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    Tradeweb Markets Inc.

    Company overview

    Market capitalization
    $23.58B
    Employees
    1,598
    Latest publication
    2026-09-29
    About Tradeweb Markets Inc.

    Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally. The company offers marketplaces that facilitate trading products across various asset classes, including rates, credit, equities, and money markets. It also provides pre-trade data and analytics, such as AI-Price, SNAP+, iNAV for ETFs, integrations, and LSEG market data; and trade execution comprising request-for-quote, request-for-market, request-for-stream, list trading, compression, blast all-to-all, click-to-trade, portfolio trading, session-based, central limit order book, bilateral firm streams, inventory-based, rematch, voice, futures vs. cash spreading, and dealer algorithmic suite. In addition, the company offers trade processing; and post-trade data, analytics, and reporting, which include transaction cost analysis, benchmark prices, and APA. It serves institutional, wholesale, retail, and corporate clients, such as asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, regional dealers, and corporations. The company was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20192019-03-31 · USDQ4 20182018-12-31 · USDQ3 20182018-09-30 · USDQ2 20182018-06-30 · USDQ1 20182018-03-31 · USDQ4 20172017-12-31 · USDQ4 20162016-12-31 · USD
    Total Revenue558,946,000USD186,792,000USD178,637,000USD167,790,000USD151,718,000USD159,433,000USD143,399,000USD6,040,127,000USD
    Cost Of Revenue214,438,000USD77,273,000USD80,436,000USD69,076,000USD68,407,000USD71,570,000USD-22,390,000USD3,866,523,000USD
    Gross Profit344,508,000USD109,519,000USD98,201,000USD98,714,000USD83,311,000USD87,863,000USD143,399,000USD3,756,399,000USD
    Total Operating Expenses99,246,000USD63,242,000USD66,266,000USD45,897,000USD43,149,000USD40,508,000USD133,579,000USD399,049,000USD
    Operating Income245,262,000USD46,277,000USD31,935,000USD52,817,000USD40,162,000USD47,355,000USD38,805,000USD997,683,000USD
    Total Other Income Expense Net24,924,000USD858,000USD787,000USD673,000USD582,000USD471,000USD257,000USD-25,580,000USD
    Interest Expense505,000USD—2,956,000USD———1,843,000USD11,940,000USD
    Labor And Related Expense172,462,000USD———————
    Communications And Information Technology41,976,000USD———————
    Income Before Tax270,186,000USD47,135,000USD32,722,000USD53,490,000USD40,744,000USD47,826,000USD10,077,000USD809,904,000USD
    Income Tax Expense63,500,000USD4,783,000USD3,415,000USD7,535,000USD1,847,000USD2,518,000USD2,970,000USD237,059,000USD
    Equity Method Income Loss-500,000USD———————
    Net Income206,686,000USD42,352,000USD29,307,000USD45,955,000USD38,897,000USD45,308,000USD7,107,000USD571,557,000USD
    Minority Interest25,368,000USD1,607,249,000USD1,607,249,000USD—1,607,249,000USD—-432,000USD1,288,000USD
    Net Income Applicable To Common Shares181,274,000USD42,352,000USD29,307,000USD—38,897,000USD45,308,000USD7,107,000USD571,557,000USD
    Selling General Administrative—29,739,000USD33,246,000USD29,535,000USD26,971,000USD24,240,000USD14,646,000USD831,410,000USD
    Unclassified Operating Expenses—33,503,000USD7,984,000USD16,362,000USD16,178,000USD16,268,000USD46,068,000USD-432,361,000USD
    Interest Income—858,000USD——————
    Net Interest Income—858,000USD——————
    Tax Provision—4,783,000USD——————
    Net Income From Continuing Ops—42,352,000USD29,307,000USD—38,897,000USD45,308,000USD7,107,000USD93,161,000USD
    Ebit—46,277,000USD31,935,000USD52,817,000USD40,162,000USD47,355,000USD10,077,000USD0USD
    Ebitda—79,780,000USD64,955,000USD69,179,000USD56,340,000USD63,623,000USD19,537,000USD—
    Depreciation And Amortization—33,503,000USD33,020,000USD16,362,000USD16,178,000USD16,268,000USD9,460,000USD—
    Reconciled Depreciation—33,503,000USD33,020,000USD16,362,000USD16,178,000USD16,268,000USD——
    Research Development——25,036,000USD———6,510,000USD0USD
    Discontinued Operations——0USD———0USD0USD
