$TW
Tradeweb Markets Inc.

2021 Q1 Form 10-Q Financial Statement

#000175873021000014 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $273.4M $234.6M
YoY Change 16.54% 25.6%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $134.1M $119.8M
YoY Change 11.94% 11.96%
% of Gross Profit
Research & Development $13.54M $10.32M
YoY Change 31.27% 2.77%
% of Gross Profit
Depreciation & Amortization $41.00M $37.20M
YoY Change 10.22% -343.14%
% of Gross Profit
Operating Expenses $13.54M $10.32M
YoY Change 31.27% 2.77%
Operating Profit $98.33M $77.62M
YoY Change 26.69% 67.72%
Interest Expense -$500.0K $700.0K
YoY Change -171.43% -22.22%
% of Operating Profit -0.51% 0.9%
Other Income/Expense, Net
YoY Change
Pretax Income $97.83M $78.31M
YoY Change 24.93% 66.15%
Income Tax $16.27M $15.83M
% Of Pretax Income 16.63% 20.21%
Net Earnings $67.86M $43.93M
YoY Change 54.48% 3.72%
Net Earnings / Revenue 24.82% 18.72%
Basic Earnings Per Share $0.34 $0.26
Diluted Earnings Per Share $0.33 $0.25
COMMON SHARES
Basic Shares Outstanding 199.1M shares 166.2M shares
Diluted Shares Outstanding 205.0M shares 174.5M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $820.7M $435.7M
YoY Change 88.36% 17.6%
Cash & Equivalents $809.9M $425.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $169.9M $229.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $990.6M $665.1M
YoY Change 48.94% 20.23%
LONG-TERM ASSETS
Property, Plant & Equipment $32.73M $64.30M
YoY Change -49.09% -7.35%
Goodwill $2.695B
YoY Change
Intangibles $1.157B
YoY Change
Long-Term Investments
YoY Change
Other Assets $663.2M $292.9M
YoY Change 126.43% 24308.33%
Total Long-Term Assets $4.818B $4.520B
YoY Change 6.61% 4.42%
TOTAL ASSETS
Total Short-Term Assets $990.6M $665.1M
Total Long-Term Assets $4.818B $4.520B
Total Assets $5.809B $5.185B
YoY Change 12.04% 6.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.10M $55.20M
YoY Change -54.53% -32.02%
Accrued Expenses $101.4M $91.40M
YoY Change 10.94% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $128.3M $149.9M
YoY Change -14.41% 14.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $452.3M $278.3M
YoY Change 62.52% 876.49%
Total Long-Term Liabilities $452.3M $278.3M
YoY Change 62.52% 876.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.3M $149.9M
Total Long-Term Liabilities $452.3M $278.3M
Total Liabilities $643.8M $1.682B
YoY Change -61.72% 546.14%
SHAREHOLDERS EQUITY
Retained Earnings $207.9M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.519B $3.503B
YoY Change
Total Liabilities & Shareholders Equity $5.809B $5.185B
YoY Change 12.04% 6.21%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $67.86M $43.93M
YoY Change 54.48% 3.72%
Depreciation, Depletion And Amortization $41.00M $37.20M
YoY Change 10.22% -343.14%
Cash From Operating Activities $55.57M -$21.76M
YoY Change -355.41% -88.3%
INVESTING ACTIVITIES
Capital Expenditures $4.359M $1.298M
YoY Change 235.82% -92.62%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$12.63M -$8.361M
YoY Change 51.0% -147.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.849M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$24.45M -$2.277M
YoY Change 973.78% -101.91%
NET CHANGE
Cash From Operating Activities $55.57M -$21.76M
Cash From Investing Activities -$12.63M -$8.361M
Cash From Financing Activities -$24.45M -$2.277M
Net Change In Cash $18.66M -$36.35M
YoY Change -151.32% -25.66%
FREE CASH FLOW
Cash From Operating Activities $55.57M -$21.76M
Capital Expenditures $4.359M $1.298M
Free Cash Flow $51.21M -$23.06M
YoY Change -322.12% -88.67%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001758730
CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2021Q1 dei Amendment Flag
AmendmentFlag
false
CY2021Q1 dei Document Type
DocumentType
10-Q
CY2021Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2021Q1 dei Document Period End Date
DocumentPeriodEndDate
2021-03-31
CY2021Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2021Q1 dei Entity File Number
EntityFileNumber
001-38860
CY2021Q1 dei Entity Registrant Name
EntityRegistrantName
Tradeweb Markets Inc.
