Tradeweb Markets Inc - Ordinary Shares Cls A
TW
Market Cap$33.54B
Close$
Earnings Call Q1 2025
April 30, 2025 - AI Summary
Record Revenue Achievement: Tradeweb reported a record revenue of $510 million for Q1 2025, marking a year-over-year growth of 24.7% on a reported basis and 25.8% on a constant currency basis. This achievement reflects strong client activity and share gains across its business segments.
Market Conditions and Challenges: The first quarter faced an evolving macro backdrop with global geopolitical risks and high volatility. Notably, April showcased unprecedented market movements, particularly in U.S. Treasuries. Despite these challenges, Tradeweb managed to maintain client engagement and saw significant trading volume on its platforms.
Strategic Shift in Pricing Model: Tradeweb is transitioning from variable to more fixed pricing with dealers in its credit business, aiming to increase the proportion of recurring revenues. This shift is expected to result in a neutral impact on total revenues in the short term, but target an increase from 7% to approximately 13% in fixed revenue share by Q2 2025.
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$125.33
13.7% downside
Current Fair Value
13.7% downsideOvervalued by 13.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $33.54 Billion |
|---|---|
| Enterprise Value | $32.28 Billion |
| Dividend Yield | $0.42 (0.296066544480474%) |
| Earnings per Share | $2.36 |
| Beta | 0.99 |
| Outstanding Shares | 213,087,496 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 57.72 |
|---|---|
| PEG | 371.95 |
| Price to Sales | 20.75 |
| Price to Book Ratio | 4.84 |
| Enterprise Value to Revenue | 19.77 |
| Enterprise Value to EBIT | 50.46 |
| Enterprise Value to Net Income | 71 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0.01 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Tradeweb Markets Inc
Tradeweb Markets Inc. is an international financial services company that builds and operates electronic over-the-counter marketplaces for trading fixed income products, ETFs and derivatives. The company was co-founded in 1996 by Lee O...