    Selling And Marketing Expenses——————66,355,000USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20182018-12-31 · USDFY 20172017-12-31 · USDFY 20162016-12-31 · USDFY 20142014-12-31 · USDFY 20132013-12-31 · USDFY 20122012-12-31 · USDFY 20112011-12-31 · USDFY 20082008-12-31 · USD
    Total Revenue657,578,000USD504,448,000USD492,180,000USD3,644,953,000USD3,481,912,000USD3,596,784,000USD3,417,736,000USD1,676,029,000USD
    Cost Of Revenue289,489,000USD248,963,000USD228,584,000USD2,565,175,000USD2,494,089,000USD2,588,264,000USD2,489,991,000USD1,215,948,000USD
    Gross Profit368,089,000USD255,485,000USD263,596,000USD1,079,778,000USD987,823,000USD1,008,520,000USD927,745,000USD460,081,000USD
    Research Development25,036,000USD25,420,000USD26,824,000USD—————
    Selling General Administrative113,992,000USD97,778,000USD89,606,000USD311,906,000USD317,448,000USD329,467,000USD284,994,000USD177,250,000USD
    Unclassified Operating Expenses56,792,000USD43,195,000USD54,035,000USD—————
    Total Operating Expenses195,820,000USD166,393,000USD170,465,000USD—————
    Operating Income172,269,000USD89,092,000USD93,131,000USD595,585,000USD495,557,000USD502,360,000USD489,009,000USD209,383,000USD
    Interest Income2,513,000USD685,000USD644,000USD—————
    Interest Expense0USD455,000USD1,339,000USD0USD0USD0USD0USD0USD
    Net Interest Income2,513,000USD685,000USD-695,000USD—————
    Income Before Tax174,782,000USD89,777,000USD92,436,000USD585,693,000USD498,506,000USD468,203,000USD406,232,000USD221,734,000USD
    Income Tax Expense15,315,000USD6,129,000USD-725,000USD200,062,000USD138,249,000USD152,551,000USD145,756,000USD75,276,000USD
    Tax Provision15,315,000USD6,129,000USD-725,000USD—————
    Net Income159,467,000USD83,648,000USD93,161,000USD384,978,000USD359,300,000USD318,812,000USD260,213,000USD146,458,000USD
    Net Income From Continuing Ops159,467,000USD83,648,000USD93,161,000USD—————
    Ebit172,269,000USD89,092,000USD93,775,000USD—————
    Ebitda254,097,000USD157,707,000USD174,634,000USD—————
    Depreciation And Amortization81,828,000USD68,615,000USD80,859,000USD—————
    Reconciled Depreciation81,828,000USD68,615,000USD——————
    Total Other Income Expense Net2,513,000USD685,000USD-695,000USD—————
    Minority Interest1,214,157,000USD1,214,157,000USD1,214,157,000USD653,000USD7,014,000USD—263,000USD—
    Net Income Applicable To Common Shares159,467,000USD83,648,000USD93,161,000USD384,978,000USD353,243,000USD318,812,000USD260,213,000USD146,458,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets8,250,843,000USD8,295,749,000USD8,189,557,000USD7,995,948,000USD8,056,055,000USD7,369,961,000USD7,267,993,000USD7,336,717,000USD
    Cash And Equivalents2,057,929,000USD———————
    Total Liabilities912,689,000USD———————
    Total Stockholder Equity6,634,531,000USD6,620,254,000USD6,507,755,000USD6,280,698,000USD6,097,771,000USD5,938,914,000USD5,800,192,000USD5,700,647,000USD
    Total Equity Including Noncontrolling Interest7,338,154,000USD———————
    Property Plant Equipment Net210,393,000USD203,835,000USD201,258,000USD121,821,000USD70,323,000USD73,650,000USD79,523,000USD58,811,000USD
    Goodwill3,150,112,000USD———————
    Intangible Assets1,089,848,000USD1,383,046,000USD1,148,015,000USD1,177,099,000USD1,494,890,000USD1,534,663,000USD1,577,613,000USD1,620,578,000USD
    Retained Earnings1,687,101,000USD1,725,834,000USD1,601,044,000USD1,407,775,000USD1,247,748,000USD1,119,572,000USD996,763,000USD910,750,000USD
    Accumulated Other Comprehensive Income15,912,000USD7,933,000USD10,899,000USD7,749,000USD7,031,000USD-1,811,000USD-9,981,000USD1,115,000USD
    Other Current Assets—58,346,000USD-1,000,000USD-91,640,000USD66,926,000USD102,048,000USD54,702,000USD65,277,000USD
    Total Liab—986,111,000USD1,000,320,000USD1,060,984,999USD1,329,779,000USD822,756,000USD869,108,000USD1,050,326,000USD
    Other Current Liab—344,906,000USD258,259,000USD226,598,000USD-178,330,000USD104,059,000USD-149,117,000USD-201,683,000USD
    Common Stock—2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD
    Capital Stock—2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD
