Tradeweb Markets Inc
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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FY2024 · Filed Feb 7, 2025
TW$129.63+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Transaction fees and commissions | $1,423,547 | $1,078,344 | $950,269 |
| Subscription fees | 206,659 | 183,972 | 165,922 |
| LSEG market data fees | 82,145 | 64,336 | 62,721 |
| Other | 13,598 | 11,567 | 9,869 |
| Total revenue | 1,725,949 | 1,338,219 | 1,188,781 |
| Expenses | |||
| Employee compensation and benefits | 592,690 | 460,305 | 432,421 |
| Depreciation and amortization | 219,999 | 185,350 | 178,879 |
| Technology and communications | 98,568 | 77,506 | 65,857 |
| General and administrative | 56,317 | 51,495 | 46,561 |
| Professional fees | 60,132 | 42,364 | 37,764 |
| Occupancy | 20,215 | 15,930 | 14,726 |
| Total expenses | 1,047,921 | 832,950 | 776,208 |
| Operating income | 678,028 | 505,269 | 412,573 |
| Tax receivable agreement liability adjustment (1) | 7,730 | (9,517) | 13,653 |
| Interest income | 74,037 | 67,397 | 13,712 |
| Interest expense | (4,279) | (2,047) | (1,805) |
| Other income (loss), net | (1,114) | (13,122) | (1,000) |
| Income before taxes | 754,402 | 547,980 | 437,133 |
| Provision for income taxes | (184,439) | (128,477) | (77,520) |
| Net income | 569,963 | 419,503 | 359,613 |
| Less: Net income attributable to non-controlling interests | 68,456 | 54,637 | 50,275 |
| Net income attributable to Tradeweb Markets Inc. | $501,507 | $364,866 | $309,338 |
| Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders: | |||
| Basic | $2.35 | $1.73 | $1.50 |
| Diluted | $2.33 | $1.71 | $1.48 |
| Weighted average shares outstanding: | |||
| Basic | 213,030,056 | 210,796,802 | 205,576,637 |
| Diluted | 214,924,763 | 212,668,808 | 208,400,040 |
(1)See Note 10 – Tax Receivable Agreement.
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