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Tradeweb(TW) - 2022 Q3 - Earnings Call Transcript
2022-10-27 19:36
Call Start: 9:30 Call End: 10:43 March 1, 0000 ET Q3 2022 Earnings Conference Call October 27, 2022 9:30 AM ET Company Participants Ashley Serrao - Head, Treasury, FP&A & IR Lee Olesky - Co-Founder, Chairman & Chief Executive Officer William Hult - President & Director Sara Furber - Chief Financial Officer Conference Call Participants Richard Repetto - Piper Sandler & Co. Kyle Voigt - KBW Craig Siegenthaler - Bank of America Merrill Lynch Michael Cyprys - Morgan Stanley Andrew Bond - Rosenblatt Securities ...
Tradeweb(TW) - 2022 Q3 - Earnings Call Presentation
2022-10-27 14:08
* Tradeweb 3Q22 EARNINGS CONFERENCE CALL OCTOBER 27, 2022 © 2022 Tradeweb Markets LLC. All rights reserved. · · · ● ... ● · · ·· . · · · . . . . . . . . .. . . . . . . . . . . . ·· ·· ...... . ... . ·· ...... . . . . . . . . . . . . ... ........ . . . . . . . . . . . . . . . . · · · · . . . . . ·· · · · · . . the same of the same . . . . . . ·· · · . Disclaimers The information in this presentation is current only as of its date and may have changed. We undertake no obligation to update this information in ...
Tradeweb(TW) - 2022 Q2 - Earnings Call Presentation
2022-08-04 04:01
Tradeweb 2Q22 EARNINGS CONFERENCE CALL AUGUST 3, 2022 © 2022 Tradeweb Markets LLC. All rights reserved. · · · ● ... ● · · ·· . . . . . . . . . . . . .. . . . . . . . . . . . . ·· ·· ...... . ... . ·· ...... . . . . ... ....... . . . . . . . . . . . . . . · · · · . . . . . . · · · · · · . . . the same of the same . . . . . . ·· · · . Disclaimers The information in this presentation is current only as of its date and may have changed. We undertake no obligation to update this information in light of new infor ...
Tradeweb(TW) - 2022 Q2 - Earnings Call Transcript
2022-08-03 19:24
Tradeweb Markets, Inc. (NASDAQ:TW) Q2 2022 Earnings Conference Call August 3, 2022 9:30 AM ET Company Participants Ashley Serrao - Head, Treasury, FP&A & IR Lee Olesky - Co-Founder, Chairman & CEO William Hult - President & Director Sara Furber - CFO Conference Call Participants Alexander Blostein - Goldman Sachs Group Richard Repetto - Piper Sandler & Co. Craig Siegenthaler - Bank of America Merrill Lynch Michael Cyprys - Morgan Stanley Alexander Kramm - UBS Kyle Voigt - KBW Daniel Fannon - Jefferies Kenne ...
Tradeweb(TW) - 2022 Q2 - Quarterly Report
2022-08-02 16:00
Table of Contents (State of other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38860 TRADEWEB MARKETS INC. (Exact name of registrant a ...
Tradeweb(TW) - 2022 Q1 - Earnings Call Presentation
2022-04-29 16:12
"Tradeweb · · · ● ... ● · · ·· . · · · . . . . . . . the former of the .. . . . . . . . . . . . ·· ·· ...... . ... . ·· ...... . . . ... ........ . . . . . . . . . . . . . . · · · · . . . . . · · · · · · · . . the same of the same . . © 2022 Tradeweb Markets LLC. All rights reserved. . . . . ·· · · . 1Q22 EARNINGS CONFERENCE CALL APRIL 28, 2022 Disclaimers The information in this presentation is current only as of its date and may have changed. We undertake no obligation to update this information in light ...
