TW - Tradeweb Markets Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$135.50
DETAILS
HIGH:
$178.00
LOW:
$102.00
MEDIAN:
$136.00
CONSENSUS:
$135.50
UPSIDE:
26.59%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||
| Revenue | 558.9 | 617.8 | 521.2 | 508.6 | 513.0 | 509.7 | 463.3 | 448.9 | 405.0 | 408.7 | 370 | 328.4 | 310.6 | 329.2 | 293.0 | 287.1 | 297.1 | 311.5 | 276.9 | 265.3 | 260.8 | 273.4 | 233.1 | 212.9 | 212.1 | 234.6 | 197.3 | 201.0 | 190.5 | 186.8 | 178.6 | 167.8 | 151.7 | 159.4 | 143.4 |
| Cost of Revenue | 180.8 | 197.8 | 159.3 | 165.0 | 169.7 | 176.9 | 152.2 | 160.2 | 137.2 | 143.1 | 125.9 | 116.0 | 103.9 | 114.5 | 101.8 | 102.7 | 109.9 | 118.0 | 107.2 | 98.0 | 98.4 | 103.6 | 86.3 | 84.0 | 88.9 | 90.5 | 76.5 | 79.6 | 96.0 | 77.3 | 80.4 | 69.1 | 68.4 | 71.6 | 0 |
| Gross Profit | 378.1 | 420.0 | 361.9 | 343.6 | 343.3 | 332.8 | 311.1 | 288.8 | 267.7 | 265.7 | 244.1 | 212.3 | 206.7 | 214.8 | 191.2 | 184.4 | 187.2 | 193.5 | 169.7 | 167.3 | 162.4 | 169.8 | 146.8 | 128.9 | 123.2 | 144.1 | 120.8 | 121.3 | 94.5 | 109.5 | 98.2 | 98.7 | 83.3 | 87.9 | 143.4 |
| Operating Expenses | |||||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 22.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.5 |
| SG&A Expenses | 71.4 | 72.0 | 80.8 | 68.9 | 80.4 | 66 | 59.7 | 191.0 | 55.3 | 48.6 | 55.0 | 41.0 | 44.5 | 46.8 | 54.8 | 36.8 | 35.9 | 37.4 | 34.9 | 36.9 | 36.7 | 30.5 | 35.4 | 31.5 | 29.7 | 29.3 | 30.0 | 27.9 | 29.2 | 29.7 | 33.2 | 29.5 | 27.0 | 24.2 | 81.0 |
| Other Expenses | 61.5 | 60.7 | 50.3 | 64.4 | 40.4 | 62.7 | 62.9 | (61.6) | 49.9 | 49.3 | 47.5 | 46.6 | 45.9 | 45.4 | 44.9 | 44.8 | 44.8 | 44.5 | 43.7 | 44.8 | 41.9 | 41.0 | 39.8 | 38.9 | 37.9 | 37.2 | 36.4 | 35.1 | 34.3 | 33.5 | 33.0 | 16.4 | 16.2 | 16.3 | 0 |
| Operating Expenses | 132.8 | 132.7 | 131.1 | 133.2 | 143.4 | 128.7 | 122.6 | 129.4 | 105.2 | 98.0 | 102.5 | 87.6 | 90.4 | 92.2 | 99.7 | 81.6 | 80.6 | 81.9 | 78.5 | 81.8 | 78.6 | 71.5 | 75.2 | 70.4 | 67.6 | 66.5 | 66.4 | 63.1 | 63.5 | 63.2 | 66.3 | 45.9 | 43.1 | 40.5 | 133.6 |
| Operating Income | |||||||||||||||||||||||||||||||||||
| Operating Income | 245.3 | 287.3 | 230.8 | 210.4 | 199.9 | 204.1 | 188.5 | 159.3 | 162.5 | 167.7 | 141.6 | 124.7 | 116.3 | 122.6 | 91.6 | 102.8 | 106.6 | 111.6 | 91.2 | 85.5 | 83.8 | 98.3 | 71.6 | 58.5 | 55.6 | 77.6 | 54.3 | 58.3 | 31.0 | 46.3 | 31.9 | 52.8 | 40.2 | 47.4 | 38.8 |
| Interest Expense | (0.5) | 0.6 | 0.4 | 0.5 | 0.4 | 0.6 | 0.6 | 1.4 | 0.5 | 1.7 | 0 | 0.5 | 0.5 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 18.2 | 17.5 | 19.2 | 20.3 | 15.0 | 13.8 | 14.8 | 16.7 | 21.5 | 21.1 | 0 | 17.9 | 15.6 | 12.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0.7 | 0.6 | 0.2 | 0.9 | 0.8 | 0.7 | 0.6 | 0.5 | 0.3 |
| Profitability | |||||||||||||||||||||||||||||||||||
