10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001758730-22-000012`
Period End Date	20220331
Filing Date	20220429
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	tw-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 38 Cash Flow Statement 74 Stockholders Equity 28 Comprehensive Income 22

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$73.00K	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$273.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$828.06M	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`	$972.05M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$91.08M	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`	-	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$35.47M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$20.52M	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 $73 and $273 at March 31, 2022 and December 31, 2021, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$164.97M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $73 and $273 at March 31, 2022 and December 31, 2021, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$129.94M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$35.14M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$31.06M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$28.82M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$20.50M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$152.24M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$156.20M	USD	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.15B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.18B	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$3.31M	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$2.44M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$618.97M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$651.09M	USD	Point-in-time
Other assets	`OtherAssets`	$76.36M	USD	Point-in-time
Other assets	`OtherAssets`	$77.33M	USD	Point-in-time
Total assets	`Assets`	$6.00B	USD	Point-in-time
Total assets	`Assets`	$5.99B	USD	Point-in-time
Securities sold under agreements to repurchase	`SecuritiesSoldUnderAgreementsToRepurchase`	$20.51M	USD	Point-in-time
Securities sold under agreements to repurchase	`SecuritiesSoldUnderAgreementsToRepurchase`	-	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$70.51M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	-	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$154.82M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$74.94M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$27.67M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$24.93M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$47.49M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$38.83M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$24.33M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$31.93M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$4.86M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$4.57M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$21.01M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$20.66M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$409.11M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$412.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$707.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$681.24M	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`	$4.40B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.39B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$242.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$261.92M	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.65B	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.65B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$663.35M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$645.12M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.00B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.99B	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`	$311.49M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$103.62M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$117.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.45M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$15.78M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$13.54M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$10.31M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$3.46M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.73M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.86M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.75M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.50M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$199.88M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$175.07M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$98.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$111.60M	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$-493.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$-447.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$111.16M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$97.83M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.27M	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.71M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.48M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$82.97M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$67.86M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	204.06M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	199.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	205.03M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.45M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$10.76M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$13.71M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$11.64M	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`	$20.57M	USD	1 Quarter
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$15.00M	USD	1 Quarter
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-906.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$36.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.83M	USD	1 Quarter
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$6.49M	USD	1 Quarter
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-692.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.08M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.23M	USD	1 Quarter
Securities sold under agreements to repurchase	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	-	USD	1 Quarter
Securities sold under agreements to repurchase	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	$20.51M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-81.03M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-59.27M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.77M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.14M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$770.00K	USD	1 Quarter
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	-	USD	1 Quarter
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-1.92M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.24M	USD	1 Quarter
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.36M	USD	1 Quarter
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.06M	USD	1 Quarter
Capitalized software development costs	`PaymentsForSoftware`	$8.27M	USD	1 Quarter
Capitalized software development costs	`PaymentsForSoftware`	$8.98M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.62M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.04M	USD	1 Quarter
Share repurchases pursuant to the Share Repurchase Program	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Share repurchases pursuant to the Share Repurchase Program	`PaymentsForRepurchaseOfCommonStock`	$47.32M	USD	1 Quarter
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$46.40M	USD	1 Quarter
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$692.00K	USD	1 Quarter
Dividends	`PaymentsOfOrdinaryDividends`	$16.03M	USD	1 Quarter
Dividends	`PaymentsOfOrdinaryDividends`	$16.35M	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$2.50M	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$2.18M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$93.93M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$45.46M	USD	1 Quarter
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$6.85M	USD	1 Quarter
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$8.99M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.45M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-168.08M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-3.11M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$161.00K	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-143.99M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.66M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.06M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$810.94M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.06M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$810.94M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$-4.17M	USD	1 Quarter
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$2.76M	USD	1 Quarter
Withholding taxes payable relating to stock-based compensation settlements included in accrued compensation	`NoncashFinancingActivitiesWithholdingTaxesPayableRelatingToStockBasedCompensationSettlementsIncludedInAccruedCompensation`	-	USD	1 Quarter
Withholding taxes payable relating to stock-based compensation settlements included in accrued compensation	`NoncashFinancingActivitiesWithholdingTaxesPayableRelatingToStockBasedCompensationSettlementsIncludedInAccruedCompensation`	$1.83M	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$828.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$972.05M	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`	$973.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.06M	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`	$792.28M	USD	Point-in-time

Stockholders Equity 28 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
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.17B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Share repurchases pursuant to the Share Repurchase Program	`StockRepurchasedDuringPeriodValue`	$47.32M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-38.68M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-65.18M	USD	1 Quarter
Deferred taxes arising from issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalIncomeDeferredIncomeTaxEffectFromShareRepurchases`	$6.42M	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
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.18M	USD	1 Quarter
Dividends	`Dividends`	$16.35M	USD	1 Quarter
Dividends	`Dividends`	$16.03M	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`	$1.23M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$45.46M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$95.76M	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.10M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.17B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three months ended March 31, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00K	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three months ended March 31, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-343.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-4.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$93.35M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$81.22M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.71M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.48M	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`	$-530.00K	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$79.40M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$67.56M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$82.97M	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`	$-3.57M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.95M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.66M	USD	1 Quarter

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