10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001758730-23-000158`
Period End Date	20230630
Filing Date	20230727
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	tw-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 82 Cash Flow Statement 82 Stockholders Equity 62 Comprehensive Income 36

Balance Sheet 78 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`	$177.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.50M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$128.01M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$11.63M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$23.94M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $177 and $129 at June 30, 2023 and December 31, 2022, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$163.22M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $177 and $129 at June 30, 2023 and December 31, 2022, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$142.68M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$35.82M	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`	$20.43M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$141.83M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$135.77M	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`	$1.02B	USD	Point-in-time
Receivable and due from affiliates	`OtherReceivables`	$2.73M	USD	Point-in-time
Receivable and due from affiliates	`OtherReceivables`	$4.44M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$708.95M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$689.44M	USD	Point-in-time
Other assets	`OtherAssets`	$73.04M	USD	Point-in-time
Other assets	`OtherAssets`	$74.26M	USD	Point-in-time
Total assets	`Assets`	$6.26B	USD	Point-in-time
Total assets	`Assets`	$6.49B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$128.01M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$11.26M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$84.88M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$150.88M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$27.41M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$22.83M	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`	$40.91M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$23.29M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$27.94M	USD	Point-in-time
Payable and due to affiliates	`OtherLiabilities`	$7.23M	USD	Point-in-time
Payable and due to affiliates	`OtherLiabilities`	$1.74M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$18.91M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$21.25M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$447.98M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$425.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$773.13M	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`	$4.69B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.58B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.82M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$495.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$386.63M	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$5.18B	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.95B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$534.91M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$592.52M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.37B	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`	$5.72B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.49B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.26B	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$608.62M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$297.14M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$310.61M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$639.86M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$218.42M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$227.88M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$109.89M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$103.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$91.29M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$45.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$89.22M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$18.70M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$31.81M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$16.03M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$36.27M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$7.60M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$11.07M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$24.99M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$17.91M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$10.67M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.43M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.57M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$21.84M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$7.16M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$8.15M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$4.03M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.66M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$194.28M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$190.53M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$400.96M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$390.42M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$238.90M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$218.21M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$116.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$106.61M	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$15.11M	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$541.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$94.00K	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$27.60M	USD	2 Qtrs
Other income (loss), net	`OtherOperatingIncomeExpenseNet`	$-115.00K	USD	2 Qtrs
Other income (loss), net	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Other income (loss), net	`OtherOperatingIncomeExpenseNet`	-	USD	2 Qtrs
Other income (loss), net	`OtherOperatingIncomeExpenseNet`	$-456.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$266.39M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$130.99M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$218.30M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$107.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.05M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$39.26M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$62.25M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.55M	USD	1 Quarter
Net income	`ProfitLoss`	$101.94M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$204.13M	USD	2 Qtrs
Net income	`ProfitLoss`	$102.19M	USD	1 Quarter
Net income	`ProfitLoss`	$81.60M	USD	1 Quarter
Net income	`ProfitLoss`	$179.04M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.74M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.26M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.19M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.86M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$89.08M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$151.31M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$68.34M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$176.94M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.84	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.74	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.73	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.83	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	204.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	204.28M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	209.85M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	211.57M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.37M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	211.66M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	213.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.27M	shares	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$101.94M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$204.13M	USD	2 Qtrs
Net income	`ProfitLoss`	$102.19M	USD	1 Quarter
Net income	`ProfitLoss`	$81.60M	USD	1 Quarter
Net income	`ProfitLoss`	$179.04M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$44.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$91.29M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$45.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$89.22M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$27.32M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$34.67M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$49.26M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$30.55M	USD	2 Qtrs
Other (income) loss, net	`OtherNoncashIncomeExpense`	-	USD	2 Qtrs
Other (income) loss, net	`OtherNoncashIncomeExpense`	$-115.00K	USD	2 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$3.00K	USD	2 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$-362.00K	USD	2 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$5.67M	USD	2 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-50.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.64M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.24M	USD	2 Qtrs
Receivable and due from affiliates/payable and due to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$3.93M	USD	2 Qtrs
Receivable and due from affiliates/payable and due to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$5.28M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.33M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.06M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-66.97M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-61.92M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.55M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-966.00K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.01M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.31M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$283.94M	USD	2 Qtrs
Cash paid for foreign currency call option	`PaymentsForDerivativeInstrumentInvestingActivities`	-	USD	2 Qtrs
Cash paid for foreign currency call option	`PaymentsForDerivativeInstrumentInvestingActivities`	$2.39M	USD	2 Qtrs
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.82M	USD	2 Qtrs
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.17M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$20.50M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$18.26M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.06M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.09M	USD	2 Qtrs
Share repurchases pursuant to share repurchase programs	`PaymentsForRepurchaseOfCommonStock`	$30.06M	USD	2 Qtrs
Share repurchases pursuant to share repurchase programs	`PaymentsForRepurchaseOfCommonStock`	$56.32M	USD	2 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$7.62M	USD	2 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$7.58M	USD	2 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$37.78M	USD	2 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$32.71M	USD	2 Qtrs
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$5.57M	USD	2 Qtrs
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$4.75M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$97.98M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$41.75M	USD	2 Qtrs
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$8.99M	USD	2 Qtrs
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$5.72M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-113.30M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-193.13M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.59M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-9.42M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.33M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$139.17M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$960.72M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.40B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$960.72M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.40B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$5.33M	USD	2 Qtrs
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$19.03M	USD	2 Qtrs
Furniture, equipment, software and leasehold improvement additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.20M	USD	2 Qtrs
Furniture, equipment, software and leasehold improvement additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	2 Qtrs
Unsettled share repurchases included in other liabilities	`UnsettledShareRepurchasesIncludedInOtherLiabilities`	$252.00K	USD	2 Qtrs
Unsettled share repurchases included in other liabilities	`UnsettledShareRepurchasesIncludedInOtherLiabilities`	-	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$960.72M	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`	$1.40B	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time

