Tradeweb Markets (TW) Reports In-Line Q3 EPS, Beats on Revenue

Tradeweb Markets (NASDAQ: TW) reported Q3 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue for the quarter came in at $448.9 million versus the consensus estimate of $448.15 million.

Updated Full-Year 2024 Guidance*

Adjusted Expenses: $855 - 875 million (trending toward middle of range)
Acquisition and Refinitiv Transaction related depreciation and amortization expense: $158 million
Assumed non-GAAP tax rate: ~ 24.5% - 25.5%
Cash capital expenditures and capitalized software development: ~ $77 - 85 million
LSEG Market Data Contract Revenue: ~$80 million (~$90 million in 2025)

For earnings history and earnings-related data on Tradeweb Markets (TW) click here.

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