Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 1,630,121	$ 1,340,302
Restricted cash	1,000	1,000
Receivable from brokers and dealers and clearing organizations	543,114	67,805
Deposits with clearing organizations	66,926	54,702
Accounts receivable, net of allowance for credit losses of $297 and $447 at June 30, 2025 and December 31, 2024, respectively	264,825	222,268
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	40,680	45,973
Lease right-of-use assets	29,643	33,550
Software development costs, net of accumulated amortization	283,193	296,721
Goodwill	3,150,112	3,150,112
Intangible assets, net of accumulated amortization	1,211,697	1,280,892
Receivable and due from affiliates	736	8,094
Deferred tax asset	651,842	659,203
Other assets	182,166	107,371
Total assets	8,056,055	7,267,993
Liabilities
Payable to brokers and dealers and clearing organizations	542,738	67,816
Accrued compensation	158,387	222,959
Deferred revenue	40,614	30,800
Accounts payable, accrued expenses and other liabilities	146,775	95,290
Lease liabilities	32,322	35,748
Payable and due to affiliates	14,685	763
Deferred tax liability	42,856	42,893
Tax receivable agreement liability	351,402	372,839
Total liabilities	1,329,779	869,108
Commitments and contingencies (Note 13)
Equity
Preferred stock, $0.00001 par value; 250,000,000 shares authorized; none issued or outstanding	0	0
Additional paid-in capital	4,842,990	4,813,408
Accumulated other comprehensive income (loss)	7,031	(9,981)
Retained earnings	1,247,748	996,763
Total stockholders’ equity attributable to Tradeweb Markets Inc.	6,097,771	5,800,192
Non-controlling interests	628,505	598,693
Total equity	6,726,276	6,398,885
Total liabilities and equity	8,056,055	7,267,993
Class A Common Stock
Equity
Common stock, value	1	1
Class B Common Stock
Equity
Common stock, value	1	1
Class C Common Stock
Equity
Common stock, value	0	0
Class D Common Stock
Equity
Common stock, value	$ 0	$ 0