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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 1,257,229 $ 972,048
Restricted cash 1,000 1,000
Receivable from brokers and dealers and clearing organizations 11,632 0
Deposits with clearing organizations 23,906 20,523
Accounts receivable, net of allowance for credit losses of $129 and $273 at December 31, 2022 and 2021, respectively 142,676 129,937
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization 37,413 31,060
Lease right-of-use assets 24,933 20,496
Software development costs, net of accumulated amortization 141,833 156,203
Goodwill 2,780,259 2,780,259
Intangible assets, net of accumulated amortization 1,072,818 1,180,016
Receivable from affiliates 6 3,313
Deferred tax asset 689,442 618,970
Other assets 76,984 76,355
Total assets 6,260,131 5,990,180
Liabilities    
Payable to brokers and dealers and clearing organizations 11,264 0
Accrued compensation 150,884 154,824
Deferred revenue 22,827 24,930
Accounts payable, accrued expenses and other liabilities 52,508 38,832
Lease liabilities 27,943 24,331
Payable to affiliates 1,414 4,860
Deferred tax liability 21,251 21,011
Tax receivable agreement liability 425,724 412,449
Total liabilities 713,815 681,237
Commitments and contingencies (Note 17)
Equity    
Preferred stock, $0.00001 par value; 250,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 4,577,270 4,401,366
Accumulated other comprehensive income (loss) (10,113) 1,604
Retained earnings 386,632 242,623
Total stockholders’ equity attributable to Tradeweb Markets Inc. 4,953,791 4,645,595
Non-controlling interests 592,525 663,348
Total equity 5,546,316 5,308,943
Total liabilities and equity 6,260,131 5,990,180
Class A Common Stock    
Equity    
Common stock 1 1
Class B Common Stock    
Equity    
Common stock 1 1
Class C Common Stock    
Equity    
Common stock 0 0
Class D Common Stock    
Equity    
Common stock $ 0 $ 0