| EBITDA | 299.5 | 364.3 | 517.2 | 334.5 | 290.5 | 284.9 | 273.7 | 233.0 | 233.9 | 238.1 | 179.6 | 187.3 | 177.3 | 181.3 | 150.1 | 147.6 | 151.4 | 156.1 | 147.6 | 130.4 | 125.7 | 139.3 | 122.8 | 97.4 | 93.6 | 114.8 | 123.9 | 93.4 | 65.2 | 79.8 | 65.0 | 69.2 | 56.3 | 63.6 | 19.5 |
| EBIT | 238.0 | 303.5 | 457.1 | 270.1 | 227.5 | 222.2 | 210.8 | 175.1 | 184.0 | 188.7 | 132.1 | 140.8 | 131.5 | 135.8 | 105.2 | 102.8 | 106.6 | 111.6 | 103.9 | 85.5 | 83.8 | 98.3 | 83.0 | 58.5 | 55.6 | 77.6 | 87.5 | 58.3 | 31.0 | 46.3 | 31.9 | 52.8 | 40.2 | 47.4 | 10.1 |
| Income Before Tax | 270.2 | 302.9 | 456.7 | 269.6 | 227.1 | 221.6 | 210.2 | 173.7 | 183.5 | 187.0 | 141.3 | 140.3 | 131.0 | 135.4 | 112.6 | 106.2 | 107.1 | 111.2 | 103.5 | 85.2 | 83.5 | 97.8 | 82.6 | 58.2 | 55.4 | 78.3 | 88.2 | 58.9 | 31.1 | 47.1 | 32.7 | 53.5 | 40.7 | 47.8 | 10.1 |
| Income Tax Expense | 63.5 | 69.8 | 89.6 | 59.1 | 51.5 | 53.3 | 50.3 | 43.5 | 47.0 | 43.6 | 37.6 | 28.7 | 29.0 | 33.2 | 13.6 | 24.7 | 25.5 | 13.7 | 43.5 | 19.9 | 17.2 | 16.3 | 16.2 | 11.1 | 12.9 | 15.8 | 30.9 | 10.3 | 6.3 | 4.8 | 3.4 | 7.5 | 1.8 | 2.5 | 3.0 |
| Net Income | 181.3 | 205.3 | 325.0 | 185.6 | 153.8 | 148.4 | 142.2 | 113.9 | 119.2 | 126.1 | 89.3 | 98.6 | 89.1 | 87.9 | 88.9 | 69.1 | 68.3 | 83.0 | 48.9 | 54.8 | 55.3 | 67.9 | 55.1 | 36.8 | 30.5 | 43.9 | 41.3 | 29.6 | 12.8 | 42.4 | 29.3 | 46.0 | 38.9 | 45.3 | 7.1 |
| Per Share Data | |||||||||||||||||||||||||||||||||||
| EPS (Basic) | 0.85 | 0.96 | 1.52 | 0.87 | 0.72 | 0.70 | 0.67 | 0.53 | 0.56 | 0.59 | 0.42 | 0.47 | 0.42 | 0.42 | 0.43 | 0.34 | 0.33 | 0.41 | 0.24 | 0.27 | 0.27 | 0.34 | 0.29 | 0.20 | 0.17 | 0.26 | 0.26 | 0.21 | 0.09 | 0.34 | 0.24 | 0.20 | 0.17 | 0.20 | 0.05 |
| EPS (Diluted) | 0.85 | 0.96 | 1.51 | 0.86 | 0.71 | 0.69 | 0.66 | 0.53 | 0.55 | 0.59 | 0.42 | 0.46 | 0.42 | 0.42 | 0.42 | 0.33 | 0.33 | 0.40 | 0.23 | 0.26 | 0.27 | 0.33 | 0.28 | 0.19 | 0.16 | 0.25 | 0.25 | 0.20 | 0.09 | 0.34 | 0.24 | 0.20 | 0.17 | 0.20 | 0.05 |
| Shares Outstanding | 212.5 | 212.7 | 213.1 | 213.4 | 213.3 | 213.1 | 213.0 | 213.2 | 213.2 | 212.7 | 211.8 | 211.6 | 211.6 | 208.1 | 208.0 | 205.7 | 204.5 | 204.1 | 202.6 | 202.2 | 201.7 | 199.1 | 189.8 | 187.8 | 177.6 | 166.2 | 158.0 | 142.9 | 142.9 | 136.9 | 123.4 | 227.3 | 227.3 | 227.3 | 153.7 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2017 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 2,057.9 | 1,937.3 | 2,085.7 | 1,907.9 | 1,631.1 | 1,307.5 | 1,341.3 | 1,174.7 | 1,719.2 | 1,545.9 | 1,707.5 | 1,494.4 | 1,397.4 | 1,233.7 | 1,258.2 | 1,111.2 | 960.7 | 829.1 | 973.0 | 822.9 | 682.2 | 810.9 | 792.3 | 678.4 | 560.9 | 425.4 | 461.7 | 391.1 | 314.8 | 362.8 | 411.3 | 0 | 353.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 309.4 | 485.5 | 257.8 | 362.9 | 807.9 | 407.3 | 290.1 | 546.5 | 665.1 | 868.7 | 549.6 | 172.0 | 291.2 | 185.5 | 154.3 | 151.1 | 157.1 | 256.1 | 129.9 | 167.3 | 179.3 | 169.9 | 105.7 | 155.1 | 168.3 | 229.4 | 123.5 | 843.1 | 348.1 | 182.7 | 261.8 | 0 | 74.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 1 | (1) | (156.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.4 | 23.9 | 34.2 | 23.9 | 25.2 | 26.0 | 35.5 | 20.5 | 24.4 | 21.8 | 10.8 | 11.7 | 10.2 | 11.0 | 11.3 | 9.7 | 12.1 | 13.4 | 8.9 | 11.4 | 0 | 9.9 |
