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10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q3 2021
Filing Information
Form Type 10-Q
Accession Number 0001758730-21-000028
Period End Date 20210930
Filing Date 20211029
Fiscal Year 2021
Fiscal Period Q3
XBRL Instance tw-20210930_htm.xml
Balance Sheet 82 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 $265.00K 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 $791.28M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $821.90M 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 $368.00K USD 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 $33.95M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Deposits with clearing organizations DepositsWithClearingOrganizationsAndOthersSecurities $24.40M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Deposits with clearing organizations DepositsWithClearingOrganizationsAndOthersSecurities $11.67M USD Point-in-time
Accounts receivable, net of allowance for credit losses of $265 and $243 at September 30, 2021 and December 31, 2020, respectively AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance $105.29M USD Point-in-time
Accounts receivable, net of allowance for credit losses of $265 and $243 at September 30, 2021 and December 31, 2020, respectively AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance $133.35M USD Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization PropertyPlantAndEquipmentNet $28.08M 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 $22.92M USD Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset $29.44M USD Point-in-time
Software development costs, net of accumulated amortization CapitalizedComputerSoftwareNet $160.25M USD Point-in-time
Software development costs, net of accumulated amortization CapitalizedComputerSoftwareNet $168.03M USD Point-in-time
Goodwill Goodwill $2.78B 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 $1.20B USD Point-in-time
Receivable from affiliates DueFromAffiliates $111.00K USD Point-in-time
Receivable from affiliates DueFromAffiliates $2.81M USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $579.56M USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $641.71M USD Point-in-time
Other assets OtherAssets $82.46M USD Point-in-time
Other assets OtherAssets $78.55M USD Point-in-time
Total assets Assets $5.94B USD Point-in-time
Total assets Assets $5.68B USD Point-in-time
Payable to brokers and dealers and clearing organizations PayablesToBrokerDealersAndClearingOrganizations $33.83M USD Point-in-time
Payable to brokers and dealers and clearing organizations PayablesToBrokerDealersAndClearingOrganizations $252.00K USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrentAndNoncurrent $129.29M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrentAndNoncurrent $113.04M USD Point-in-time
Deferred revenue ContractWithCustomerLiability $23.19M USD Point-in-time
Deferred revenue ContractWithCustomerLiability $29.78M USD Point-in-time
Accounts payable, accrued expenses and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $38.65M 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 $26.77M USD Point-in-time
Lease liability OperatingLeaseLiability $34.46M USD Point-in-time
Payable to affiliates DueToAffiliateCurrentAndNoncurrent $5.14M USD Point-in-time
Payable to affiliates DueToAffiliateCurrentAndNoncurrent $3.39M USD Point-in-time
Deferred tax liability DeferredIncomeTaxLiabilitiesNet $19.43M USD Point-in-time
Deferred tax liability DeferredIncomeTaxLiabilitiesNet $17.57M 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 $660.69M USD Point-in-time
Total liabilities Liabilities $688.17M 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 $4.37B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $4.14B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $2.28M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $4.31M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $221.95M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $156.04M 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 $4.59B USD Point-in-time
Non-controlling interests MinorityInterest $658.06M 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 $5.17B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.69B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.20B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.25B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.88B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.83B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.02B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.68B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.94B USD Point-in-time
Income Statement 80 line items
Line Item Tag Value Unit Period
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $799.56M USD 3 Qtrs
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $265.32M USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $659.58M USD 3 Qtrs
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $212.87M USD 1 Quarter
Employee compensation and benefits LaborAndRelatedExpense $300.11M USD 3 Qtrs
Employee compensation and benefits LaborAndRelatedExpense $83.97M USD 1 Quarter
Employee compensation and benefits LaborAndRelatedExpense $98.04M USD 1 Quarter
Employee compensation and benefits LaborAndRelatedExpense $263.35M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $127.66M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $44.82M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $38.86M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $113.95M USD 3 Qtrs
Technology and communications CommunicationsAndInformationTechnology $12.04M USD 1 Quarter
Technology and communications CommunicationsAndInformationTechnology $34.40M USD 3 Qtrs
Technology and communications CommunicationsAndInformationTechnology $14.75M USD 1 Quarter
Technology and communications CommunicationsAndInformationTechnology $42.25M USD 3 Qtrs
General and administrative OtherGeneralAndAdministrativeExpense $8.66M USD 1 Quarter
General and administrative OtherGeneralAndAdministrativeExpense $9.56M USD 1 Quarter
General and administrative OtherGeneralAndAdministrativeExpense $24.52M USD 3 Qtrs
General and administrative OtherGeneralAndAdministrativeExpense $21.81M USD 3 Qtrs
Professional fees ProfessionalFees $7.39M USD 1 Quarter
Professional fees ProfessionalFees $28.99M USD 3 Qtrs
