v3.26.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenue $ 617,764 $ 509,677
Expenses    
Employee compensation and benefits 197,793 176,877
Depreciation and amortization 60,709 62,699
Technology and communications 39,549 28,728
General and administrative 11,944 19,740
Professional fees 12,324 12,458
Occupancy 8,192 5,074
Total expenses 330,511 305,576
Operating income 287,253 204,101
Interest income 17,451 13,849
Interest expense (624) (587)
Other income (loss), net (1,156) 4,221
Income before taxes 302,924 221,584
Provision for income taxes (69,757) (53,279)
Net income 233,167 168,305
Less: Net income attributable to non-controlling interests 27,883 19,923
Net income attributable to Tradeweb Markets Inc. $ 205,284 $ 148,382
Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders:    
Basic (in dollars per share) $ 0.96 $ 0.70
Diluted (in dollars per share) $ 0.96 $ 0.69
Weighted average shares outstanding:    
Basic (in shares) 212,685,136 213,087,496
Diluted (in shares) 213,324,648 214,895,418
Transaction fees and commissions    
Revenues    
Total revenue $ 523,833 $ 421,344
Subscription fees    
Revenues    
Total revenue 60,273 55,777
LSEG market data fees    
Revenues    
Total revenue 26,742 28,925
Other    
Revenues    
Total revenue $ 6,916 $ 3,631