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  1. US-listed companies
  2. Tradeweb Markets Inc.

Tradeweb Markets Inc.TW

Market cap
$28B
P/E ratio
76.8x
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Income statementBalance sheetCash flow
Dec 31,
2019		Dec 31,
2020		Dec 31,
2021		Dec 31,
2022		Dec 31,
2023
Net income173218273360420
Depreciation and amortization139154171179185
Stock-based compensation expense5039526765
Deferred taxes1565855390
Tax receivable agreement liability adjustment33111314-9
(Income) loss from investments----1-
Other (income) loss, net-----13
Receivable from/payable to brokers and dealers and clearing organizations, net-3-0-0029
Deposits with clearing organizations-22-9413
Accounts receivable412221721
Receivable and due from affiliates/payable and due to affiliates, net2-65-34
Other assets635-624
Accrued compensation-2925-18
Securities sold under agreements to repurchase----22
Deferred revenue-4-11-23
Accrued compensation-2925-18
Accounts payable, accrued expenses and other liabilities-411-3102
Deferred revenue-4-11-23
Employee equity compensation payable-161-2--
Accounts payable, accrued expenses and other liabilities-411-3102
Employee equity compensation payable-161-2--
Net cash provided by operating activities311443578633746
Cash paid for acquisitions, net of cash acquired--208-70
Purchases of furniture, equipment, software and leasehold improvements1611172319
Cash paid for foreign currency call option, net of sale proceeds----1
Capitalized software development costs2931343743
Purchases of furniture, equipment, software and leasehold improvements1611172319
Purchase of equity investments-20---
Capitalized software development costs2931343743
Net cash used in investing activities-44-63-259-60-133
Share repurchases pursuant to share repurchase programs--769935
Proceeds from Stock Options Exercised-101931015
Proceeds from Issuance of Common Stock1,161626---
Deferred financing costs----3
Purchase of LLC Interests1,161626---
Dividends3658656676
Offering costs from issuance of Class A common stock in follow-on offering153---
Distributions to non-controlling interests3817111112
Dividends3658656676
Payroll taxes paid for stock-based compensation9767110251
Distributions to non-controlling interests3817111112
Payments on tax receivable agreement liability--796
Payroll taxes paid for stock-based compensation9767110251
Net cash used in financing activities-218-53-136-277-168
Payments on tax receivable agreement liability--796
Net cash used in financing activities-218-53-136-277-168
Effect of exchange rate changes on cash, cash equivalents and restricted cash23-2-114
Net increase (decrease) in cash, cash equivalents and restricted cash50331181285449
Income Taxes Paid, Net--41329
Capital Expenditures Incurred but Not yet Paid---42
Right-of-Use Asset Obtained In Exchange For Operating Lease Liability Net Of Modifications---910
Noncash Financing Activities, Taxes Payable Relating to Stock-based Compensation Settlements----0
Share-Based Payment Arrangement, Amount Capitalized---12
Right-of-Use Asset Obtained In Exchange For Operating Lease Liability Net Of Modifications---910
Liabilities Assumed--283628
Share-Based Payment Arrangement, Amount Capitalized---12
Deferred tax asset--12312481
Liabilities Assumed--283628
Other - See Note 14--23-
Deferred tax asset--12312481
Other - See Note 14--23-