TW Q3 2023 Earnings — Tradeweb Markets Inc. Revenue & Financial Results | Market Cap Arena

TWTradeweb Markets Inc.

$27B

Q3 2023 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$328M+14.4% YoY

Gross Profit

$212M64.7% margin

Operating Income

$125M38.0% margin

Net Income

$99M30.0% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

$217M

Free Cash Flow

$199M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$693M

Stockholders' Equity

$5.3B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$328M	$287M	+14.4%
Gross Profit	$212M	$184M	+15.2%
Operating Income	$125M	$103M	+21.3%
Net Income	$99M	$69M	+42.7%

Revenue Segments

Transaction Fee Revenue

$263M80%

Subscription Fee Revenue

$46M14%

Market Data Revenue

$15M5%

Financial Service, Other

$3M1%

Geographic Segments

UNITED STATES

$208M63%

Non-US

$121M37%