Tradeweb Markets Inc. (TW)
Tradeweb Markets Inc. (TW)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,937,301 | 2,084,739 | 1,907,922 | 1,630,121 |
| Restricted cash | 1,000 | 1,000 | 1,000 | 1,000 |
| Receivable from brokers and dealers and clearing organizations | 131,252 | 8,630 | 91,640 | 543,114 |
| Deposits with clearing organizations | 57,346 | 58,282 | 64,936 | 66,926 |
| Accounts receivable, net of allowance for credit losses of 366 and 587 at march31, 2026 and december31, 2025, respectively | 351,009 | 257,845 | 271,241 | 264,825 |
| Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization | 79,409 | 78,193 | 75,101 | 40,680 |
| Lease right-of-use assets | 124,426 | 123,065 | 121,821 | 29,643 |
| Software development costs, net of accumulated amortization | 264,114 | 270,295 | 278,009 | 283,193 |
| Goodwill | 3,150,112 | 3,150,112 | 3,150,112 | 3,150,112 |
| Intangible assets, net of accumulated amortization | 1,118,932 | 1,148,015 | 1,177,099 | 1,211,697 |
| Receivable and due from related parties | 3,228 | 8,303 | 547 | 736 |
| Deferred tax asset | 582,980 | 568,832 | 641,404 | 651,842 |
| Digital assets and other investments at fair value | 296,159 | 291,997 | NaN | NaN |
| Other assets | 198,481 | 140,249 | 215,116 | 182,166 |
| Total assets | 8,295,749 | 8,189,557 | 7,995,948 | 8,056,055 |
| Payable to brokers and dealers and clearing organizations | 130,651 | 3,363 | 79,662 | 542,738 |
| Accrued compensation | 110,899 | 251,169 | 211,000 | 158,387 |
| Deferred revenue | 54,242 | 29,030 | 36,266 | 40,614 |
| Accounts payable, accrued expenses and other liabilities | 151,629 | 183,970 | 187,357 | 146,775 |
| Lease liabilities | 142,826 | 139,168 | 135,633 | 32,322 |
| Payable and due to related parties | 9,106 | 7,090 | 15,598 | 14,685 |
| Deferred tax liability | 50,958 | 50,011 | 44,067 | 42,856 |
| Tax receivable agreement liability | 335,800 | 336,519 | 351,402 | 351,402 |
| Total liabilities | 986,111 | 1,000,320 | 1,060,985 | 1,329,779 |
| Common stock, value-Common Class A | 1 | 1 | 1 | 1 |
| Common stock, value-Common Class B | 1 | 1 | 1 | 1 |
| Common stock, value-Common Class C | 0 | 0 | 0 | 0 |
| Common stock, value-Common Class D | 0 | 0 | 0 | 0 |
| Additional paid-in capital | 4,886,485 | 4,895,810 | 4,865,172 | 4,842,990 |
| Accumulated other comprehensive income (loss) | 7,933 | 10,899 | 7,749 | 7,031 |
| Retained earnings | 1,725,834 | 1,601,044 | 1,407,775 | 1,247,748 |
| Total stockholders equity attributable to tradeweb markets inc | 6,620,254 | 6,507,755 | 6,280,698 | 6,097,771 |
| Non-controlling interests | 689,384 | 681,482 | 654,265 | 628,505 |
| Total equity | 7,309,638 | 7,189,237 | 6,934,963 | 6,726,276 |
| Total liabilities and equity | 8,295,749 | 8,189,557 | 7,995,948 | 8,056,055 |