# Tradeweb Markets Inc. (TW) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Tradeweb Markets Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/TW/mda/fy2025/): filed 2026-02-05; accession 0001758730-26-000015 (https://www.sec.gov/Archives/edgar/data/1758730/000175873026000015/tw-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/TW/mda/fy2024/): filed 2025-02-07; accession 0001758730-25-000038 (https://www.sec.gov/Archives/edgar/data/1758730/000175873025000038/tw-20241231.htm)
- [FY 2023 MD&A](/company/TW/mda/fy2023/): filed 2024-02-09; accession 0001758730-24-000025 (https://www.sec.gov/Archives/edgar/data/1758730/000175873024000025/tw-20231231.htm)
- [FY 2022 MD&A](/company/TW/mda/fy2022/): filed 2023-02-24; accession 0001758730-23-000047 (https://www.sec.gov/Archives/edgar/data/1758730/000175873023000047/tw-20221231.htm)
- [FY 2021 MD&A](/company/TW/mda/fy2021/): filed 2022-02-24; accession 0001758730-22-000006 (https://www.sec.gov/Archives/edgar/data/1758730/000175873022000006/tw-20211231.htm)

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