Tradeweb (TW) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Tradeweb Markets (TW) reported revenue of $463.34 million for Q4 2024, marking a year-over-year increase of 25.2% and an EPS of$ 0.76 compared to $0.64 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Financial Performance - The reported revenue of$ 463.34 million surpassed the Zacks Consensus Estimate of $457.42 million, resulting in a surprise of +1.30% [1] - The EPS of$ 0.76 also exceeded the consensus estimate of $0.74, delivering a surprise of +2.70% [1] Key Metrics - Average Daily Volumes for Rates were$ 1,253.05 billion, below the estimated $1,310.33 billion [4] - Average Daily Volumes for Credit were$ 27.36 billion, compared to the estimated $30.13 billion [4] - Average Daily Volumes for Equities were$ 23.56 billion, slightly below the estimated $24.04 billion [4] - Average Daily Volumes for Money Markets were$ 988.08 billion, exceeding the estimated $977.82 billion [4] Revenue by Asset Class - Revenue from Rates - Variable was$ 175.41 million, slightly above the estimated $174.13 million, reflecting a +32.6% year-over-year change [4] - Revenue from Rates - Fixed was$ 64.79 million, exceeding the estimated $60.46 million, with an +8.9% year-over-year change [4] - Revenue from Credit - Variable was$ 103.38 million, below the estimated $108.56 million, showing a -21.8% year-over-year change [4] - Revenue from Equities - Variable was$ 26.47 million, above the estimated $24.99 million, representing an +11.8% year-over-year change [4] - Revenue from Other was$ 6.56 million, exceeding the estimated $5.90 million, with a +21.1% year-over-year change [4] - Revenue from Credit - Fixed was$ 10.20 million, surpassing the estimated $8.47 million, reflecting a +36.5% year-over-year change [4] - Revenue from Equities - Fixed was$ 2.28 million, below the estimated $2.39 million, indicating a -4.4% year-over-year change [4] - Revenue from Money Markets - Fixed was$ 4.23 million, slightly below the estimated $4.29 million, with a +1.7% year-over-year change [4] Stock Performance - Tradeweb shares have returned -6.6% over the past month, while the Zacks S&P 500 composite has increased by +2.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]