    Good Will—3,150,112,000USD3,150,112,000USD3,150,112,000USD3,150,112,000USD3,150,112,000USD3,150,112,000USD3,149,956,000USD
    Other Assets—734,830,000USD564,952,000USD726,349,000USD1,117,815,000USD705,059,000USD—-97,000USD
    Cash—1,937,301,000USD2,085,739,000USD1,907,922,000USD1,631,121,000USD1,307,455,000USD1,341,302,000USD1,174,734,000USD
    Cash And Short Term Investments—1,937,301,000USD2,085,739,000USD1,907,922,000USD1,631,121,000USD1,307,455,000USD1,341,302,000USD1,174,734,000USD
    Total Current Assets—2,481,136,000USD2,342,584,000USD2,179,163,000USD2,505,986,000USD1,816,768,000USD1,686,077,000USD1,786,468,000USD
    Total Current Liabilities—681,428,000USD474,622,000USD529,883,000USD903,199,000USD377,970,000USD417,628,000USD596,311,000USD
    Current Deferred Revenue—54,242,000USD29,030,000USD36,266,000USD40,614,000USD46,980,000USD30,800,000USD29,580,000USD
    Net Debt—-1,794,475,000USD-1,807,403,000USD-1,637,656,000USD-1,598,799,000USD-1,275,184,000USD-1,305,554,000USD-1,146,144,000USD
    Short Term Debt—142,826,000USD—135,633,000USD32,322,000USD32,271,000USD—28,590,000USD
    Short Long Term Debt Total—142,826,000USD278,336,000USD271,266,000USD32,322,000USD32,271,000USD35,748,000USD28,590,000USD
    Long Term Investments—296,159,000USD291,997,000USD———11,206,000USD—
    Net Receivables—485,489,000USD257,845,000USD362,881,000USD807,939,000USD407,265,000USD290,073,000USD546,457,000USD
    Accounts Payable—282,280,000USD187,333,000USD267,019,000USD689,513,000USD226,931,000USD163,106,000USD386,007,000USD
    Property Plant Equipment Gross—305,535,000USD201,258,000USD291,022,000USD170,823,000USD169,550,000USD79,523,000USD172,011,000USD
    Common Stock Shares Outstanding—213,324,648shares214,740,747shares214,983,486shares214,971,946shares214,895,000shares214,925,000shares215,097,000shares
    Non Current Assets Total—5,814,613,000USD5,282,021,000USD5,090,436,000USD5,550,069,000USD5,553,193,000USD5,581,916,000USD5,550,249,000USD
    Non Current Liabilities Total—304,683,000USD525,698,000USD531,101,999USD426,580,000USD444,785,999USD451,479,999USD454,015,000USD
    Non Currrent Assets Other—198,481,000USD-78,193,000USD-47,547,000USD149,766,000USD115,146,000USD89,571,000USD75,635,000USD
    Net Working Capital—1,799,708,000USD1,858,827,000USD1,667,001,000USD1,410,508,000USD1,173,610,000USD1,126,663,000USD986,989,000USD
    Unclassified Non Current Assets—-151,850,000USD-74,313,000USD-84,945,000USD-432,837,000USD—673,891,000USD645,269,000USD
    Unclassified Current Liabilities—-142,826,000USD—-135,633,000USD140,750,000USD-32,271,000USD223,722,000USD152,134,000USD
    Unclassified Non Current Liabilities—304,683,000USD525,698,000USD531,101,999USD426,580,000USD444,785,999USD451,479,999USD454,015,000USD
    Unclassified Equity—4,886,483,000USD4,895,808,000USD4,865,170,000USD4,842,988,000USD4,821,149,000USD4,813,406,000USD4,788,778,000USD
    Unclassified Current Assets———-91,640,000USD————
    Inventory———————97,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets8,189,557,000USD7,267,993,000USD7,059,538,000USD6,260,131,000USD5,990,180,000USD5,679,850,000USD5,095,334,000USD4,997,139,000USD
    Intangible Assets1,148,015,000USD1,577,613,000USD1,136,129,000USD1,214,651,000USD1,336,219,000USD1,350,064,000USD1,454,527,000USD1,551,430,000USD
    Total Liab1,000,320,000USD869,108,000USD1,128,132,000USD713,815,000USD681,237,000USD660,687,000USD502,589,000USD410,626,000USD
    Total Stockholder Equity6,507,755,000USD5,800,192,000USD5,373,755,000USD4,953,791,000USD4,645,595,000USD5,019,163,000USD4,592,745,000USD4,572,334,000USD
    Other Current Liab258,259,000USD-149,117,000USD-291,867,000USD-273,426,000USD-252,765,000USD376,911,000USD212,416,000USD149,354,000USD
    Common Stock2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD3,000USD4,573,200,000USD
    Capital Stock2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD3,000USD4,453,200,000USD
    Retained Earnings1,601,044,000USD996,763,000USD640,384,000USD386,632,000USD242,623,000USD156,041,000USD47,833,000USD58,753,000,000USD