Professional fees ProfessionalFees $8.90M USD 1 Quarter
Professional fees ProfessionalFees $20.91M USD 3 Qtrs
Occupancy OccupancyNet $3.73M USD 1 Quarter
Occupancy OccupancyNet $11.10M USD 3 Qtrs
Occupancy OccupancyNet $3.44M USD 1 Quarter
Occupancy OccupancyNet $10.68M USD 3 Qtrs
Total expenses CostsAndExpenses $531.92M USD 3 Qtrs
Total expenses CostsAndExpenses $179.80M USD 1 Quarter
Total expenses CostsAndExpenses $154.35M USD 1 Quarter
Total expenses CostsAndExpenses $467.81M USD 3 Qtrs
Operating income OperatingIncomeLoss $85.53M USD 1 Quarter
Operating income OperatingIncomeLoss $58.52M USD 1 Quarter
Operating income OperatingIncomeLoss $267.65M USD 3 Qtrs
Operating income OperatingIncomeLoss $191.78M USD 3 Qtrs
Net interest income (expense) InterestIncomeExpenseNet $-361.00K USD 1 Quarter
Net interest income (expense) InterestIncomeExpenseNet $64.00K USD 3 Qtrs
Net interest income (expense) InterestIncomeExpenseNet $-349.00K USD 1 Quarter
Net interest income (expense) InterestIncomeExpenseNet $-1.18M USD 3 Qtrs
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $266.47M USD 3 Qtrs
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $191.84M USD 3 Qtrs
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $85.17M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $58.17M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $11.12M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $19.86M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $39.90M USD 3 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $53.37M USD 3 Qtrs
Net income ProfitLoss $62.48M USD 1 Quarter
Net income ProfitLoss $42.41M USD 1 Quarter
Net income ProfitLoss $81.56M USD 1 Quarter
Net income ProfitLoss $66.23M USD 1 Quarter
Net income ProfitLoss $213.10M USD 3 Qtrs
Net income ProfitLoss $65.31M USD 1 Quarter
Net income ProfitLoss $47.05M USD 1 Quarter
Net income ProfitLoss $151.94M USD 3 Qtrs
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $35.16M USD 3 Qtrs
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $10.54M USD 1 Quarter
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $40.70M USD 3 Qtrs
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $10.24M USD 1 Quarter
Net income attributable to Tradeweb Markets Inc. NetIncomeLoss $111.24M USD 3 Qtrs
Net income attributable to Tradeweb Markets Inc. NetIncomeLoss $54.76M USD 1 Quarter
Net income attributable to Tradeweb Markets Inc. NetIncomeLoss $36.81M USD 1 Quarter
Net income attributable to Tradeweb Markets Inc. NetIncomeLoss $177.94M USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $0.20 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.63 USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $0.27 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.89 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.86 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.26 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.19 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.60 USD 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 187.77M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 201.03M shares 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 202.24M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 177.26M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 208.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 185.03M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 206.91M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 194.96M shares 1 Quarter
Cash Flow Statement 89 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $62.48M USD 1 Quarter
Net income ProfitLoss $42.41M USD 1 Quarter
Net income ProfitLoss $81.56M USD 1 Quarter
Net income ProfitLoss $66.23M USD 1 Quarter
Net income ProfitLoss $213.10M USD 3 Qtrs
Net income ProfitLoss $65.31M USD 1 Quarter
Net income ProfitLoss $47.05M USD 1 Quarter
Net income ProfitLoss $151.94M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $127.66M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $44.82M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $38.86M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $113.95M USD 3 Qtrs
Stock-based compensation expense ShareBasedCompensation $28.07M USD 3 Qtrs
Stock-based compensation expense ShareBasedCompensation $36.94M USD 3 Qtrs
Deferred taxes DeferredIncomeTaxExpenseBenefit $34.73M USD 3 Qtrs
Deferred taxes DeferredIncomeTaxExpenseBenefit $47.08M USD 3 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net IncreaseDecreaseInBrokerageReceivables $7.00K USD 3 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net IncreaseDecreaseInBrokerageReceivables $356.00K USD 3 Qtrs
Deposits with clearing organizations IncreaseDecreaseInDepositOtherAssets $-5.41M USD 3 Qtrs
Deposits with clearing organizations IncreaseDecreaseInDepositOtherAssets $477.00K USD 3 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $5.96M USD 3 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $25.84M USD 3 Qtrs
Receivable from/payable to affiliates, net IncreaseDecreaseDueFromAffiliates $-6.03M USD 3 Qtrs
Receivable from/payable to affiliates, net IncreaseDecreaseDueFromAffiliates $5.33M USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-4.75M USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $17.46M USD 3 Qtrs
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-17.37M USD 3 Qtrs
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-17.31M USD 3 Qtrs
Deferred revenue IncreaseDecreaseInDeferredRevenue $6.00M USD 3 Qtrs
Deferred revenue IncreaseDecreaseInDeferredRevenue $5.87M USD 3 Qtrs
Accounts payable, accrued expenses and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $4.02M USD 3 Qtrs
Accounts payable, accrued expenses and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-4.13M USD 3 Qtrs
Employee equity compensation payable IncreaseDecreaseInEquityCompensationPayable $-1.90M USD 3 Qtrs
Employee equity compensation payable IncreaseDecreaseInEquityCompensationPayable $478.00K USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $303.53M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $386.37M USD 3 Qtrs
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $208.86M USD 3 Qtrs
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 3 Qtrs
Purchases of furniture, equipment, software and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $6.48M USD 3 Qtrs
