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NEW YORK - On Wednesday, Tradeweb Markets Inc . (NASDAQ:TW) reported first quarter earnings and revenue that exceeded analyst expectations.
The company’s stock was up 3.36% in premarket trading following the release.
The company posted adjusted earnings per share of $0.86 for Q1 2025, beating the consensus estimate of $0.85. Revenue came in at $509.7 million, also topping forecasts of $507.72 million.
Tradeweb’s strong performance was driven by record trading volumes across several product categories. Average daily volume reached $2.5 trillion in Q1, up 33.7% year-over-year. The company saw quarterly volume records in U.S. government bonds, European government bonds, mortgages, and other key segments.
"Tradeweb delivered strong financial results for the first quarter of 2025, underscoring how technology is reshaping single market and multi-asset class trading," said CEO Billy Hult. He noted the company captured nearly 26% of total U.S. high grade bond trading volume.
For the full year 2025, Tradeweb expects adjusted expenses of $970 million to $1.03 billion. The company also projects cash capital expenditures and capitalized software development of $99 million to $109 million.
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