Tradeweb Reports Second Quarter 2025 Financial Results

Tradeweb Markets Inc. announced the distribution of a quarterly dividend on September 16, 2025, to shareholders of record on September 2, 2025. This payment aligns with the company's ongoing commitment to delivering value to its stakeholders amid a dynamic financial landscape.

Updated Full-Year Guidance for 2025

Tradeweb has revised its financial guidance for 2025, reflecting the strength of its business and its strategic focus on long-term growth. The company now anticipates adjusted expenses ranging from $1,000 million to $1,050 million, with expectations leaning toward the middle of this range.

A portion of these costs will be attributable to depreciation and amortization related to the Acquisition and Refinitiv Transaction, which is estimated at $176 million.

The assumed non-GAAP tax rate for the year remains between 24.5% and 25.5%, consistent with previous estimates. Meanwhile, the company expects cash capital expenditures and capitalized software development to total between $99 million and $109 million. Additionally, revenue from the LSEG Market Data Contract is projected at approximately $90 million.

Notably, the updated guidance accounts for higher-than-anticipated expenses due to increased investment in growth initiatives, with no changes made to depreciation, tax rate, capital spending, or LSEG contract revenue assumptions from the prior quarter. GAAP operating expenses and tax rate guidance are not included due to the uncertainty surrounding certain variables, such as foreign currency fluctuations. The guidance assumes an average 2025 Sterling/US$ exchange rate of 1.28.

Conference Call Details

Tradeweb is set to host a conference call on July 30, 2025, at 9:30 AM EDT, to discuss the second quarter 2025 financial results. The call will be available via a live audio webcast at investors.tradeweb.com, with a direct link to the webcast at
edge.media-server.com/mmc/p/8d5ghru6. Those wishing to join by phone must register in advance at
register-conf.media-server.com/register/BI18aec58059fb4fe6b48dbae5a8db94e6, where they will receive a confirmation email with a unique PIN.

A recording of the call will be made available afterward on the company’s investor relations website. This communication serves as a direct channel to stakeholders, providing insights into Tradeweb’s operational performance and strategic direction.

About Tradeweb Markets

Founded in 1996, Tradeweb Markets Inc. is a global leader in electronic marketplaces for rates, credit, equities, and money markets. The company offers clients access to a wide range of financial instruments, supported by electronic trading, data analytics, and advanced workflow technologies. With over 3,000 clients in more than 85 countries, Tradeweb has facilitated more than $2.4 trillion in notional daily trading volume on average over the past four quarters. The firm remains focused on enhancing market transparency, reducing operational risks, and expanding its product offerings to meet the evolving demands of global institutional markets.