Earnings summaries and quarterly performance for Tradeweb Markets.
Executive leadership at Tradeweb Markets.
Billy Hult
Detailed
Chief Executive Officer
CEO
Amy Clack
Detailed
Chief Administrative Officer
Douglas Friedman
Detailed
General Counsel and Secretary
Enrico Bruni
Detailed
Managing Director, Co-Head of Global Markets
Justin Peterson
Detailed
Chief Technology Officer
Sara Furber
Detailed
Chief Financial Officer
Scott Zucker
Detailed
Chief Risk Officer
Troy Dixon
Detailed
Managing Director, Co-Head of Global Markets
Board of directors at Tradeweb Markets.
Balbir Bakhshi
Detailed
Director
Catherine Johnson
Detailed
Director
Daniel Maguire
Detailed
Director
Jacques Aigrain
Detailed
Chairperson of the Board
Lisa Opoku
Detailed
Director
Paula Madoff
Detailed
Lead Independent Director
Rana Yared
Detailed
Director
Rich Repetto
Detailed
Director
Scott Ganeles
Detailed
Director
Steven Berns
Detailed
Director
Research analysts who have asked questions during Tradeweb Markets earnings calls.
Alexander Blostein
Goldman Sachs
4 questions for TW
Also covers: AB, AMG, AMP +31 more
Christopher Allen
Citigroup
4 questions for TW
Also covers: CBOE, CME, ETOR +9 more
Alex Kramm
UBS Group AG
3 questions for TW
Also covers: BR, CBOE, CBRE +15 more
Benjamin Budish
Barclays PLC
3 questions for TW
Also covers: AB, APO, ARES +23 more
Daniel Fannon
Jefferies Financial Group Inc.
3 questions for TW
Also covers: AB, AMG, AMTD +27 more
Kenneth Worthington
JPMorgan Chase & Co.
3 questions for TW
Also covers: APO, ARES, BAM +27 more
Michael Cyprys
Morgan Stanley
3 questions for TW
Also covers: AAMI, AMP, AMTD +30 more
Patrick Moley
Piper Sandler & Co.
3 questions for TW
Also covers: BGC, CBOE, CME +17 more
Craig Siegenthaler
Bank of America
2 questions for TW
Also covers: AB, AMP, AMTD +26 more
Jeffrey Schmitt
William Blair
2 questions for TW
Also covers: AIZ, AMP, CBOE +8 more
Kyle Voigt
Keefe, Bruyette & Woods
2 questions for TW
Also covers: AMTD, APO, ARES +17 more
Richard Fellinger
Autonomous Research
2 questions for TW
Ben Budish
Barclays PLC
1 question for TW
Also covers: AB, APO, ARES +19 more
Dan Fannon
Jefferies & Company Inc.
1 question for TW
Also covers: AB, AMG, AMTD +22 more
William Katz
TD Cowen
1 question for TW
Also covers: AB, AMG, AMTD +25 more
Recent press releases and 8-K filings for TW.
Tradeweb Markets Reports Strong Q3 2025 Financial Results
TW
Earnings
Dividends
Revenue Acceleration/Inflection
- Tradeweb Markets Inc. reported third-quarter 2025 revenue of $508.6 million, an increase of 13.3% year-over-year, with adjusted earnings per share reaching $0.87, up 16%.
- The company demonstrated improved profitability, with its adjusted EBITDA margin expanding to 54.0% and its adjusted EBIT margin reaching 50.2%.
- Record daily trading volumes averaged $2.6 trillion, an 11.8% increase, and international revenues grew 24.8% to $211.2 million, driven by new digital trading protocols.
- Tradeweb also raised its dividend by 20% and provided a tighter expense outlook, signaling confidence in its business model.
Oct 30, 2025, 5:35 PM
Tradeweb Reports Strong Q3 2025 Financial Results and Updates Full-Year Guidance
TW
Earnings
Guidance Update
Dividends
- Tradeweb reported Q3 2025 revenue of $508.6 million, an increase of 13.3% year-over-year (11.3% on a constant currency basis).
- Adjusted Net Income grew by 15.2% year-over-year (12.7% constant currency) to $206.5 million, with Adjusted Diluted EPS increasing by 16.0% year-over-year (12.0% constant currency) to $0.87.
- The company achieved an Adjusted EBITDA margin of 54.0%, expanding by 54 basis points year-over-year (30 bps constant currency).
- Tradeweb updated its 2025 full-year guidance for Adjusted Expenses to $1,000 - 1,025 million, narrowing the previous range of $1,000 - 1,050 million.
- The Board of Directors declared a quarterly dividend of $0.12 per Class A and Class B share, payable in December 2025, marking a 20.0% year-over-year increase.
Oct 30, 2025, 1:30 PM
Tradeweb Reports Strong Q3 2025 Revenue Growth and Margin Expansion
TW
Earnings
Guidance Update
New Projects/Investments
- Tradeweb reported strong Q3 2025 financial results, with 13% year-over-year revenue growth on a reported basis, surpassing $500 million in quarterly revenues for the third consecutive quarter year-to-date, and adjusted EBITDA margins expanding by 54 basis points.
