Tradeweb Markets Inc. (TW) Free cash flow
- Free cash flow · 12 months (USD): Value $1.14B; Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value 51.88%; Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | $1.14B | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. $1.20B − $51.37M ≈ $1.14B |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | 51.88% | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. $1.14B ÷ $2.21B × 100 ≈ 51.88% |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $1.20B | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 1.33× | Operating cash flow / net income. Period ending 2026-06-30. $1.20B ÷ $897.23M ≈ 1.33× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 1.20B USD | Net Cash Provided by (Used in) Operating Activities |
| Capital spending | 51.37M USD | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | 1.14B USD | Net Cash Provided by (Used in) Operating Activities · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 2.21B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | 897.23M USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $1.14B | (m) | $1.20B | $51.37M | (m) | $2.21B | (m) | $897.23M | (m) | (m) | 51.88% | 1.33× |
| 2026-03-31 | $1.16B | (m) | $1.21B | $48.50M | (m) | $2.16B | (m) | $869.69M | (m) | (m) | 53.82% | 1.39× |
| 2025-12-31 | $1.13B | (m) | $1.17B | $40.55M | (m) | $2.05B | (m) | $812.79M | (m) | (m) | 54.92% | 1.44× |
| 2025-09-30 | $1.05B | (m) | $1.09B | $46.37M | (m) | $1.99B | (m) | $630.01M | (m) | (m) | 52.51% | 1.74× |
| 2025-06-30 | $1.01B | (m) | $1.04B | $36.65M | (m) | $1.93B | (m) | $558.29M | (m) | (m) | 52.04% | 1.87× |
| 2025-03-31 | $884.02M | (m) | $920.03M | $36.02M | (m) | $1.83B | (m) | $523.75M | (m) | (m) | 48.39% | 1.76× |
| 2024-12-31 | $856.78M | (m) | $897.74M | $40.96M | (m) | $1.73B | (m) | $501.51M | (m) | (m) | 49.64% | 1.79× |
| 2024-09-30 | $843.69M | (m) | $860.48M | $16.79M | (m) | $1.63B | (m) | $448.61M | (m) | (m) | 51.68% | 1.92× |
| 2024-06-30 | $766.95M | (m) | $785.73M | $18.78M | (m) | $1.51B | (m) | $433.31M | (m) | (m) | 50.72% | 1.81× |
| 2024-03-31 | $694.92M | (m) | $713.16M | $18.24M | (m) | $1.42B | (m) | $403.15M | (m) | (m) | 49.02% | 1.77× |
| 2023-12-31 | $727.56M | (m) | $746.09M | $18.53M | (m) | $1.34B | (m) | $364.87M | (m) | (m) | 54.37% | 2.04× |
| 2023-09-30 | $686.61M | (m) | $709.33M | $22.72M | (m) | $1.26B | (m) | $364.50M | (m) | (m) | 54.44% | 1.95× |
| 2023-06-30 | $673.89M | (m) | $693.45M | $19.56M | (m) | $1.22B | (m) | $334.97M | (m) | (m) | 55.24% | 2.07× |
| 2023-03-31 | $637.39M | (m) | $658.42M | $21.03M | (m) | $1.21B | (m) | $314.23M | (m) | (m) | 52.83% | 2.10× |
| 2022-12-31 | $609.61M | (m) | $632.82M | $23.21M | (m) | $1.19B | (m) | $309.34M | (m) | (m) | 51.28% | 2.05× |
| 2022-09-30 | $591.35M | (m) | $616.47M | $25.12M | (m) | $1.17B | (m) | $269.28M | (m) | (m) | 50.43% | 2.29× |
| 2022-06-30 | $574.17M | (m) | $597.33M | $23.16M | (m) | $1.15B | (m) | $254.96M | (m) | (m) | 49.89% | 2.34× |
| 2022-03-31 | $546.11M | (m) | $567.69M | $21.58M | (m) | $1.11B | (m) | $241.93M | (m) | (m) | 49.00% | 2.35× |
| 2021-12-31 | $561.14M | (m) | $578.02M | $16.88M | (m) | $1.08B | (m) | $226.83M | (m) | (m) | 52.13% | 2.55× |
| 2021-09-30 | $511.35M | (m) | $526.07M | $14.72M | (m) | $1.03B | (m) | $233.00M | (m) | (m) | 49.52% | 2.26× |
| 2021-06-30 | $467.04M | (m) | $482.69M | $15.65M | (m) | $980.18M | (m) | $215.05M | (m) | (m) | 47.65% | 2.24× |
| 2021-03-31 | $506.01M | (m) | $520.56M | $14.55M | (m) | $931.45M | (m) | $190.23M | (m) | (m) | 54.33% | 2.74× |
| 2020-12-31 | $431.74M | (m) | $443.23M | $11.49M | (m) | $892.66M | (m) | $166.30M | (m) | (m) | 48.37% | 2.67× |
| 2020-09-30 | $410.37M | (m) | $424.07M | $13.70M | (m) | $856.89M | (m) | $152.56M | (m) | (m) | 47.89% | 2.78× |
| 2020-06-30 | $382.21M | (m) | $398.58M | $16.37M | (m) | $845.00M | (m) | $145.37M | (m) | (m) | 45.23% | 2.74× |
| 2020-03-31 | $294.76M | (m) | $310.32M | $15.56M | (m) | $823.38M | (m) | $127.70M | (m) | (m) | 35.80% | 2.43× |
| 2019-12-31 | $295.22M | (m) | $311.00M | $15.78M | (m) | $775.57M | (m) | $83.77M | (m) | (m) | 38.07% | 3.71× |
| 2019-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | $211.12M | (m) | $224.58M | $13.46M | (m) | $562.97M | (m) | (m) | (m) | (m) | 37.50% | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.