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Dec 31, 2024
Tradeweb Q4 2024 Earnings Report
Tradeweb reported strong fourth quarter results driven by favorable market conditions and strategic partnerships.
Key Takeaways
Tradeweb Markets Inc. reported a strong fourth quarter and full year 2024, with quarterly revenues increasing by 25.2% to $463.3 million and average daily volume rising by 36.7% to $2.3 trillion. Net income increased by 54.2% to $159.9 million, and adjusted net income increased by 19.2% to $181.2 million. The company also raised its quarterly cash dividend by 20.0% to $0.12 per share.
Quarterly revenues increased 25.2% to $463.3 million.
Average daily volume increased 36.7% to $2.3 trillion.
Net income increased 54.2% to $159.9 million.
Quarterly cash dividend raised by 20.0% to $0.12 per share.
Revenue by Segment
Forward Guidance
Tradeweb provided full-year 2025 guidance, including adjusted expenses between $970 and $1,030 million, acquisition and refinitiv transaction related depreciation and amortization expense of $176 million, and an assumed non-GAAP tax rate of approximately 24.5% - 25.5%.
Positive Outlook
- Adjusted Expenses: $970 - 1,030 million
- Acquisition and Refinitiv Transaction related depreciation and amortization expense: $176 million
- Assumed non-GAAP tax rate: ~24.5% - 25.5%
- Cash capital expenditures and capitalized software development: ~ $99 - 109 million
- LSEG Market Data Contract Revenue: ~$90 million
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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