| Total Current Assets | 2,367.3 | 2,481.1 | 2,342.6 | 2,179.2 | 2,506.0 | 1,816.8 | 1,686.1 | 1,786.5 | 2,447.0 | 2,529.2 | 2,293.9 | 1,692.8 | 1,712.6 | 1,453.3 | 1,436.4 | 1,287.5 | 1,143.8 | 1,120.6 | 1,123.5 | 1,014.6 | 883.4 | 991.6 | 909.6 | 843.6 | 740.2 | 666.0 | 594.9 | 1,246.3 | 676.3 | 554.4 | 684.5 | 0 | 437.7 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 129.7 | 203.8 | 201.3 | 121.8 | 70.3 | 73.7 | 79.5 | 58.8 | 58.1 | 55.5 | 58.8 | 55.6 | 56.2 | 59.5 | 62.3 | 59.0 | 62.2 | 64.0 | 51.6 | 51.0 | 57.7 | 59.8 | 63.3 | 61.5 | 60.7 | 64.3 | 64.9 | 65.9 | 65.9 | 69.4 | 38.1 | 23.9 | 27.0 |
| Goodwill | 3,150.1 | 3,150.1 | 3,150.1 | 3,150.1 | 3,150.1 | 3,150.1 | 3,150.1 | 3,150.0 | 2,857.7 | 2,857.7 | 2,815.5 | 2,815.3 | 2,780.3 | 2,780.3 | 2,780.3 | 2,780.3 | 2,780.3 | 2,780.3 | 2,780.3 | 2,782.8 | 2,782.8 | 2,694.8 | 2,694.8 | 2,694.8 | 2,694.8 | 2,694.8 | 2,694.8 | 2,694.8 | 2,694.8 | 2,694.8 | 2,694.8 | 563.4 | 563.4 |
| Intangible Assets | 1,089.8 | 1,383.0 | 1,148.0 | 1,177.1 | 1,494.9 | 1,534.7 | 1,577.6 | 1,620.6 | 1,155.5 | 1,187.8 | 1,136.1 | 1,166.6 | 1,155.0 | 1,184.5 | 1,214.7 | 1,244.3 | 1,274.9 | 1,305.5 | 1,336.2 | 1,365.1 | 1,395.3 | 1,322.8 | 1,350.1 | 1,376.8 | 1,402.9 | 1,428.7 | 1,454.5 | 1,479.4 | 1,503.8 | 1,527.7 | 1,551.4 | 243.4 | 263.4 |
| Long-Term Investments | 291.6 | 296.2 | 292.0 | 47.5 | 33.1 | 18.9 | 25.9 | 10.6 | 13.5 | 11.9 | 9.1 | 23.2 | 24.4 | 3.9 | 20.0 | 8.9 | 5.8 | 2.4 | 3.3 | 2.8 | 2.8 | 2.5 | 0.1 | 0.0 | 1.5 | 1.5 | 2.5 | 3.5 | 2.8 | 3.0 | 3.2 | 0 | 0.4 |
| Other Non-Current Assets | 0 | 198.5 | (78.2) | (47.5) | 149.8 | 115.1 | 89.6 | 75.6 | 68.5 | 60.5 | 61.9 | 57.9 | 53.0 | 79.2 | 57.0 | 79.9 | 84.0 | 77.3 | 76.4 | 78.5 | 83.7 | 75.2 | 82.5 | 44.6 | 38.3 | 37.4 | 27.2 | 29.6 | 30.3 | 32.2 | 25.0 | 0 | 18.1 |
| Total Non-Current Assets | 5,231.4 | 5,814.6 | 5,282.0 | 5,090.4 | 5,550.1 | 5,553.2 | 5,581.9 | 5,550.2 | 4,837.5 | 4,866.8 | 4,765.7 | 4,811.7 | 4,777.9 | 4,786.7 | 4,823.7 | 4,849.1 | 4,845.8 | 4,880.5 | 4,866.7 | 4,921.9 | 4,981.5 | 4,817.4 | 4,770.2 | 4,693.7 | 4,723.7 | 4,518.7 | 4,500.4 | 4,376.4 | 4,396.1 | 4,327.2 | 4,312.6 | 0 | 879.2 |
| Total Assets | 8,250.8 | 8,295.7 | 8,189.6 | 7,995.9 | 8,056.1 | 7,370.0 | 7,268.0 | 7,336.7 | 7,284.5 | 7,395.9 | 7,059.5 | 6,504.6 | 6,490.5 | 6,240.1 | 6,260.1 | 6,136.6 | 5,989.5 | 6,001.1 | 5,990.2 | 5,936.5 | 5,864.9 | 5,808.9 | 5,679.9 | 5,537.4 | 5,463.9 | 5,184.7 | 5,095.3 | 5,622.7 | 5,072.3 | 4,881.6 | 4,997.1 | 1,323.8 | 1,316.9 |
