10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001758730-23-000125`
Period End Date	20230331
Filing Date	20230427
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	tw-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 40 Cash Flow Statement 80 Stockholders Equity 30 Comprehensive Income 16

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$129.00K	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$152.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.23B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	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`	$14.22M	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`	$11.63M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$23.91M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$34.19M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $152 and $129 at March 31, 2023 and December 31, 2022, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$142.68M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $152 and $129 at March 31, 2023 and December 31, 2022, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$171.24M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$36.88M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$37.41M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.93M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$22.60M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$138.48M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$141.83M	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`	$1.07B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.05B	USD	Point-in-time
Receivable and due from affiliates	`DueFromAffiliates`	$2.73M	USD	Point-in-time
Receivable and due from affiliates	`DueFromAffiliates`	$3.86M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$679.46M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$689.44M	USD	Point-in-time
Other assets	`OtherAssets`	$74.26M	USD	Point-in-time
Other assets	`OtherAssets`	$79.18M	USD	Point-in-time
Total assets	`Assets`	$6.24B	USD	Point-in-time
Total assets	`Assets`	$6.26B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$11.26M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$14.21M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$150.88M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$65.03M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$22.83M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$30.58M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$46.69M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$53.36M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$27.94M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$25.81M	USD	Point-in-time
Payable and due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$7.23M	USD	Point-in-time
Payable and due to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$9.93M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$20.20M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$21.25M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$425.72M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$420.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$639.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$713.82M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`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`	$4.58B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.58B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.11M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$433.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$386.63M	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$5.00B	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.95B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$592.52M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$597.97M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.60B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.24B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$329.25M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$311.49M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$117.99M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$114.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$45.40M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$17.57M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$15.78M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$13.92M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$10.31M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.86M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.18M	USD	1 Quarter
Occupancy	`OccupancyNet`	$4.12M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.50M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$199.88M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$206.68M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$122.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$111.60M	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$12.49M	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$-447.00K	USD	1 Quarter
Other income (loss), net	`OtherOperatingIncomeExpenseNet`	$341.00K	USD	1 Quarter
Other income (loss), net	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$111.16M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$135.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.20M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$102.19M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.34M	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`	$87.86M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$82.97M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.11M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	204.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	210.14M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$102.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$45.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$13.71M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$11.61M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$11.64M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$24.22M	USD	1 Quarter
Other (income) loss, net	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other (income) loss, net	`OtherNoncashIncomeExpense`	$341.00K	USD	1 Quarter
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$-367.00K	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`	$10.24M	USD	1 Quarter
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$15.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$36.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.31M	USD	1 Quarter
Receivable and due from affiliates/payable and due to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-1.79M	USD	1 Quarter
Receivable and due from affiliates/payable and due to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-692.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.08M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.89M	USD	1 Quarter
Securities sold under agreements to repurchase	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	$20.51M	USD	1 Quarter
Securities sold under agreements to repurchase	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	-	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-88.88M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-81.03M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.73M	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`	$7.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.84M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.24M	USD	1 Quarter
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.06M	USD	1 Quarter
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.88M	USD	1 Quarter
Capitalized software development costs	`PaymentsForSoftware`	$8.98M	USD	1 Quarter
Capitalized software development costs	`PaymentsForSoftware`	$9.84M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.04M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.71M	USD	1 Quarter
Share repurchases pursuant to share repurchase programs	`PaymentsForRepurchaseOfCommonStock`	$47.32M	USD	1 Quarter
Share repurchases pursuant to share repurchase programs	`PaymentsForRepurchaseOfCommonStock`	$20.81M	USD	1 Quarter
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$692.00K	USD	1 Quarter
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$4.39M	USD	1 Quarter
Dividends	`PaymentsOfOrdinaryDividends`	$16.35M	USD	1 Quarter
Dividends	`PaymentsOfOrdinaryDividends`	$18.73M	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$2.28M	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`	$37.30M	USD	1 Quarter
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$8.99M	USD	1 Quarter
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$5.72M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-168.08M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-80.46M	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`	$1.78M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-24.55M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-143.99M	USD	1 Quarter
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$2.76M	USD	1 Quarter
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$4.30M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.06M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.06M	USD	Point-in-time
Furniture, equipment, software and leasehold improvement additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.22M	USD	1 Quarter
Furniture, equipment, software and leasehold improvement additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Unsettled stock-based compensation exercises included in other assets	`UnsettledStockBasedCompensationExercisesIncludedInOtherAssets`	$1.93M	USD	1 Quarter
Unsettled stock-based compensation exercises included in other assets	`UnsettledStockBasedCompensationExercisesIncludedInOtherAssets`	-	USD	1 Quarter
Unsettled share repurchases included in other liabilities	`UnsettledShareRepurchasesIncludedInOtherLiabilities`	-	USD	1 Quarter
Unsettled share repurchases included in other liabilities	`UnsettledShareRepurchasesIncludedInOtherLiabilities`	$1.90M	USD	1 Quarter
Withholding taxes payable relating to stock-based compensation settlements included in accrued compensation	`NoncashFinancingActivitiesWithholdingTaxesPayableRelatingToStockBasedCompensationSettlementsIncludedInAccruedCompensation`	$2.58M	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`	$1.23B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	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`	$1.23B	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`	$1.26B	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.06M	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.60B	USD	Point-in-time
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$6.32M	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$692.00K	USD	1 Quarter
Share repurchases pursuant to share repurchase programs	`StockRepurchasedDuringPeriodValue`	$22.71M	USD	1 Quarter
Share repurchases pursuant to share repurchase programs	`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`	$-15.08M	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
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.18M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.28M	USD	1 Quarter
Dividends	`Dividends`	$18.73M	USD	1 Quarter
Dividends	`Dividends`	$16.35M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$412.00K	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`	$95.76M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$39.88M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$102.19M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.65M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.10M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.60B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$102.19M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three months ended March 31, 2023 and 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.65M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three months ended March 31, 2023 and 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-4.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$2.65M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$104.84M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$93.35M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.34M	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`	$297.00K	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`	$90.21M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$79.40M	USD	1 Quarter

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