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Tradeweb Markets (TW)
:TW
Holding TW?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.75Last Year’s EPS
0.64Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 08, 2019
|% Change Since: -0.14%
|Next Earnings Date:May 09, 2019
Earnings Call Sentiment|Positive
Tradeweb's earnings call reflected a strong performance with record revenues and growth across various segments. The successful integration of acquisitions and substantial growth in credit and ETFs were significant highlights. However, challenges in maintaining high-yield credit market share and increasing expenses present areas of concern. Overall, the sentiment remains positive, driven by strong growth and successful strategic initiatives.Company Guidance
In the third quarter of 2024, Tradeweb reported impressive financial results, with revenue reaching nearly $450 million, a 36.7% increase year-over-year. The company's adjusted EBITDA margins expanded by 154 basis points compared to Q3 2023. Tradeweb's strong performance was driven by a 50% increase in variable revenues and a 37% rise in total trading revenues. The company's rates business saw record growth, with U.S. Treasuries revenue up 33% and global swaps revenues increasing by 51%. In the credit segment, U.S. and European credit revenues grew by 37% and 14%, respectively. Additionally, the money markets segment benefitted from the ICD acquisition, contributing to a 55% increase in fees per million. Looking forward, Tradeweb raised its adjusted expense guidance to $855 million to $875 million, while emphasizing its commitment to margin expansion and growth investments.Record-Breaking Revenue and Growth
Tradeweb reported record revenues of $449 million, up 36.7% year-over-year. The company saw year-to-date adjusted EBITDA margin increase by 111 basis points compared to 2023.
Strong Performance Across Segments
U.S. Treasuries saw record third-quarter revenues with a 33% year-over-year increase. The rates business experienced 36.7% growth year-over-year, while global swaps revenues grew 51% year-over-year with market share rising to 22.4%.
Successful Acquisitions and Integrations
The integration of the YieldBroker acquisition was completed 5 months ahead of schedule, and the ICD acquisition was closed with positive early client feedback. ICD is expected to contribute significantly to revenue growth.
Growth in Credit and ETFs
U.S. and European credit revenues grew by 37% and 14% year-over-year, respectively. Equities, particularly the ETF business, posted double-digit revenue growth, with ETF revenues up over 20% year-over-year.
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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 |
|---|---|---|---|
| Oct 30, 2024 | $131.35 | $128.69 | -2.03% |
| Jul 25, 2024 | $107.93 | $104.82 | -2.88% |
| Apr 25, 2024 | $102.70 | $101.89 | -0.79% |
| Feb 06, 2024 | $97.03 | $96.78 | -0.26% |
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 (TW) report earnings?
Tradeweb Markets (TW) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Tradeweb Markets (TW) earnings time?
Tradeweb Markets (TW) earnings time is at Feb 06, 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 2024 (Q4) is 0.75.
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