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Sep 30, 2020
Tradeweb Q3 2020 Earnings Report
Tradeweb's business performed exceedingly well due to increased adoption of electronic trading and heightened debt issuance.
Key Takeaways
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).
Quarterly gross revenues increased 5.9% year over year.
Average daily volume decreased 4.5% year over year.
GAAP net income decreased 3.1% due to a higher tax rate and lower interest rates on cash balances.
Adjusted net income increased 13.5% from the prior year period.
Revenue by Segment
Forward Guidance
Tradeweb provided updated full-year 2020 guidance.
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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