Tradeweb(TW) - 2022 Q1 - Earnings Call Transcript
2022-04-28 20:18
Financial Data and Key Metrics Changes - The company reported GAAP earnings per diluted share of $0.40, with adjusted net income per diluted share of $0.48, reflecting strong revenue growth [6][50] - Gross revenues reached a record $311 million, up 13.9% year-on-year on a reported basis and 15.9% on a constant currency basis [13][48] - Adjusted EBITDA margin increased to 51.6%, although it declined by 40 basis points compared to the first quarter of 2021 [13][50] Business Line Data and Key Metrics Changes - Record revenues were achieved across U.S. treasuries, European government bonds, global swaps, U.S. and European credit munis, global ETFs, and repo [11][12] - Rates and credit accounted for 46% and 31% of revenue growth, respectively, with rates posting a record quarter driven by global government bonds and swaps [14][15] - The retail business showed its strongest revenue growth since Q3 2019, indicating a recovery in this segment [12] Market Data and Key Metrics Changes - Average daily volume exceeded $1.1 trillion, up 11% year-on-year, with 12 product categories achieving quarterly records [47] - U.S. treasuries volumes increased by 30% year-on-year, with market share rising to 19.6% [17] - The swaps market saw a 25% increase in volume, with market share increasing to 12.7% [16][38] Company Strategy and Development Direction - The company is focused on expanding its multi-asset class trading capabilities and enhancing client engagement through innovative technology [27][42] - Continued investment in driving the adoption of early-stage institutional streaming protocols like Tradeweb Plus is a priority [18] - The transition to new leadership is expected to maintain the company's strategic direction while fostering innovation and client collaboration [25][86] Management's Comments on Operating Environment and Future Outlook - The management highlighted the impact of macroeconomic factors such as Fed tapering, global rate hikes, and inflation on trading volumes and market conditions [9][72] - There is optimism regarding continued growth in the rates business, supported by favorable market conditions and increased volatility [72][74] - The company remains committed to balancing revenue growth with margin expansion despite cost pressures [80][83] Other Important Information - The company ended the quarter with $828 million in cash and cash equivalents, and free cash flow reached nearly $511 million for the trailing 12 months [61] - A quarterly dividend of $0.08 per Class A and Class B share was declared [62] - The company plans to offset equity dilution through share repurchase programs [63] Q&A Session Summary Question: Volatility and Rates Business Comparison - Management discussed the challenges of comparing current market conditions to previous years, noting strong growth in the rates business despite uncertainties [71][72] Question: Credit Platform Performance - The credit platform has seen significant growth, with increased participation from institutional clients and innovations driving performance [76][78] Question: Operating Leverage and Expense Growth - Management emphasized the balance between investing for growth and margin expansion, with expectations for improved operating margins in 2022 [80][83] Question: CEO Transition and Competitive Environment - The new CEO expressed confidence in the company's strategic direction and the competitive landscape, highlighting ongoing innovations and client engagement [86][88] Question: Contract Renegotiation with Refinitiv - Management noted strong demand for data services and a favorable long-term partnership with Refinitiv, with proprietary data products also showing growth [91] Question: Retail Opportunity Contribution - The retail sector accounted for about 6% of revenues, showing signs of recovery, particularly in the middle market segment [93][94] Question: Direct Connectivity with Dealers - Management acknowledged the trend of buy-side firms seeking direct connectivity with dealers but expressed confidence in their competitive position and network [99][100]
Tradeweb(TW) - 2022 Q1 - Quarterly Report
2022-04-28 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38860 TRADEWEB MARKETS INC. (Exact name of registrant as specified in its charter) ___________________________________________ (State of other jurisdictio ...
Tradeweb(TW) - 2021 Q4 - Annual Report
2022-02-23 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38860 TRADEWEB MARKETS INC. (Exact name of registrant as specified in its charter) ___________________________________ ...
Tradeweb(TW) - 2021 Q4 - Earnings Call Transcript
2022-02-03 19:40
Tradeweb Markets Inc. (NASDAQ:TW) Q4 2021 Earnings Conference Call February 3, 2022 9:30 AM ET Company Participants Lee Olesky – Chief Executive Officer Ashley Serrao – Head, U.S. Corporate Development and IR Billy Hult – President Sara Furber – Incoming Chief Financial Officer Conference Call Participants Kyle Voigt – KBW Michael Cyprys – Morgan Stanley Richard Repetto – Piper Sandler Alexander Kramm – UBS Alexander Blostein – Goldman Sachs Daniel Fannon – Jefferies Brian Bedell – Deutsche Bank Operator Go ...