Get a deeper insight into the potential performance of Tradeweb (TW) for the quarter ended September 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Trading activity on the Tradeweb European ETF marketplace amounted to EUR 60.1 billion in July. In July, equities remained the most actively traded European ETF asset class, comprising 65% of the overall platform flow. Total consolidated U.S. ETF notional value traded in July reached USD 64.1 billion.
I reiterate my buy rating for Tradeweb Markets as growth drivers remain robust and execution is strong across rates, international, and acquisitions. 2Q25 results exceeded expectations: revenue up 26.7% y/y, record trading volumes, and expanding margins confirm the durability of TW's growth engine. ICD integration is a key milestone, unlocking new TAM and validating the cross-sell opportunity, while automation deepens client stickiness even during volatility.
Tradeweb Markets Inc. (NASDAQ:TW ) Q2 2025 Earnings Conference Call July 30, 2025 9:30 AM ET Company Participants Ashley Neil Serrao - MD, Head of Treasury, FP&A & Investor Relations Sara Hassan Furber - Chief Financial Officer William E. Hult - CEO & Director Conference Call Participants Alexander Blostein - Goldman Sachs Group, Inc., Research Division Alexander Kramm - UBS Investment Bank, Research Division Benjamin Elliot Budish - Barclays Bank PLC, Research Division Christopher John Allen - Citigroup Inc., Research Division Craig William Siegenthaler - BofA Securities, Research Division Daniel Thomas Fannon - Jefferies LLC, Research Division Kenneth Brooks Worthington - JPMorgan Chase & Co, Research Division Patrick Malcolm Moley - Piper Sandler & Co., Research Division Operator Good morning, and welcome to Tradeweb's Second Quarter 2025 Earnings Conference Call.
The headline numbers for Tradeweb (TW) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Tradeweb Markets (TW) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.7 per share a year ago.
Evaluate the expected performance of Tradeweb (TW) for the quarter ended June 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Tradeweb (TW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Tradeweb generates close to 50% FCF margins, has zero debt, and a huge market share in electronic bond and rates trading. Its fee model, tied to trading volumes, provides a natural inflation hedge and strong operating leverage as the market expands globally. Global debt levels and trading activity are at all-time highs, supporting fast revenue growth and margin expansion.
Tradeweb (TW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Trading activity on the Tradeweb European ETF marketplace amounted to EUR 60.4 billion in June. In June, equities remained the most actively traded ETF asset class, comprising 68% of the overall platform flow. Total consolidated U.S. ETF notional value traded in June reached USD 58.5 billion.
Trading activity on the Tradeweb European ETF marketplace amounted to EUR 62 billion in May. In May, European equities remained the most actively traded ETF asset class, comprising 70% of the overall platform flow. Total consolidated U.S. ETF notional value traded in May reached USD 82 billion.