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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Gross revenue $ 234,606 $ 186,792
Expenses    
Employee compensation and benefits 90,520 77,273
Depreciation and amortization 37,176 33,503
Technology and communications 10,318 10,040
General and administrative 8,340 9,089
Professional fees 6,911 6,971
Occupancy 3,726 3,639
Total expenses 156,991 140,515
Operating income 77,615 46,277
Net interest income 699 858
Income before taxes 78,314 47,135
Provision for income taxes (15,829) (4,783)
Net income 62,485 42,352
Less: Net income attributable to non-controlling interests 18,557  
Net income attributable to Tradeweb Markets Inc. $ 43,928  
EPS calculations for post-IPO and pre-IPO periods    
Basic $ 0.26  
Diluted $ 0.25  
Weighted average shares outstanding    
Basic 166,234,749  
Diluted 174,517,244  
Transaction fees    
Revenues    
Gross revenue $ 140,824 102,640
Subscription fees    
Revenues    
Gross revenue 34,483 34,445
Commissions    
Revenues    
Gross revenue 42,493 34,197
Refinitiv market data fees    
Revenues    
Gross revenue 14,628 13,616
Other    
Revenues    
Gross revenue $ 2,178 1,894
Tradeweb Markets LLC    
Expenses    
Net income attributable to Tradeweb Markets Inc.   $ 42,352
EPS calculations for post-IPO and pre-IPO periods    
Basic $ 0.26 $ 0.19
Diluted $ 0.25 $ 0.19
Weighted average shares outstanding    
Basic 166,234,749 222,222,197
Diluted 174,517,244 223,320,457