10-K Filing

TRADEWEB MARKETS INC. CIK: 1758730 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001558370-20-001170`
Period End Date	20191231
Filing Date	20200221
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	tw-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 73 Cash Flow Statement 130 Stockholders Equity 52 Comprehensive Income 9

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$410.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$460.71M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.20M	USD	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$30.64M	USD	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$174.59M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$9.72M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$11.43M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$92.81M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$87.19M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$40.41M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$38.13M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.50M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$173.09M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$170.58M	USD	Point-in-time
Goodwill	`Goodwill`	$2.69B	USD	Point-in-time
Goodwill	`Goodwill`	$2.69B	USD	Point-in-time
Goodwill	`Goodwill`	$2.69B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.38B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.28B	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$2.52M	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$3.24M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$256.45M	USD	Point-in-time
Other assets	`OtherAssets`	$27.24M	USD	Point-in-time
Other assets	`OtherAssets`	$25.03M	USD	Point-in-time
Total assets	`Assets`	$5.10B	USD	Point-in-time
Total assets	`Assets`	$5.00B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$171.21M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$30.45M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$120.16M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$119.42M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$23.99M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$27.88M	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`	$32.83M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$24.19M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$1.05M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$30.95M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$5.01M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$1.51M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$21.57M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$19.63M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$240.82M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$171.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$410.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$502.59M	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
Preferred stock, $.00001 par value; 250,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.00001 par value; 250,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.33B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.37M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-866.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.83M	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc./members' capital	`StockholdersEquity`	$4.57B	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc./members' capital	`StockholdersEquity`	$3.38B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.21B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Total liabilities and stockholders' equity/members' capital	`LiabilitiesAndStockholdersEquity`	$5.10B	USD	Point-in-time
Total liabilities and stockholders' equity/members' capital	`LiabilitiesAndStockholdersEquity`	$5.00B	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$562.97M	USD	Annual
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$505.77M	USD	3 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$775.57M	USD	Annual
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$178.64M	USD	1 Quarter
Net revenue	`Revenues`	$178.64M	USD	1 Quarter
Net revenue	`Revenues`	$478.94M	USD	3 Qtrs
Net revenue	`Revenues`	$504.45M	USD	Annual
Net revenue	`Revenues`	$775.57M	USD	Annual
Employee compensation and benefits	`LaborAndRelatedExpense`	$248.96M	USD	Annual
Employee compensation and benefits	`LaborAndRelatedExpense`	$209.05M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$80.44M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$329.46M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$33.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$68.61M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$139.33M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$48.81M	USD	3 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$26.60M	USD	3 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$30.01M	USD	Annual
Technology and communications	`CommunicationsAndInformationTechnology`	$9.91M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$39.28M	USD	Annual
General and administrative	`OtherGeneralAndAdministrativeExpense`	$33.97M	USD	Annual
General and administrative	`OtherGeneralAndAdministrativeExpense`	$23.06M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$11.84M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$34.96M	USD	Annual
Professional fees	`ProfessionalFees`	$19.35M	USD	Annual
Professional fees	`ProfessionalFees`	$28.03M	USD	Annual
Professional fees	`ProfessionalFees`	$8.19M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$20.36M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$10.73M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$14.44M	USD	Annual
Occupancy	`OccupancyNet`	$3.31M	USD	1 Quarter
Occupancy	`OccupancyNet`	$14.69M	USD	Annual
Total expenses	`CostsAndExpenses`	$146.70M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$585.75M	USD	Annual
Total expenses	`CostsAndExpenses`	$338.61M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$415.36M	USD	Annual
Operating income	`OperatingIncomeLoss`	$31.93M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$89.09M	USD	Annual
Operating income	`OperatingIncomeLoss`	$189.82M	USD	Annual
Operating income	`OperatingIncomeLoss`	$140.33M	USD	3 Qtrs
Tax receivable agreement liability adjustment	`TaxReceivableAgreementLiabilityAdjustment`	$33.13M	USD	Annual
Net interest income	`InvestmentIncomeInterest`	$2.37M	USD	Annual
Net interest income	`InvestmentIncomeInterest`	$787.00K	USD	1 Quarter
Net interest income	`InvestmentIncomeInterest`	$685.00K	USD	Annual
Net interest income	`InvestmentIncomeInterest`	$1.73M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$89.78M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$225.33M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$142.06M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.30M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.13M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.90M	USD	3 Qtrs
Net income	`ProfitLoss`	$130.16M	USD	3 Qtrs
Net income	`ProfitLoss`	$83.65M	USD	Annual
Net income	`ProfitLoss`	$130.67M	USD	3 Qtrs
Net income	`ProfitLoss`	$173.02M	USD	Annual
Net income	`ProfitLoss`	$29.31M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Less: Pre-IPO net income attributable to Tradeweb Markets LLC	`NetIncomeLossAttributableToLimitedLiabilityCompany`	$83.77M	USD	Annual
Net income attributable to Tradeweb Markets Inc. and non-controlling interests	`ProfitLossAfterPreIpo`	$130.67M	USD	Annual
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$46.90M	USD	Annual
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$83.77M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.57	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.54	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	222.22M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	215.37M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	148.01M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	215.57M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	156.54M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	215.57M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	215.37M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	222.24M	shares	1 Quarter

