10-K Filing

TRADEWEB MARKETS INC. CIK: 1758730 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001758730-24-000025`
Period End Date	20231231
Filing Date	20240209
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	tw-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 63 Cash Flow Statement 132 Stockholders Equity 43 Comprehensive Income 24

Balance Sheet 81 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`	$284.00K	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`	$1.26B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.71B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$972.05M	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
Restricted cash	`RestrictedCash`	$1.00M	USD	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`	$381.18M	USD	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$11.63M	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$36.81M	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
Accounts receivable, net of allowance for credit losses of $284 and $129 at December 31, 2023 and 2022, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$142.68M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $284 and $129 at December 31, 2023 and 2022, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$168.41M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$33.56M	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`	$25.21M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.93M	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`	$131.33M	USD	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Goodwill	`Goodwill`	$2.82B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.07B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.00B	USD	Point-in-time
Receivable and due from affiliates	`OtherReceivables`	$192.00K	USD	Point-in-time
Receivable and due from affiliates	`OtherReceivables`	$2.73M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$684.25M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$689.44M	USD	Point-in-time
Other assets	`OtherAssets`	$70.82M	USD	Point-in-time
Other assets	`OtherAssets`	$74.26M	USD	Point-in-time
Total assets	`Assets`	$7.06B	USD	Point-in-time
Total assets	`Assets`	$6.26B	USD	Point-in-time
Securities sold under agreements to repurchase	`SecuritiesSoldUnderAgreementsToRepurchase`	-	USD	Point-in-time
Securities sold under agreements to repurchase	`SecuritiesSoldUnderAgreementsToRepurchase`	$21.61M	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`	$351.86M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$164.33M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$150.88M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$22.83M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$25.75M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$57.50M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$46.69M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$27.46M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$27.94M	USD	Point-in-time
Payable and due to affiliates	`OtherLiabilities`	$1.33M	USD	Point-in-time
Payable and due to affiliates	`OtherLiabilities`	$7.23M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$20.77M	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`	$457.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13B	USD	Point-in-time
Total liabilities	`Liabilities`	$713.82M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`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`	$4.74B	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`	$-5.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$640.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$386.63M	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.95B	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$5.37B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$557.65M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$592.52M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.93B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.06B	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.34B	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.19B	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.08B	USD	Annual
Employee compensation and benefits	`LaborAndRelatedExpense`	$432.42M	USD	Annual
Employee compensation and benefits	`LaborAndRelatedExpense`	$407.26M	USD	Annual
Employee compensation and benefits	`LaborAndRelatedExpense`	$460.31M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$185.35M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$178.88M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$171.31M	USD	Annual
Technology and communications	`CommunicationsAndInformationTechnology`	$56.19M	USD	Annual
Technology and communications	`CommunicationsAndInformationTechnology`	$65.86M	USD	Annual
Technology and communications	`CommunicationsAndInformationTechnology`	$77.51M	USD	Annual
General and administrative	`OtherGeneralAndAdministrativeExpense`	$32.15M	USD	Annual
General and administrative	`OtherGeneralAndAdministrativeExpense`	$46.56M	USD	Annual
General and administrative	`OtherGeneralAndAdministrativeExpense`	$51.49M	USD	Annual
Professional fees	`ProfessionalFees`	$37.76M	USD	Annual
Professional fees	`ProfessionalFees`	$42.36M	USD	Annual
Professional fees	`ProfessionalFees`	$36.18M	USD	Annual
Occupancy	`OccupancyNet`	$14.73M	USD	Annual
Occupancy	`OccupancyNet`	$15.93M	USD	Annual
Occupancy	`OccupancyNet`	$14.53M	USD	Annual
Total expenses	`CostsAndExpenses`	$776.21M	USD	Annual
Total expenses	`CostsAndExpenses`	$717.62M	USD	Annual
Total expenses	`CostsAndExpenses`	$832.95M	USD	Annual
Operating income	`OperatingIncomeLoss`	$358.83M	USD	Annual
Operating income	`OperatingIncomeLoss`	$412.57M	USD	Annual
Operating income	`OperatingIncomeLoss`	$505.27M	USD	Annual
Tax receivable agreement liability adjustment	`TaxReceivableAgreementLiabilityAdjustment`	$-9.52M	USD	Annual
Tax receivable agreement liability adjustment	`TaxReceivableAgreementLiabilityAdjustment`	$13.65M	USD	Annual
Tax receivable agreement liability adjustment	`TaxReceivableAgreementLiabilityAdjustment`	$12.74M	USD	Annual
Net interest income (expense)	`InterestIncomeExpenseNet`	$65.35M	USD	Annual
Net interest income (expense)	`InterestIncomeExpenseNet`	$11.91M	USD	Annual
Net interest income (expense)	`InterestIncomeExpenseNet`	$-1.59M	USD	Annual
Other income (loss), net	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	Annual
Other income (loss), net	`OtherNonoperatingIncomeExpense`	$-13.12M	USD	Annual
Other income (loss), net	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$437.13M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$369.98M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$547.98M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.48M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$96.88M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$77.52M	USD	Annual
Net income	`ProfitLoss`	$273.11M	USD	Annual
Net income	`ProfitLoss`	$419.50M	USD	Annual
Net income	`ProfitLoss`	$359.61M	USD	Annual
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$50.27M	USD	Annual
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$46.28M	USD	Annual
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$54.64M	USD	Annual
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$364.87M	USD	Annual
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$309.34M	USD	Annual
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$226.83M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.13	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.50	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.73	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.48	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.71	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	201.42M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	210.80M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	205.58M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.25M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	212.67M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	208.40M	shares	Annual

