10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001758730-21-000014`
Period End Date	20210331
Filing Date	20210430
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	tw-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 38 Cash Flow Statement 66 Stockholders Equity 27 Comprehensive Income 20

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$243.00K	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$177.00K	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`	$809.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$791.28M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	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 issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$25.36M	USD	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$368.00K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$10.78M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$11.67M	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
Accounts receivable, net of allowance for credit losses of $177 and $243 at March 31, 2021 and December 31, 2020, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$144.49M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $177 and $243 at March 31, 2021 and December 31, 2020, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$105.29M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$32.73M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$33.81M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$27.07M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$29.44M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$168.03M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$165.59M	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`	$1.18B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.16B	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$111.00K	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$2.53M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$662.21M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$579.56M	USD	Point-in-time
Other assets	`OtherAssets`	$75.25M	USD	Point-in-time
Other assets	`OtherAssets`	$82.46M	USD	Point-in-time
Total assets	`Assets`	$5.81B	USD	Point-in-time
Total assets	`Assets`	$5.68B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$25.14M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$252.00K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$70.20M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$129.29M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$27.19M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$23.19M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$44.29M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$42.69M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$1.90M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	-	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$31.20M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$34.46M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$1.82M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$5.14M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$19.43M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$18.80M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$404.33M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$425.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$643.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$660.69M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 250,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 250,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.14B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.31B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.10M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$156.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$207.87M	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.52B	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.30B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$715.71M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$646.12M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.17B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.81B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.68B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$273.40M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$234.61M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$90.52M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$103.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.97M	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`	$13.54M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$3.46M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$8.34M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.73M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.91M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.75M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.73M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$156.99M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$175.07M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$77.61M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$98.33M	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$-493.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$699.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$78.31M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$97.83M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.83M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.27M	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	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
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.71M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$43.93M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$67.86M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	166.23M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	199.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	205.03M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.52M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.18M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.97M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$10.76M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.23M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$16.00M	USD	1 Quarter
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$101.00K	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`	$-906.00K	USD	1 Quarter
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$1.67M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.83M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$43.45M	USD	1 Quarter
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-2.45M	USD	1 Quarter
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$6.49M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.23M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.84M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-59.27M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-59.91M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.31M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.07M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$770.00K	USD	1 Quarter
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-1.92M	USD	1 Quarter
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-11.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.57M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.76M	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`	$4.36M	USD	1 Quarter
Capitalized software development costs	`PaymentsForSoftware`	$7.06M	USD	1 Quarter
Capitalized software development costs	`PaymentsForSoftware`	$8.27M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.62M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.36M	USD	1 Quarter
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$35.42M	USD	1 Quarter
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$46.40M	USD	1 Quarter
Offering costs from issuance of Class A common stock in the IPO and follow-on offerings	`PaymentsOfStockIssuanceCosts`	$308.00K	USD	1 Quarter
Offering costs from issuance of Class A common stock in the IPO and follow-on offerings	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Dividends	`PaymentsOfOrdinaryDividends`	$16.03M	USD	1 Quarter
Dividends	`PaymentsOfOrdinaryDividends`	$13.40M	USD	1 Quarter
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	-	USD	1 Quarter
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$2.50M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$23.99M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$45.46M	USD	1 Quarter
Payments on tax receivable agreement liability	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Payments on tax receivable agreement liability	`ProceedsFromIssuanceOfCommonStock`	$-6.85M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.28M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.45M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$161.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-3.96M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-36.35M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.66M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$425.36M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$810.94M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$425.36M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$810.94M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
Income taxes paid, net of (refunds)	`IncomeTaxesPaid`	$-4.17M	USD	1 Quarter
Income taxes paid, net of (refunds)	`IncomeTaxesPaid`	$2.87M	USD	1 Quarter
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`	$810.94M	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`	$792.28M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.17B	USD	Point-in-time
Activities related to exchanges of LLC Interests	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Activities related to exchanges of LLC Interests	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-336.00K	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-65.18M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-32.74M	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$46.40M	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`	$2.50M	USD	1 Quarter
Dividends	`Dividends`	$16.03M	USD	1 Quarter
Dividends	`Dividends`	$13.40M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.24M	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
Payroll taxes paid for stock-based compensation exercises	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-45.46M	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.78M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.69B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.17B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three months ended March 31, 2021 and 2020	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00K	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three months ended March 31, 2021 and 2020	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.78M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-343.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-4.78M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$81.22M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$57.70M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$18.56M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.71M	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-46.00K	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.23M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$40.38M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$67.56M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$43.93M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$67.86M	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-297.00K	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.55M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.66M	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.