Tradeweb(US:TW)2024-04-26 06:32Financial Performance - Tradeweb's revenue for 1Q24 reached $409 million, a 24.1% increase year-over-year[207] - The average daily volume (ADV) in 1Q24 was $1.9 trillion, marking a 39.1% growth[207] - Adjusted EBITDA margin for 1Q24 was 53.7%, an increase of 141 basis points compared to 1Q23[207] - Adjusted diluted EPS for 1Q24 was $0.71, a 31.5% increase[207] Cash Flow - The company's cash flow from operating activities was $713.163 million for the Successor 1Q24 TTM[1] - Free cash flow was $650.846 million for the Successor 1Q24 TTM[1] Market Position and Growth - Tradeweb's global IRS market share is growing[139] - The company's share of the U S Treasuries market has increased from 11.6% in 2018 to 22.1% in 3M24[139] Market Opportunity - The total addressable market (TAM) for rates is $5.0 trillion, with Tradeweb holding a 25% share[134] - The total addressable market (TAM) for money markets is $3.7 trillion, with Tradeweb holding a 15% share[134]