Stockholders Equity 62 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`	$0.09	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.60B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.37B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$692.00K	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$6.32M	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$1.26M	USD	1 Quarter
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$6.92M	USD	1 Quarter
Share repurchases pursuant to share repurchase programs	`StockRepurchasedDuringPeriodValue`	$7.60M	USD	1 Quarter
Share repurchases pursuant to share repurchase programs	`StockRepurchasedDuringPeriodValue`	$9.00M	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`	$-27.83M	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`	$-7.45M	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
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.29M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.28M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.18M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.57M	USD	1 Quarter
Dividends	`Dividends`	$18.73M	USD	1 Quarter
Dividends	`Dividends`	$16.35M	USD	1 Quarter
Dividends	`Dividends`	$16.36M	USD	1 Quarter
Dividends	`Dividends`	$19.05M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.23M	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`	$288.00K	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$282.00K	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$39.88M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$41.70M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$95.76M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.87M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$98.00M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.22M	USD	1 Quarter
Net income	`ProfitLoss`	$101.94M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$204.13M	USD	2 Qtrs
Net income	`ProfitLoss`	$102.19M	USD	1 Quarter
Net income	`ProfitLoss`	$81.60M	USD	1 Quarter
Net income	`ProfitLoss`	$179.04M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.18M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.78M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.65M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.83M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.68M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.60B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.37B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Net income	`ProfitLoss`	$101.94M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$204.13M	USD	2 Qtrs
Net income	`ProfitLoss`	$102.19M	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`	$81.60M	USD	1 Quarter
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Net income	`ProfitLoss`	$179.04M	USD	2 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2023 and 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.18M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2023 and 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.10M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2023 and 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.78M	USD	2 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2023 and 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.65M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2023 and 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.83M	USD	2 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2023 and 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.68M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$1.18M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$3.83M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.68M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-13.78M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$207.97M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$71.92M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$103.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$165.27M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.74M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.26M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.19M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.86M	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$414.00K	USD	2 Qtrs
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.77M	USD	2 Qtrs
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$117.00K	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.24M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$59.90M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$139.30M	USD	2 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$180.36M	USD	2 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$90.15M	USD	1 Quarter

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