Condensed Consolidated Statements of Income - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
|
| Revenues | ||||
| Total revenue | $ 584,545 | $ 508,598 | $ 1,761,255 | $ 1,531,246 |
| Expenses | ||||
| Employee compensation and benefits | 178,927 | 164,993 | 549,182 | 511,563 |
| Depreciation and amortization | 62,319 | 64,351 | 184,515 | 190,098 |
| Technology and communications | 44,623 | 33,867 | 126,148 | 92,807 |
| General and administrative | 17,324 | 16,892 | 45,884 | 66,616 |
| Professional fees | 19,757 | 11,483 | 44,846 | 38,100 |
| Occupancy | 8,165 | 6,641 | 24,735 | 17,737 |
| Total expenses | 331,115 | 298,227 | 975,310 | 916,921 |
| Operating income | 253,430 | 210,371 | 785,945 | 614,325 |
| Interest income | 18,353 | 20,348 | 53,955 | 49,169 |
| Interest expense | (522) | (522) | (1,651) | (1,538) |
| Other income (loss), net | 18,742 | 39,420 | 24,864 | 56,306 |
| Income before taxes | 290,003 | 269,617 | 863,113 | 718,262 |
| Provision for income taxes | (65,098) | (59,068) | (198,355) | (163,886) |
| Net income | 224,905 | 210,549 | 664,758 | 554,376 |
| Less: Net income attributable to non-controlling interests | 27,448 | 24,913 | 80,699 | 66,576 |
| Net income attributable to Tradeweb Markets Inc. | $ 197,457 | $ 185,636 | $ 584,059 | $ 487,800 |
| Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders: | ||||
| Basic (in dollars per share) | $ 0.94 | $ 0.87 | $ 2.76 | $ 2.29 |
| Diluted (in dollars per share) | $ 0.94 | $ 0.86 | $ 2.75 | $ 2.27 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 210,409,905 | 213,359,090 | 211,844,545 | 213,263,111 |
| Diluted (in shares) | 210,903,847 | 214,983,486 | 212,332,878 | 214,951,279 |
| Transaction fees and commissions | ||||
| Revenues | ||||
| Total revenue | $ 491,797 | $ 421,309 | $ 1,480,965 | $ 1,272,421 |
| Subscription fees | ||||
| Revenues | ||||
| Total revenue | 61,410 | 60,830 | 183,407 | 173,999 |
| LSEG market data fees | ||||
| Revenues | ||||
| Total revenue | 26,539 | 20,534 | 79,777 | 70,028 |
| Other | ||||
| Revenues | ||||
| Total revenue | $ 4,799 | $ 5,925 | $ 17,106 | $ 14,798 |
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- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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