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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table summarizes the calculations of basic and diluted earnings per outstanding share of Class A and Class B common stock for Tradeweb Markets Inc.:

						Three Months Ended												Six Months Ended
						June 30,												June 30,
						2022						2021						2022						2021
						(in thousands, except share and per share amounts)
Numerator:
Net income attributable to Tradeweb Markets Inc.						$	68,344					$	55,316					$	151,309					$	123,175
Less: Distributed and undistributed earnings allocated to unvested RSUs and unsettled vested PRSUs (1)						(26)						—						(53)						—
Net income attributable to outstanding shares of Class A and Class B common stock - Basic and Diluted						$	68,318					$	55,316					$	151,256					$	123,175
Denominator:
Weighted average shares of Class A and Class B common stock outstanding - Basic						204,501,035						201,749,985						204,282,406						200,414,714
Dilutive effect of PRSUs						782,955						2,021,234						765,497						1,926,771
Dilutive effect of options						1,839,177						3,461,230						2,080,602						3,656,412
Dilutive effect of RSUs						149,508						231,511						242,867						255,859
Weighted average shares of Class A and Class B common stock outstanding - Diluted						207,272,675						207,463,960						207,371,372						206,253,756
Earnings per share - Basic						$	0.33					$	0.27					$	0.74					$	0.61
Earnings per share - Diluted						$	0.33					$	0.27					$	0.73					$	0.60

(1)During the three and six months ended June 30, 2022, there was a total of 76,426 and 80,778, respectively, weighted average unvested RSUs and unsettled vested PRSUs that were considered a participating security for purposes of calculating earnings per share in accordance with the two-class method. There were none during the three and six months ended June 30, 2021.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the PRSUs, shares underlying options, RSUs and weighted-average LLC Interests that were anti-dilutive for the periods indicated. As a result, these shares, which were outstanding, were excluded from the computation of diluted earnings per share for the periods indicated:

						Three Months Ended												Six Months Ended
						June 30,												June 30,
						2022						2021						2022						2021
Anti-dilutive Shares:
PRSUs						378,265						—						—						—
Options						—						—						—						—
RSUs						338,109						—						43,255						—
LLC Interests						29,971,658						30,531,933						30,133,370						30,871,285

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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