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Consolidated Statements of Income
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
$ / shares
shares
Revenues  
Financial Designation, Predecessor and Successor [Fixed List] Successor
Gross revenue $ 775,566
Net revenue 775,566
Expenses  
Employee compensation and benefits 329,457
Depreciation and amortization 139,330
Technology and communications 39,285
General and administrative 34,960
Professional fees 28,029
Occupancy 14,686
Total expenses 585,747
Operating income 189,819
Tax receivable agreement liability adjustment 33,134
Net interest income 2,373
Income before taxes 225,326
Provision for income taxes (52,302)
Net income 173,024
Net income attributable to Tradeweb Markets Inc. and non-controlling interests 130,672
Less: Net income attributable to non-controlling interests 46,903
Net income attributable to Tradeweb Markets Inc. $ 83,769
EPS calculations for pre-IPO and post-IPO periods  
Basic | $ / shares $ 0.57
Diluted | $ / shares $ 0.54
Weighted average shares outstanding  
Basic | shares 148,013,274
Diluted | shares 156,540,246
Transaction fees  
Revenues  
Gross revenue $ 423,583
Subscription fees  
Revenues  
Gross revenue 138,731
Commissions  
Revenues  
Gross revenue 149,365
Refinitiv market data fees  
Revenues  
Gross revenue 55,635
Other  
Revenues  
Gross revenue 8,252
Tradeweb Markets LLC  
Expenses  
Less: Pre-IPO net income attributable to Tradeweb Markets LLC 42,352
Net income attributable to Tradeweb Markets Inc. $ 42,352
EPS calculations for pre-IPO and post-IPO periods  
Basic | $ / shares $ 0.19
Diluted | $ / shares $ 0.19
Weighted average shares outstanding  
Basic | shares 222,222,197
Diluted | shares 223,320,457