Tradeweb Markets Inc. reported record revenues of $463.3 million for the fourth quarter of 2024, a 25.2% increase year-over-year, or 25.5% on a constant currency basis. The company's average daily volume (ADV) for the quarter was $2.3 trillion, up 36.7% from the prior year period, with records in U.S. government bonds, mortgages, and global repurchase agreements.
For the full year 2024, Tradeweb achieved its 25th consecutive year of record annual revenues, reaching $1.7 billion, a 29.0% increase from 2023. Net income for the year was $570.0 million, up 35.9%, and adjusted diluted EPS increased 29.2% to $2.92.
The company declared a quarterly cash dividend of $0.12 per share, marking a 20.0% increase year-over-year. Tradeweb also updated its Full-Year 2025 Adjusted Expense guidance to between $1.0 billion and $1.05 billion, reflecting accelerated investments in growth areas, while expecting Adjusted EBITDA margins to exceed 2024 levels with modest expansion.
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