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Tradeweb Markets Inc. TW Q4 2024 Annual earnings

Reported February 6, 2025 · Before market open

Revenue estimate$458.0M
EPS estimate$0.75

Next report

Jul 30, 2026 (In 6 days)
Revenue estimate$559.2M
EPS estimate$0.97

Financials

Q4 2024

Income statement

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Revenue$463.3M+25.2%
Operating income$188.5M+33.1%
Net income$142.2M+59.2%
EPS (diluted)$0.66+61.0%

Balance sheet

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Cash & equivalents$1.3B-21.4%
Total debt$35.7M+30.2%
Total equity$5.8B+7.9%
Total assets$7.3B+3.0%

Cash flow

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Operating cash flow$282.0M+15.2%
CapEx$25.2M+2,276%
Free cash flow$256.8M+5.4%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$27.91B+45.0%
Enterprise value$26.6B+51.4%
P/E55.6×+2.9×
P/S16.2×+1.8×

Profitability

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Operating margin39.3%+1.5pp
Net margin29.1%+1.8pp
FCF margin49.6%-4.7pp

Returns & leverage

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Return on equity9%+1.9pp
Debt / equity0.0×

Segments

By product

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Transaction fees and commissions$384.1M+27.3%
Subscription fees$55.0M+15.9%
LSEG market data fees$20.6M+15.3%
Other$3.6M+25.9%

By segment

See full
Reportable Segment$463.3M+38.5%

By geography

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U.S.$274.8M+18.0%

Versus estimates

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Questions, answered.

When did Tradeweb Markets Inc. report Q4 2024 earnings?
Tradeweb Markets Inc. (TW) reported Q4 2024 earnings on February 6, 2025 before market open.
What were Tradeweb Markets Inc.'s Q4 2024 revenue and EPS?
Tradeweb Markets Inc. reported revenue of $463.3M and diluted EPS of $0.76 for Q4 2024.
Did Tradeweb Markets Inc. beat estimates in Q4 2024?
Revenue beat the consensus estimate of $458.0M by $5.3M. EPS beat the consensus estimate of $0.75 by $0.01.
Where can I find Tradeweb Markets Inc.'s Q4 2024 SEC filings?
You can read the 10-K periodic report (0001758730-25-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.