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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

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

						Three Months Ended												Six Months Ended
						June 30,												June 30,
						2024						2023						2024						2023
						(dollars in thousands, except per share amounts)
Numerator:
Net income attributable to Tradeweb Markets Inc.						$	119,239					$	89,082					$	245,381					$	176,938
Less: Distributed and undistributed earnings allocated to unvested RSUs and unsettled vested PRSUs (1)						(70)						(102)						(164)						(225)
Net income attributable to outstanding shares of Class A and Class B common stock - Basic and Diluted						$	119,169					$	88,980					$	245,217					$	176,713
Denominator:
Weighted average shares of Class A and Class B common stock outstanding - Basic						213,162,158						211,569,728						212,936,015						209,847,153
Dilutive effect of PRSUs						568,304						350,713						534,583						318,638
Dilutive effect of options						449,252						1,143,376						524,413						1,306,297
Dilutive effect of RSUs						252,498						92,936						348,282						187,726
Dilutive effect of PSUs						463,735						—						435,049						—
Weighted average shares of Class A and Class B common stock outstanding - Diluted						214,895,947						213,156,753						214,778,342						211,659,814
Earnings per share - Basic						$	0.56					$	0.42					$	1.15					$	0.84
Earnings per share - Diluted						$	0.55					$	0.42					$	1.14					$	0.83

(1)During the three months ended June 30, 2024 and 2023, there was a total of 125,012 and 241,963 and during the six months ended June 30, 2024 and 2023, there was a total of 142,484 and 266,790, 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.

Schedule of Antidilutive Shares

The following table summarizes the PRSUs, shares underlying options, RSUs, PSUs 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,
						2024						2023						2024						2023
Anti-dilutive Shares:
PRSUs						—						—						—						—
Options						—						—						—						—
RSUs						964						113,873						964						113,873
PSUs						—						—						—						—
LLC Interests						23,077,698						23,153,250						23,077,836						24,738,197

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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
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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