7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-10-01 2019-09-30 2019-06-30 2019-03-31 
      
    		                            
      revenues
    		                            
      transaction fees and commissions
    		421,309,000 429,768,000 421,344,000 384,128,000 373,493,000 330,475,000 335,451,000 301,800,000 263,485,000 246,461,000 266,598,000 232,780,000 228,015,000 237,669,000 251,805,000 216,841,000 206,316,000 205,381,000 217,816,000          
      subscription fees
    		60,830,000 57,392,000 55,777,000 55,026,000 51,206,000 50,746,000 49,681,000 47,489,000 46,361,000 45,748,000 44,374,000 41,585,000 41,342,000 41,540,000 41,455,000 41,307,000 41,390,000 37,883,000 37,868,000 36,652,000 36,217,000 35,006,000 34,445,000  -71,346,000 35,387,000 34,566,000  
      lseg market data fees
    		20,534,000 20,569,000 28,925,000 20,552,000 20,512,000 20,581,000 20,500,000                      
      other
    		5,925,000 5,242,000 3,631,000 3,638,000 3,704,000 3,149,000 3,107,000 2,890,000 3,051,000 2,943,000 2,683,000 2,310,000 2,388,000 2,503,000 2,668,000 2,619,000 2,617,000 2,650,000 2,598,000 2,349,000 2,205,000 2,275,000 1,894,000  -3,922,000 2,007,000 2,169,000 1,894,000 
      total revenue
    		508,598,000 512,971,000 509,677,000 463,344,000 448,915,000 404,951,000 408,739,000 370,000,000 328,357,000 310,613,000 329,249,000 293,042,000 287,115,000 297,138,000 311,486,000 276,883,000 265,325,000 260,840,000 273,399,000 233,076,000 212,870,000 212,107,000 186,792,000  -399,621,000 200,981,000 190,485,000 186,792,000 
      yoy
    		13.29% 26.67% 24.69% 25.23% 36.72% 30.37% 24.14% 26.26% 14.36% 4.53% 5.70% 5.84% 8.21% 13.92% 13.93% 18.80% 24.64% 22.98% 46.37%  -153.27% 5.54% -1.94%      
      qoq
    		-0.85% 0.65% 10.00% 3.21% 10.86% -0.93% 10.47% 12.68% 5.71% -5.66% 12.36% 2.06% -3.37% -4.61% 12.50% 4.36% 1.72% -4.59% 17.30% 9.49% 0.36% 13.55%   -298.84% 5.51% 1.98%  
      expenses
    		                            
