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Sep 30, 2021
Tradeweb Q3 2021 Earnings Report
Tradeweb reported strong momentum with broad-based growth in trading volume across markets, resulting in the second-best revenue quarter ever.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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