| Current Liabilities | |||||||||||||||||||||||||||||||||
| Account Payables | 182.9 | 282.3 | 187.3 | 267.0 | 689.5 | 226.9 | 163.1 | 386.0 | 501.9 | 733.9 | 409.4 | 51.6 | 168.9 | 67.6 | 63.8 | 38.2 | 41.4 | 118.0 | 38.8 | 72.5 | 77.8 | 69.4 | 42.9 | 93.6 | 106.0 | 101.3 | 63.3 | 757.7 | 289.7 | 114.5 | 213.8 | 0 | 31.7 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.6 | 0 | 0 | 0 | 0 | 0 | 0 | 20.5 | 0 | 0 | 0 | 0 | 11.6 | 0 | 0 | 0 | 8.5 | 27.9 | 5.6 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 38.4 | 54.2 | 29.0 | 36.3 | 40.6 | 47.0 | 30.8 | 29.6 | 28.2 | 27.5 | 25.7 | 31.4 | 27.4 | 30.6 | 22.8 | 28.6 | 23.9 | 27.7 | 24.9 | 29.8 | 28.1 | 27.2 | 23.2 | 29.9 | 27.4 | 26.3 | 24.0 | 28.6 | 25.3 | 28.5 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 7.1 | 15.6 | 14.7 | 0.6 | 0.8 | 1.6 | 0 | 0.3 | 1.3 | 0.5 | 1.7 | 9.9 | 1.4 | 4.8 | 3.4 | 4.6 | 4.9 | 3.4 | 3.0 | 1.8 | 5.1 | 5.0 | 3.2 | 2.3 | 1.5 | 3.7 | 6.0 | 7.8 | 5.0 | 0 | 135.0 |
| Total Current Liabilities | 391.2 | 681.4 | 474.6 | 529.9 | 903.2 | 378.0 | 417.6 | 596.3 | 649.3 | 843.5 | 622.4 | 204.8 | 283.0 | 173.1 | 238.9 | 195.1 | 159.4 | 245.7 | 223.4 | 218.7 | 194.5 | 168.6 | 214.1 | 231.4 | 210.1 | 188.9 | 217.8 | 913.2 | 395.9 | 205.1 | 391.0 | 0 | 317.1 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||
| Long-Term Debt | 0 | 0 | 139.2 | 135.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 53.7 | 51.0 | 50.0 | 44.1 | 42.9 | 42.7 | 42.9 | 43.0 | 18.8 | 19.7 | 20.8 | 18.0 | 18.9 | 20.2 | 21.3 | 19.9 | 20.3 | 20.7 | 21.0 | 17.6 | 18.1 | 18.8 | 19.4 | 20.6 | 21.4 | 21.6 | 21.6 | 20.6 | 21.3 | 19.6 | 19.6 | 0 | 0 |
| Other Non-Current Liabilities | 317.5 | 110.9 | 197.4 | 215.8 | 351.4 | 369.8 | 372.8 | 382.4 | 380.9 | 432.0 | 457.5 | 448.0 | 448.0 | 420.1 | 425.7 | 439.3 | 409.2 | 409.1 | 412.4 | 425.1 | 425.1 | 425.1 | 404.3 | 373.0 | 373.0 | 252.0 | 240.8 | 171.4 | 171.4 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 521.5 | 304.7 | 525.7 | 531.1 | 426.6 | 444.8 | 451.5 | 454.0 | 427.8 | 476.4 | 505.8 | 488.0 | 490.2 | 466.1 | 474.9 | 487.9 | 459.3 | 461.7 | 457.8 | 469.5 | 472.1 | 475.2 | 446.6 | 426.8 | 424.7 | 307.0 | 284.8 | 222.2 | 221.6 | 55.2 | 19.6 | 0 | 0 |
| Total Liabilities | 912.7 | 986.1 | 1,000.3 | 1,061.0 | 1,329.8 | 822.8 | 869.1 | 1,050.3 | 1,077.1 | 1,319.9 | 1,128.1 | 692.8 | 773.1 | 639.2 | 713.8 | 683.0 | 618.8 | 707.4 | 681.2 | 688.2 | 666.6 | 643.8 | 660.7 | 658.1 | 634.7 | 495.9 | 502.6 | 1,135.4 | 617.5 | 260.3 | 410.6 | 0 | 317.1 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4,597.9 | 4,573.2 | 1,141.5 | 999.7 |