Purchases of furniture, equipment, software and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $9.71M USD 3 Qtrs
Capitalized software development costs PaymentsForSoftware $25.81M USD 3 Qtrs
Capitalized software development costs PaymentsForSoftware $22.86M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-29.35M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-244.38M USD 3 Qtrs
Share repurchases pursuant to the Share Repurchase Program PaymentsForRepurchaseOfCommonStock $63.68M USD 3 Qtrs
Share repurchases pursuant to the Share Repurchase Program PaymentsForRepurchaseOfCommonStock - USD 3 Qtrs
Proceeds from stock-based compensation exercises ProceedsFromStockOptionsExercised $71.98M USD 3 Qtrs
Proceeds from stock-based compensation exercises ProceedsFromStockOptionsExercised $69.53M USD 3 Qtrs
Proceeds from issuance of Class A common stock in follow-on offering, net of underwriting discounts ProceedsFromIssuanceOfCommonStock - USD 3 Qtrs
Proceeds from issuance of Class A common stock in follow-on offering, net of underwriting discounts ProceedsFromIssuanceOfCommonStock $626.27M USD 3 Qtrs
Purchase of LLC Interests PaymentsForRepurchaseOfRedeemableNoncontrollingInterest - USD 3 Qtrs
Purchase of LLC Interests PaymentsForRepurchaseOfRedeemableNoncontrollingInterest $626.27M USD 3 Qtrs
Offering costs from issuance of Class A common stock in follow-on offering PaymentsOfStockIssuanceCosts $2.40M USD 3 Qtrs
Offering costs from issuance of Class A common stock in follow-on offering PaymentsOfStockIssuanceCosts - USD 3 Qtrs
Offering costs from issuance of Class A common stock in follow-on offering PaymentsOfStockIssuanceCosts - USD 1 Quarter
Dividends PaymentsOfOrdinaryDividends $48.36M USD 3 Qtrs
Dividends PaymentsOfOrdinaryDividends $42.91M USD 3 Qtrs
Distributions to non-controlling interests PaymentsOfCapitalDistributionToNoncontrollingInterest $8.44M USD 3 Qtrs
Distributions to non-controlling interests PaymentsOfCapitalDistributionToNoncontrollingInterest $6.97M USD 3 Qtrs
Payroll taxes paid for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $71.84M USD 3 Qtrs
Payroll taxes paid for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $56.57M USD 3 Qtrs
Payments on tax receivable agreement liability PaymentsOnTaxReceivableAgreementLiability - USD 3 Qtrs
Payments on tax receivable agreement liability PaymentsOnTaxReceivableAgreementLiability $6.85M USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-56.06M USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-110.44M USD 3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-1.48M USD 3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-917.00K USD 3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $216.64M USD 3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $30.62M USD 3 Qtrs
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $678.35M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $822.90M 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 $678.35M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $822.90M 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) IncomeTaxesPaidNet $17.03M USD 3 Qtrs
Income taxes paid, net of (refunds) IncomeTaxesPaidNet $1.10M USD 3 Qtrs
Other - See Note 10 NoncashFinancingActivitiesOther - USD 3 Qtrs
Other - See Note 10 NoncashFinancingActivitiesOther $1.62M USD 3 Qtrs
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $791.28M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $821.90M 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 $678.35M USD Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $822.90M 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 85 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
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 $4.59B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.17B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.69B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.20B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.25B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.88B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.83B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.02B USD Point-in-time
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $-766.00K USD 1 Quarter
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $-336.00K USD 1 Quarter
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations 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 $10.70M 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 $4.44M 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 $46.40M USD 1 Quarter
Issuance of common stock from equity incentive plans StockIssuedDuringPeriodValueNewIssues $21.14M 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
Adjustments to non-controlling interests MinorityInterestIncreaseDecreaseFromAdjustments - USD 1 Quarter
Adjustments to non-controlling interests MinorityInterestIncreaseDecreaseFromAdjustments - USD 1 Quarter
Distributions to non-controlling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $1.97M 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
Distributions to non-controlling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $2.49M USD 1 Quarter
Distributions to non-controlling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $2.50M USD 1 Quarter
Dividends Dividends $13.40M USD 1 Quarter
Dividends Dividends $16.14M USD 1 Quarter
Dividends Dividends $16.18M USD 1 Quarter
Dividends Dividends $15.03M USD 1 Quarter
Dividends Dividends $14.48M USD 1 Quarter
Dividends Dividends $16.03M USD 1 Quarter
Share repurchases pursuant to the Share Repurchase Program StockRepurchasedDuringPeriodValue $12.00M 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 $2.25M USD 1 Quarter
Stock-based compensation expense under the Option Plan AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $766.00K 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 $1.28M USD 1 Quarter
Stock-based compensation expense under the Option Plan AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $1.16M USD 1 Quarter
Stock-based compensation expense under the Option Plan AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $1.29M USD 1 Quarter
Payroll taxes paid for stock-based compensation exercises AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $71.80M USD 3 Qtrs
Payroll taxes paid for stock-based compensation exercises AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $3.14M USD 1 Quarter
