10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001758730-20-000012`
Period End Date	20200630
Filing Date	20200731
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	tw-20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 74 Cash Flow Statement 78 Stockholders Equity 50 Comprehensive Income 24

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$115.00K	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$195.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$559.89M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$460.71M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	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`	$66.82M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$10.96M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$9.72M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $115 and $195 at June 30, 2020 and December 31, 2019, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$101.51M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $115 and $195 at June 30, 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`	$35.73M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$40.41M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$25.01M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.50M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$171.16M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$173.09M	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`	$1.28B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.23B	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$2.52M	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$1.48M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$525.53M	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`	$38.25M	USD	Point-in-time
Total assets	`Assets`	$5.46B	USD	Point-in-time
Total assets	`Assets`	$5.10B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$30.45M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$66.70M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$71.88M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$119.42M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$27.43M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$23.99M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$39.26M	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`	$1.64M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$30.31M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$30.95M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$3.16M	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`	$21.41M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$372.95M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$240.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$634.74M	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`	$3.92B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.69M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$94.37M	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`	$4.01B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.21B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$814.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.83B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	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`	$5.46B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$446.71M	USD	2 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$377.28M	USD	2 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$190.49M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$212.11M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$179.39M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$173.27M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$96.00M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$88.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$75.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$67.80M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$19.56M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$22.36M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$9.52M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$12.04M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$7.52M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$9.37M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$18.45M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$15.86M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$13.52M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$13.71M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$6.61M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.74M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.62M	USD	1 Quarter
Occupancy	`OccupancyNet`	$7.24M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$7.26M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.51M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$300.05M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$313.46M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$156.47M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$159.53M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.95M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$133.25M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$77.23M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$55.64M	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$175.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$1.03M	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$413.00K	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$-286.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.13M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$55.35M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.67M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$78.27M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.77M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.31M	USD	1 Quarter
Net income	`ProfitLoss`	$67.17M	USD	2 Qtrs
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$104.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.99M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.99M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.91M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$30.47M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$12.83M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$74.42M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$30.50M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$12.83M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	177.65M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	171.94M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	142.93M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	180.01M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	150.85M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	185.49M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$67.17M	USD	2 Qtrs
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$104.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$75.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$67.80M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$18.32M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$31.96M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.60M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$22.21M	USD	2 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$-64.00K	USD	2 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$-3.29M	USD	2 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$1.97M	USD	2 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$1.32M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.16M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.76M	USD	2 Qtrs
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-2.88M	USD	2 Qtrs
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-1.48M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.82M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.59M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-46.14M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-51.57M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.61M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$3.46M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.26M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.66M	USD	2 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$595.00K	USD	2 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-16.73M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$164.55M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.97M	USD	2 Qtrs
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.38M	USD	2 Qtrs
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.79M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$13.91M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$14.80M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.18M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.71M	USD	2 Qtrs
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	$120.00M	USD	2 Qtrs
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	-	USD	2 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$62.62M	USD	2 Qtrs
Proceeds from issuance of Class A common stock in the IPO and follow-on offerings, net of underwriting discounts	`ProceedsFromIssuanceOfCommonStock`	$1.16B	USD	2 Qtrs
Proceeds from issuance of Class A common stock in the IPO and follow-on offerings, net of underwriting discounts	`ProceedsFromIssuanceOfCommonStock`	$626.27M	USD	2 Qtrs
Purchase of LLC Interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$1.16B	USD	2 Qtrs
Purchase of LLC Interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$626.27M	USD	2 Qtrs
Offering costs from issuance of Class A common stock in the IPO and follow-on offerings	`PaymentsOfStockIssuanceCosts`	$1.64M	USD	2 Qtrs
Offering costs from issuance of Class A common stock in the IPO and follow-on offerings	`PaymentsOfStockIssuanceCosts`	$12.31M	USD	2 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$27.88M	USD	2 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$11.44M	USD	2 Qtrs
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$3.60M	USD	2 Qtrs
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$11.91M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Payroll taxes paid for stock-based compensation exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$71.66M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-155.65M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.17M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-4.03M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-138.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$99.18M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-96.52M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$314.78M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$560.89M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$314.78M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$560.89M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$4.97M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$24.99M	USD	2 Qtrs
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$-3.60M	USD	2 Qtrs
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$22.21M	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$559.89M	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

Stockholders Equity 50 line items

Line Item	Tag	Value	Unit	Period
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	2 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.83B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$20.00M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$100.00M	USD	1 Quarter
Adjustment to Class C Shares and Class P(C) shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$2.37M	USD	1 Quarter
Effect of the reorganization transactions	`EffectOfReorganizationTransactions`	$23.27M	USD	1 Quarter
Activities related to exchanges of LLC Interests, net of offering costs and cancellations	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-1.41M	USD	1 Quarter
Activities related to exchanges of LLC Interests, net of offering costs and cancellations	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-336.00K	USD	1 Quarter
Activities related to exchanges of LLC Interests, net of offering costs and cancellations	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-15.85M	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$35.42M	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$27.20M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-127.85M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$78.23M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-32.74M	USD	1 Quarter
Allocation of equity to non-controlling interests	`MinorityInterestIncreaseFromAllocationOfEquity`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$11.91K	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.60M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$13.40M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$14.48M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$11.44M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.25M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.28M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$20.40M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$4.67M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-47.67M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-23.99M	USD	1 Quarter
Net income	`ProfitLoss`	$67.17M	USD	2 Qtrs
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$104.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.01M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.78M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$988.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-336.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.83B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$12.83M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$74.42M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$30.50M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$12.83M	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-265.00K	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.82M	USD	2 Qtrs
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-647.00K	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-647.00K	USD	2 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$12.18M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$30.23M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$70.61M	USD	2 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$12.18M	USD	2 Qtrs
Comprehensive income, net income	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.99M	USD	2 Qtrs
Comprehensive income, net income	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.99M	USD	1 Quarter
Comprehensive income, net income	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.91M	USD	1 Quarter
Comprehensive income, net income	`NetIncomeLossAttributableToNoncontrollingInterest`	$30.47M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-71.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.30M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-359.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-359.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.84M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.17M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.63M	USD	2 Qtrs

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