Tradeweb Markets Inc
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 9, 2024
TW$129.63+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2023 | 2022 | 2021 | |
| Revenues | |||
| Transaction fees and commissions | $1,078,344 | $950,269 | $846,354 |
| Subscription fees | 183,972 | 165,922 | 158,448 |
| LSEG market data fees | 64,336 | 62,721 | 61,161 |
| Other | 11,567 | 9,869 | 10,484 |
| Total revenue | 1,338,219 | 1,188,781 | 1,076,447 |
| Expenses | |||
| Employee compensation and benefits | 460,305 | 432,421 | 407,260 |
| Depreciation and amortization | 185,350 | 178,879 | 171,308 |
| Technology and communications | 77,506 | 65,857 | 56,189 |
| General and administrative | 51,495 | 46,561 | 32,153 |
| Professional fees | 42,364 | 37,764 | 36,181 |
| Occupancy | 15,930 | 14,726 | 14,528 |
| Total expenses | 832,950 | 776,208 | 717,619 |
| Operating income | 505,269 | 412,573 | 358,828 |
| Tax receivable agreement liability adjustment (1) | (9,517) | 13,653 | 12,745 |
| Net interest income (expense) | 65,350 | 11,907 | (1,590) |
| Other income (loss), net | (13,122) | (1,000) | — |
| Income before taxes | 547,980 | 437,133 | 369,983 |
| Provision for income taxes | (128,477) | (77,520) | (96,875) |
| Net income | 419,503 | 359,613 | 273,108 |
| Less: Net income attributable to non-controlling interests | 54,637 | 50,275 | 46,280 |
| Net income attributable to Tradeweb Markets Inc. | $364,866 | $309,338 | $226,828 |
| Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders: | |||
| Basic | $1.73 | $1.50 | $1.13 |
| Diluted | $1.71 | $1.48 | $1.09 |
| Weighted average shares outstanding: | |||
| Basic | 210,796,802 | 205,576,637 | 201,419,081 |
| Diluted | 212,668,808 | 208,400,040 | 207,254,840 |
(1)See Note 10 – Tax Receivable Agreement.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.