Tradeweb Reports First Quarter 2022 Financial Results
New York, April 28, 2022 – 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 March 31, 2022.
$311.5 million quarterly revenues increased 13.9% (15.9% on a constant currency basis) compared to prior year period
$1.2 trillion average daily volume (“ADV”) for the quarter, an increase of 10.9% compared to prior year period, with record ADV in U.S. and European government bonds; swaps/swaptions ≥ 1-year; fully electronic U.S. High Grade and fully electronic U.S. High Yield credit; European credit; U.S. and European ETFs; and Repurchase Agreements
$97.4 million net income and $115.1 million adjusted net income for the quarter, increases of 19.5% and 13.3% respectively from prior year period
51.6% adjusted EBITDA margin or $160.6 million adjusted EBITDA for the quarter, compared to 52.0% or $142.1 million respectively for prior year period
$0.40 diluted earnings per share (“Diluted EPS”) for the quarter and $0.48 adjusted diluted earnings per share
$0.08 per share quarterly cash dividend declared; $47.3 million of shares repurchased
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