Tradeweb Markets Cls A Reports Record Growth and Strategic Advances for 2024

### Tradeweb Markets Inc. Reports Record Growth and Strategic Advancements in 2024

Tradeweb Markets Inc., a leading global operator of electronic marketplaces, announces remarkable financial achievements for the fourth quarter and full year ending December 31, 2024. The company records quarterly revenues of $463.3 million, showcasing a 25.2% increase from the previous year, or 25.5% when adjusted for constant currency. The growth is significantly fueled by an average daily volume (ADV) that reaches $2.3 trillion, reflecting a 36.7% year-over-year increase. This surge in trading activity sets new records in U.S. government bonds, mortgages, and global repurchase agreements, while Tradeweb captures a notable 7.9% market share in fully electronic U.S. high yield TRACE.

During this period, Tradeweb achieves a net income of $159.9 million, a remarkable 54.2% increase compared to the same quarter last year. The adjusted net income also sees a significant rise of 19.2% to $181.2 million. The company's adjusted EBITDA margin stands at 52.8%, with adjusted EBITDA totaling $244.7 million, just slightly below the prior year's margin. In recognition of its strong performance, Tradeweb declares a quarterly cash dividend of $0.12 per share, reflecting a 20% increase from the previous year. This financial strength underlines the company’s commitment to delivering value to its shareholders.

CEO Billy Hult emphasizes the strategic initiatives that have driven Tradeweb's success, highlighting key partnerships, including collaborations with Goldman Sachs and the Tokyo Stock Exchange. Hult also notes the significance of celebrating milestones such as the ten-year anniversary of their U.S. Credit platform. The recent appointment of Enrico Bruni and Troy Dixon as Co-Heads of Global Markets is aimed at bolstering the company’s global presence and enhancing market strategies. As Tradeweb positions itself for continued growth in 2025, Hult expresses optimism about expanding market reach and reinforcing relationships with clients.

In addition to its impressive financial results, Tradeweb's focus on innovation and strategic partnerships positions it favorably within the competitive landscape of electronic marketplaces. The company’s resilience in navigating market conditions reflects its adaptability and commitment to meeting client needs. With forward-looking leadership and a robust operational framework, Tradeweb appears well-equipped to capitalize on emerging opportunities in the global trading environment as it transitions into the new year.