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Sep 30, 2022
Tradeweb Q3 2022 Earnings Report
Tradeweb reported record third quarter revenues driven by strong trading volumes across asset classes and products.
Key Takeaways
Tradeweb Markets Inc. reported an 8.2% increase in quarterly revenues, reaching $287.1 million, and a 14.0% increase in average daily volume (ADV) to $1.1 trillion. The company also saw a 24.9% increase in net income, reaching $81.6 million.
Quarterly revenues increased 8.2% (13.1% on a constant currency basis) compared to prior year period
Average daily volume for the quarter increased 14.0% compared to prior year period
Net income increased 24.9% from prior year period
Adjusted EBITDA margin was 51.0% for the quarter
Tradeweb
Tradeweb
Forward Guidance
Tradeweb updated its full-year 2022 guidance for adjusted expenses.