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
83-2456358
CY2021Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
1177 Avenue of the Americas
CY2021Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
New York
CY2021Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
CY2021Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10036
CY2021Q1 dei City Area Code
CityAreaCode
646
CY2021Q1 dei Local Phone Number
LocalPhoneNumber
430-6000
CY2021Q1 dei Security12b Title
Security12bTitle
Class A common stock, par value $0.00001
CY2021Q1 dei Trading Symbol
TradingSymbol
TW
CY2021Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2021Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2021Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2021Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q1 dei Entity Shell Company
EntityShellCompany
false
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
809938000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
791280000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
1000000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
1000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
243000 USD
CY2021Q1 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
25362000 USD
CY2020Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
368000 USD
CY2021Q1 us-gaap Deposits With Clearing Organizations And Others Securities
DepositsWithClearingOrganizationsAndOthersSecurities
10783000 USD
CY2020Q4 us-gaap Deposits With Clearing Organizations And Others Securities
DepositsWithClearingOrganizationsAndOthersSecurities
11671000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
177000 USD
CY2021Q1 tw Account Receivable Excluding Receivable From Brokers And Dealers And Clearing Organizations Net Of Allowance
AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance
144494000 USD
CY2020Q4 tw Account Receivable Excluding Receivable From Brokers And Dealers And Clearing Organizations Net Of Allowance
AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance
105286000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32733000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33814000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27072000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
29437000 USD
CY2021Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
165587000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
168030000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
2694797000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
2694797000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1157182000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1182034000 USD
CY2021Q1 us-gaap Due From Affiliates
DueFromAffiliates
2527000 USD
CY2020Q4 us-gaap Due From Affiliates
DueFromAffiliates
111000 USD
CY2021Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
662210000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
579562000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
75249000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
82460000 USD
CY2021Q1 us-gaap Assets
Assets
5808934000 USD
CY2020Q4 us-gaap Assets
Assets
5679850000 USD
CY2021Q1 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
25145000 USD
CY2020Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
252000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
70202000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
129288000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
27186000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
23193000 USD
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
44291000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
42692000 USD
CY2021Q1 tw Equity Compensation Payable
EquityCompensationPayable
0 USD
CY2020Q4 tw Equity Compensation Payable
EquityCompensationPayable
1900000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
31202000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34463000 USD
CY2021Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
1816000 USD
CY2020Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
5142000 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
18804000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
19425000 USD
CY2021Q1 tw Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
425150000 USD
CY2020Q4 tw Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
404332000 USD
CY2021Q1 us-gaap Liabilities
Liabilities
643796000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
660687000 USD
CY2021Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
156041000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
4519020000 USD
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4307046000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4143094000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4102000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4314000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
207870000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
4303451000 USD
CY2021Q1 us-gaap Minority Interest
MinorityInterest
646118000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
715712000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5165138000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5019163000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5808934000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5679850000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
273399000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
234606000 USD
CY2021Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
103622000 USD
CY2020Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
90520000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
40966000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
37176000 USD
CY2021Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
13544000 USD
CY2020Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
10318000 USD
CY2021Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
3459000 USD
CY2020Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
8340000 USD
CY2021Q1 us-gaap Professional Fees
ProfessionalFees
9728000 USD
CY2020Q1 us-gaap Professional Fees
ProfessionalFees
6911000 USD
CY2021Q1 us-gaap Occupancy Net
OccupancyNet
3753000 USD
CY2020Q1 us-gaap Occupancy Net
OccupancyNet
3726000 USD
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
175072000 USD
CY2020Q1 us-gaap Costs And Expenses
CostsAndExpenses
156991000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
98327000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
77615000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-493000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
699000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
97834000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
78314000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16269000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15829000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
81565000 USD
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174517244 shares
CY2021Q1 us-gaap Profit Loss
ProfitLoss
81565000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
62485000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13706000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13706000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18557000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
67859000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
43928000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
199064607 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166234749 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205028717 shares
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
57701000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13706000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13706000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18557000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