    Good Will3,150,112,000USD3,150,112,000USD2,815,524,000USD2,780,259,000USD2,780,259,000USD2,694,797,000USD2,694,797,000USD2,694,797,000USD
    Other Assets564,952,000USD581,666,000USD-192,000USD741,037,000USD-4,866,672,000USD639,336,000USD460,711,000USD25,027,000USD
    Cash2,084,739,000USD1,341,302,000USD1,707,468,000USD1,258,229,000USD973,048,000USD791,280,000USD460,711,000USD411,304,000USD
    Cash And Short Term Investments2,084,739,000USD1,341,302,000USD1,707,468,000USD1,258,229,000USD973,048,000USD791,280,000USD460,711,000USD411,304,000USD
    Total Current Assets2,342,584,000USD1,686,077,000USD2,293,859,000USD1,436,443,000USD1,123,508,000USD909,716,000USD597,415,000USD684,514,000USD
    Total Current Liabilities474,622,000USD417,628,000USD622,379,000USD238,897,000USD223,446,000USD477,511,000USD330,647,000USD390,999,000USD
    Current Deferred Revenue29,030,000USD30,800,000USD25,746,000USD22,827,000USD24,930,000USD23,193,000USD23,990,000USD27,883,000USD
    Net Debt-1,806,403,000USD-1,305,554,000USD-1,658,393,000USD-1,230,286,000USD-948,717,000USD-756,817,000USD-429,756,000USD-411,304,000USD
    Short Term Debt139,168,000USD35,748,000USD21,612,000USD27,943,000USD24,331,000USD34,463,000USD30,955,000USD3,052,000,000USD
    Short Long Term Debt Total278,336,000USD35,748,000USD49,075,000USD27,943,000USD24,331,000USD153,809,463,000USD151,339,955,000USD—
    Long Term Investments291,997,000USD11,206,000USD——————
    Net Receivables257,845,000USD290,073,000USD549,585,000USD154,308,000USD129,937,000USD105,765,000USD125,980,000USD261,783,000USD
    Accounts Payable187,333,000USD163,106,000USD409,365,000USD63,772,000USD38,832,000USD42,944,000USD63,286,000USD213,762,000USD
    Property Plant Equipment Net123,065,000USD79,523,000USD58,765,000USD62,346,000USD51,556,000USD63,251,000USD64,909,000USD38,128,000USD
    Property Plant Equipment Gross201,258,000USD79,523,000USD58,765,000USD62,346,000USD51,556,000USD63,251,000USD64,909,000USD38,128,000USD
    Accumulated Other Comprehensive Income10,899,000USD-9,981,000USD-5,389,000USD-10,113,000USD1,604,000USD4,314,000USD1,366,000USD-866,000USD
    Common Stock Shares Outstanding214,898,240shares214,925,000shares212,668,808shares208,400,040shares207,254,840shares188,223,032shares156,540,246shares123,383,477shares
    Non Current Assets Total5,282,021,000USD5,581,916,000USD4,765,679,000USD4,823,688,000USD4,866,672,000USD4,770,134,000USD4,497,919,000USD4,312,625,000USD
    Non Current Liabilities Total525,698,000USD451,479,999USD505,753,000USD474,918,000USD457,790,999USD183,176,000USD171,942,000USD19,626,999USD
    Non Currrent Assets Other140,249,000USD89,571,000USD61,919,000USD56,984,000USD76,355,000USD82,349,000USD24,711,000USD25,027,000USD
    Net Working Capital1,858,827,000USD1,126,663,000USD1,400,090,000USD922,706,000USD642,437,000USD847,059,000USD520,851,000USD432,172,000USD
    Unclassified Non Current Assets-136,369,000USD92,225,000USD693,342,000USD—622,283,000USD-59,663,000USD-201,736,000USD—
    Unclassified Current Liabilities-139,168,000USD187,974,000USD165,656,000USD124,355,000USD135,353,000USD——-3,052,000,000USD
    Unclassified Non Current Liabilities525,698,000USD451,479,999USD484,141,000USD10,907,000USD—-152,191,774,000USD-149,629,002,000USD-166,292,062,001USD
    Unclassified Equity4,895,808,000USD4,813,406,000USD4,738,756,000USD4,577,268,000USD4,401,364,000USD22,768,804,000USD17,628,540,000USD-51,147,200,000USD
    Other Current Assets—54,702,000USD36,806,000USD23,906,000USD20,523,000USD11,671,000USD9,724,000USD11,427,000USD
    Short Term Investments——8,900,000USD—————
    Inventory——1,000,000USD-11,638,000USD1,000,000USD1,000,000USD1,000,000USD2,771,000,000USD
    Non Current Liabilities Other——21,612,000USD———55,993,000USD—
    Other Liab———464,011,000USD458,390,000USD446,950,000USD286,379,000USD61,689,000USD
    Net Tangible Assets———956,475,000USD526,725,000USD257,004,000USD-772,311,000USD326,107,000USD
    Long Term Debt—————151,928,000,000USD149,437,000,000USD166,250,000,000USD
    Treasury Stock—————-17,910,000,000USD-13,085,000,000USD-12,059,000,000USD
    Deferred Long Term Liab——————21,572,000USD—