      employee compensation and benefits
    		164,993,000 169,693,000 176,877,000 152,206,000 160,161,000 137,236,000 143,087,000 125,872,000 116,016,000 103,924,000 114,493,000 101,820,000 102,720,000 109,890,000 117,991,000 107,153,000 98,036,000 98,449,000 103,622,000 86,305,000 83,967,000 88,866,000 77,273,000  -172,476,000 79,644,000 95,995,000 77,273,000 
      depreciation and amortization
    		64,351,000 63,048,000 62,699,000 62,854,000 57,872,000 49,936,000 49,337,000 47,500,000 46,559,000 45,887,000 45,404,000 44,881,000 44,778,000 44,770,000 44,450,000 43,652,000 44,823,000 41,867,000 40,966,000 39,837,000 38,857,000 37,919,000 33,503,000  -69,908,000 35,133,000 34,292,000 33,503,000 
      technology and communications
    		33,867,000 30,212,000 28,728,000 28,728,000 24,300,000 24,230,000 21,310,000 21,505,000 19,733,000 18,701,000 17,567,000 17,231,000 16,816,000 16,034,000 15,776,000 13,941,000 14,747,000 13,957,000 13,544,000 13,103,000 12,037,000 12,042,000 10,040,000  -19,179,000 9,527,000 9,519,000  
      general and administrative
    		16,892,000 29,984,000 19,740,000 12,291,000 20,417,000 12,755,000 10,854,000 19,803,000 6,700,000 11,072,000 13,920,000 21,755,000 6,892,000 7,601,000 10,313,000 10,344,000 9,561,000 8,789,000 3,459,000 10,302,000 8,657,000 7,523,000 9,089,000  -14,124,000 7,507,000 9,365,000  
      professional fees
    		11,483,000 14,159,000 12,458,000 13,574,000 21,434,000 13,324,000 11,800,000 10,043,000 10,479,000 10,666,000 11,176,000 11,932,000 9,400,000 8,575,000 7,857,000 7,188,000 8,897,000 10,368,000 9,728,000 7,967,000 7,388,000 6,609,000 6,971,000  -12,787,000 7,272,000 6,738,000 6,971,000 
      occupancy
    		6,641,000 6,022,000 5,074,000 5,151,000 5,415,000 4,976,000 4,673,000 3,647,000 4,132,000 4,028,000 4,123,000 3,869,000 3,699,000 3,661,000 3,497,000 3,424,000 3,733,000 3,618,000 3,753,000 3,982,000 3,443,000 3,509,000 3,639,000  -7,592,000 3,640,000 3,621,000  
      total expenses
    		298,227,000 313,118,000 305,576,000 274,804,000 289,599,000 242,457,000 241,061,000 228,370,000 203,619,000 194,278,000 206,683,000 201,488,000 184,305,000 190,531,000 199,884,000 185,702,000 179,797,000 177,048,000 175,072,000 161,496,000 154,349,000 156,468,000 140,515,000  -296,066,000 142,723,000 159,530,000 140,515,000 
      operating income
    		210,371,000 199,853,000 204,101,000 188,540,000 159,316,000 162,494,000 167,678,000 141,630,000 124,738,000 116,335,000 122,566,000 91,554,000 102,810,000 106,607,000 111,602,000 91,181,000 85,528,000 83,792,000 98,327,000 71,580,000 58,521,000 55,639,000 46,277,000  -103,555,000 58,258,000 30,955,000 46,277,000 
      yoy
    		32.05% 22.99% 21.72% 33.12% 27.72% 39.68% 36.81% 54.70% 21.33% 9.13% 9.82% 0.41% 20.21% 27.23% 13.50% 27.38% 46.15% 50.60% 112.47%  -156.51% -4.50% 49.50%      
      qoq
    		5.26% -2.08% 8.25% 18.34% -1.96% -3.09% 18.39% 13.54% 7.22% -5.08% 33.87% -10.95% -3.56% -4.48% 22.40% 6.61% 2.07% -14.78% 37.37% 22.32% 5.18% 20.23%   -277.75% 88.20% -33.11%  
      operating margin %
    		41.36% 38.96% 40.05% 40.69% 35.49% 40.13% 41.02% 38.28% 37.99% 37.45% 37.23% 31.24% 35.81% 35.88% 35.83% 32.93% 32.24% 32.12% 35.96% 30.71% 27.49% 26.23% 24.77%  25.91% 28.99% 16.25% 24.77% 
      tax receivable agreement liability adjustment
    		   8,600,000 -870,000                        
      interest income
    		20,348,000 14,972,000 13,849,000 14,803,000 16,663,000 21,511,000 21,060,000 20,285,000 17,465,000 15,109,000 12,491,000 8,400,000 3,413,000 541,000 -447,000 -411,000 -361,000 -325,000 -493,000 -380,000 -349,000 -286,000 858,000  -882,000 636,000 175,000  
      interest expense
    		-522,000 -429,000 -587,000 -573,000 -1,446,000 -542,000 -1,718,000                      
      other income
    		39,420,000 12,665,000 4,221,000 -1,124,000 10,000   -11,100,000 -1,907,000 -456,000 341,000                  
      income before taxes
    		269,617,000 227,061,000 221,584,000 210,246,000 173,673,000 183,463,000 187,020,000 141,298,000 140,296,000 130,988,000 135,398,000 112,607,000 106,223,000 107,148,000 111,155,000 103,515,000 85,167,000 83,467,000 97,834,000 82,625,000 58,172,000 55,353,000 47,135,000  -104,437,000 58,894,000 31,130,000 47,135,000 
      benefit from income taxes
    		-59,068,000 -51,539,000 -53,279,000 -50,304,000 -43,450,000 -47,047,000 -43,638,000 -37,557,000 -28,666,000 -29,049,000 -33,205,000 -13,605,000 -24,657,000 -25,548,000 -13,710,000 -43,510,000 -19,862,000 -17,234,000 -16,269,000 -16,176,000 -11,124,000 -12,945,000 -4,783,000  17,998,000 -10,316,000 -6,314,000  
      net income
    		210,549,000 175,522,000 168,305,000 159,942,000 130,223,000 136,416,000 143,382,000 103,741,000 111,630,000 101,939,000 102,193,000 99,002,000 81,566,000 81,600,000 97,445,000 60,005,000 65,305,000 66,233,000 81,565,000 66,449,000 47,048,000 42,408,000 42,352,000  -86,439,000 48,578,000 24,816,000 42,352,000 
      yoy
    		61.68% 28.67% 17.38% 54.17% 16.66% 33.82% 40.31% 4.79% 36.86% 24.93% 4.87% 64.99% 24.90% 23.20% 19.47% -9.70% 38.81% 56.18% 92.59%  -154.43% -12.70% 70.66%      
      qoq
    		19.96% 4.29% 5.23% 22.82% -4.54% -4.86% 38.21% -7.07% 9.51% -0.25% 3.22% 21.38% -0.04% -16.26% 62.39% -8.12% -1.40% -18.80% 22.75% 41.24% 10.94% 0.13%   -277.94% 95.75% -41.41%  
      net income margin %
    		41.40% 34.22% 33.02% 34.52% 29.01% 33.69% 35.08% 28.04% 34.00% 32.82% 31.04% 33.78% 28.41% 27.46% 31.28% 21.67% 24.61% 25.39% 29.83% 28.51% 22.10% 19.99% 22.67%  21.63% 24.17% 13.03% 22.67% 
      less: net income attributable to non-controlling interests
    		24,913,000 21,740,000 19,923,000 17,732,000 16,307,000 17,177,000 17,240,000 14,427,000 13,016,000 12,857,000 14,337,000 10,056,000 12,483,000 13,256,000 14,480,000 11,115,000 10,542,000 10,917,000 13,706,000 11,389,000 10,236,000 11,912,000   7,738,500 18,966,000 11,988,000  
      net income attributable to tradeweb markets inc.
    		185,636,000 153,782,000 148,382,000 142,210,000 113,916,000 119,239,000 126,142,000 89,314,000 98,614,000 89,082,000 87,856,000 88,946,000 69,083,000 68,344,000 82,965,000 48,890,000 54,763,000 55,316,000 67,859,000 55,060,000 36,812,000 30,496,000   10,610,000 29,612,000 12,828,000  
      earnings per share attributable to tradeweb markets inc. class a and b common stockholders:
    		                            
