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Jun 30, 2021
Tradeweb Q2 2021 Earnings Report
Tradeweb's financial performance for Q2 2021 was reported, highlighting revenue growth, increased trading volumes, and strategic acquisitions.
Key Takeaways
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%.
Quarterly revenues increased by 23.0% year-over-year to $260.8 million.
Average daily volume (ADV) increased by 25.5% year-over-year to $976.9 billion.
Net income increased by 56.2% year-over-year to $66.2 million.
Adjusted EBITDA margin was 50.6%.
Revenue by Segment
Forward Guidance
Tradeweb updated its full-year 2021 guidance to incorporate the NFI acquisition, expectation of a strong revenue environment in the second half of 2021, and increased investment to support growth businesses.
Positive Outlook
- Expectation of a strong revenue environment in the second half of 2021
- Increased investment to support growth businesses
- Adjusted Expenses: $565 - $580 million
- Assumed non-GAAP tax rate: 22.0%
- Capital expenditures and capitalization of software development: $49 - $53 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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