| Retained Earnings | 1,687.1 | 1,725.8 | 1,601.0 | 1,407.8 | 1,247.7 | 1,119.6 | 996.8 | 910.8 | 843.2 | 745.2 | 640.4 | 570.1 | 495.5 | 433.0 | 386.6 | 348.3 | 304.9 | 261.9 | 242.6 | 221.9 | 195.4 | 207.9 | 156.0 | 116.2 | 94.4 | 78.4 | 47.8 | 19.6 | 1.4 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 15.9 | 7.9 | 10.9 | 7.7 | 7.0 | (1.8) | (10.0) | 1.1 | (7.9) | (7.5) | (5.4) | (10.8) | (6.8) | (7.8) | (10.1) | (21.6) | (10.4) | (2.0) | 1.6 | 2.3 | 4.7 | 4.1 | 4.3 | 0.1 | (2.7) | (2.2) | 1.4 | (1.9) | (0.5) | 0.1 | (0.9) | (16.3) | (13.3) |
| Total Stockholders' Equity | 6,634.5 | 6,620.3 | 6,507.8 | 6,280.7 | 6,097.8 | 5,938.9 | 5,800.2 | 5,700.6 | 5,630.8 | 5,508.8 | 5,373.8 | 5,265.8 | 5,182.5 | 5,002.9 | 4,953.8 | 4,868.9 | 4,714.9 | 4,648.6 | 4,645.6 | 4,590.3 | 4,548.0 | 4,519.0 | 4,303.5 | 4,056.9 | 4,014.2 | 3,502.8 | 3,378.6 | 2,873.6 | 2,847.6 | 4,598.0 | 4,572.3 | 1,125.2 | 986.5 |
| Total Liabilities & Equity | 8,250.8 | 8,295.7 | 8,189.6 | 7,995.9 | 8,056.1 | 7,370.0 | 7,268.0 | 7,336.7 | 7,284.5 | 7,395.9 | 7,059.5 | 6,504.6 | 6,490.5 | 6,240.1 | 6,260.1 | 6,136.6 | 5,989.5 | 6,001.1 | 5,990.2 | 5,936.5 | 5,864.9 | 5,808.9 | 5,679.9 | 5,537.4 | 5,463.9 | 5,184.7 | 5,095.3 | 5,622.7 | 5,072.3 | 4,881.6 | 4,997.1 | 1,247.1 | 1,112.8 |
| Debt Metrics | |||||||||||||||||||||||||||||||||
| Total Debt | 150.3 | 142.8 | 278.3 | 271.3 | 32.3 | 32.3 | 35.7 | 28.6 | 28.1 | 24.7 | 49.1 | 22.0 | 23.3 | 25.8 | 27.9 | 28.7 | 29.9 | 52.4 | 24.3 | 26.8 | 28.8 | 31.2 | 34.5 | 33.2 | 30.3 | 33.4 | 31.0 | 58.1 | 34.5 | 35.6 | 0 | 0 | 0 |
| Net Debt | (1,907.6) | (1,794.5) | (1,807.4) | (1,637.7) | (1,598.8) | (1,275.2) | (1,305.6) | (1,146.1) | (1,691.1) | (1,521.2) | (1,658.4) | (1,472.4) | (1,374.1) | (1,207.9) | (1,230.3) | (1,082.6) | (930.8) | (776.6) | (948.7) | (796.1) | (653.5) | (779.7) | (757.8) | (645.1) | (530.6) | (392.0) | (430.8) | (333.1) | (280.3) | (327.2) | (411.3) | 0 | (353.8) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 234.6 | 205.3 | 324.7 | 210.5 | 175.5 | 168.3 | 159.9 | 130.2 | 136.4 | 126.0 | 103.7 | 111.6 | 101.9 | 102.2 | 99.0 | 81.6 | 68.3 | 83.0 | 60.0 | 65.3 | 55.3 | 67.9 | 55.1 | 36.8 | 30.5 | 43.9 | 41.3 | 48.6 | 24.8 | 42.4 | 29.3 | 46.0 | 38.9 | 45.3 | 7.1 |
| Depreciation & Amortization | 61.5 | 60.7 | 60.1 | 64.4 | 63.0 | 62.7 | 62.9 | 57.9 | 49.9 | 49.3 | 47.5 | 46.6 | 45.9 | 45.4 | 44.9 | 44.8 | 44.8 | 44.5 | 43.7 | 44.8 | 41.9 | 41.0 | 39.8 | 38.9 | 37.9 | 37.2 | 36.4 | 35.1 | 34.3 | 33.5 | 33.0 | 16.4 | 16.2 | 16.3 | 9.5 |
| Stock-Based Compensation | 29.8 | 25.1 | 0 | 26.1 | 26.9 | 22.2 | 23.4 | 26.2 | 23.7 | 16.4 | 20.5 | 17.3 | 15.7 | 11.6 | 17.2 | 14.8 | 0 | 0 | 15 | 13.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.1 | 27.3 | 4.7 | 9.4 | 4.8 | 5.2 | 5.9 | (17.6) |
| Change in Working Capital | 176.4 | (234.0) | 59.5 | 71.8 | 151.2 | (198.4) | 41.4 | 63.7 | 66.7 | (179.3) | 32.6 | 19.1 | 24.1 | (112.2) | 55.8 | 41.9 | 32.3 | (142.5) | 47.4 | 40.1 | 15.2 | (93.7) | 3.2 | 30.8 | 80.7 | (136.6) | 52.2 | 26.1 | 15.2 | (101.6) | 49.3 | 44.6 | 3.9 | (86.3) | 67.7 |
