10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001758730-20-000021`
Period End Date	20200930
Filing Date	20201029
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	tw-20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 72 Cash Flow Statement 82 Stockholders Equity 72 Comprehensive Income 20

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$120.00K	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$195.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$677.35M	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
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	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`	$57.35M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$10.16M	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 $120 and $195 at September 30, 2020 and December 31, 2019, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$92.81M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $120 and $195 at September 30, 2020 and December 31, 2019, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$97.78M	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`	$33.43M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.50M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$28.07M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$169.88M	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`	$1.21B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.28B	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$36.00K	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$2.52M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$256.45M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$516.05M	USD	Point-in-time
Other assets	`OtherAssets`	$44.56M	USD	Point-in-time
Other assets	`OtherAssets`	$27.24M	USD	Point-in-time
Total assets	`Assets`	$5.54B	USD	Point-in-time
Total assets	`Assets`	$5.10B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$56.80M	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`	$101.44M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$29.86M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$23.99M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$32.83M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$36.79M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$1.05M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$1.51M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$33.24M	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`	$4.98M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$21.57M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$20.57M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$240.82M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$372.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$502.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$658.13M	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`	$3.94B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.33B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.37M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$100.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$116.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.83M	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.06B	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$3.38B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$822.36M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.21B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.49B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.88B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	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`	$4.59B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.54B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.10B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$659.58M	USD	3 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$200.98M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$578.26M	USD	3 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$212.87M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$79.64M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$83.97M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$252.91M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$263.35M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$38.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$102.93M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$113.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.13M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$12.04M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$9.53M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$34.40M	USD	3 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$29.09M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$7.51M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$8.66M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$25.96M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$24.52M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$20.91M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.39M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$20.98M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.27M	USD	1 Quarter
Occupancy	`OccupancyNet`	$10.68M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$3.44M	USD	1 Quarter
Occupancy	`OccupancyNet`	$10.90M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$3.64M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$142.72M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$442.77M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$154.35M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$467.81M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$58.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$58.52M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$135.49M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$191.78M	USD	3 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$64.00K	USD	3 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$1.67M	USD	3 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$-349.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$636.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$191.84M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.17M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$137.16M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$39.90M	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`	$11.12M	USD	1 Quarter
Net income	`ProfitLoss`	$151.94M	USD	3 Qtrs
Net income	`ProfitLoss`	$47.05M	USD	1 Quarter
Net income	`ProfitLoss`	$115.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$48.58M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	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`	$111.24M	USD	3 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$36.81M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.63	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	142.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	177.26M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	187.77M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	151.36M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	194.96M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	185.03M	shares	3 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$151.94M	USD	3 Qtrs
Net income	`ProfitLoss`	$47.05M	USD	1 Quarter
Net income	`ProfitLoss`	$115.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$48.58M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$38.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$102.93M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$113.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.13M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$41.09M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$28.07M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$34.73M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-9.02M	USD	3 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$356.00K	USD	3 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$31.26M	USD	3 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$679.00K	USD	3 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$477.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.42M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.96M	USD	3 Qtrs
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-6.03M	USD	3 Qtrs
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$1.02M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.24M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$17.46M	USD	3 Qtrs
Securities sold under agreements to repurchase	`IncreaseDecreaseInPayablesUnderRepurchaseAgreements`	-	USD	3 Qtrs
Securities sold under agreements to repurchase	`IncreaseDecreaseInPayablesUnderRepurchaseAgreements`	$24.94M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.31M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-25.14M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$682.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.87M	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.61M	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.02M	USD	3 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-16.75M	USD	3 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$478.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$190.47M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$303.53M	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`	$6.48M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$21.20M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$22.86M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.77M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.35M	USD	3 Qtrs
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	-	USD	3 Qtrs
Pre-IPO capital distributions	`PaymentsOfCapitalDistribution`	$120.00M	USD	3 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$69.53M	USD	3 Qtrs
Proceeds from issuance of Class A common stock in the IPO and follow-on offerings, net of underwriting discounts	`ProceedsFromIssuanceOfCommonStock`	$626.27M	USD	3 Qtrs
Proceeds from issuance of Class A common stock in the IPO and follow-on offerings, net of underwriting discounts	`ProceedsFromIssuanceOfCommonStock`	$1.16B	USD	3 Qtrs
Purchase of LLC Interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$1.16B	USD	3 Qtrs
Purchase of LLC Interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$626.27M	USD	3 Qtrs
Offering costs from issuance of Class A common stock in the IPO and follow-on offerings	`PaymentsOfStockIssuanceCosts`	$2.40M	USD	3 Qtrs
Offering costs from issuance of Class A common stock in the IPO and follow-on offerings	`PaymentsOfStockIssuanceCosts`	$12.31M	USD	3 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$22.87M	USD	3 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$42.91M	USD	3 Qtrs
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$8.44M	USD	3 Qtrs
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$23.68M	USD	3 Qtrs
Payroll taxes paid for stock-based compensation exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$71.84M	USD	3 Qtrs
Payroll taxes paid for stock-based compensation exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-178.86M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.06M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.48M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.02M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-20.17M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$216.64M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$678.35M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$391.13M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$678.35M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.30M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$391.13M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$30.29M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.03M	USD	3 Qtrs
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$34.73M	USD	3 Qtrs
Deferred tax asset	`DeferredIncomeTaxExpenseBenefit`	$-9.02M	USD	3 Qtrs
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`	$678.35M	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`	$391.13M	USD	Point-in-time

Stockholders Equity 72 line items

Line Item	Tag	Value	Unit	Period
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.49B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.88B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.83B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
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`	$-15.85M	USD	1 Quarter
Activities related to exchanges of LLC Interests, net of offering costs and cancellations	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-766.00K	USD	1 Quarter
Activities related to exchanges of LLC Interests, net of offering costs and cancellations	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	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`	$27.20M	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$10.70M	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
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`	$-127.85M	USD	1 Quarter
Allocation of equity to non-controlling interests	`MinorityInterestIncreaseFromAllocationOfEquity`	-	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`	$11.91M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$11.77M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.84M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.60M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$11.44M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$13.40M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$11.44M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$15.03M	USD	1 Quarter
Dividends ($0.08 per share)	`Dividends`	$14.48M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$4.67M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.29M	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`	$2.25M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.00M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.28M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-180.00K	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
Adjustment to Class C Shares and Class P(C) shares in mezzanine capital	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$2.37M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$100.00M	USD	1 Quarter
Capital distributions	`DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared`	$20.00M	USD	1 Quarter
Effect of the reorganization transactions	`EffectOfReorganizationTransactions`	$23.27M	USD	1 Quarter
Net income	`ProfitLoss`	$151.94M	USD	3 Qtrs
Net income	`ProfitLoss`	$47.05M	USD	1 Quarter
Net income	`ProfitLoss`	$115.75M	USD	3 Qtrs
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$48.58M	USD	1 Quarter
Net income	`ProfitLoss`	$42.35M	USD	1 Quarter
Net income	`ProfitLoss`	$24.82M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-336.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$988.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.78M	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`	$3.38M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.49B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.57B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.88B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.83B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
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`	$111.24M	USD	3 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$36.81M	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.33M	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.02M	USD	3 Qtrs
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.98M	USD	3 Qtrs
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.79M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$110.21M	USD	3 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$39.60M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$40.46M	USD	3 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$28.28M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$588.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.10M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-737.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-715.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$39.99M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.86M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$18.23M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$10.82M	USD	1 Quarter

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