    Unclassified Current Assets———————-2,771,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation122,196,000USD
    Stock Based Compensation54,865,000USD
    Deferred Income Tax38,417,000USD
    Other Non Cash Items6,122,000USD
    Change To Account Receivables-53,730,000USD
    Change To Liabilities-3,832,000USD
    Change In Working Capital-155,319,000USD
    Operating Cash Flow497,936,000USD
    Capital Expenditures-17,929,000USD
    Net Investments-56,878,000USD
    Unclassified Investing Cash Flow-36,410,000USD
    Investing Cash Flow-111,217,000USD
    Net Common Stock Issuance-325,677,000USD
    Unclassified Financing Cash Flow-85,587,000USD
    Financing Cash Flow-411,264,000USD
    Effect Of Forex Changes On Cash-2,265,000USD
    Change In Cash-26,810,000USD
    End Cash Flow2,058,929,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income205,284,000USD324,735,000USD210,549,000USD175,522,000USD168,305,000USD159,942,000USD130,223,000USD136,416,000USD
    Depreciation60,709,000USD60,091,000USD64,351,000USD63,048,000USD62,699,000USD62,854,000USD57,872,000USD49,936,000USD
    Stock Based Compensation25,060,000USD28,305,000USD26,136,000USD26,909,000USD22,187,000USD23,363,000USD26,169,000USD23,715,000USD
    Other Non Cash Items25,370,000USD-157,117,000USD-39,420,000USD4,981,000USD-21,867,000USD1,124,000USD860,000USD16,947,000USD
    Change To Account Receivables-83,765,000USD-1,757,000USD-8,426,000USD11,386,000USD-71,000,000USD3,656,000USD-599,000USD-40,292,000USD
    Change In Working Capital-234,002,000USD59,541,000USD71,832,000USD151,219,000USD-198,373,000USD41,362,000USD63,682,000USD66,713,000USD
    Total Cash From Operating Activities103,829,000USD355,949,000USD342,303,000USD409,187,000USD60,207,000USD282,025,000USD292,132,000USD285,670,000USD
    Capital Expenditures-9,596,000USD-34,808,000USD-31,411,000USD-5,465,000USD-1,645,000USD-37,958,000USD-17,016,000USD-16,628,000USD
    Free Cash Flow94,233,000USD321,141,000USD310,892,000USD403,722,000USD58,562,000USD244,067,000USD275,116,000USD269,042,000USD
    Investments-50,191,000USD0USD-34,851,000USD-42,057,000USD-14,817,000USD-46,287,000USD-788,199,000USD-27,713,000USD
    Total Cashflows From Investing Activities-77,301,000USD-34,808,000USD-34,851,000USD-42,057,000USD-14,817,000USD-46,287,000USD-788,199,000USD-27,713,000USD
    Total Cash From Financing Activities-172,142,000USD-145,263,000USD-28,458,000USD-50,728,000USD-83,026,000USD-60,346,000USD-55,035,000USD-84,110,000USD
    Dividends Paid-29,770,000USD-25,556,000USD-25,609,000USD-25,606,000USD-25,573,000USD-21,305,000USD-21,320,000USD-21,321,000USD
    Sale Purchase Of Stock-53,331,000USD-103,329,000USD-1,219,000USD-1,639,000USD-844,000USD-34,661,000USD-24,391,000USD-3,804,000USD
    Change In Cash-147,438,000USD176,817,000USD277,801,000USD323,666,000USD-33,847,000USD166,568,000USD-544,496,000USD173,349,000USD
    Begin Period Cash Flow2,085,739,000USD1,908,922,000USD1,631,121,000USD1,307,455,000USD1,341,302,000USD1,174,734,000USD1,719,230,000USD1,545,881,000USD
    End Period Cash Flow1,938,301,000USD2,085,739,000USD1,908,922,000USD1,631,121,000USD1,307,455,000USD1,341,302,000USD1,174,734,000USD1,719,230,000USD
    Other Cashflows From Investing Activities-17,514,000USD-15,397,000USD-2,380,000USD-16,592,000USD-13,172,000USD-12,727,000USD-12,704,000USD-11,800,000USD
    Other Cashflows From Financing Activities-92,024,000USD-16,378,000USD-1,630,000USD-23,483,000USD-56,609,000USD-4,380,000USD-9,324,000USD-64,810,000USD
    Unclassified Operating Cash Flow21,408,000USD40,394,000USD8,855,000USD-12,492,000USD27,256,000USD-6,620,000USD13,326,000USD-8,057,000USD
    Unclassified Financing Cash Flow2,983,000USD——————5,825,000USD
    Unclassified Investing Cash Flow—15,397,000USD33,791,000USD22,057,000USD14,817,000USD50,685,000USD29,720,000USD28,428,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income812,792,000USD569,963,000USD419,503,000USD359,613,000USD273,108,000USD218,390,000USD173,024,000USD159,467,000USD
    Depreciation250,189,000USD219,999,000USD185,350,000USD178,879,000USD171,308,000USD153,789,000USD139,330,000USD81,828,000USD
