10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001758730-21-000022`
Period End Date	20210630
Filing Date	20210730
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	tw-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 78 Cash Flow Statement 87 Stockholders Equity 61 Comprehensive Income 48

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$158.00K	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$243.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$791.28M	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`	$681.23M	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
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
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$37.44M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$11.67M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$21.80M	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 $158 and $243 at June 30, 2021 and December 31, 2020, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$105.29M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $158 and $243 at June 30, 2021 and December 31, 2020, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$141.90M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$33.81M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$32.77M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$29.44M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.90M	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`	$163.77M	USD	Point-in-time
Goodwill	`Goodwill`	$2.69B	USD	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.23B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.18B	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$111.00K	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$2.80M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$659.27M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$579.56M	USD	Point-in-time
Other assets	`OtherAssets`	$83.66M	USD	Point-in-time
Other assets	`OtherAssets`	$82.46M	USD	Point-in-time
Total assets	`Assets`	$5.86B	USD	Point-in-time
Total assets	`Assets`	$5.68B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$252.00K	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$36.61M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$85.64M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$129.29M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$28.05M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$23.19M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$42.69M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$41.17M	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	-	USD	Point-in-time
Employee equity compensation payable	`EquityCompensationPayable`	$1.90M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$34.46M	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$28.77M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$3.04M	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`	$18.13M	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`	$666.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$660.69M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`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`	$4.35B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.14B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.31M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$156.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$195.37M	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.30B	USD	Point-in-time
Total stockholders' equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.55B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$650.36M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$715.71M	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`	$5.17B	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`	$5.20B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.86B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.68B	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$534.24M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$446.71M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$212.11M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$260.84M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$88.87M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$98.45M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$202.07M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$179.39M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$37.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$41.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$82.83M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$75.09M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$27.50M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$13.96M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$22.36M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$12.04M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$12.25M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$8.79M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$15.86M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$7.52M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.61M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$13.52M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$10.37M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$20.10M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$7.24M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.51M	USD	1 Quarter
Occupancy	`OccupancyNet`	$7.37M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.62M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$177.05M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$313.46M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$156.47M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$352.12M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$55.64M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$83.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$182.12M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$133.25M	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$-325.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$-818.00K	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$-286.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$413.00K	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$55.35M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$181.30M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.47M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.67M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.77M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.50M	USD	2 Qtrs
Net income	`ProfitLoss`	$147.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$104.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$66.23M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	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`	$10.92M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$24.62M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$30.47M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$123.17M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$30.50M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$55.32M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$74.42M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	200.41M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	201.75M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	177.65M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	171.94M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	185.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	206.25M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	180.01M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.46M	shares	1 Quarter

