--- title: Tradeweb Q2 Revenue Increases 23% description: Expanding client choice in credit and rates was a primary theme for the quarter, CEO Lee Olesky said. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/investors-increase-interest-commodities-950-May-12-2022-09-31-18-93-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/tradeweb-q2-revenue-increases-23#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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Our clients utilized a wider range of electronic trading tools and protocols in credit including RFQ, Tradeweb AllTrade and Portfolio Trading – further evidence that electronic trading activity continues to grow in terms of both volume and sophistication. With the acquisition of the Nasdaq Fixed Income platform completed in June, clients trading wholesale U.S. Treasuries have more choice between our popular stream s protocol and the new central limit order book. From a broader Tradeweb perspective, this acquisition is a great opportunity and we believe it positions us well to drive additional shareholder value.”* Other highlights: - **$976.9 billion** average daily volume (“ADV”) for the quarter, an increase of **25.5%** compared to prior year period with new ADV records in U.S. High Yield credit and Repurchase Agreements. - In U.S. credit, Tradeweb set new records for its share of fully electronic TRACE volume: High Grade was **12.1%** up from 5.8% in the prior year period and High Yield was **4.8%**, up from 1.5% over prior year period - **$66.2 million** net income and **$93.6 million** adjusted net income for the quarter, increases of **56.2%**, and **32.9%** respectively from prior year period - **50.6%**adjusted EBITDA margin or **$131.9 million** adjusted EBITDA for the quarter, compared to 47.8% or $101.3 million respectively for prior year period - **$0.27** diluted earnings per share (“Diluted EPS”) for the quarter and **$0.39** adjusted diluted earnings per share - **$0.08** per share quarterly cash dividend declared; **$51.7 million** of shares repurchased Source: Tradeweb [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/tradeweb-q2-revenue-increases-23) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/tradeweb-q2-revenue-increases-23) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/tradeweb-q2-revenue-increases-23) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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