Tradeweb Markets (TW) Tops Q3 EPS by 2c

Tradeweb Markets (NASDAQ: TW) reported Q3 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $287.1 million versus the consensus estimate of $286.91 million.

Updated Full-Year 2022 Guidance:

• Adjusted expenses: $620 - 640 million (old: $620 - 655 million)
• No change to other guidance:
• Acquisition and Refinitiv Transaction related depreciation and amortization expense: $127 million
• Assumed non-GAAP tax rate: ~22.0%
• Capital expenditures and capitalization of software development: $62 - 68 million

*GAAP operating expenses and tax rate guidance are not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement of foreign currency rates.

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

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