10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-010595`
Period End Date	20190930
Filing Date	20191108
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	tw-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 82 Cash Flow Statement 81 Stockholders Equity 55 Comprehensive Income 14

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$410.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$389.93M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.20M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.20M	USD	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$174.59M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$747.66M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$11.43M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$12.10M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$95.40M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$87.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$38.13M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$36.88M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$29.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$173.07M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$170.58M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.31B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.38B	USD	Point-in-time
Goodwill	`Goodwill`	$2.69B	USD	Point-in-time
Goodwill	`Goodwill`	$2.69B	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$3.52M	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$3.24M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$103.15M	USD	Point-in-time
Other assets	`OtherAssets`	$25.03M	USD	Point-in-time
Other assets	`OtherAssets`	$29.65M	USD	Point-in-time
Total assets	`Assets`	$5.00B	USD	Point-in-time
Total assets	`Assets`	$5.62B	USD	Point-in-time
Securities sold under agreements to repurchase	`SecuritiesSoldUnderAgreementsToRepurchase`	$24.94M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$713.02M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$171.21M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$120.16M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$94.65M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$27.88M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$28.56M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$42.55M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$44.65M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$24.19M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$714.00K	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$33.13M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$5.01M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$3.74M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$19.63M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$20.62M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$171.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.14B	USD	Point-in-time
Total liabilities	`Liabilities`	$410.63M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class C Shares and Class P(C) Shares	`TemporaryEquityCarryingAmountAttributableToParent`	$14.18M	USD	Point-in-time
Members capital	`MembersCapital`	$4.57B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.86B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-866.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.57M	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc./members' capital	`StockholdersEquity`	$2.87B	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc./members' capital	`StockholdersEquity`	$4.57B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.61B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.49B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Total liabilities and stockholders' equity/members' capital	`LiabilitiesAndStockholdersEquity`	$5.62B	USD	Point-in-time
Total liabilities and stockholders' equity/members' capital	`LiabilitiesAndStockholdersEquity`	$5.00B	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$578.26M	USD	3 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$505.77M	USD	3 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$165.25M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$200.98M	USD	1 Quarter
Contingent consideration	`ContingentConsiderationRelatedParties`	$-2.54M	USD	1 Quarter
Contingent consideration	`ContingentConsiderationRelatedParties`	$26.83M	USD	3 Qtrs
Net revenue	`Revenues`	$578.26M	USD	3 Qtrs
Net revenue	`Revenues`	$478.94M	USD	3 Qtrs
Net revenue	`Revenues`	$167.79M	USD	1 Quarter
Net revenue	`Revenues`	$200.98M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$209.05M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$252.91M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$69.08M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$79.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.81M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$102.93M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$16.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.13M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$9.53M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$26.60M	USD	3 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$9.11M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$29.09M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$23.06M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$25.96M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$7.51M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$9.39M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.55M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$20.98M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$20.36M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.27M	USD	1 Quarter
Occupancy	`OccupancyNet`	$10.90M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$3.64M	USD	1 Quarter
Occupancy	`OccupancyNet`	$10.73M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$3.49M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$114.97M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$142.72M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$442.77M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$338.61M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$140.33M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$52.82M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$135.49M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$58.26M	USD	1 Quarter
Net interest income	`InvestmentIncomeInterest`	$673.00K	USD	1 Quarter
Net interest income	`InvestmentIncomeInterest`	$1.67M	USD	3 Qtrs
Net interest income	`InvestmentIncomeInterest`	$1.73M	USD	3 Qtrs
Net interest income	`InvestmentIncomeInterest`	$636.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$137.16M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.89M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.49M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$142.06M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.41M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.32M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.90M	USD	3 Qtrs
Net income	`ProfitLoss`	$130.16M	USD	3 Qtrs
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$38.90M	USD	1 Quarter
Net income	`ProfitLoss`	$45.95M	USD	1 Quarter
Net income	`ProfitLoss`	$48.58M	USD	1 Quarter
Net income	`ProfitLoss`	$115.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$45.31M	USD	1 Quarter
Less: Pre-IPO net income attributable to Tradeweb Markets LLC	`NetIncomeLossAttributableToLimitedLiabilityCompany`	$42.35M	USD	3 Qtrs
Net income attributable to Tradeweb Markets Inc. and non-controlling interests	`ProfitLossAfterPreIpo`	$73.39M	USD	3 Qtrs
Net income attributable to Tradeweb Markets Inc. and non-controlling interests	`ProfitLossAfterPreIpo`	$48.58M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$30.95M	USD	3 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$18.97M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$42.44M	USD	3 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$29.61M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$42.44M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.30	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.30	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.28	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.28	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	142.93M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	142.94M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	142.93M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	151.36M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	151.16M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	151.16M	shares	3 Qtrs

