10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-006433`
Period End Date	20200331
Filing Date	20200512
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	tw-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 32 Cash Flow Statement 65 Stockholders Equity 22 Comprehensive Income 6

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$150.00K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$195.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$424.36M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$460.71M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	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
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$95.91M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$30.64M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$11.31M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$9.72M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for credit losses of $150 and $195 at March 31, 2020 and December 31, 2019, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$133.47M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $150 and $195 at March 31, 2020 and December 31, 2019, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$92.81M	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`	$37.06M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$27.28M	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`	$172.10M	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`	$1.26B	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`	$1.51M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$291.92M	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`	$37.42M	USD	Point-in-time
Total assets	`Assets`	$5.18B	USD	Point-in-time
Total assets	`Assets`	$5.10B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$55.16M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$30.45M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$119.42M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$58.02M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$23.99M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$26.27M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$46.13M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$32.83M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$1.05M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$1.04M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$33.37M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$30.95M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$1.51M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$2.29M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$21.57M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$21.57M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$240.82M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$252.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$495.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$502.59M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	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
Additional paid-in capital	`AdditionalPaidInCapital`	$3.43B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.18M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$78.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.83M	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$3.38B	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$3.50B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.19B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.21B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.10B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.18B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$234.61M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$186.79M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$77.27M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$90.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.18M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$10.32M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$10.04M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$9.09M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$8.34M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.91M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.97M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.73M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.64M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$140.51M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$156.99M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$77.61M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$46.28M	USD	1 Quarter
Net interest income	`InvestmentIncomeInterest`	$699.00K	USD	1 Quarter
Net interest income	`InvestmentIncomeInterest`	$858.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.13M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$78.31M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.83M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.78M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$18.56M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$43.93M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	166.23M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.52M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$424.36M	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`	$1.00M	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`	$411.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$425.36M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$362.81M	USD	Point-in-time
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.18M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.67M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.97M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-39.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.23M	USD	1 Quarter
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$3.83M	USD	1 Quarter
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$40.56M	USD	1 Quarter
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-2.57M	USD	1 Quarter
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$1.67M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.41M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$43.45M	USD	1 Quarter
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-1.17M	USD	1 Quarter
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-2.45M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.84M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.15M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-59.91M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-66.45M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$602.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.31M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.91M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.07M	USD	1 Quarter
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-11.00K	USD	1 Quarter
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-17.16M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.76M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.08M	USD	1 Quarter
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.30M	USD	1 Quarter
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.52M	USD	1 Quarter
Capitalized software development costs	`PaymentsForSoftware`	$6.77M	USD	1 Quarter
Capitalized software development costs	`PaymentsForSoftware`	$7.06M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.36M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.28M	USD	1 Quarter
Proceeds from stock-based compensation exercises	`ProceedsFromIssuanceOfCommonStock`	$35.42M	USD	1 Quarter
Offering costs from follow-on offering	`PaymentsOfStockIssuanceCosts`	$308.00K	USD	1 Quarter
Dividends	`PaymentsOfOrdinaryDividends`	$13.40M	USD	1 Quarter
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$20.00M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$23.99M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.28M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-3.96M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$866.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-48.50M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-36.35M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$425.36M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$362.81M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$425.36M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$362.81M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$7.30M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$2.87M	USD	1 Quarter
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$-39.00K	USD	1 Quarter
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$7.23M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Dividends	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Members' capital beginning of period	`MembersEquity`	$4.60B	USD	Point-in-time
Members' capital beginning of period	`MembersEquity`	$4.57B	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Equity at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Adjustment to Class C Shares and Class P shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$2.37M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$20.00M	USD	1 Quarter
Activities related to exchanges of LLC Interests, net of offering costs and cancellations	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-336.00K	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$35.42M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-32.74M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$13.40M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.25M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-23.99M	USD	1 Quarter
Stock-based compensation	`LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation`	$4.67M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$988.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.78M	USD	1 Quarter
Members' capital end of period	`MembersEquity`	$4.60B	USD	Point-in-time
Members' capital end of period	`MembersEquity`	$4.57B	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Equity at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$43.93M	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.55M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$40.38M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$18.56M	USD	1 Quarter
Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.23M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$17.32M	USD	1 Quarter

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