TW Q4 2024 Earnings — Tradeweb Markets Inc. Revenue & Financial Results | Market Cap Arena

TWTradeweb Markets Inc.

$27B

Q4 2024 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$463M+25.2% YoY

Gross Profit

$311M67.2% margin

Operating Income

$189M40.7% margin

Net Income

$142M30.7% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

$282M

Free Cash Flow

$244M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$869M

Stockholders' Equity

$5.8B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$463M	$370M	+25.2%
Gross Profit	$311M	$244M	+27.4%
Operating Income	$189M	$142M	+33.1%
Net Income	$142M	$89M	+59.2%

Revenue Segments

Transaction Fee Revenue

$720M83%

Subscription Fee Revenue

$105M12%

Market Data Revenue

$41M5%

Financial Service, Other

$7M1%

Geographic Segments

UNITED STATES

$275M59%

Non-US

$189M41%