      basic
    		0.87 0.72 0.7 0.66 0.53 0.56 0.59 0.42 0.47 0.42 0.42 0.42 0.34 0.33 0.41 0.223 0.27 0.27 0.34 0.158 0.2 0.17 0.19  -0.06 0.21 0.09  
      diluted
    		0.86 0.71 0.69 0.66 0.53 0.55 0.59 0.41 0.46 0.42 0.42 0.42 0.33 0.33 0.4 0.215 0.26 0.27 0.33 0.15 0.19 0.16 0.19  -0.06 0.2 0.09  
      weighted-average shares outstanding:
    		                            
      basic
    		213,359,090 213,339,761 213,087,496 213,030,056 213,206,193 213,162,158 212,709,872 210,796,802 211,618,475 211,569,728 208,105,437 205,576,637 205,721,162 204,501,035 204,061,347  202,238,122 201,749,985 199,064,607  187,774,170 177,649,501 222,222,197  222,221,628 142,935,206 142,933,192 222,222,197 
      diluted
    		214,983,486 214,971,946 214,895,418 214,924,763 215,096,974 214,895,947 214,660,853 212,668,808 213,491,634 213,156,753 210,143,734 208,400,040 208,329,469 207,272,675 207,497,102  208,197,439 207,463,960 205,028,717  194,955,695 185,489,824 223,320,457  222,243,851 151,362,643 150,847,183 223,320,457 
      refinitiv market data fees
    		       11,628,750 15,460,000 15,461,000 15,594,000 16,367,000 15,370,000 15,426,000 15,558,000 16,116,000 15,002,000 14,926,000 15,117,000 16,240,000 14,273,000 14,565,000 13,616,000  -26,785,000 13,251,000 13,385,000 13,616,000 
      transaction fees
    		                   134,922,000 120,582,000 122,146,000 102,640,000  -222,208,000 112,746,000 103,952,000  
      commissions
    		                   42,913,000 39,593,000 38,115,000 34,197,000  -75,360,000 37,590,000 36,413,000  
      less: pre-ipo net income attributable to tradeweb markets llc
    		                        10,588,000    
      net income attributable to tradeweb markets inc. and non-controlling interests
    		                   66,449,000 47,048,000 42,408,000   18,348,500 48,578,000 24,816,000  
      eps calculations for post-ipo and pre-ipo periods
    		                            