| Other Non-Cash Items | (182.8) | 25.4 | (157.1) | (39.4) | 5.0 | (21.9) | 1.1 | 0.9 | 0 | 17.3 | 11.1 | 1.9 | 0.5 | (0.3) | 1 | 0 | 34.2 | 28.2 | 0 | 0 | 23.3 | 24.5 | 11.2 | 20.0 | 22.3 | 26.5 | (8.5) | 28.9 | 6.0 | (4.6) | 21.2 | (8.3) | 19.3 | 10.1 | 16.6 |
| Operating Cash Flow | 336.5 | 103.8 | 355.9 | 342.3 | 409.2 | 60.2 | 282.0 | 292.1 | 285.7 | 37.9 | 244.8 | 217.4 | 213.1 | 70.8 | 208 | 201.5 | 198.6 | 24.7 | 191.7 | 182.4 | 148.4 | 55.6 | 139.7 | 139.0 | 186.3 | (21.8) | 145.5 | 113.5 | 98.1 | (21.1) | 112.6 | 99.8 | 79.3 | (14.2) | 83.3 |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditure | (8.3) | (9.6) | (34.8) | (31.4) | (5.5) | (1.6) | (38.0) | (17.0) | (16.6) | (17.3) | (12.2) | (17.9) | (15.0) | (16.7) | (14.7) | (12.3) | (5.8) | (9.1) | (15.8) | (10.0) | (4.2) | (12.6) | (5.0) | (2.1) | (3.1) | (1.3) | (7.2) | (12.1) | (9.4) | (8.3) | (16.2) | (10.0) | (8.4) | (7.4) | (3.4) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | (771.2) | 0 | (89.2) | (0.1) | (69.6) | 0 | 0 | 0 | 0 | 0 | 0 | 1.1 | 0 | (208.9) | 0 | 0 | 0 | (626.3) | 0 | 351.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 50.2 | (50.2) | 0 | (18.4) | (20) | 0 | (8.6) | 0 | (11.1) | (0.5) | (1.1) | 1.1 | (2.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (20) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (69.6) | 69.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (75.8) | (17.5) | (15.4) | (2.4) | (16.6) | (13.2) | (12.7) | (12.7) | (11.8) | (10.7) | 70.7 | (69.6) | (10.7) | (9.8) | (9.4) | (9.2) | 0 | 0 | (8.7) | (8.8) | (8.7) | (8.3) | 0 | 0 | 0 | 0 | 0 | (7.3) | (7.1) | (6.8) | (7.2) | (6.8) | (6.6) | (6.2) | (7.1) |
| Investing Cash Flow | (33.9) | (77.3) | (34.8) | (34.9) | (42.1) | (14.8) | (46.3) | (788.2) | (27.7) | (107.0) | (12.3) | (86.4) | (17.3) | (16.7) | (14.7) | (12.3) | (15.0) | (18.0) | (14.7) | (10.0) | (221.7) | (12.6) | (33.2) | (10.2) | (637.1) | (8.4) | 336.6 | (12.1) | (9.4) | (8.3) | (16.2) | (10.0) | (8.4) | (7.4) | (10.5) |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (20.5) | 20.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (24.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 53.3 | (53.3) | (103.3) | (1.2) | (1.6) | (0.8) | (34.7) | (24.4) | 0 | 0 | (2.3) | (2.8) | (9.2) | (20.8) | (34) | (9) | (9) | (47.3) | (12) | (12.6) | (51.1) | 0 | 0 | 0 | 0 | 0 | (1,161.3) | 0 | (1,281.3) | 0 | (36) | (59.4) | (55) | (25) | (37) |
| Dividends Paid | (29.7) | (29.8) | (25.6) | (25.6) | (25.6) | (25.6) | (21.3) | (21.3) | (21.3) | (21.3) | (19.1) | (19.0) | (19.0) | (18.7) | (16.6) | (16.7) | (16.4) | (16.4) | (16.2) | (16.2) | (16.1) | (16.0) | (15.2) | (15.0) | (14.5) | (13.4) | (13.1) | (11.4) | (111.4) | (20) | (36) | (59.4) | (55) | (25) | 0 |
