Tradeweb(US:TW)2025-07-30 13:30Financial Highlights - Tradeweb reported a revenue of $513 million, representing a 26.7% year-over-year increase or 24.7% on a constant currency basis[24] - Adjusted EBITDA margin was 54.2%, a 70 bps increase year-over-year or 101 bps on a constant currency basis[24] - Adjusted Net Income reached $206.1 million, a 23.7% increase year-over-year or 22.5% on a constant currency basis[24] - Adjusted Diluted EPS was $0.87, a 24.3% increase year-over-year or 21.4% on a constant currency basis[24] - International revenues totaled $215.2 million, a 40.8% increase year-over-year or 35.8% on a constant currency basis[24] Growth Initiatives - Global IRS (Interest Rate Swaps) average daily volume (ADV) share increased to 22.6% in 2Q25[32] - U S Treasuries ADV share increased to 21.6% in 2Q25[32] - U S Cash Credit share reached 10.7% in 2Q25[43] - Global ETFs (Institutional ADV) increased by 62% year-over-year[38] Capital Management and Guidance - The company has $1.6 billion in cash and cash equivalents as of June 30, 2025, along with an undrawn $500 million credit facility[75] - Trailing twelve months (TTM) Free Cash Flow (FCF) ended June 30, 2025, was $951.7 million, a 31.9% year-over-year increase[75]