    Stock Based Compensation103,537,000USD89,649,000USD65,128,000USD66,644,000USD51,943,000USD39,286,000USD49,824,000USD19,572,000USD
    Other Non Cash Items-175,409,000USD1,114,000USD13,122,000USD1,000,000USD33,535,000USD52,094,000USD389,250,000USD21,102,000USD
    Change To Account Receivables-35,337,000USD-14,896,000USD-21,081,000USD-17,228,000USD-22,369,000USD-11,547,000USD-4,283,000USD-190,616,000USD
    Change In Working Capital84,219,000USD-7,568,000USD-36,427,000USD-12,524,000USD8,998,000USD-21,995,000USD-33,065,000USD11,417,000USD
    Total Cash From Operating Activities1,167,646,000USD897,741,000USD746,089,000USD632,822,000USD578,021,000USD443,234,000USD311,003,000USD277,384,000USD
    Capital Expenditures-40,552,000USD-40,960,000USD-61,764,000USD-60,096,000USD-51,348,000USD-42,536,000USD-44,462,000USD-42,096,000USD
    Free Cash Flow1,127,094,000USD856,781,000USD684,325,000USD572,726,000USD526,673,000USD400,698,000USD266,541,000USD235,288,000USD
    Investments-38,440,000USD-969,190,000USD-132,765,000USD-60,096,000USD-259,110,000USD-62,536,000USD-44,462,000USD-20,000,000USD
    Total Cashflows From Investing Activities-126,533,000USD-969,190,000USD-132,765,000USD-60,096,000USD-259,110,000USD-62,536,000USD-44,462,000USD-42,096,000USD
    Total Cash From Financing Activities-307,475,000USD-290,261,000USD-168,174,000USD-276,703,000USD-136,100,000USD-52,693,000USD-218,142,000USD-175,350,000USD
    Dividends Paid-102,344,000USD-85,232,000USD-75,909,000USD-66,006,000USD-64,570,000USD-58,088,000USD-155,936,000USD-175,350,000USD
    Sale Purchase Of Stock-104,173,000USD-59,052,000USD-35,205,000USD-99,323,000USD-75,676,000USD-1,495,000,000USD-809,954,000USD-175,350,000USD
    Change In Cash744,437,000USD-366,166,000USD449,239,000USD285,181,000USD180,768,000USD330,569,000USD50,407,000USD57,506,000USD
    Begin Period Cash Flow1,341,302,000USD1,707,468,000USD1,258,229,000USD973,048,000USD792,280,000USD461,711,000USD411,304,000USD353,798,000USD
    End Period Cash Flow2,085,739,000USD1,341,302,000USD1,707,468,000USD1,258,229,000USD973,048,000USD792,280,000USD461,711,000USD411,304,000USD
    Other Cashflows From Investing Activities-85,981,000USD-68,104,000USD-43,235,000USD-36,882,000USD-34,470,000USD2,127,000,000USD-28,681,000USD-26,679,000USD
    Other Cashflows From Financing Activities-100,958,000USD-145,977,000USD-57,060,000USD-111,374,000USD4,146,000USD-620,872,000USD-2,033,430,000USD-42,096,000USD
    Unclassified Operating Cash Flow92,318,000USD24,584,000USD99,413,000USD39,210,000USD39,129,000USD—-407,360,000USD-16,002,000USD
    Unclassified Investing Cash Flow38,440,000USD109,064,000USD104,999,000USD96,978,000USD85,818,000USD-2,084,464,000USD73,143,000USD46,679,000USD
    Change To Inventory——4,894,000USD—13,389,000USD-36,158,000USD-20,271,000USD-3,299,000USD
    Change To Liabilities———8,206,000USD-2,337,000USD10,387,000USD-7,455,000USD7,640,000USD
    Issuance Of Capital Stock———0USD0USD626,267,000USD1,971,224,000USD—
    Unclassified Financing Cash Flow—————2,121,267,000USD2,781,178,000USD217,446,000USD
    Cash And Cash Equivalents Changes——————48,399,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30GeographyInternational245,070,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyUnited States313,876,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyInternational274,112,000USD0001758730-26-000096
    Q1 2026Quarterly · 2026-03-31GeographyUnited States343,652,000USD0001758730-26-000096
    Q4 2025Quarterly · 2025-12-31GeographyInternational220,240,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31GeographyUnited States300,943,000USDLegacy provider
    FY 2025Yearly · 2025-12-31GeographyInternational858,367,000USD0001758730-26-000015
    FY 2025Yearly · 2025-12-31GeographyUnited States1,194,062,000USD0001758730-26-000015
    Q3 2025Quarterly · 2025-09-30GeographyInternational211,163,000USD0001758730-25-000172
    Q3 2025Quarterly · 2025-09-30GeographyUnited States297,435,000USD0001758730-25-000172
    Q2 2025Quarterly · 2025-06-30GeographyInternational215,168,000USD0001758730-25-000161