| Other Financing Activities | (209.4) | (92.0) | (16.4) | (1.6) | (23.5) | (56.6) | (4.4) | (9.3) | (64.8) | (72.3) | (2.6) | (9.4) | (4.5) | (40.9) | (4.2) | (3.1) | (6.6) | (105.1) | 2.6 | (1.2) | (9.9) | (54.8) | (12.6) | (5.0) | (51.3) | (24.0) | (23.6) | (11.8) | (24.2) | (20) | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (188.8) | (172.1) | (145.3) | (28.5) | (50.7) | (83.0) | (60.3) | (55.0) | (84.1) | (90.8) | (24.0) | (30.9) | (32.8) | (80.5) | (54.8) | (28.7) | (45.6) | (147.6) | (25.7) | (29.9) | (56.1) | (24.4) | 3.4 | (13.9) | 586.4 | (2.3) | (415.5) | (23.2) | (135.7) | (20) | (36) | (59.4) | (55) | (25) | (37) |
| Cash Position | |||||||||||||||||||||||||||||||||||
| Net Change in Cash | 113.4 | (147.4) | 176.8 | 277.8 | 323.7 | (33.8) | 166.6 | (544.5) | 173.3 | (161.6) | 213.1 | 97.0 | 163.7 | (24.6) | 147.0 | 150.5 | 131.7 | (144.0) | 150.1 | 140.7 | (128.7) | 18.7 | 113.9 | 117.5 | 135.5 | (36.4) | 70.6 | 76.3 | (48.0) | (48.5) | 59.9 | 29.6 | 12.8 | (44.9) | 36.1 |
| Cash at Beginning | 1,938.3 | 2,085.7 | 1,908.9 | 1,631.1 | 1,307.5 | 1,341.3 | 1,174.7 | 1,719.2 | 1,545.9 | 1,707.5 | 1,494.4 | 1,397.4 | 1,233.7 | 1,258.2 | 1,111.2 | 960.7 | 829.1 | 973.0 | 822.9 | 682.2 | 810.9 | 792.3 | 678.4 | 560.9 | 425.4 | 461.7 | 391.1 | 314.8 | 362.8 | 411.3 | 351.4 | 321.7 | 308.9 | 353.8 | 317.6 |
| Cash at End | 2,051.7 | 1,938.3 | 2,085.7 | 1,908.9 | 1,631.1 | 1,307.5 | 1,341.3 | 1,174.7 | 1,719.2 | 1,545.9 | 1,707.5 | 1,494.4 | 1,397.4 | 1,233.7 | 1,258.2 | 1,111.2 | 960.7 | 829.1 | 973.0 | 822.9 | 682.2 | 810.9 | 792.3 | 678.4 | 560.9 | 425.4 | 461.7 | 391.1 | 314.8 | 362.8 | 411.3 | 351.4 | 321.7 | 308.9 | 353.8 |
| Free Cash Flow | 328.2 | 94.2 | 321.1 | 310.9 | 403.7 | 58.6 | 244.1 | 275.1 | 269.0 | 20.6 | 232.6 | 199.5 | 198.1 | 54.1 | 193.3 | 189.2 | 192.8 | 15.7 | 175.8 | 172.3 | 144.2 | 42.9 | 134.7 | 136.9 | 183.2 | (23.1) | 138.3 | 101.4 | 88.6 | (29.4) | 96.3 | 89.8 | 70.8 | (21.7) | 79.9 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||||
| Revenue | 558.9 | 617.8 | 521.2 | 508.6 | 513.0 | 509.7 | 463.3 | 448.9 | 405.0 | 408.7 | 370 | 328.4 | 310.6 | 329.2 | 293.0 | 287.1 | 297.1 | 311.5 | 276.9 | 265.3 | 260.8 | 273.4 | 233.1 | 212.9 | 212.1 | 234.6 | 197.3 | 201.0 | 190.5 | 186.8 | 178.6 | 167.8 | 151.7 | 159.4 | 143.4 |
| Gross Profit | 378.1 | 420.0 | 361.9 | 343.6 | 343.3 | 332.8 | 311.1 | 288.8 | 267.7 | 265.7 | 244.1 | 212.3 | 206.7 | 214.8 | 191.2 | 184.4 | 187.2 | 193.5 | 169.7 | 167.3 | 162.4 | 169.8 | 146.8 | 128.9 | 123.2 | 144.1 | 120.8 | 121.3 | 94.5 | 109.5 | 98.2 | 98.7 | 83.3 | 87.9 | 143.4 |
| Operating Income | 245.3 | 287.3 | 230.8 | 210.4 | 199.9 | 204.1 | 188.5 | 159.3 | 162.5 | 167.7 | 141.6 | 124.7 | 116.3 | 122.6 | 91.6 | 102.8 | 106.6 | 111.6 | 91.2 | 85.5 | 83.8 | 98.3 | 71.6 | 58.5 | 55.6 | 77.6 | 54.3 | 58.3 | 31.0 | 46.3 | 31.9 | 52.8 | 40.2 | 47.4 | 38.8 |