      earnings per share
    		                            
      basic
    		0.87 0.72 0.7 0.66 0.53 0.56 0.59 0.42 0.47 0.42 0.42 0.42 0.34 0.33 0.41 0.223 0.27 0.27 0.34 0.158 0.2 0.17 0.19  -0.06 0.21 0.09  
      diluted
    		0.86 0.71 0.69 0.66 0.53 0.55 0.59 0.41 0.46 0.42 0.42 0.42 0.33 0.33 0.4 0.215 0.26 0.27 0.33 0.15 0.19 0.16 0.19  -0.06 0.2 0.09  
      weighted-average shares outstanding
    		                            
      basic
    		213,359,090 213,339,761 213,087,496 213,030,056 213,206,193 213,162,158 212,709,872 210,796,802 211,618,475 211,569,728 208,105,437 205,576,637 205,721,162 204,501,035 204,061,347  202,238,122 201,749,985 199,064,607  187,774,170 177,649,501 222,222,197  222,221,628 142,935,206 142,933,192 222,222,197 
      diluted
    		214,983,486 214,971,946 214,895,418 214,924,763 215,096,974 214,895,947 214,660,853 212,668,808 213,491,634 213,156,753 210,143,734 208,400,040 208,329,469 207,272,675 207,497,102  208,197,439 207,463,960 205,028,717  194,955,695 185,489,824 223,320,457  222,243,851 151,362,643 150,847,183 223,320,457 
      contingent consideration
    		                            
      eps calculations for pre-ipo and post-ipo periods
    		                            
      transaction fees including from related parties of 59,643 and 52,918 in the three months ended march 31, 2019 and 2018, respectively
    		                           102,640,000 
      subscription fees including from related parties of 5,670 and 5,220 in the three months ended march 31, 2019 and 2018, respectively
    		                           34,445,000 
      commissions including from related parties of 16,186 and 11,631 in the three months ended march 31, 2019 and 2018, respectively
    		                           34,197,000 
      technology and communications including from related parties of 740 in both the three months ended march 31, 2019 and 2018
    		                           10,040,000 
      general and administrative including from related parties of 180 in both the three months ended march 31, 2019 and 2018
    		                           9,089,000 
      occupancy including from related parties of 155 in both the three months ended march 31, 2019 and 2018
    		                           3,639,000 
      interest income including from related parties of 208 and 21 in the three months ended march 31, 2019 and 2018, respectively
    		                           858,000 
      net income per share
    		                            
      basic
    		                           0.19 
      diluted
    		                           0.19 
      weighted-average number of shares outstanding
    		                            
      basic
    		213,359,090 213,339,761 213,087,496 213,030,056 213,206,193 213,162,158 212,709,872 210,796,802 211,618,475 211,569,728 208,105,437 205,576,637 205,721,162 204,501,035 204,061,347  202,238,122 201,749,985 199,064,607  187,774,170 177,649,501 222,222,197  222,221,628 142,935,206 142,933,192 222,222,197 
      diluted
    		214,983,486 214,971,946 214,895,418 214,924,763 215,096,974 214,895,947 214,660,853 212,668,808 213,491,634 213,156,753 210,143,734 208,400,040 208,329,469 207,272,675 207,497,102  208,197,439 207,463,960 205,028,717  194,955,695 185,489,824 223,320,457  222,243,851 151,362,643 150,847,183 223,320,457 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.