- International revenues were a significant growth driver, increasing 25% year-over-year in Q3 2025, with emerging markets now pacing at over $100 million in annual revenue, nearly triple 2023 levels.
- Key product segments delivering strong performance included global swaps, which saw over 30% year-over-year revenue growth, and equities, with revenues up 17% year-over-year driven by global ETFs and equity derivatives.
- The company is actively investing in digital asset initiatives, contributing to over 50% growth in other revenues and generating $5 million year-to-date from its work on the Canton Network.
- Despite a market environment characterized by low volatility and limited data, Tradeweb tightened its 2025 adjusted expense guidance to $1 billion to $1.025 billion and expects adjusted EBITDA margins to exceed 2024 levels.
Oct 30, 2025, 1:30 PM
Tradeweb Markets Reports Strong Q3 2025 Results with Double-Digit Revenue Growth
TW
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Tradeweb Markets reported Q3 2025 revenues of $509 million, an increase of 13% year-over-year on a reported basis and 11% on a constant currency basis. Year-to-date revenues are up 21% or 17% organically.
- The company achieved significant growth in key segments, with international revenues growing 25% year-over-year in Q3 2025 and global swaps revenues increasing over 30% year-over-year. Emerging markets revenue is pacing at over $100 million annually.
- Adjusted EBITDA margin for the nine months ended September 30, 2025, expanded to 54.2%, an increase of 90 basis points compared to the full year 2024.
- Tradeweb continues to invest in growth, with adjusted expenses increasing 12% in Q3 2025 , and tightened its Q4 2025 adjusted expense guidance to $1 billion to $1.025 billion. The Board also declared a quarterly dividend of $0.12 per share, a 20% year-over-year increase.
- The company is actively advancing its digital initiatives, generating $2.3 million from its work with the Canton Network in Q3 2025 and holding 1.7 billion Canton coins valued at approximately $56 million.
Oct 30, 2025, 1:30 PM
Tradeweb Reports Strong Q3 2025 Revenue Growth and Margin Expansion
TW
Earnings
Guidance Update
New Projects/Investments
- Tradeweb reported Q3 2025 revenues of $509 million, a 13% year-over-year increase on a reported basis, with year-to-date revenues up 21%. Adjusted EBITDA margins expanded by 54 basis points in Q3 2025 compared to Q3 2024.
- The company saw strong growth across key segments, with global rates revenues up over 30% year-over-year in Q3, and equities revenues increasing 17% year-over-year. International revenues grew 25% year-over-year, and emerging markets are now pacing at over $100 million in annual revenue.
- Tradeweb is actively investing in digital assets and tokenization, having generated $5 million year-to-date from its work with the Canton Network and holding 1.7 million Canton coins valued at approximately $56 million as of the end of Q3 2025.
- For 2025, Tradeweb tightened its adjusted expense guidance to $1 billion to $1.025 billion and expects adjusted EBITDA margins to exceed 2024 levels. The board declared a quarterly dividend of $0.12 per share, a 20% increase year-over-year.
Oct 30, 2025, 1:30 PM
Tradeweb Markets Reports Q3 2025 Financial Results and Updates Full-Year Guidance
TW
Earnings
Guidance Update
New Projects/Investments
- Tradeweb Markets Inc. reported Q3 2025 revenues of $508.6 million, an increase of 13.3% compared to the prior year period, and adjusted diluted earnings per share of $0.87.
- The company achieved an average daily volume (ADV) of $2.6 trillion for Q3 2025, representing an 11.8% increase year-over-year.
- Tradeweb Markets LLC reached an agreement-in-principle to renew its Master Data Agreement with LSEG Parties for an additional three-year term, expected to apply retrospectively to November 1, 2025.
- For the full year 2025, Tradeweb updated its guidance, expecting adjusted expenses between $1,000 million and $1,025 million and LSEG Market Data Contract Revenue of approximately $92 million.
- A quarterly cash dividend of $0.12 per share was declared, marking a 20% increase from the prior year period.
Oct 30, 2025, 11:02 AM
Tradeweb Markets Reports Record Q3 and September 2025 Trading Volumes
TW
Earnings
Revenue Acceleration/Inflection
- Tradeweb Markets Inc. reported record trading volumes in September 2025, with a total of $63.7 trillion and an average daily volume (ADV) of $2.9 trillion, marking a 10% year-over-year increase.
- For the third quarter of 2025, the company also achieved record volumes totaling $172.8 trillion and an ADV of $2.6 trillion, representing an 11.8% rise compared to the prior year.
- Key segments contributing to this growth included mortgage ADV, which increased 21.5% year-over-year to $291.9 billion, European government bond ADV surging 27.3%, and global repurchase agreement (repo) ADV growing 19.2% year-over-year to $811.7 billion.
- CEO Billy Hult highlighted strong client engagement and market resilience, attributing success to various trading tools like RFQ and AiEX despite low rate volatility.
Oct 6, 2025, 11:47 AM
Quarterly earnings call transcripts for Tradeweb Markets.
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