New York, October 30, 2024 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the quarter ended September 30, 2024.
$448.9 million quarterly revenues, an increase of 36.7% (36.5% on a constant currency basis) compared to prior year period
$2.2 trillion average daily volume (“ADV”) for the quarter, an increase of 55.3% compared to prior year period; quarterly ADV records in U.S. government bonds, fully electronic U.S. high yield credit, credit derivatives and global repurchase agreements
$130.2 million net income and $179.3 million adjusted net income for the quarter, increases of 16.7% and 37.1% respectively from prior year period
53.4% adjusted EBITDA margin and $239.8 million adjusted EBITDA for the quarter, compared to 51.9% and $170.4 million respectively for prior year period
$0.53 diluted earnings per share (“Diluted EPS”) and $0.75 adjusted diluted earnings per share for the quarter
$0.10 per share quarterly cash dividend declared; $25.0 million of shares repurchased