    Q2 2025Quarterly · 2025-06-30GeographyUnited States297,803,000USD0001758730-25-000161
    Q1 2025Quarterly · 2025-03-31GeographyInternational211,796,000USD0001758730-26-000096
    Q1 2025Quarterly · 2025-03-31GeographyUnited States297,881,000USD0001758730-26-000096
    Q4 2024Quarterly · 2024-12-31GeographyInternational188,594,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyUnited States274,750,000USDLegacy provider
    FY 2024Yearly · 2024-12-31GeographyInternational665,252,000USD0001758730-26-000015
    FY 2024Yearly · 2024-12-31GeographyUnited States1,060,697,000USD0001758730-26-000015
    Q3 2024Quarterly · 2024-09-30GeographyInternational169,210,000USD0001758730-25-000172
    Q3 2024Quarterly · 2024-09-30GeographyUnited States279,705,000USD0001758730-25-000172
    FY 2023Yearly · 2023-12-31GeographyInternational487,881,000USD0001758730-26-000015
    FY 2023Yearly · 2023-12-31GeographyUnited States850,338,000USD0001758730-26-000015
    FY 2022Yearly · 2022-12-31GeographyInternational428,139,000USD0001758730-25-000038
    FY 2022Yearly · 2022-12-31GeographyUnited States760,642,000USD0001758730-25-000038
    FY 2021Yearly · 2021-12-31GeographyInternational403,224,000USD0001758730-24-000025
    FY 2021Yearly · 2021-12-31GeographyUnited States673,223,000USD0001758730-24-000025
    Q3 2021Quarterly · 2021-09-30ProductFinancial Service Other1,160,000USD0001758730-22-000024
    Q3 2021Quarterly · 2021-09-30ProductMarket Data Revenue15,002,000USD0001758730-22-000024
    Q3 2021Quarterly · 2021-09-30ProductSubscription Fee Revenue223,000USD0001758730-22-000024
    Q2 2021Quarterly · 2021-06-30ProductFinancial Service Other3,129,000USD0001758730-22-000018
    Q2 2021Quarterly · 2021-06-30ProductMarket Data Revenue14,926,000USD0001758730-22-000018
    Q2 2021Quarterly · 2021-06-30ProductSubscription Fee Revenue206,000USD0001758730-22-000018
    Q1 2021Quarterly · 2021-03-31ProductFinancial Service Other3,027,000USD0001758730-22-000012
    Q1 2021Quarterly · 2021-03-31ProductMarket Data Revenue15,117,000USD0001758730-22-000012
    Q1 2021Quarterly · 2021-03-31ProductSubscription Fee Revenue569,000USD0001758730-22-000012
    FY 2020Yearly · 2020-12-31GeographyInternational322,595,000USD0001758730-23-000047
    FY 2020Yearly · 2020-12-31GeographyUnited States570,064,000USD0001758730-23-000047
    Q4 2020Quarterly · 2020-12-31ProductCommissions Revenue42,913,000USD0001758730-21-000007
    Q4 2020Quarterly · 2020-12-31ProductFinancial Service Other2,349,000USD0001758730-21-000007
    Q4 2020Quarterly · 2020-12-31ProductMarket Data Revenue16,240,000USD0001758730-21-000007
    Q4 2020Quarterly · 2020-12-31ProductSubscription Fee Revenue36,652,000USD0001758730-21-000007
    Q4 2020Quarterly · 2020-12-31ProductTransaction Fee Revenue134,922,000USD0001758730-21-000007
    FY 2020Yearly · 2020-12-31ProductCommissions Revenue163,114,000USD0001758730-21-000007
    FY 2020Yearly · 2020-12-31ProductFinancial Service Other9,007,000USD0001758730-21-000007
    FY 2020Yearly · 2020-12-31ProductMarket Data Revenue59,706,000USD0001758730-21-000007
    FY 2020Yearly · 2020-12-31ProductSubscription Fee Revenue142,358,000USD0001758730-21-000007
    FY 2020Yearly · 2020-12-31ProductTransaction Fee Revenue518,474,000USD0001758730-21-000007
    Q3 2020Quarterly · 2020-09-30ProductMarket Data Revenue14,273,000USD0001758730-21-000028
    Q3 2020Quarterly · 2020-09-30ProductOther Fees3,180,000USD0001758730-21-000028
    Q3 2020Quarterly · 2020-09-30ProductSubscription Fee Revenue0USD0001758730-21-000028
    Q2 2020Quarterly · 2020-06-30ProductMarket Data Revenue14,565,000USD0001758730-21-000022
    Q2 2020Quarterly · 2020-06-30ProductOther Fees3,932,000USD0001758730-21-000022
    Q2 2020Quarterly · 2020-06-30ProductSubscription Fee Revenue0USD0001758730-21-000022
    Q1 2020Quarterly · 2020-03-31ProductCommissions Revenue42,493,000USD0001758730-21-000007
    Q1 2020Quarterly · 2020-03-31ProductFinancial Service Other2,178,000USD0001758730-21-000007
    Q1 2020Quarterly · 2020-03-31ProductMarket Data Revenue14,628,000USD0001758730-21-000007
