Tradeweb Markets (TW) Tops Q2 EPS by 1c, provides guidance

Tradeweb Markets (NASDAQ: TW) reported Q2 EPS of $0.70, $0.01 better than the analyst estimate of $0.69. Revenue for the quarter came in at $405 million versus the consensus estimate of $403.83 million.

Updated Full-Year 2024 Guidance

Adjusted Expenses: $830 - 860 million
Acquisition and Refinitiv Transaction related depreciation and amortization expense: $158 million
Assumed non-GAAP tax rate: ~ 24.5% - 25.5%
Cash capital expenditures and capitalized software development: $77 - 85 million
LSEG Market Data Contract Revenue: ~$80 million (~$90 million in 2025)

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

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