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$147.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$104.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$66.23M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$41.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$82.83M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$75.09M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$23.17M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$18.32M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$22.21M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$28.75M	USD	2 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$709.00K	USD	2 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$-64.00K	USD	2 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$1.32M	USD	2 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-8.05M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$33.18M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.16M	USD	2 Qtrs
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-2.88M	USD	2 Qtrs
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$5.63M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$254.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.59M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-45.32M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-46.14M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.24M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$3.46M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.82M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.26M	USD	2 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$595.00K	USD	2 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-1.92M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$204.01M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$164.55M	USD	2 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$208.86M	USD	2 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.54M	USD	2 Qtrs
Purchase of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.38M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$14.80M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$16.97M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-234.37M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.18M	USD	2 Qtrs
Share repurchases pursuant to the Share Repurchase Program	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Share repurchases pursuant to the Share Repurchase Program	`PaymentsForRepurchaseOfCommonStock`	$51.12M	USD	2 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$67.54M	USD	2 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$62.62M	USD	2 Qtrs
Proceeds from issuance of Class A common stock in follow-on offering, net of underwriting discounts	`ProceedsFromIssuanceOfCommonStock`	$626.27M	USD	2 Qtrs
Proceeds from issuance of Class A common stock in follow-on offering, net of underwriting discounts	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Purchase of LLC Interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	-	USD	2 Qtrs
Purchase of LLC Interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$626.27M	USD	2 Qtrs
Offering costs from issuance of Class A common stock in follow-on offering	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Offering costs from issuance of Class A common stock in follow-on offering	`PaymentsOfStockIssuanceCosts`	$1.64M	USD	2 Qtrs
Offering costs from issuance of Class A common stock in follow-on offering	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Dividends	`PaymentsOfOrdinaryDividends`	$32.17M	USD	2 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$27.88M	USD	2 Qtrs
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$4.47M	USD	2 Qtrs
Capital distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$3.60M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.43M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$71.66M	USD	2 Qtrs
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	-	USD	2 Qtrs
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$6.85M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-80.51M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.17M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$819.00K	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-4.03M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-110.06M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$99.18M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$682.23M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$560.89M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$682.23M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.71M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$560.89M	USD	Point-in-time
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$-204.00K	USD	2 Qtrs
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$4.97M	USD	2 Qtrs
Unsettled share repurchases included in other liabilities	`UnsettledShareRepurchasesValue`	-	USD	2 Qtrs
Unsettled share repurchases included in other liabilities	`UnsettledShareRepurchasesValue`	$555.00K	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$791.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$681.23M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$682.23M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	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`	$560.89M	USD	Point-in-time

Stockholders Equity 61 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	2 Qtrs
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`	$5.17B	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`	$5.20B	USD	Point-in-time
Activities related to exchanges of LLC Interests	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-336.00K	USD	1 Quarter
Activities related to exchanges of LLC Interests	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Activities related to exchanges of LLC Interests	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-1.41M	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`	$-127.85M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-65.18M	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`	$35.42M	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$21.14M	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
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.60M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.97M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.50M	USD	1 Quarter
Dividends	`Dividends`	$14.48M	USD	1 Quarter
Dividends	`Dividends`	$13.40M	USD	1 Quarter
Dividends	`Dividends`	$16.03M	USD	1 Quarter
Dividends	`Dividends`	$16.14M	USD	1 Quarter
Share repurchases pursuant to the Share Repurchase Program	`StockRepurchasedDuringPeriodValue`	$51.68M	USD	1 Quarter
Deferred taxes arising from share repurchases	`AdjustmentsToAdditionalPaidInCapitalIncomeDeferredIncomeTaxEffectFromShareRepurchases`	$-12.82M	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`	$2.24M	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`	$766.00K	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$47.67M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.97M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$23.99M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$45.46M	USD	1 Quarter
Payroll taxes paid for stock-based compensation exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.40M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$71.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$147.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$104.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$66.23M	USD	1 Quarter
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.12M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-336.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$703.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.78M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$360.00K	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.59B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.17B	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`	$5.20B	USD	Point-in-time

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$147.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$104.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$66.23M	USD	1 Quarter
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Net income	`ProfitLoss`	$62.48M	USD	1 Quarter
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$42.41M	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2021 and 2020	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.12M	USD	2 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2021 and 2020	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-336.00K	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2021 and 2020	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$703.00K	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2021 and 2020	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.78M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2021 and 2020	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00K	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2021 and 2020	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$360.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$360.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-5.12M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$703.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-336.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$99.77M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$148.16M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$66.94M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$42.07M	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`	$10.92M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$24.62M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$30.47M	USD	2 Qtrs
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$46.00K	USD	2 Qtrs
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-71.00K	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.30M	USD	2 Qtrs
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$92.00K	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$55.93M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$123.49M	USD	2 Qtrs
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
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$123.17M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$30.50M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$55.32M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$74.42M	USD	2 Qtrs
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`	$314.00K	USD	2 Qtrs
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`	$611.00K	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.17M	USD	2 Qtrs
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.84M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$24.67M	USD	2 Qtrs
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.01M	USD	1 Quarter

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