Tradeweb Markets Inc. (NASDAQ:TW ) Q4 2024 Earnings Conference Call February 6, 2025 9:30 AM ET Company Participants Ashley Serrao - Head of Treasury, FP&A, and IR Billy Hult - CEO Sara Furber - CFO Conference Call Participants Chris Allen - Citi Benjamin Budish - Barclays Alex Blostein - Goldman Sachs Dan Fallon - Jefferies Craig Siegenthaler - Bank of America Alex Kramm - UBS Patrick Moley - Piper Sandler Jeff Schmidt - William Blair Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Operator Good morning and welcome to Tradeweb's Fourth Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded and will be available for playback.
Although the revenue and EPS for Tradeweb (TW) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Tradeweb Markets (TW) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.64 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Tradeweb (TW), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Tradeweb (TW) doesn't possess 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 64 billion in November, the platform's best monthly performance this year so far. The proportion of transactions executed via Tradeweb's Automated Intelligent Execution (AiEX) reached an all-time record of 90.7%, while the percentage of AiEX volume registered at 24.9%. Total consolidated U.S. ETF notional value traded in November reached USD 65.7 billion, the platform's third best-performing month in 2024.
Tradeweb's robust technology investments have driven significant returns, with a 25% increase in tech investments from 2021 to 2023 and expanding EBITDA margins. TW generates substantial free cash flow and maintains over 25% net profit margins, positioning it as a high-margin, high-fee business for institutional clients. Tradeweb's revenue and net income are expected to continue growing, benefiting from increased trading volumes and international market share amid global economic shifts.
Tradeweb (TW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Trading activity on the Tradeweb European ETF marketplace reached EUR 58.4 billion in October, the best monthly performance so far this year. Total consolidated U.S. ETF notional value traded in October reached USD 57.2 billion. US fixed-income ETFs dominated October's top ten list by traded notional volume.
Tradeweb Markets reported strong 3Q24 results, driven by robust growth across all major asset classes, particularly rates and credit. The ongoing decline in interest rates is expected to benefit TW's derivatives business. The recent acquisition of ICD opens up new opportunities for cross-selling and revenue synergies.
Tradeweb Markets Inc. (NASDAQ:TW ) Q3 2024 Earnings Conference Call October 30, 2024 9:30 AM ET Company Participants Ashley Serrao - Head of Treasury, FP&A and Investor Relations Billy Hult - CEO Sara Furber - CFO Conference Call Participants Chris Allen - Citi Bill Katz - TD Cowen Richard Fellinger - Autonomous Alex Blostein - Goldman Sachs Michael Cyprys - Morgan Stanley Dan Fannon - Jefferies LLC Kyle Voigt - KBW Patrick Moley - Piper Sandler Benjamin Budish - Barclays Ken Worthington - JP Morgan Alex Kramm - UBS Operator Good morning. And welcome to Tradeweb's Third Quarter 2024 Earnings Conference Call.
While the top- and bottom-line numbers for Tradeweb (TW) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.