v3.25.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share
The following table summarizes the calculations of basic and diluted earnings per share of Class A and Class B common stock for Tradeweb Markets Inc.:
Three Months Ended
March 31,
20252024
(dollars in thousands, except per share amounts)
Numerator:
Net income attributable to Tradeweb Markets Inc.$148,382 $126,142 
Less: Distributed and undistributed earnings allocated to participating securities (1)
(129)(95)
Net income attributable to outstanding shares of Class A and Class B common stock - Basic and Diluted$148,253 $126,047 
Denominator:
Weighted average shares of Class A and Class B common stock outstanding - Basic213,087,496 212,709,872 
Dilutive effect of PRSUs434,441 500,978 
Dilutive effect of options289,873 599,574 
Dilutive effect of RSUs and RSAs553,747 444,066 
Dilutive effect of PSUs529,861 406,363 
Weighted average shares of Class A and Class B common stock outstanding - Diluted214,895,418 214,660,853 
Earnings per share - Basic$0.70 $0.59 
Earnings per share - Diluted$0.69 $0.59 
(1)During the three months ended March 31, 2025 and 2024, there was a total of 185,309 and 159,957, respectively, weighted average unvested or unsettled vested stock awards that were considered a participating security for purposes of calculating earnings per share in accordance with the two-class method.
Schedule of Antidilutive Shares
The following table summarizes the PRSUs, shares underlying options, RSUs, RSAs, PSUs and weighted-average LLC Interests held by Continuing LLC Owners that were anti-dilutive for the periods indicated. As a result, these shares, which were outstanding, were excluded from the computation of diluted earnings per share for the periods indicated:
Three Months Ended
March 31,
20252024
Anti-dilutive Shares:
PRSUs— — 
Options— — 
RSUs and RSAs240,797 426,980 
PSUs— — 
LLC Interests23,070,027 23,077,973