v3.26.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenue $ 558,946 $ 512,971 $ 1,176,710 $ 1,022,648
Expenses        
Employee compensation and benefits 172,462 169,693 370,255 346,570
Depreciation and amortization 61,487 63,048 122,196 125,747
Technology and communications 41,976 30,212 81,525 58,940
General and administrative 16,616 29,984 28,560 49,724
Professional fees 12,765 14,159 25,089 26,617
Occupancy 8,378 6,022 16,570 11,096
Total expenses 313,684 313,118 644,195 618,694
Operating income 245,262 199,853 532,515 403,954
Interest income 18,151 14,972 35,602 28,821
Interest expense (505) (429) (1,129) (1,016)
Other income (loss), net 7,278 12,665 6,122 16,886
Income before taxes 270,186 227,061 573,110 448,645
Provision for income taxes (63,500) (51,539) (133,257) (104,818)
Net income 206,686 175,522 439,853 343,827
Less: Net income attributable to non-controlling interests 25,368 21,740 53,251 41,663
Net income attributable to Tradeweb Markets Inc. $ 181,318 $ 153,782 $ 386,602 $ 302,164
Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders:        
Basic (in dollars per share) $ 0.85 $ 0.72 $ 1.82 $ 1.42
Diluted (in dollars per share) $ 0.85 $ 0.71 $ 1.81 $ 1.40
Weighted average shares outstanding:        
Basic (in shares) 212,463,597 213,339,761 212,573,754 213,214,326
Diluted (in shares) 212,795,141 214,971,946 213,059,281 214,934,378
Transaction fees and commissions        
Revenues        
Total revenue $ 465,335 $ 429,768 $ 989,168 $ 851,112
Subscription fees        
Revenues        
Total revenue 61,724 57,392 121,997 113,169
LSEG market data fees        
Revenues        
Total revenue 26,496 20,569 53,238 49,494
Other        
Revenues        
Total revenue $ 5,391 $ 5,242 $ 12,307 $ 8,873