TW Q4 2023 Earnings — Tradeweb Markets Inc. Revenue & Financial Results | Market Cap Arena

TWTradeweb Markets Inc.

$27B

Q4 2023 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$370M+26.3% YoY

Gross Profit

$244M66.0% margin

Operating Income

$142M38.3% margin

Net Income

$89M24.1% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

+12.7%

Cash Flow

Operating Cash Flow

$245M

Free Cash Flow

$233M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$1.1B

Stockholders' Equity

$5.4B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$370M	$293M	+26.3%
Gross Profit	$244M	$191M	+27.7%
Operating Income	$142M	$92M	+54.7%
Net Income	$89M	$89M	+0.4%

Revenue Segments

Transaction Fee Revenue

$815M81%

Subscription Fee Revenue

$138M14%

Market Data Revenue

$49M5%

Financial Service, Other

$9M1%

Geographic Segments

UNITED STATES

$233M63%

Non-US

$137M37%