Cash Flow Statement 81 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$410.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$389.93M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.20M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.20M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$391.13M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$351.38M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.80M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
Net income	`ProfitLoss`	$130.16M	USD	3 Qtrs
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$38.90M	USD	1 Quarter
Net income	`ProfitLoss`	$45.95M	USD	1 Quarter
Net income	`ProfitLoss`	$48.58M	USD	1 Quarter
Net income	`ProfitLoss`	$115.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$45.31M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.81M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$102.93M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$16.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.13M	USD	1 Quarter
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$26.83M	USD	3 Qtrs
Vesting of P-1('C) Shares	`VestingOfShares`	$5.73M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$41.09M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-9.02M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.60M	USD	3 Qtrs
Receivable from brokers and dealers and clearing organizations	`IncreaseDecreaseInBrokerageReceivables`	$573.07M	USD	3 Qtrs
Receivable from brokers and dealers and clearing organizations	`IncreaseDecreaseInBrokerageReceivables`	$318.00K	USD	3 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$679.00K	USD	3 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-726.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.42M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.43M	USD	3 Qtrs
Receivable from affiliates	`IncreaseDecreaseDueFromAffiliates`	$271.00K	USD	3 Qtrs
Receivable from affiliates	`IncreaseDecreaseDueFromAffiliates`	$2.53M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.24M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.37M	USD	3 Qtrs
Securities sold under agreements to repurchase	`IncreaseDecreaseInPayablesUnderRepurchaseAgreements`	$24.94M	USD	3 Qtrs
Payable to brokers and dealers and clearing organizations	`IncreaseDecreaseInPayablesToBrokerDealers`	$541.81M	USD	3 Qtrs
Payable to brokers and dealers and clearing organizations	`IncreaseDecreaseInPayablesToBrokerDealers`	$-4.32M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-25.14M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.57M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$682.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.40M	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.79M	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.61M	USD	3 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-16.75M	USD	3 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$2.90M	USD	3 Qtrs
Payable to affiliates	`IncreaseDecreaseInDueToAffiliates`	$684.00K	USD	3 Qtrs
Payable to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-749.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$164.83M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$190.47M	USD	3 Qtrs
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.57M	USD	3 Qtrs
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.33M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$21.20M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$19.52M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.77M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.85M	USD	3 Qtrs
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	$139.35M	USD	3 Qtrs
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	$120.00M	USD	3 Qtrs
Proceeds from issuance of Class A common stock in the IPO, net of underwriting discounts	`ProceedsFromIssuanceOfCommonStock`	$1.16B	USD	3 Qtrs
Purchase of LLC Interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$1.16B	USD	3 Qtrs
Offering costs from issuance of Class A common stock in the IPO	`PaymentsOfStockIssuanceCosts`	$12.31M	USD	3 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$22.87M	USD	3 Qtrs
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$23.68M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-139.35M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-178.86M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.04M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.02M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-20.17M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.42M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$391.13M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$351.38M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.80M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$391.13M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$351.38M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.80M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$30.29M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$5.50M	USD	3 Qtrs
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$103.15M	USD	Point-in-time
Vesting of contingent consideration	`VestingOfContingentConsiderationVested`	$150.50M	USD	1 Quarter

Stockholders Equity 55 line items

Line Item	Tag	Value	Unit	Period
Dividends	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Members' capital beginning of period	`MembersEquity`	$1.13B	USD	Point-in-time
Members' capital beginning of period	`MembersEquity`	$1.01B	USD	Point-in-time
Members' capital beginning of period	`MembersEquity`	$986.47M	USD	Point-in-time
Members' capital beginning of period	`MembersEquity`	$988.62M	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.49B	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Adjustment to Class C Shares and Class P shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$-456.00K	USD	1 Quarter
Adjustment to Class C Shares and Class P shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$2.37M	USD	1 Quarter
Effect of the reorganization transactions	`EffectOfReorganizationTransactions`	$23.27M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-15.85M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from the reorganization transactions and IPO	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$78.23M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$11.77M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$11.91M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$11.44M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$11.44M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$20.00M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$55.00M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$59.35M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$25.00M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$100.00M	USD	1 Quarter
Stock-based compensation	`LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation`	$4.67M	USD	1 Quarter
Share-based compensation expense under the PRSU Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$7.14M	USD	1 Quarter
Share-based compensation expense under the PRSU Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$6.76M	USD	1 Quarter
Share-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$20.40M	USD	1 Quarter
Share-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.00M	USD	1 Quarter
Net income	`ProfitLoss`	$130.16M	USD	3 Qtrs
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$38.90M	USD	1 Quarter
Net income	`ProfitLoss`	$45.95M	USD	1 Quarter
Net income	`ProfitLoss`	$48.58M	USD	1 Quarter
Net income	`ProfitLoss`	$115.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$45.31M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$988.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.07M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.01M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.93M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.99M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.01M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$44.95M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.28M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$40.46M	USD	3 Qtrs
Vesting of contingent consideration	`VestingOfContingentConsiderationVested`	$150.50M	USD	1 Quarter
Members' capital end of period	`MembersEquity`	$1.13B	USD	Point-in-time
Members' capital end of period	`MembersEquity`	$1.01B	USD	Point-in-time
Members' capital end of period	`MembersEquity`	$986.47M	USD	Point-in-time
Members' capital end of period	`MembersEquity`	$988.62M	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.49B	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to Tradeweb Markets	`NetIncomeLoss`	$42.44M	USD	3 Qtrs
Net income attributable to Tradeweb Markets	`NetIncomeLoss`	$29.61M	USD	1 Quarter
Net income attributable to Tradeweb Markets	`NetIncomeLoss`	$42.44M	USD	3 Qtrs
Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.98M	USD	3 Qtrs
Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.33M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$44.95M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.28M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$40.46M	USD	3 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$30.95M	USD	3 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$18.97M	USD	1 Quarter
Foreign currency translation adjustments attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-737.00K	USD	1 Quarter
Foreign currency translation adjustments attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.10M	USD	3 Qtrs
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.86M	USD	3 Qtrs
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$18.23M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.