Cash Flow Statement 132 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$273.11M	USD	Annual
Net income	`ProfitLoss`	$419.50M	USD	Annual
Net income	`ProfitLoss`	$359.61M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$185.35M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$178.88M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$171.31M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$51.94M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$65.13M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$66.64M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$89.90M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$52.86M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$85.41M	USD	Annual
Tax receivable agreement liability adjustment	`TaxReceivableAgreementLiabilityAdjustment`	$-9.52M	USD	Annual
Tax receivable agreement liability adjustment	`TaxReceivableAgreementLiabilityAdjustment`	$13.65M	USD	Annual
Tax receivable agreement liability adjustment	`TaxReceivableAgreementLiabilityAdjustment`	$12.74M	USD	Annual
Other (income) loss, net	`OtherNoncashIncomeExpense`	$-13.12M	USD	Annual
Other (income) loss, net	`OtherNoncashIncomeExpense`	$-1.00M	USD	Annual
Other (income) loss, net	`OtherNoncashIncomeExpense`	-	USD	Annual
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$28.95M	USD	Annual
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$-116.00K	USD	Annual
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$368.00K	USD	Annual
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$3.60M	USD	Annual
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-9.27M	USD	Annual
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$12.80M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.23M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.37M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.08M	USD	Annual
Receivable and due from affiliates/payable and due to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$4.24M	USD	Annual
Receivable and due from affiliates/payable and due to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$4.59M	USD	Annual
Receivable and due from affiliates/payable and due to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$-3.13M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.92M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.12M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.02M	USD	Annual
Securities sold under agreements to repurchase	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	-	USD	Annual
Securities sold under agreements to repurchase	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	-	USD	Annual
Securities sold under agreements to repurchase	`IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased`	$21.61M	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-552.00K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$7.96M	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$24.79M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.14M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.99M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.80M	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.19M	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.20M	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.48M	USD	Annual
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	-	USD	Annual
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	-	USD	Annual
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-1.90M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$746.09M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$632.82M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$578.02M	USD	Annual
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$69.71M	USD	Annual
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$207.76M	USD	Annual
Cash paid for foreign currency call option, net of sale proceeds	`PaymentsForDerivativeInstrumentInvestingActivities`	$1.29M	USD	Annual
Cash paid for foreign currency call option, net of sale proceeds	`PaymentsForDerivativeInstrumentInvestingActivities`	-	USD	Annual
Cash paid for foreign currency call option, net of sale proceeds	`PaymentsForDerivativeInstrumentInvestingActivities`	-	USD	Annual
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.88M	USD	Annual
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.21M	USD	Annual
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.53M	USD	Annual
Capitalized software development costs	`PaymentsForSoftware`	$36.88M	USD	Annual
Capitalized software development costs	`PaymentsForSoftware`	$43.23M	USD	Annual
Capitalized software development costs	`PaymentsForSoftware`	$34.47M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-132.76M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.10M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-259.11M	USD	Annual
Share repurchases pursuant to share repurchase programs	`PaymentsForRepurchaseOfCommonStock`	$35.20M	USD	Annual
Share repurchases pursuant to share repurchase programs	`PaymentsForRepurchaseOfCommonStock`	$75.68M	USD	Annual
Share repurchases pursuant to share repurchase programs	`PaymentsForRepurchaseOfCommonStock`	$99.32M	USD	Annual
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$10.19M	USD	Annual
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$93.10M	USD	Annual
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$15.24M	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	$2.79M	USD	Annual
Dividends	`PaymentsOfOrdinaryDividends`	$75.91M	USD	Annual
Dividends	`PaymentsOfOrdinaryDividends`	$64.57M	USD	Annual
Dividends	`PaymentsOfOrdinaryDividends`	$66.01M	USD	Annual
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$10.89M	USD	Annual
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$12.44M	USD	Annual
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$11.13M	USD	Annual
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$71.02M	USD	Annual
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$51.34M	USD	Annual
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$101.67M	USD	Annual
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$6.80M	USD	Annual
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$8.99M	USD	Annual
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$5.72M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-168.17M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-276.70M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-136.10M	USD	Annual
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.09M	USD	Annual
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.04M	USD	Annual
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-10.84M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$285.18M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$449.24M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$180.77M	USD	Annual
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.71B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.71B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$3.88M	USD	Annual
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$28.64M	USD	Annual
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$13.20M	USD	Annual
Furniture, equipment, software and leasehold improvement additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	Annual
Furniture, equipment, software and leasehold improvement additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.83M	USD	Annual
Furniture, equipment, software and leasehold improvement additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.63M	USD	Annual
Withholding taxes payable relating to stock-based compensation settlements included in accrued compensation	`NoncashFinancingActivitiesTaxesPayableRelatingToStockBasedCompensationSettlements`	$178.00K	USD	Annual
Withholding taxes payable relating to stock-based compensation settlements included in accrued compensation	`NoncashFinancingActivitiesTaxesPayableRelatingToStockBasedCompensationSettlements`	-	USD	Annual
Withholding taxes payable relating to stock-based compensation settlements included in accrued compensation	`NoncashFinancingActivitiesTaxesPayableRelatingToStockBasedCompensationSettlements`	-	USD	Annual
Lease right-of-use assets obtained in exchange for lease liabilities, net of modifications and terminations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfModifications`	$10.39M	USD	Annual
Lease right-of-use assets obtained in exchange for lease liabilities, net of modifications and terminations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfModifications`	$-575.00K	USD	Annual
Lease right-of-use assets obtained in exchange for lease liabilities, net of modifications and terminations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfModifications`	$9.12M	USD	Annual
Stock-based compensation expense capitalized to software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.47M	USD	Annual
Stock-based compensation expense capitalized to software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$928.00K	USD	Annual
Stock-based compensation expense capitalized to software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	-	USD	Annual
Other - See Note 14	`NoncashFinancingActivitiesOther`	$1.57M	USD	Annual
Other - See Note 14	`NoncashFinancingActivitiesOther`	$3.10M	USD	Annual
Other - See Note 14	`NoncashFinancingActivitiesOther`	-	USD	Annual
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.71B	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
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.71B	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`	$973.05M	USD	Point-in-time

