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TW Q2 2025 Earnings — Tradeweb Markets Inc. Revenue & Financial Results | Market Cap Arena
TW
Tradeweb Markets Inc.
$27B
Q2 2025 Earnings
Financial Services
Financial - Capital Markets
Income Statement
Revenue
$513M
+26.7% YoY
Gross Profit
$343M
66.9% margin
Operating Income
$200M
39.0% margin
Net Income
$154M
30.0% margin
EPS (Diluted)
$0.71
QoQ Revenue Growth
+0.6%
Cash Flow
Operating Cash Flow
$409M
Free Cash Flow
$404M
Stock-Based Comp.
$27M
Balance Sheet
Total Assets
$8.1B
Total Liabilities
$1.3B
Stockholders' Equity
$6.1B
Cash & Equivalents
$1.6B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$513M
$405M
+26.7%
Gross Profit
$343M
$268M
+28.2%
Operating Income
$200M
$162M
+23.0%
Net Income
$154M
$119M
+29.0%
Revenue Segments
Transaction Fee Revenue
$430M
84%
Subscription Fee Revenue
$57M
11%
Market Data Revenue
$21M
4%
Financial Service, Other
$5M
1%
Geographic Segments
UNITED STATES
$298M
58%
Non-US
$215M
42%
← FY 2025
All Quarters
Q3 2025 →