Cash Flow Statement 130 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$410.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$460.71M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$351.38M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.80M	USD	Point-in-time
Net income	`ProfitLoss`	$130.16M	USD	3 Qtrs
Net income	`ProfitLoss`	$83.65M	USD	Annual
Net income	`ProfitLoss`	$130.67M	USD	3 Qtrs
Net income	`ProfitLoss`	$173.02M	USD	Annual
Net income	`ProfitLoss`	$29.31M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$68.61M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$139.33M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$48.81M	USD	3 Qtrs
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$26.83M	USD	3 Qtrs
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$58.52M	USD	Annual
Vesting of P-1 (C) Shares	`VestingOfShares`	$5.73M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$49.82M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$968.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$15.02M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.60M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-950.00K	USD	Annual
Tax receivable agreement liability adjustment	`TaxReceivableAgreementLiabilityAdjustment`	$33.13M	USD	Annual
Receivable from/Payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$2.00K	USD	Annual
Receivable from/Payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$-1.26M	USD	1 Quarter
Receivable from/Payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$-3.19M	USD	Annual
Receivable from/Payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$4.64M	USD	3 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-1.79M	USD	Annual
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-606.00K	USD	Annual
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$2.25M	USD	1 Quarter
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-726.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.43M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.28M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.20M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.09M	USD	1 Quarter
Receivable from/Payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$1.85M	USD	3 Qtrs
Receivable from/Payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$135.00K	USD	Annual
Receivable from/Payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$1.10M	USD	1 Quarter
Receivable from/Payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$2.46M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.70M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.72M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.65M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.37M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.57M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$12.36M	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$38.37M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.78M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.40M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.90M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-12.55M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-396.00K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$639.00K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.55M	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.79M	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.83M	USD	Annual
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$2.38M	USD	Annual
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$2.90M	USD	3 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-16.41M	USD	Annual
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$9.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$311.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$224.58M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$164.83M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.56M	USD	1 Quarter
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.09M	USD	1 Quarter
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.78M	USD	Annual
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.46M	USD	Annual
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.33M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$19.52M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$27.16M	USD	Annual
Capitalized software development costs	`PaymentsForSoftware`	$28.68M	USD	Annual
Capitalized software development costs	`PaymentsForSoftware`	$7.16M	USD	1 Quarter
Business acquisitions	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$-66.00K	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$5.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.55M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.46M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.85M	USD	3 Qtrs
Mezzanine capital contributions	`MezzanineCapitalContribution`	$82.00K	USD	Annual
Mezzanine capital distributions	`MezzanineCapitalDistribution`	$1.54M	USD	Annual
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	$139.35M	USD	3 Qtrs
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	$36.00M	USD	1 Quarter
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	$152.00M	USD	Annual
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	$120.00M	USD	Annual
Proceeds from issuance of Class A common stock in the IPO, net of underwriting discounts	`ProceedsFromIssuanceOfCommonStock`	$1.16B	USD	Annual
Purchase of LLC Interests and Class A common stock in connection with the IPO	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$1.16B	USD	Annual
Proceeds from issuance of Class A common stock in the follow-on offering	`ProceedsFromIssuanceFollowOnOffering`	$809.95M	USD	Annual
Purchase of LLC Interests in connection with the follow-on offering	`PaymentsForRepurchaseOfEquity`	$809.95M	USD	Annual
Offering costs from IPO and follow-on offering	`PaymentsOfStockIssuanceCosts`	$14.94M	USD	Annual
Dividends	`PaymentsOfOrdinaryDividends`	$35.94M	USD	Annual
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$38.35M	USD	Annual
Payroll taxes paid for stock-based compensation exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.92M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-139.35M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-153.46M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-218.14M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.00M	USD	1 Quarter
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`	$2.01M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-389.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.16M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$28.72M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$50.41M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.42M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$59.92M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.07M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$351.38M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.80M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.07M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$351.38M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.80M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$455.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$5.50M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$6.31M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$2.66M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$43.84M	USD	Annual
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$968.00K	USD	1 Quarter
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$15.02M	USD	Annual
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$2.60M	USD	3 Qtrs
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$-950.00K	USD	Annual
Vesting of contingent consideration	`VestingOfContingentConsiderationVested`	$150.50M	USD	3 Qtrs
Conversion of convertible term note payable to Thomson Reuters to Class A Shares	`LimitedLiabilityCompanyContributions`	$29.29M	USD	Annual
Conversion of certain cash-settled PRSUs to equity-settled PRSUs	`ConversionOfStockAmountConverted1`	$19.07M	USD	1 Quarter