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	Annual
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	Annual
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.36	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.93B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$15.24M	USD	Annual
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$10.19M	USD	Annual
Issuance of common stock from equity incentive plans	`StockIssuedDuringPeriodValueNewIssues`	$93.10M	USD	Annual
Share repurchases pursuant to share repurchase programs	`StockRepurchasedDuringPeriodValue`	$99.32M	USD	Annual
Share repurchases pursuant to share repurchase programs	`StockRepurchasedDuringPeriodValue`	$75.68M	USD	Annual
Share repurchases pursuant to share repurchase programs	`StockRepurchasedDuringPeriodValue`	$35.20M	USD	Annual
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-88.23M	USD	Annual
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-53.40M	USD	Annual
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-95.67M	USD	Annual
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	Annual
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	Annual
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	Annual
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$12.44M	USD	Annual
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.89M	USD	Annual
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$11.13M	USD	Annual
Dividends	`Dividends`	$64.57M	USD	Annual
Dividends	`Dividends`	$75.91M	USD	Annual
Dividends	`Dividends`	$66.01M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$51.94M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$67.38M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$66.61M	USD	Annual
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$71.02M	USD	Annual
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$51.52M	USD	Annual
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$101.67M	USD	Annual
Net income	`ProfitLoss`	$273.11M	USD	Annual
Net income	`ProfitLoss`	$419.50M	USD	Annual
Net income	`ProfitLoss`	$359.61M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.24M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.22M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.42M	USD	Annual
Other - See Note 14	`StockholdersEquityOther`	$-1.57M	USD	Annual
Other - See Note 14	`StockholdersEquityOther`	$-3.10M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.93B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.55B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustments, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation adjustments, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Net income	`ProfitLoss`	$273.11M	USD	Annual
Foreign currency translation adjustments, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Net income	`ProfitLoss`	$419.50M	USD	Annual
Net income	`ProfitLoss`	$359.61M	USD	Annual
Foreign currency translation adjustments, with no tax benefit for each of the years ended December 31, 2023, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.24M	USD	Annual
Foreign currency translation adjustments, with no tax benefit for each of the years ended December 31, 2023, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.22M	USD	Annual
Foreign currency translation adjustments, with no tax benefit for each of the years ended December 31, 2023, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.42M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-13.24M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$5.42M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-3.22M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$269.89M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$346.37M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$424.92M	USD	Annual
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$50.27M	USD	Annual
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$46.28M	USD	Annual
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$54.64M	USD	Annual
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.83M	USD	Annual
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$569.00K	USD	Annual
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-423.00K	USD	Annual
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$224.03M	USD	Annual
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$297.93M	USD	Annual
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$369.72M	USD	Annual

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