Tradeweb Markets’ Q3 Revenue Jumps 8.2%; CEO Lee Olesky to Retire


Tradeweb Markets (Nasdaq: TW) published its financials for the third quarter of 2022, reporting $287.1 million in revenues, an increase of 8.2 percent.

The net income for the period came in at $81.6 million, while the adjusted figure stood at $106.5 million. The numbers were 24.9 percent and 13.1 percent, respectively, higher than the same quarter of the previous year.

Between July and September, the adjusted EBITDA for the three months came in at $146.3 million with a margin of 51 percent. In the previous year’s third quarter, these two figures were at $132.9 million and 50.1 percent, respectively.

The diluted earnings per share came in at $0.33, with the adjusted figure at $0.45. The company’s board has declared a dividend of $0.08 per share for the quarter. It will also repurchase $9 million worth of stocks.

Growing Trading Demand

Tradeweb operates an electronic trading platform offering instruments of rates, credit, equities , and money markets. It recently partnered with FXall for building a hedging overflow solution.

The latest quarter also witnessed a significant increase in trading demand. The average daily volume (ADV) for the period came in at $1.1 trillion, an increase of 14 percent year-over-year. It was a record figure in the platform’s operational history.

“Tradeweb reported record third quarter revenues driven by strong trading volumes across asset classes and products,” said Chairman and CEO of Tradeweb Markets, Lee Olesky.

“Despite challenging markets, we delivered double-digit revenue growth on a constant currency basis in rates, credit, equities, and money markets. Our clients leveraged a wide range of electronic tools and protocols to help advance their trading strategies as markets reflected concerns around inflation and geopolitical conflict.”

Olesky will retire as Tradeweb’s CEO by the end of this year. However, he will continue to remain as the Chairman.

Tradeweb Markets (Nasdaq: TW) published its financials for the third quarter of 2022, reporting $287.1 million in revenues, an increase of 8.2 percent.

The net income for the period came in at $81.6 million, while the adjusted figure stood at $106.5 million. The numbers were 24.9 percent and 13.1 percent, respectively, higher than the same quarter of the previous year.

Between July and September, the adjusted EBITDA for the three months came in at $146.3 million with a margin of 51 percent. In the previous year’s third quarter, these two figures were at $132.9 million and 50.1 percent, respectively.

The diluted earnings per share came in at $0.33, with the adjusted figure at $0.45. The company’s board has declared a dividend of $0.08 per share for the quarter. It will also repurchase $9 million worth of stocks.

Growing Trading Demand

Tradeweb operates an electronic trading platform offering instruments of rates, credit, equities , and money markets. It recently partnered with FXall for building a hedging overflow solution.

The latest quarter also witnessed a significant increase in trading demand. The average daily volume (ADV) for the period came in at $1.1 trillion, an increase of 14 percent year-over-year. It was a record figure in the platform’s operational history.

“Tradeweb reported record third quarter revenues driven by strong trading volumes across asset classes and products,” said Chairman and CEO of Tradeweb Markets, Lee Olesky.

“Despite challenging markets, we delivered double-digit revenue growth on a constant currency basis in rates, credit, equities, and money markets. Our clients leveraged a wide range of electronic tools and protocols to help advance their trading strategies as markets reflected concerns around inflation and geopolitical conflict.”

Olesky will retire as Tradeweb’s CEO by the end of this year. However, he will continue to remain as the Chairman.



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