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Tradeweb Markets (Tradeweb Markets) Gross Profit

: $878 Mil (TTM As of Dec. 2023)
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Tradeweb Markets's gross profit for the three months ended in Dec. 2023 was $244 Mil. Tradeweb Markets's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $878 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Tradeweb Markets's gross profit for the three months ended in Dec. 2023 was $244 Mil. Tradeweb Markets's Revenue for the three months ended in Dec. 2023 was $370 Mil. Therefore, Tradeweb Markets's Gross Margin % for the quarter that ended in Dec. 2023 was 65.98%.

Tradeweb Markets had a gross margin of 65.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 8 years, the highest Gross Margin % of Tradeweb Markets was 65.60%. The lowest was 50.65%. And the median was 59.18%.


Tradeweb Markets Gross Profit Historical Data

The historical data trend for Tradeweb Markets's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tradeweb Markets Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Premium Member Only Premium Member Only Premium Member Only 446.11 543.00 669.19 756.36 877.91

Tradeweb Markets Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 191.22 214.76 206.69 212.34 244.13

Competitive Comparison

For the Capital Markets subindustry, Tradeweb Markets's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tradeweb Markets Gross Profit Distribution

For the Capital Markets industry and Financial Services sector, Tradeweb Markets's Gross Profit distribution charts can be found below:

* The bar in red indicates where Tradeweb Markets's Gross Profit falls into.



Tradeweb Markets Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Tradeweb Markets's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=1338.219 - 460.305
=878

Tradeweb Markets's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=370 - 125.872
=244

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $878 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Tradeweb Markets's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=244 / 370
=65.98 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Tradeweb Markets  (NAS:TW) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Tradeweb Markets had a gross margin of 65.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Tradeweb Markets Gross Profit Related Terms

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Tradeweb Markets (Tradeweb Markets) Business Description

Traded in Other Exchanges
Address
1177 Avenue of the Americas, New York, NY, USA, 10036
Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in U.S. and European government debt, mortgage-backed securities, interest-rate swaps, and U.S. and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv's Eikon service.
Executives
William Hult director, officer: President TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Douglas Friedman officer: General Counsel and Secretary TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Scott Zucker officer: Chief Admin. and Risk Officer TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Enrico Bruni officer: Managing Director, Europe/Asia TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Justin Peterson officer: Chief Technology Officer TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Rana Yared director 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Catherine Johnson director 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tradeweb Markets Inc. director 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven Berns director TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Sara Furber officer: Chief Financial Officer MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVE, NEW YORK NY 10036
Lee Olesky director, officer: Chief Executive Officer TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Troy Dixon director PO BOX 25250, PMB 13941, MIAMI FL 33102
Jacques Aigrain director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Simon Maisey officer: Managing Director, Corp. Dev. TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Balbir Bakhshi director 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036