XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenue $ 404,951 $ 310,613 $ 813,690 $ 639,862
Expenses        
Employee compensation and benefits 137,236 103,924 280,323 218,417
Depreciation and amortization 49,936 45,887 99,273 91,291
Technology and communications 24,230 18,701 45,540 36,268
General and administrative 12,755 11,072 23,609 24,992
Professional fees 13,324 10,666 25,124 21,842
Occupancy 4,976 4,028 9,649 8,151
Total expenses 242,457 194,278 483,518 400,961
Operating income 162,494 116,335 330,172 238,901
Interest income 21,511 15,576 42,571 28,516
Interest expense (542) (467) (2,260) (916)
Other income (loss), net 0 (456) 0 (115)
Income before taxes 183,463 130,988 370,483 266,386
Provision for income taxes (47,047) (29,049) (90,685) (62,254)
Net income 136,416 101,939 279,798 204,132
Less: Net income attributable to non-controlling interests 17,177 12,857 34,417 27,194
Net income attributable to Tradeweb Markets Inc. $ 119,239 $ 89,082 $ 245,381 $ 176,938
Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders:        
Basic (in dollars per share) $ 0.56 $ 0.42 $ 1.15 $ 0.84
Diluted (in dollars per share) $ 0.55 $ 0.42 $ 1.14 $ 0.83
Weighted average shares outstanding:        
Basic (in shares) 213,162,158 211,569,728 212,936,015 209,847,153
Diluted (in shares) 214,895,947 213,156,753 214,778,342 211,659,814
Transaction fees and commissions        
Revenues        
Total revenue $ 330,475 $ 246,461 $ 665,926 $ 513,059
Subscription fees        
Revenues        
Total revenue 50,746 45,748 100,427 90,122
LSEG market data fees        
Revenues        
Total revenue 20,581 15,461 41,081 31,055
Other        
Revenues        
Total revenue $ 3,149 $ 2,943 $ 6,256 $ 5,626