Tradeweb Markets (TW) reported Q4 EPS of $0.49, $0.03 better than the analyst estimate of $0.46. Revenue for the quarter came in at $293 million versus the consensus estimate of $293.26 million.
Full-Year 2023 Guidance:
- Adjusted Expenses: $669 - 714 million
- Acquisition and Refinitiv Transaction related depreciation and amortization expense: $127 million
- Assumed non-GAAP tax rate: ~24 - 25%
- Cash costs of capital expenditures and capitalized software development: $56 - 62 million