Tradeweb Q3 2021 Earnings Report
Key Takeaways
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.
Quarterly revenues increased 24.6% compared to the prior year period.
Average daily volume for the quarter increased 23.6% compared to the prior year period, with record ADV in U.S. government bonds.
Net income and adjusted net income for the quarter increased by 38.8% and 34.6%, respectively, from the prior year period.
Adjusted EBITDA margin was 50.1% for the quarter.
Tradeweb
Tradeweb
Tradeweb Revenue by Segment
Forward Guidance
Full-Year 2021 guidance is unchanged from prior quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income