Tradeweb Earnings Reports

Tradeweb Markets Inc. reported a strong fourth quarter and full year 2024, with quarterly revenues increasing by 25.2% to $463.3 million and average daily volume rising by 36.7% to $2.3 trillion. Net income increased by 54.2% to $159.9 million, and adjusted net income increased by 19.2% to $181.2 million. The company also raised its quarterly cash dividend by 20.0% to $0.12 per share.

Tradeweb reported record quarterly revenues of $448.9 million, a 36.7% increase year-over-year, driven by record average daily volume (ADV) of $2.2 trillion, up 55% compared to the same period last year. The company achieved quarterly ADV records across rates, credit, and money markets, highlighting the success of organic expansion efforts and contributions from recent acquisitions.

Tradeweb reported a strong second quarter with a 30.4% increase in revenue, reaching $405.0 million. The company saw a 48.3% increase in average daily volume (ADV), hitting $1.9 trillion, driven by records in rates, money markets, and credit. Net income increased by 33.8% to $136.4 million, and adjusted net income rose by 34.7% to $166.7 million.

Tradeweb's Q1 2024 revenues reached $408.7 million, a 24.1% increase year-over-year, with an average daily volume of $1.9 trillion, up by 39.1%. Net income increased by 40.3% to $143.4 million, and adjusted net income rose by 30.1% to $167.9 million. The company finalized its acquisition of r8fin and agreed to acquire ICD, expanding its client reach.

Tradeweb reported a strong fourth quarter and full year 2023, marked by a 26.3% increase in quarterly revenues to $370.0 million and a 56.9% increase in average daily volume (ADV) to $1.7 trillion. The company achieved record market share in fully electronic U.S. High Grade TRACE, U.S. government bonds, equity convertibles/swaps/options, global repurchase agreements and swaps/swaptions. Net income was reported at $103.7 million, and adjusted net income reached $151.9 million.

Tradeweb reported a strong third quarter with record revenues of $328.4 million, a 14.4% increase year-over-year. Average daily volume (ADV) reached $1.4 trillion, up 29.6% year-over-year. Net income increased by 36.9% to $111.6 million, and adjusted EBITDA was $170.4 million, a 16.4% increase. The company also closed the Yieldbroker acquisition and announced a new licensing agreement with LSEG Data & Analytics (Refinitiv).

Tradeweb reported a 4.5% increase in quarterly revenues, reaching $310.6 million. The average daily volume increased by 10.2% to $1.3 trillion. Net income increased by 24.9% to $101.9 million, and adjusted net income increased by 10.8% to $123.7 million.

Tradeweb's Q1 2023 results showed strong growth with a 5.7% increase in quarterly revenues to $329.2 million and a record average daily volume of $1.4 trillion, up 16.2% year-over-year. The company reported a net income of $102.2 million and an adjusted net income of $129.0 million, representing increases of 4.9% and 12.2% respectively. Adjusted EBITDA margin was 52.3%, and adjusted diluted EPS was $0.54.

Tradeweb reported a 5.8% increase in quarterly revenues, reaching $293.0 million, and a 65.0% increase in net income to $99.0 million. Adjusted net income increased by 17.2% to $116.9 million, with an adjusted EBITDA margin of 52.8%. The company's diluted EPS was $0.42, and adjusted diluted EPS was $0.49. A quarterly cash dividend of $0.09 per share was declared, representing a 12.5% increase.

Tradeweb Markets Inc. reported an 8.2% increase in quarterly revenues, reaching $287.1 million, and a 14.0% increase in average daily volume (ADV) to $1.1 trillion. The company also saw a 24.9% increase in net income, reaching $81.6 million.

Tradeweb Markets Inc. reported financial results for Q2 2022. Quarterly revenues increased by 13.9% to $297.1 million. Average daily volume increased by 20.4% to $1.2 trillion. Net income increased by 23.2% to $81.6 million, and adjusted net income increased by 19.3% to $111.7 million.

Tradeweb Markets Inc. reported strong financial results for the first quarter of 2022, with quarterly revenues increasing by 13.9% to $311.5 million. The company's average daily volume (ADV) also saw a rise of 10.9% to $1.2 trillion. Net income increased by 19.5% to $97.4 million, and adjusted net income increased by 13.3% to $115.1 million.

Tradeweb's Q4 2021 revenues increased by 18.8% to $276.9 million, with average daily volume up 24.1% to $1.1 trillion. Net income decreased by 9.7% to $60.0 million, while adjusted net income increased by 23.9% to $99.7 million. Diluted EPS was $0.23, and adjusted diluted EPS was $0.42.

Tradeweb Markets Inc. reported financial results for the quarter ended September 30, 2021. Quarterly revenues increased by 24.6% compared to the prior year period, reaching $265.3 million. The average daily volume for the quarter was $964.5 billion, a 23.6% increase year-over-year. Net income increased by 38.8% to $65.3 million, and adjusted net income increased by 34.6% to $94.2 million.

Tradeweb reported a strong second quarter in 2021, with a 23.0% increase in quarterly revenues to $260.8 million and a 25.5% increase in average daily volume (ADV) to $976.9 billion. The company's net income increased by 56.2% to $66.2 million, and adjusted EBITDA margin reached 50.6%.

Tradeweb's Q1 2021 revenues increased by 16.5% to $273.4 million, with a record average daily volume of $1.06 trillion, up 18.0% year-over-year. Net income rose 30.5% to $81.6 million, and adjusted EBITDA reached $142.1 million, a 52.0% margin.

Tradeweb Markets Inc. reported an 18.1% increase in quarterly gross revenues, reaching $233.1 million. The company also saw a 30.9% increase in record average daily volume (ADV) for the quarter, driven by growth in U.S. High Yield bonds, Chinese bonds, and Repos. Net income was $66.4 million, and adjusted net income was $80.5 million, representing increases of 16.0% and 33.1%, respectively.

Tradeweb Markets Inc. reported a 5.9% increase in quarterly gross revenues, reaching $212.9 million. GAAP net income was $47.0 million, a decrease of 3.1%, while adjusted net income increased by 13.5% to $69.9 million. The company also saw a decrease of 4.5% in average daily volume (ADV).

Tradeweb Markets Inc. reported strong second quarter 2020 financial results, with a 3.5% year-over-year increase in average daily volume (ADV) to $778.4 billion. Quarterly gross revenues increased by 11.4% year-over-year to $212.1 million, and net income increased by 70.9% to $42.4 million.

Tradeweb Markets Inc. reported a strong fourth quarter with a 10.5% increase in revenues to $197.3 million and a 95.4% increase in net income to $57.3 million. The company achieved record quarterly ADV in US high-grade and high-yield credit and record market share for US high-grade TRACE volume. Full-year ADV and revenues also reached record levels.