81565000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
81565000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
62485000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-343000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4784000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-343000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4784000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
81222000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-46000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-46000 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-1232000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
67562000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40376000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
67859000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
43928000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-297000 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3552000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
67562000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40376000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13706000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13706000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18557000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-46000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-46000 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-1232000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13660000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
17325000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5019163000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2021Q1 tw Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability And Deferred Taxes Reorganization Transaction And Ipo
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo
-65177000 USD
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
46397000 USD
CY2021Q1 tw Minority Interest Increase Decrease From Adjustments
MinorityInterestIncreaseDecreaseFromAdjustments
0 USD
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2504000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2021Q1 us-gaap Dividends
Dividends
16030000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2240000 USD
CY2021Q1 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-45464000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
81565000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-343000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5165138000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4592745000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-336000 USD
CY2020Q1 tw Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability And Deferred Taxes Reorganization Transaction And Ipo
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo
-32736000 USD
CY2020Q1 tw Minority Interest Increase Decrease From Adjustments
MinorityInterestIncreaseDecreaseFromAdjustments
0 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2020Q1 us-gaap Dividends
Dividends
13400000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2249000 USD
CY2020Q1 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-23991000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
62485000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4784000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4688848000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
81565000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
62485000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
40966000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
37176000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10760000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7971000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15997000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7227000 USD
CY2021Q1 us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
101000 USD
CY2020Q1 tw Payments Of Capital Distribution To Noncontrolling Interest
PaymentsOfCapitalDistributionToNoncontrollingInterest
0 USD
CY2020Q1 us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
40563000 USD
CY2021Q1 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-906000 USD
CY2020Q1 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
1668000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
38831000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
43453000 USD
CY2021Q1 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
6491000 USD
CY2020Q1 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-2452000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7226000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9837000 USD
CY2021Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-59275000 USD
CY2020Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-59910000 USD
CY2021Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3995000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2306000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
770000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14067000 USD
CY2021Q1 tw Increase Decrease In Equity Compensation Payable
IncreaseDecreaseInEquityCompensationPayable
-1915000 USD
CY2020Q1 tw Increase Decrease In Equity Compensation Payable
IncreaseDecreaseInEquityCompensationPayable
-11000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55572000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21758000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4359000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1298000 USD
CY2021Q1 us-gaap Payments For Software
PaymentsForSoftware
8266000 USD
CY2020Q1 us-gaap Payments For Software
PaymentsForSoftware
7063000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12625000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8361000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
46397000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
35422000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2020Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
308000 USD
CY2021Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
16030000 USD
CY2020Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
13400000 USD
CY2021Q1 tw Payments Of Capital Distribution To Noncontrolling Interest
PaymentsOfCapitalDistributionToNoncontrollingInterest
2504000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
45464000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
23991000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-6849000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24450000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2277000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
161000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-3958000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18658000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-36354000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
792280000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
461711000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
810938000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
425357000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
-4175000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2867000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
809938000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
791280000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
1000000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
1000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
810938000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
792280000 USD
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5964110 shares
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and the difference may be material to the condensed consolidated financial statements.</span></div>
