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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Financial Designation, Predecessor and Successor [Fixed List]   Predecessor   Predecessor
Gross revenue $ 200,981 $ 165,253 $ 578,258 $ 505,771
Contingent consideration   2,537   (26,830)
Net revenue 200,981 167,790 578,258 478,941
Expenses        
Employee compensation and benefits 79,644 69,076 252,912 209,053
Depreciation and amortization 35,133 16,362 102,928 48,808
Technology and communications 9,527 9,112 29,086 26,598
General and administrative 7,507 9,386 25,961 23,056
Professional fees 7,272 7,546 20,981 20,360
Occupancy 3,640 3,491 10,900 10,732
Total expenses 142,723 114,973 442,768 338,607
Operating income 58,258 52,817 135,490 140,334
Net interest income 636 673 1,669 1,726
Income before taxes 58,894 53,490 137,159 142,060
Provision for income taxes (10,316) (7,535) (21,413) (11,900)
Net income 48,578 45,955 115,746 130,160
Less: Pre-IPO net income attributable to Tradeweb Markets LLC     42,352  
Net income attributable to Tradeweb Markets Inc. and non-controlling interests 48,578   73,394  
Less: Net income attributable to non-controlling interests 18,966   30,954  
Net income attributable to Tradeweb Markets Inc. $ 29,612   $ 42,440 $ 42,440
Earnings per share        
Basic $ 0.21   $ 0.30 $ 0.30
Diluted $ 0.20   $ 0.28 $ 0.28
Weighted average interests outstanding        
Basic 142,935,206   142,934,221 142,934,221
Diluted 151,362,643   151,158,760 151,158,760
Transaction fees        
Revenues        
Gross revenue $ 112,746 92,582 $ 319,338 $ 273,751
Subscription fees        
Revenues        
Gross revenue 35,387 33,157 104,398 107,130
Commissions        
Revenues        
Gross revenue 37,590 24,394 108,200 79,830
Refinitiv market data fees        
Revenues        
Gross revenue 13,251 12,533 40,252 36,851
Other        
Revenues        
Gross revenue $ 2,007 2,587 6,070 8,209
Tradeweb Markets LLC        
Expenses        
Less: Pre-IPO net income attributable to Tradeweb Markets LLC   45,955 42,352 130,160
Net income attributable to Tradeweb Markets Inc.   $ 45,955 $ 42,352 $ 130,160
Earnings per share        
Basic   $ 0.21 $ 0.19 $ 0.60
Diluted   $ 0.21 $ 0.19 $ 0.60
Weighted average interests outstanding        
Basic   219,165,997 222,222,197 215,365,920
Diluted   219,165,997 223,320,457 215,365,920