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Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Total revenue $ 1,188,781 $ 1,076,447 $ 892,659
Expenses      
Employee compensation and benefits 432,421 407,260 349,658
Depreciation and amortization 178,879 171,308 153,789
Technology and communications 65,857 56,189 47,500
General and administrative 46,561 32,153 34,822
Professional fees 37,764 36,181 28,875
Occupancy 14,726 14,528 14,660
Total expenses 776,208 717,619 629,304
Operating income 412,573 358,828 263,355
Tax receivable agreement liability adjustment [1] 13,653 12,745 11,425
Net interest income (expense) 11,907 (1,590) (316)
Income (loss) from investments (1,000) 0 0
Income before taxes 437,133 369,983 274,464
Provision for income taxes (77,520) (96,875) (56,074)
Net income 359,613 273,108 218,390
Less: Net income attributable to non-controlling interests 50,275 46,280 52,094
Net income attributable to Tradeweb Markets Inc. $ 309,338 $ 226,828 $ 166,296
Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders:      
Basic (in dollars per share) $ 1.50 $ 1.13 $ 0.92
Diluted (in dollars per share) $ 1.48 $ 1.09 $ 0.88
Weighted average shares outstanding:      
Basic (in shares) 205,576,637 201,419,081 180,409,462
Diluted (in shares) 208,400,040 207,254,840 188,223,032
Transaction fees and commissions      
Revenues      
Total revenue $ 950,269 $ 846,354 $ 681,588
Subscription fees      
Revenues      
Total revenue 165,922 158,448 142,358
Refinitiv market data fees      
Revenues      
Total revenue 62,721 61,161 59,706
Other      
Revenues      
Total revenue $ 9,869 $ 10,484 $ 9,007
[1] See Note 10 – Tax Receivable Agreement.