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Jun 30, 2020
Tradeweb Q2 2020 Earnings Report
Tradeweb reported financial results, demonstrating benefits of its diversified approach across asset classes, trading protocols, liquidity sources, and geographies.
Key Takeaways
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.
Average daily volume increased by 3.5% year-over-year to $778.4 billion.
Gross revenues increased by 11.4% year-over-year to $212.1 million.
Net income increased by 70.9% year-over-year to $42.4 million.
Adjusted EBITDA margin was 47.8%.
Tradeweb
Tradeweb
Forward Guidance
Tradeweb provided updated full-year 2020 guidance.