiple asset classes, trading protocols and geographies. The firm provides deep liquidity pools to the institutional, wholesale and retail client sectors through its Tradeweb Institutional, Dealerweb and Tradeweb Direct platforms. The company provides fully electronic, hybrid and voice trading for the wholesale community on its Dealerweb platform. Its network comprises clients across the institutional, wholesale, retail and corporate client sectors, including global asset managers, hedge funds, insurance companies, central banks, banks and dealers, and others.

Industry: Security & Commodity Brokers, Dealers, Exchanges & Services Peers: Cboe Global Markets, Inc. Coinbase Global, Inc. MOODYS CORP /DE/ FACTSET RESEARCH SYSTEMS INC MARKETAXESS HOLDINGS INC S&P Global Inc. NASDAQ, INC. Open Lending Corp Morningstar, Inc. MSCI Inc.