| Net Income | 181.3 | 205.3 | 325.0 | 185.6 | 153.8 | 148.4 | 142.2 | 113.9 | 119.2 | 126.1 | 89.3 | 98.6 | 89.1 | 87.9 | 88.9 | 69.1 | 68.3 | 83.0 | 48.9 | 54.8 | 55.3 | 67.9 | 55.1 | 36.8 | 30.5 | 43.9 | 41.3 | 29.6 | 12.8 | 42.4 | 29.3 | 46.0 | 38.9 | 45.3 | 7.1 |
| EPS (Diluted) | 0.85 | 0.96 | 1.51 | 0.86 | 0.71 | 0.69 | 0.66 | 0.53 | 0.55 | 0.59 | 0.42 | 0.46 | 0.42 | 0.42 | 0.42 | 0.33 | 0.33 | 0.40 | 0.23 | 0.26 | 0.27 | 0.33 | 0.28 | 0.19 | 0.16 | 0.25 | 0.25 | 0.20 | 0.09 | 0.34 | 0.24 | 0.20 | 0.17 | 0.20 | 0.05 |
| Balance Sheet | |||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 2,057.9 | 1,937.3 | 2,085.7 | 1,907.9 | 1,631.1 | 1,307.5 | 1,341.3 | 1,174.7 | 1,719.2 | 1,545.9 | 1,707.5 | 1,494.4 | 1,397.4 | 1,233.7 | 1,258.2 | 1,111.2 | 960.7 | 829.1 | 973.0 | 822.9 | 682.2 | 810.9 | 792.3 | 678.4 | 560.9 | 425.4 | 461.7 | 391.1 | 314.8 | 362.8 | 411.3 | 0 | 353.8 | ||
| Total Assets | 8,250.8 | 8,295.7 | 8,189.6 | 7,995.9 | 8,056.1 | 7,370.0 | 7,268.0 | 7,336.7 | 7,284.5 | 7,395.9 | 7,059.5 | 6,504.6 | 6,490.5 | 6,240.1 | 6,260.1 | 6,136.6 | 5,989.5 | 6,001.1 | 5,990.2 | 5,936.5 | 5,864.9 | 5,808.9 | 5,679.9 | 5,537.4 | 5,463.9 | 5,184.7 | 5,095.3 | 5,622.7 | 5,072.3 | 4,881.6 | 4,997.1 | 1,323.8 | 1,316.9 | ||
| Total Debt | 150.3 | 142.8 | 278.3 | 271.3 | 32.3 | 32.3 | 35.7 | 28.6 | 28.1 | 24.7 | 49.1 | 22.0 | 23.3 | 25.8 | 27.9 | 28.7 | 29.9 | 52.4 | 24.3 | 26.8 | 28.8 | 31.2 | 34.5 | 33.2 | 30.3 | 33.4 | 31.0 | 58.1 | 34.5 | 35.6 | 0 | 0 | 0 | ||
| Stockholders' Equity | 6,634.5 | 6,620.3 | 6,507.8 | 6,280.7 | 6,097.8 | 5,938.9 | 5,800.2 | 5,700.6 | 5,630.8 | 5,508.8 | 5,373.8 | 5,265.8 | 5,182.5 | 5,002.9 | 4,953.8 | 4,868.9 | 4,714.9 | 4,648.6 | 4,645.6 | 4,590.3 | 4,548.0 | 4,519.0 | 4,303.5 | 4,056.9 | 4,014.2 | 3,502.8 | 3,378.6 | 2,873.6 | 2,847.6 | 4,598.0 | 4,572.3 | 1,125.2 | 986.5 | ||
| Cash Flow | |||||||||||||||||||||||||||||||||||
| Operating Cash Flow | 336.5 | 103.8 | 355.9 | 342.3 | 409.2 | 60.2 | 282.0 | 292.1 | 285.7 | 37.9 | 244.8 | 217.4 | 213.1 | 70.8 | 208 | 201.5 | 198.6 | 24.7 | 191.7 | 182.4 | 148.4 | 55.6 | 139.7 | 139.0 | 186.3 | (21.8) | 145.5 | 113.5 | 98.1 | (21.1) | 112.6 | 99.8 | 79.3 | (14.2) | 83.3 |
| Capital Expenditure | (8.3) | (9.6) | (34.8) | (31.4) | (5.5) | (1.6) | (38.0) | (17.0) | (16.6) | (17.3) | (12.2) | (17.9) | (15.0) | (16.7) | (14.7) | (12.3) | (5.8) | (9.1) | (15.8) | (10.0) | (4.2) | (12.6) | (5.0) | (2.1) | (3.1) | (1.3) | (7.2) | (12.1) | (9.4) | (8.3) | (16.2) | (10.0) | (8.4) | (7.4) | (3.4) |
| Free Cash Flow | 328.2 | 94.2 | 321.1 | 310.9 | 403.7 | 58.6 | 244.1 | 275.1 | 269.0 | 20.6 | 232.6 | 199.5 | 198.1 | 54.1 | 193.3 | 189.2 | 192.8 | 15.7 | 175.8 | 172.3 | 144.2 | 42.9 | 134.7 | 136.9 | 183.2 | (23.1) | 138.3 | 101.4 | 88.6 | (29.4) | 96.3 | 89.8 | 70.8 | (21.7) | 79.9 |