TW Q1 2024 Earnings — Tradeweb Markets Inc. Revenue & Financial Results | Market Cap Arena

TWTradeweb Markets Inc.

$27B

Q1 2024 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$409M+24.1% YoY

Gross Profit

$266M65.0% margin

Operating Income

$168M41.0% margin

Net Income

$126M30.9% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

+10.5%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$21M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$7.4B

Total Liabilities

$1.3B

Stockholders' Equity

$5.5B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$409M	$329M	+24.1%
Gross Profit	$266M	$215M	+23.7%
Operating Income	$168M	$123M	+36.8%
Net Income	$126M	$88M	+43.6%

Revenue Segments

Transaction Fee Revenue

$335M82%

Subscription Fee Revenue

$50M12%

Market Data Revenue

$21M5%

Financial Service, Other

$3M1%

Geographic Segments

UNITED STATES

$254M62%

Non-US

$155M38%