Tradeweb Markets (TW) reported Q3 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $287.1 million versus the consensus estimate of $286.91 million.
Updated Full-Year 2022 Guidance:
- Adjusted expenses: $620 - 640 million (old: $620 - 655 million)
- No change to other guidance:
- Acquisition and Refinitiv Transaction related depreciation and amortization expense: $127 million
- Assumed non-GAAP tax rate: ~22.0%
- Capital expenditures and capitalization of software development: $62 - 68 million
*GAAP operating expenses and tax rate guidance are not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement of foreign currency rates.