Tradeweb Markets Inc.
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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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$128.25+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
TRADEWEB MARKETS INC.
FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025
TABLE OF CONTENTS
| Page | ||
|---|---|---|
| INTRODUCTORY NOTE | 3 | |
| USE OF NON-GAAP FINANCIAL MEASURES | 4 | |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | 6 | |
| PART I — FINANCIAL INFORMATION | ||
| Item 1. | Financial Statements | 8 |
| Condensed Consolidated Statements of Financial Condition as of March 31, 2025 and December 31, 2024 | 8 | |
| Condensed Consolidated Statements of Income for the three months ended March 31, 2025 and 2024 | 9 | |
| Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2025 and 2024 | 10 | |
| Condensed Consolidated Statements of Changes in Equity for the three months ended March 31, 2025 and 2024 | 11 | |
| Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 2024 | 13 | |
| Notes to Condensed Consolidated Financial Statements | 15 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 43 |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 68 |
| Item 4. | Controls and Procedures | 70 |
| PART II — OTHER INFORMATION | 71 | |
| Item 1. | Legal Proceedings | 71 |
| Item 1A. | Risk Factors | 71 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 71 |
| Item 3. | Defaults Upon Senior Securities | 71 |
| Item 4. | Mine Safety Disclosures | 71 |
| Item 5. | Other Information | 71 |
| Item 6. | Exhibits | 72 |
| Signatures | 73 | |
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