Tradeweb Reports First Quarter 2025 Financial Results

New York, April 30, 2025 – 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, 2025.

$509.7 million quarterly revenues, an increase of 24.7% (25.8% on a constant currency basis) compared to prior year period

$2.5 trillion average daily volume (“ADV”) for the quarter, an increase of 33.7% compared to prior year period; quarterly ADV records in U.S. government bonds, European government bonds, mortgages, U.S. swaps/swaptions ≥ 1-year, fully electronic U.S. high grade credit, fully electronic U.S. high yield credit, European credit, credit swaps, and global repurchase agreements

$168.3 million net income and $205.7 million adjusted net income for the quarter, increases of 17.4% and 22.5% respectively from prior year period

54.6% adjusted EBITDA margin and $278.2 million adjusted EBITDA for the quarter, compared to 53.7% and $219.5 million respectively for prior year period

$0.69 diluted earnings per share (“Diluted EPS”) and $0.86 adjusted diluted earnings per share for the quarter

$0.12 per share quarterly cash dividend declared, a 20.0% per share increase from prior year period

Click here to read the full news release.