Tradeweb Markets Inc.

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 30, 2025

TW$129.63+1.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income for the and

Condensed Consolidated Statements of Income

	Three Months Ended
	March 31,
	2025	2024
Revenues
Transaction fees and commissions	$421,344	$335,451
Subscription fees	55,777	49,681
LSEG market data fees	28,925	20,500
Other	3,631	3,107
Total revenue	509,677	408,739
Expenses
Employee compensation and benefits	176,877	143,087
Depreciation and amortization	62,699	49,337
Technology and communications	28,728	21,310
General and administrative	19,740	10,854
Professional fees	12,458	11,800
Occupancy	5,074	4,673
Total expenses	305,576	241,061
Operating income	204,101	167,678
Interest income	13,849	21,060
Interest expense	(587)	(1,718)
Other income (loss), net	4,221	—
Income before taxes	221,584	187,020
Provision for income taxes	(53,279)	(43,638)
Net income	168,305	143,382
Less: Net income attributable to non-controlling interests	19,923	17,240
Net income attributable to Tradeweb Markets Inc.	$148,382	$126,142
Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders:
Basic	$0.70	$0.59
Diluted	$0.69	$0.59
Weighted average shares outstanding:
Basic	213,087,496	212,709,872
Diluted	214,895,418	214,660,853

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.