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Tradeweb Markets's gross profit for the three months ended in Mar. 2024 was $266 Mil. Tradeweb Markets's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $929 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Tradeweb Markets's gross profit for the three months ended in Mar. 2024 was $266 Mil. Tradeweb Markets's Revenue for the three months ended in Mar. 2024 was $409 Mil. Therefore, Tradeweb Markets's Gross Margin % for the quarter that ended in Mar. 2024 was 64.99%.
Tradeweb Markets had a gross margin of 64.99% for the quarter that ended in Mar. 2024 => 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%.
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.
Tradeweb Markets Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Gross Profit | Get a 7-Day Free Trial | 446.11 | 543.00 | 669.19 | 756.36 | 877.91 |
Tradeweb Markets Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Profit | Get a 7-Day Free Trial | 214.76 | 206.69 | 212.34 | 244.13 | 265.65 |
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.
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.
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 Mar. 2024 is calculated as
Gross Profit (Q: Mar. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 408.739 | - | 143.087 | |
= | 266 |
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $929 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Tradeweb Markets's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as
Gross Margin % (Q: Mar. 2024 ) | = | Gross Profit (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 266 | / | 408.739 | |
= | 64.99 % |
* 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 64.99% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Thank you for viewing the detailed overview of Tradeweb Markets's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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