    Q1 2020Quarterly · 2020-03-31ProductSubscription Fee Revenue34,483,000USD0001758730-21-000007
    Q1 2020Quarterly · 2020-03-31ProductTransaction Fee Revenue140,824,000USD0001758730-21-000007
    FY 2019Yearly · 2019-12-31GeographyInternational278,250,000USD0001758730-22-000006
    FY 2019Yearly · 2019-12-31GeographyUnited States497,316,000USD0001758730-22-000006
    Q4 2019Quarterly · 2019-12-31ProductCommissions Revenue41,165,000USD0001758730-21-000007
    Q4 2019Quarterly · 2019-12-31ProductFinancial Service Other2,182,000USD0001758730-21-000007
    Q4 2019Quarterly · 2019-12-31ProductMarket Data Revenue15,383,000USD0001758730-21-000007
    Q4 2019Quarterly · 2019-12-31ProductSubscription Fee Revenue34,333,000USD0001758730-21-000007
    Q4 2019Quarterly · 2019-12-31ProductTransaction Fee Revenue104,245,000USD0001758730-21-000007
    FY 2019Yearly · 2019-12-31ProductCommissions Revenue149,365,000USD0001758730-21-000007
    FY 2019Yearly · 2019-12-31ProductFinancial Service Other8,252,000USD0001758730-21-000007
    FY 2019Yearly · 2019-12-31ProductMarket Data Revenue55,635,000USD0001758730-21-000007
    FY 2019Yearly · 2019-12-31ProductSubscription Fee Revenue138,731,000USD0001758730-21-000007
    FY 2019Yearly · 2019-12-31ProductTransaction Fee Revenue423,583,000USD0001758730-21-000007
    FY 2017Yearly · 2017-12-31GeographyInternational177,792,000USD0001558370-20-001170
    FY 2017Yearly · 2017-12-31GeographyUnited States385,176,000USD0001558370-20-001170
    FY 2017Yearly · 2017-12-31ProductCommissions Revenue96,745,000USD0001558370-20-001170
    FY 2017Yearly · 2017-12-31ProductFinancial Service Other4,669,000USD0001558370-20-001170
    FY 2017Yearly · 2017-12-31ProductMarket Data Revenue50,125,000USD0001558370-20-001170
    FY 2017Yearly · 2017-12-31ProductSubscription Fee Revenue144,409,000USD0001558370-20-001170
    FY 2017Yearly · 2017-12-31ProductTransaction Fee Revenue267,020,000USD0001558370-20-001170
    Q3 2015Quarterly · 2015-09-30SegmentBenefits448,024,000USD0001470215-15-000018
    Q3 2015Quarterly · 2015-09-30SegmentExchange Solutions118,491,000USD0001470215-15-000018
    Q3 2015Quarterly · 2015-09-30SegmentRisk And Financial Services137,723,000USD0001470215-15-000018
    Q3 2015Quarterly · 2015-09-30SegmentTalent And Rewards160,291,000USD0001470215-15-000018
    FY 2015Yearly · 2015-06-30SegmentBenefits1,922,380,000USD0001470215-15-000012
    FY 2015Yearly · 2015-06-30SegmentExchange Solutions375,020,000USD0001470215-15-000012
    FY 2015Yearly · 2015-06-30SegmentRisk And Financial Services603,621,000USD0001470215-15-000012
    FY 2015Yearly · 2015-06-30SegmentTalent And Rewards622,820,000USD0001470215-15-000012
    Q1 2015Quarterly · 2015-03-31SegmentBenefits495,689,000USD0001470215-15-000008
    Q1 2015Quarterly · 2015-03-31SegmentExchange Solutions96,963,000USD0001470215-15-000008
    Q1 2015Quarterly · 2015-03-31SegmentRisk And Financial Services156,212,000USD0001470215-15-000008
    Q1 2015Quarterly · 2015-03-31SegmentTalent And Rewards140,103,000USD0001470215-15-000008
    Q4 2014Quarterly · 2014-12-31SegmentBenefits488,453,000USD0001470215-15-000003
    Q4 2014Quarterly · 2014-12-31SegmentExchange Solutions93,924,000USD0001470215-15-000003
    Q4 2014Quarterly · 2014-12-31SegmentRisk And Financial Services154,278,000USD0001470215-15-000003
    Q4 2014Quarterly · 2014-12-31SegmentTalent And Rewards183,973,000USD0001470215-15-000003
    Q3 2014Quarterly · 2014-09-30SegmentBenefits465,587,000USD0001470215-15-000018
    Q3 2014Quarterly · 2014-09-30SegmentExchange Solutions86,282,000USD0001470215-15-000018
    Q3 2014Quarterly · 2014-09-30SegmentRisk And Financial Services148,026,000USD0001470215-15-000018
    Q3 2014Quarterly · 2014-09-30SegmentTalent And Rewards153,294,000USD0001470215-15-000018
    FY 2014Yearly · 2014-06-30SegmentBenefits1,873,289,000USD0001470215-15-000012
    FY 2014Yearly · 2014-06-30SegmentExchange Solutions276,360,000USD0001470215-15-000012
    FY 2014Yearly · 2014-06-30SegmentRisk And Financial Services638,437,000USD0001470215-15-000012

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.