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Tradeweb Markets Inc (TW)
NASDAQ:TW
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.85Last Year’s EPS
0.7Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 3.26%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and record-breaking achievements across various segments, indicating robust business performance. However, challenges such as declines in retail credit revenues and fee per million rates, as well as reduced swap compression volumes, were noted. Despite these challenges, the positive highlights significantly outweighed the lowlights.Company Guidance
During Tradeweb's First Quarter 2025 Earnings Conference Call, the company reported a record revenue of $510 million, reflecting a 24.7% year-over-year increase. The adjusted EBITDA margin expanded by 88 basis points compared to the first quarter of 2024. In terms of business segments, the rates division saw record revenues driven by growth in swaps, global government bonds, and mortgages. The credit business experienced high single-digit revenue growth, with double-digit gains in credit derivatives and municipal bonds. The equities segment also posted double-digit revenue growth, led by global ETF and equity derivatives businesses. Money markets benefited from the addition of ICD and record revenues in global repos. Tradeweb's market data revenues were bolstered by the LSEG market data contract and proprietary data products. The company's U.S. Treasuries market share reached a quarterly record of 23%, while the equities business saw volatility increase over 50% during the quarter. Additionally, in the credit segment, the company achieved a record 9% block share in fully electronic U.S. investment-grade trading. Overall, Tradeweb is focused on expanding market share across asset classes and continues to invest in growth and innovation, with a particular emphasis on technology and partnerships.Record Revenue Achievement
Tradeweb reported the best revenue quarter in its history, surpassing $500 million in quarterly revenues for the first time, indicating strong business performance.
Double-Digit Revenue Growth
The company achieved a 24.7% year-over-year revenue growth on a reported basis, with significant growth across various segments like equities and global swaps.
Expansion in Global Markets
International clients contributed to 40% of revenues, with emerging markets credit revenues growing nearly 20% year-over-year. Additionally, global swaps revenues grew over 40% year-over-year.
Improvement in EBITDA Margins
Adjusted EBITDA margins expanded by 88 basis points compared to the first quarter of 2024, showcasing improved profitability.
Strengthening in U.S. Treasuries and ETFs
Tradeweb saw record revenues in U.S. Treasuries and ETFs, with U.S. Treasury market share reaching 23% and ETF business reaching record revenues due to increased volatility.
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TW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $137.38 | $138.30 | +0.67% |
| Feb 06, 2025 | $125.07 | $123.31 | -1.41% |
| Oct 30, 2024 | $131.24 | $128.58 | -2.03% |
| Jul 25, 2024 | $107.83 | $104.73 | -2.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tradeweb Markets Inc (TW) report earnings?
Tradeweb Markets Inc (TW) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Tradeweb Markets Inc (TW) earnings time?
Tradeweb Markets Inc (TW) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TW EPS forecast?
TW EPS forecast for the fiscal quarter 2025 (Q2) is 0.85.
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