NASDAQ$TW
Tradeweb Markets Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Tradeweb's Q4 2022 financial results were reported, highlighted by revenue growth and increased net income.
Tradeweb reported a 5.8% increase in quarterly revenues, reaching $293.0 million, and a 65.0% increase in net income to $99.0 million. Adjusted net income increased by 17.2% to $116.9 million, with an adjusted EBITDA margin of 52.8%. The company's diluted EPS was $0.42, and adjusted diluted EPS was $0.49. A quarterly cash dividend of $0.09 per share was declared, representing a 12.5% increase.
- Quarterly revenues increased by 5.8% to $293.0 million, or 9.3% on a constant currency basis.
- Net income for the quarter increased by 65.0% to $99.0 million.
- Adjusted EBITDA margin was 52.8%, with adjusted EBITDA reaching $154.7 million.
- Diluted EPS was $0.42, and adjusted diluted EPS was $0.49.
Headline financials
Revenue & EPS history
Tradeweb · Revenue · Quarterly
$293M
Revenue by segment
Tradeweb · $293M total across 6 segments · Q4 2022
- Rates$145M-0.8%49.6%
- Credit$83.4M+13.3%28.5%
- Equities$23M+25.3%7.8%
- Market Data$22.3M+3.0%7.6%
- Money Markets$13.3M+21.8%4.5%
- Other$5.74M-1.4%2.0%
Forward guidance
Tradeweb provided full-year 2023 guidance, including adjusted expenses, acquisition and Refinitiv transaction-related depreciation and amortization expense, assumed non-GAAP tax rate, and cash costs of capital expenditures and capitalized software development.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2022
+1.2%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+4.8%
Avg return
30 days after
60%
18 / 30 earnings
Positive
+10.8%
Q2 2023
Best reaction
-8.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +5.2% | +0.1% | -10.9% | |
| Q4 2025 | +8.6% | +15.8% | +23.6% | |
| Q3 2025 | -1.2% | -0.6% | +3.2% | |
| Q1 2025 | +0.7% | +5.0% | +5.1% | |
| Q4 2024 | -1.4% | -0.6% | +6.4% | |
| Q3 2024 | -3.4% | -3.3% | +3.1% | |
| Q2 2024 | -1.2% | +1.9% | +8.6% | |
| Q1 2024 | -1.1% | -1.2% | +9.0% | |
| Q4 2023 | +2.1% | +5.2% | +6.4% | |
| Q3 2023 | +5.2% | +7.9% | +14.4% | |
| Q2 2023 | +10.8% | +9.0% | +14.3% | |
| Q1 2023 | +1.0% | +1.2% | -1.0% | |
| Q4 2022 | -4.8% | -1.2% | -1.4% | |
| Q3 2022 | +3.6% | +3.6% | +8.2% | |
| Q2 2022 | +0.7% | +3.2% | -4.3% | |
| Q1 2022 | -8.5% | -11.4% | -11.4% | |
| Q4 2021 | -0.1% | +1.0% | +4.0% | |
| Q3 2021 | +2.3% | +5.0% | +10.2% | |
| Q2 2021 | -0.5% | +0.4% | +2.1% | |
| Q1 2021 | +2.2% | +2.3% | +5.4% | |
| Q4 2020 | +1.0% | +5.1% | +11.7% | |
| Q3 2020 | -6.5% | -5.7% | +0.1% | |
| Q2 2020 | -1.0% | -0.7% | +4.6% | |
| Q1 2020 | +8.8% | +9.9% | +16.3% | |
| Q4 2019 | +2.5% | +7.1% | -6.0% | |
| Q4 2018 | +3.4% | +4.5% | +9.5% | |
| Q3 2018 | +3.4% | +4.5% | +9.5% | |
| Q3 2019 | +5.2% | +6.1% | +11.9% | |
| Q2 2019 | -1.4% | -0.8% | -8.4% | |
| Q1 2019 | +0.4% | +2.2% | -0.6% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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