Tradeweb Reports First Quarter 2024 Financial Results

New York, April 25, 2024 – 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, 2024.

$408.7 million quarterly revenues, an increase of 24.1% (23.8% on a constant currency basis) compared to prior year period

$1.9 trillion average daily volume (“ADV”) for the quarter, an increase of 39.1% compared to prior year period; quarterly ADV records in fully electronic U.S. High Grade credit, U.S. government bonds, European government bonds, swaps/swaptions ≥ 1-year, European credit, U.S. ETFs, equity convertibles/swaps/options, global repurchase agreements; record 17.6% share of fully electronic U.S. High Grade TRACE

$143.4 million net income and $167.9 million adjusted net income for the quarter, increases of 40.3% and 30.1% respectively from prior year period

53.7% adjusted EBITDA margin and $219.5 million adjusted EBITDA for the quarter, compared to 52.3% and $172.2 million respectively for prior year period

$0.59 diluted earnings per share (“Diluted EPS”) and $0.71 adjusted diluted earnings per share for the quarter

$0.10 per share quarterly cash dividend declared


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