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Members' capital beginning of period	`MembersEquity`	$4.57B	USD	Point-in-time
Members' capital beginning of period	`MembersEquity`	$986.47M	USD	Point-in-time
Members' capital beginning of period	`MembersEquity`	$1.02B	USD	Point-in-time
Members' capital beginning of period	`MembersEquity`	$1.13B	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Adjustment to Class C Shares and Class P shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$1.33M	USD	1 Quarter
Adjustment to Class C Shares and Class P shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$2.37M	USD	1 Quarter
Adjustment to Class C Shares and Class P shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$-456.00K	USD	3 Qtrs
Adjustment to Class C Shares and Class P shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$2.11M	USD	Annual
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$20.00M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$139.35M	USD	3 Qtrs
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$36.00M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$152.00M	USD	Annual
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$100.00M	USD	3 Qtrs
Effect of the reorganization transactions	`EffectOfReorganizationTransactions`	$23.27M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-18.49M	USD	3 Qtrs
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.00K	USD	3 Qtrs
Tax receivable agreement liability and deferred taxes arising from the reorganization transactions, IPO and follow-on offering and other LLC Interest ownership changes	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$4.38M	USD	3 Qtrs
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$38.35M	USD	3 Qtrs
Dividends ($0.24 per share)	`Dividends`	$35.94M	USD	3 Qtrs
Stock-based compensation expense under the PRSU Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$19.10M	USD	Annual
Stock-based compensation expense under the PRSU Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$20.72M	USD	3 Qtrs
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$24.43M	USD	3 Qtrs
Stock-based compensation	`LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation`	$4.67M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-8.92M	USD	3 Qtrs
Net income	`ProfitLoss`	$130.16M	USD	3 Qtrs
Net income	`ProfitLoss`	$83.65M	USD	Annual
Net income	`ProfitLoss`	$130.67M	USD	3 Qtrs
Net income	`ProfitLoss`	$173.02M	USD	Annual
Net income	`ProfitLoss`	$29.31M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.06M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.88M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.74M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-866.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$988.00K	USD	1 Quarter
Vesting of contingent consideration	`VestingOfContingentConsiderationVested`	$150.50M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$86.53M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.44M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$85.21M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$127.10M	USD	3 Qtrs
Conversion of certain cash-settled PRSUs to equity-settled PRSUs	`StockIssuedDuringPeriodValueConversionOfUnits`	$19.07M	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$29.29M	USD	Annual
Members' capital end of period	`MembersEquity`	$4.57B	USD	Point-in-time
Members' capital end of period	`MembersEquity`	$986.47M	USD	Point-in-time
Members' capital end of period	`MembersEquity`	$1.02B	USD	Point-in-time
Members' capital end of period	`MembersEquity`	$1.13B	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to Tradeweb Markets	`NetIncomeLoss`	$83.77M	USD	Annual
Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.44M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$86.53M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.44M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$85.21M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$127.10M	USD	3 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$46.90M	USD	Annual
Foreign currency translation adjustments attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$298.00K	USD	Annual
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$47.20M	USD	Annual

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