Tradeweb Markets Sees 23% Jump in Q2 Revenue
Tradeweb Markets Inc. (Tradeweb), the leading fixed income, derivatives and ETF electronic trading platform, has posted its financial results for Q2 2021, revealing a solid growth across all key metrics.
Tradeweb's revenue in the second quarter of 2021 increased by 23 percent to $260.8 million compared to the same period last year. The company generated a net income of $66.2 million in Q2 2021, which is up 56.2 percent compared to Q2 2020. The adjusted net income rised by 32.9 percent to $93.6 million.
Additionally, the EBITDA margin came in at 50.6 percent, compared to 47.8 percent in the previous year. The adjusted figure came in at $131.9 million. The diluted earnings per share (EPS) stood at $0.27.
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Tradeweb CEO, Lee Olesky said: "Broadening client choice was an important theme this quarter in both credit and rates. Our clients utilized a wider range of electronic trading tools and protocols in credit including RFQ, Tradeweb AllTrade and Portfolio Trading — further evidence that electronic trading activity continues to grow in terms of both volume and sophistication."
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