Tradeweb’s Q2 net income jumps 25% to $101.9 million

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/10/Tradeweb-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tradeweb" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/10/Tradeweb-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/10/Tradeweb-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/10/Tradeweb-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/10/Tradeweb-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/10/Tradeweb-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/10/Tradeweb-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/10/Tradeweb.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Net income for the period came in at $101.9 million and at $123.7 million on adjusted basis. Both numbers marked a rise on yearly basis of 24.9% and 10.8%, respectively.</p>
<p>In Q2 2023, adjusted EBITDA margin stood at 52.5% and adjusted EBITDA for the quarter was $163.1 million. In comparison, for the same period during the prior year, these numbers were 52.4% and $155.6 million respectively.</p>
<p>Tradeweb also reported $0.42 diluted earnings per share for the latest quarter and $0.52 adjusted diluted earnings per share.  The company declared $0.09 per share quarterly cash dividend and $7.6 million of shares repurchased.</p>
<p>Billy Hult, CEO of Tradeweb:</p>
<div><img aria-describedby="caption-attachment-447879" decoding="async" class=" wp-image-447879" src="https://www.leaprate.com/wp-content/uploads/2023/01/Billy-Hult-e1675348623743.jpg" alt="Billy Hult, Tradeweb" width="115" height="115" srcset="https://www.leaprate.com/wp-content/uploads/2023/01/Billy-Hult-e1675348623743.jpg 453w, https://www.leaprate.com/wp-content/uploads/2023/01/Billy-Hult-e1675348623743-250×250.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/01/Billy-Hult-e1675348623743-150×150.jpg 150w, https://www.leaprate.com/wp-content/uploads/2023/01/Billy-Hult-e1675348623743-120×120.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/01/Billy-Hult-e1675348623743-245×245.jpg 245w" sizes="(max-width: 115px) 100vw, 115px" /><p>Billy Hult</p></div>
<blockquote><p>Market conditions steadily improved during the second quarter, with our business performing well against a backdrop of mixed markets. We produced double digit revenue growth across global government bonds, U.S. and European Credit, equity derivatives, and money markets.</p></blockquote>
<p>Earlier in May, <a href="https://www.leaprate.com/tag/tradeweb/" target="_blank" rel="noopener">Tradeweb</a> signed an agreement to acquire <a href="https://www.leaprate.com/forex/institutional/tradeweb-acquires-yieldbroker-in-a-a125-million-deal/" target="_blank" rel="noopener">Yieldbroker</a>, an Australian trading platform for Australian and New Zealand government bonds and interest rate derivatives for A$125 million.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/brokers/tradewebs-q2-net-income-jumps-25-to-101-9-million/">Tradeweb’s Q2 net income jumps 25% to $101.9 million</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>