Tradeweb Reports Second Quarter 2022 Financial Results
New York, August 3, 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 June 30, 2022.
$297.1 million quarterly revenues increased13.9% (17.8% on a constant currency basis) compared to prior year period
$1.2 trillion average daily volume (“ADV”) for the quarter, an increase of 20.4% compared to prior year period, with record ADV in swaps/swaptions ≥ 1-year; fully electronic U.S. High Grade; Municipal Bonds and Repurchase Agreements
$81.6 million net income and $111.7 million adjusted net income for the quarter, increases of 23.2% and 19.3% respectively from prior year period
52.4% adjusted EBITDA margin and $155.6 million adjusted EBITDA for the quarter, compared to 50.6%and $131.9 million respectively for prior year period
$0.33 diluted earnings per share (“Diluted EPS”) for the quarter and $0.47 adjusted diluted earnings per share
$0.08 per share quarterly cash dividend declared; $9.0 million of shares repurchased
Click here to read the full news release.