Payroll taxes paid for stock-based compensation exercises AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $56.60M USD 3 Qtrs
Payroll taxes paid for stock-based compensation exercises AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $180.00K 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 $45.46M 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 $23.99M 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
Net income ProfitLoss $66.23M USD 1 Quarter
Net income ProfitLoss $213.10M USD 3 Qtrs
Net income ProfitLoss $65.31M USD 1 Quarter
Net income ProfitLoss $47.05M USD 1 Quarter
Net income ProfitLoss $151.94M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.44M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.80M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-343.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-4.78M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $703.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.74M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.38M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-336.00K USD 1 Quarter
Other - See Note 10 StockholdersEquityOther $-1.62M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.59B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.17B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.69B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.20B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.25B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.88B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.83B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.02B USD Point-in-time
Comprehensive Income 52 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $62.48M USD 1 Quarter
Foreign currency translation adjustment, tax benefit OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Foreign currency translation adjustment, tax benefit OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 3 Qtrs
Net income ProfitLoss $42.41M USD 1 Quarter
Net income ProfitLoss $81.56M USD 1 Quarter
Foreign currency translation adjustment, tax benefit OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 3 Qtrs
Net income ProfitLoss $66.23M USD 1 Quarter
Net income ProfitLoss $213.10M USD 3 Qtrs
Net income ProfitLoss $65.31M USD 1 Quarter
Net income ProfitLoss $47.05M USD 1 Quarter
Net income ProfitLoss $151.94M USD 3 Qtrs
Foreign currency translation adjustment, tax benefit OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and nine months ended September 30, 2021 and 2020 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.44M USD 3 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and nine months ended September 30, 2021 and 2020 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.80M USD 1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and nine months ended September 30, 2021 and 2020 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-343.00K USD 1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and nine months ended September 30, 2021 and 2020 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-4.78M USD 1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and nine months ended September 30, 2021 and 2020 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $703.00K USD 1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and nine months ended September 30, 2021 and 2020 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.74M USD 3 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and nine months ended September 30, 2021 and 2020 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.38M USD 1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and nine months ended September 30, 2021 and 2020 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-336.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-2.44M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-2.80M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $3.38M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-1.74M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $50.43M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $210.66M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $150.20M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $62.50M USD 1 Quarter
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $35.16M USD 3 Qtrs
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $10.54M USD 1 Quarter
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $40.70M USD 3 Qtrs
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $10.24M USD 1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $588.00K USD 1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-321.00K USD 3 Qtrs
Less: Foreign currency translation adjustments attributable to non-controlling interests OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-367.00K USD 1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-715.00K USD 3 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc. ComprehensiveIncomeNetOfTax $39.60M USD 1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc. ComprehensiveIncomeNetOfTax $52.33M USD 1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc. ComprehensiveIncomeNetOfTax $110.21M USD 3 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc. ComprehensiveIncomeNetOfTax $175.82M USD 3 Qtrs
Net income attributable to Tradeweb Markets Inc. NetIncomeLoss $111.24M USD 3 Qtrs
Net income attributable to Tradeweb Markets Inc. NetIncomeLoss $54.76M USD 1 Quarter
Net income attributable to Tradeweb Markets Inc. NetIncomeLoss $36.81M USD 1 Quarter
Net income attributable to Tradeweb Markets Inc. NetIncomeLoss $177.94M USD 3 Qtrs
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 $-2.44M USD 1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc. OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-2.12M USD 3 Qtrs
Foreign currency translation adjustments attributable to Tradeweb Markets Inc. OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $2.79M USD 1 Quarter
Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.82M USD 1 Quarter
Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $34.84M USD 3 Qtrs
Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.18M USD 1 Quarter
Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $39.99M USD 3 Qtrs

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

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