Tradeweb Results Presentation Deck
12
Adjusted Expenses¹ Detail (s in thousands)
2Q22 ADJUSTED EXPENSES INCREASED 9.9% (12.6% CC y/y)²
Adjusted Expenses
Employee compensation and benefits a
Depreciation and amortization b
Technology and communications
General and administrative C
Professional fees d
Occupancy
Total adjusted non-compensation expenses
Total Adjusted Expenses
2Q22
©2022 Tradeweb Markets LLC. All rights reserved.
102,595 $
13,009
16,034
10,667
8,560
3,661
51,931
154,526
$
2Q21
95,646
11,627
13,957
8,319
7,402
3,618
44,923
140,569
%A
2Q22 vs 2Q21
7.3 %
11.9 %
14.9 %
28.2 %
15.6 %
1.2 %
15.6 %
9.9%
0000
Tradeweb
%A Constant Currency
2Q22 vs 2Q21
9.2 %
13.2 %
15.7%
44.8%
18.4%
5.1 %
19.8 %
12.6%
1. Adjusted Expenses is a non-GAAP financial measure. See "Appendix" for a reconciliation to its most comparable GAAP financial measure.
a. Adjusted to exclude: Non-cash stock-based compensation expense associated with the Special Option Award and post-IPO options awarded in 2019 and the payroll taxes associated with exercises of such options during the applicable
period; Non-cash accelerated stock-based compensation expense associated with our former CFO and our retiring CEO and related payroll taxes. See "Appendix" for additional information.
b. Adjusted to exclude acquisition and Refinitiv Transaction related depreciation and amortization. See "Appendix" for additional information.
c. Adjusted to exclude unrealized gains/losses from outstanding foreign exchange forward contracts and gains and losses from the revaluation of foreign denominated cash. See "Appendix" for additional information.
d. Adjusted to exclude transaction and other costs related to the NFI Acquisition, which closed in June 2021. See "Appendix" for additional information.
2. Growth information presented on a "constant currency" basis reflects growth for the period excluding the impact of foreign currency fluctuations. See "Disclaimers - Non-GAAP Financial Measures" for more information.View entire presentation