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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 1,718,230 $ 1,706,468
Restricted cash 1,000 1,000
Receivable from brokers and dealers and clearing organizations 432,037 381,178
Deposits with clearing organizations 62,694 36,806
Accounts receivable, net of allowance for credit losses of $158 and $284 at June 30, 2024 and December 31, 2023, respectively 233,084 168,407
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization 32,456 33,559
Lease right-of-use assets 25,662 25,206
Software development costs, net of accumulated amortization 151,418 131,332
Goodwill 2,857,713 2,815,524
Intangible assets, net of accumulated amortization 1,004,116 1,004,797
Receivable and due from affiliates 2,980 192
Deferred tax asset 684,200 684,250
Other assets 78,951 70,819
Total assets 7,284,541 7,059,538
Liabilities    
Securities sold under agreements to repurchase 0 21,612
Payable to brokers and dealers and clearing organizations 424,751 351,864
Accrued compensation 119,270 164,329
Deferred revenue 28,174 25,746
Accounts payable, accrued expenses and other liabilities 77,148 57,501
Lease liabilities 28,105 27,463
Payable and due to affiliates 0 1,327
Deferred tax liability 18,751 20,767
Tax receivable agreement liability 380,937 457,523
Total liabilities 1,077,136 1,128,132
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 4,795,562 4,738,758
Accumulated other comprehensive income (loss) (7,920) (5,389)
Retained earnings 843,158 640,384
Total stockholders’ equity attributable to Tradeweb Markets Inc. 5,630,802 5,373,755
Non-controlling interests 576,603 557,651
Total equity 6,207,405 5,931,406
Total liabilities and equity 7,284,541 7,059,538
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