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Jun 30, 2023
Tradeweb Q2 2023 Earnings Report
Tradeweb reported financial results for Q2 2023, showing an increase in quarterly revenues and average daily volume.
Key Takeaways
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.
Quarterly revenues increased by 4.5% to $310.6 million.
Average daily volume increased by 10.2% to $1.3 trillion.
Net income increased by 24.9% to $101.9 million.
Adjusted net income increased by 10.8% to $123.7 million.
Tradeweb
Tradeweb
Forward Guidance
Tradeweb provided full-year 2023 guidance with the following expectations.
Positive Outlook
- Adjusted Expenses: $669 - 714 million
- Acquisition and Refinitiv Transaction related depreciation and amortization expense: $127 million
- Assumed non-GAAP tax rate: ~24% - 25%
- Cash costs of capital expenditures and capitalized software development: $56 - 62 million