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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Gross revenue $ 212,107 $ 190,485 $ 446,713 $ 377,277
Expenses        
Employee compensation and benefits 88,866 95,995 179,386 173,268
Depreciation and amortization 37,919 34,292 75,095 67,795
Technology and communications 12,042 9,519 22,360 19,559
General and administrative 7,523 9,365 15,863 18,454
Professional fees 6,609 6,738 13,520 13,709
Occupancy 3,509 3,621 7,235 7,260
Total expenses 156,468 159,530 313,459 300,045
Operating income 55,639 30,955 133,254 77,232
Net interest income (expense) (286) 175 413 1,033
Income before taxes 55,353 31,130 133,667 78,265
Provision for income taxes (12,945) (6,314) (28,774) (11,097)
Net income 42,408 24,816 104,893 67,168
Less: Net income attributable to non-controlling interests 11,912 11,988 30,469 11,988
Net income attributable to Tradeweb Markets Inc. $ 30,496 $ 12,828 $ 74,424 12,828
EPS calculations for post-IPO and pre-IPO periods        
Basic (in dollars per share) [1] $ 0.17 $ 0.09 $ 0.43  
Diluted (in dollars per share) [1] $ 0.16 $ 0.09 $ 0.41  
Weighted average shares outstanding        
Basic (in shares) [1] 177,649,501 142,933,192 171,942,125  
Diluted (in shares) [1] 185,489,824 150,847,183 180,008,891  
Tradeweb Markets LLC        
Expenses        
Less: Net income attributable to non-controlling interests $ 0 $ 0 $ 0 $ 42,352
EPS calculations for post-IPO and pre-IPO periods        
Basic (in dollars per share) [1]       $ 0.19
Diluted (in dollars per share) [1]       $ 0.19
Weighted average shares outstanding        
Basic (in shares) [1]       222,222,197
Diluted (in shares) [1]       223,320,457
Tradeweb Markets Inc        
Expenses        
Net income 42,408 24,816 104,893 $ 24,816
Less: Net income attributable to non-controlling interests $ 11,912 $ 11,988 $ 30,469 $ 11,988
EPS calculations for post-IPO and pre-IPO periods        
Basic (in dollars per share) $ 0.17 $ 0.09 $ 0.43 $ 0.09 [2]
Diluted (in dollars per share) $ 0.16 $ 0.09 $ 0.41 $ 0.09 [2]
Weighted average shares outstanding        
Basic (in shares) 177,649,501 142,933,192 171,942,125 142,933,192 [2]
Diluted (in shares) 185,489,824 150,847,183 180,008,891 150,847,183 [2]
Transaction fees        
Revenues        
Gross revenue $ 122,146 $ 103,952 $ 262,970 $ 206,592
Subscription fees        
Revenues        
Gross revenue 35,006 34,566 69,489 69,011
Commissions        
Revenues        
Gross revenue 38,115 36,413 80,608 70,610
Refinitiv market data fees        
Revenues        
Gross revenue 14,565 13,385 29,193 27,001
Other        
Revenues        
Gross revenue $ 2,275 $ 2,169 $ 4,453 $ 4,063
[1] Presents information for Tradeweb Markets Inc. (post-IPO period).
[2] Presents information for Tradeweb Markets LLC (pre-IPO period).