Tradeweb Markets (TW) Tops Q1 EPS by 6c, Revenues Beat

Tradeweb Markets (NASDAQ: TW) reported Q1 EPS of $0.37, $0.06 better than the analyst estimate of $0.31. Revenue for the quarter came in at $234.6 million versus the consensus estimate of $221.49 million.

Lee Olesky, CEO of Tradeweb Markets:

“As the human and economic impact of COVID-19 continues to be felt around the world, we remain focused on keeping our people safe, helping our clients find liquidity, and discovering new ways for markets to operate more efficiently. We see the long-term trend towards more electronic markets accelerating, which is reflected in both client behavior and record trading volumes. Our clients are interacting with Tradeweb in new ways, expanding their use of tools like portfolio trading and net-spotting, and demonstrating greater confidence in electronic trading and digital workflows. For many, and we hear this all the time, there’s simply no going back to the old way of doing things.”

For earnings history and earnings-related data on Tradeweb Markets (TW) click here.

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