Tradeweb Markets (TW) Tops Q1 EPS by 1c, Revenues Beat

Tradeweb Markets (NASDAQ: TW) reported Q1 EPS of $0.43, $0.01 better than the analyst estimate of $0.42. Revenue for the quarter came in at $273.4 million versus the consensus estimate of $269.4 million.

Lee Olesky, CEO of Tradeweb Markets:

“Tradeweb experienced sustained momentum throughout the first quarter of 2021 thanks in part to stronger client engagement, changing user behaviors and accelerated trends in electronic trading adoption and innovation. We averaged more than $1 trillion per day in trading volume during each of these three months, which was especially remarkable given the quarter’s relatively subdued volatility. Our first quarter’s record volume was driven by changing behaviors, which we believe will continue to fuel our growth over the long term.”

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

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