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationsCertain reclassifications have been made to prior periods' financial information to conform to the current year presentation. This primarily includes an aggregation of transaction fees and commissions into a single revenue category titled “transaction fees and commissions” for all periods presented in condensed consolidated income statements. These reclassifications had no impact on total consolidated revenue or consolidated net income.
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
248500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
223700000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24900000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24900000 USD
CY2021Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTax
-1900000 USD
CY2020Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTax
1500000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.166
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
1000000.0 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
1000000.0 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
23193000 USD
CY2021Q1 tw Contract With Customer Liability New Billings
ContractWithCustomerLiabilityNewBillings
30762000 USD
CY2021Q1 tw Contract With Customer Liability Revenue Recognized Including New Billings
ContractWithCustomerLiabilityRevenueRecognizedIncludingNewBillings
26769000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
27186000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13700000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13300000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.202
CY2021Q1 tw Tax Receivable Agreement Remaining Percentage Of Amount Of Federal State And Local Income Or Franchise Tax Savings
TaxReceivableAgreementRemainingPercentageOfAmountOfFederalStateAndLocalIncomeOrFranchiseTaxSavings
0.50
CY2021Q1 tw Tax Receivable Agreement Remaining Percentage Of Amount Of Federal State And Local Income Or Franchise Tax Savings
TaxReceivableAgreementRemainingPercentageOfAmountOfFederalStateAndLocalIncomeOrFranchiseTaxSavings
0.50
CY2021Q1 tw Tax Receivable Agreement Percentage Of Amount Of Federal State And Local Income Or Franchise Tax Savings
TaxReceivableAgreementPercentageOfAmountOfFederalStateAndLocalIncomeOrFranchiseTaxSavings
0.50
CY2020Q1 tw Transfers From To Noncontrolling Interests
TransfersFromToNoncontrollingInterests
45436000 USD
CY2021Q1 tw Net Income Attributable To Parent And Transfers To From Noncontrolling Interest
NetIncomeAttributableToParentAndTransfersToFromNoncontrollingInterest
148524000 USD
CY2020Q1 tw Net Income Attributable To Parent And Transfers To From Noncontrolling Interest
NetIncomeAttributableToParentAndTransfersToFromNoncontrollingInterest
89364000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
67859000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
43928000 USD
CY2021Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
80665000 USD
CY2020Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
45436000 USD
CY2021Q1 tw Transfers From To Noncontrolling Interests
TransfersFromToNoncontrollingInterests
80665000 USD
CY2021Q1 tw Share Based Compensation Arrangement By Share Based Payment Award Minimum Performance Modifier
ShareBasedCompensationArrangementByShareBasedPaymentAwardMinimumPerformanceModifier
0
CY2021Q1 tw Share Based Compensation Arrangement By Share Based Payment Award Maximum Performance Modifier
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumPerformanceModifier
2
CY2021Q1 tw Share Based Compensation Arrangement By Share Based Payment Award Target Performance Modifier
ShareBasedCompensationArrangementByShareBasedPaymentAwardTargetPerformanceModifier
1
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10760000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7971000 USD
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
696847 shares
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
515145 shares
CY2021Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
65.24
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
46.57
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
45500000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
24000000.0 USD
CY2021Q1 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
4570000 USD
CY2020Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
4009000 USD
CY2021Q1 us-gaap Due From Affiliates
DueFromAffiliates
2527000 USD
CY2020Q4 us-gaap Due From Affiliates
DueFromAffiliates
111000 USD
CY2021Q1 tw Other Assets Related Parties
OtherAssetsRelatedParties
2722000 USD
CY2020Q4 tw Other Assets Related Parties
OtherAssetsRelatedParties
2722000 USD
CY2021Q1 tw Accounts Payable Accrued Expenses And Other Liabilities Related Parties
AccountsPayableAccruedExpensesAndOtherLiabilitiesRelatedParties
7617000 USD
CY2020Q4 tw Accounts Payable Accrued Expenses And Other Liabilities Related Parties
AccountsPayableAccruedExpensesAndOtherLiabilitiesRelatedParties
6140000 USD
CY2021Q1 tw Contract With Customer Liability Related Parties
ContractWithCustomerLiabilityRelatedParties
4500000 USD
CY2020Q4 tw Contract With Customer Liability Related Parties
ContractWithCustomerLiabilityRelatedParties
4500000 USD
CY2021Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
1816000 USD
CY2020Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
5142000 USD
CY2019Q2 tw Consulting Service Fee For Ipo
ConsultingServiceFeeForIpo
1000000.0 USD
CY2020Q2 tw Consulting Service Fee For Follow On Offering
ConsultingServiceFeeForFollowOnOffering
500000 USD
CY2020Q4 tw Consulting Service Fee For Follow On Offering
ConsultingServiceFeeForFollowOnOffering
500000 USD
CY2021Q1 tw Adjustment To Additional Paid In Capital Due To Consulting Service Fee
AdjustmentToAdditionalPaidInCapitalDueToConsultingServiceFee
2000000.0 USD
CY2020 tw Adjustment To Additional Paid In Capital Due To Consulting Service Fee
AdjustmentToAdditionalPaidInCapitalDueToConsultingServiceFee
2000000.0 USD
CY2021Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
625842000 USD
CY2021Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
21000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
541790000 USD
CY2020Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
3409000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
21100000 USD
CY2021Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
21100000 USD
CY2021Q1 us-gaap Excess Capital
ExcessCapital
10000000.0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
67859000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
43928000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
199064607 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166234749 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205028717 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174517244 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
378124 shares
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
273399000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
234606000 USD
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
175072000 USD
CY2020Q1 us-gaap Costs And Expenses
CostsAndExpenses
156991000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
98327000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
77615000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
273399000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
234606000 USD
CY2021Q1 us-gaap Noncurrent Assets
NoncurrentAssets
4077371000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4108113000 USD

Files In Submission

Name View Source Status
0001758730-21-000014-index-headers.html Edgar Link pending
0001758730-21-000014-index.html Edgar Link pending
0001758730-21-000014.txt Edgar Link pending
0001758730-21-000014-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tw-20210331.htm Edgar Link pending
tw-20210331.xsd Edgar Link pending
tw-20210331_cal.xml Edgar Link unprocessable
tw-20210331_def.xml Edgar Link unprocessable
tw-20210331_htm.xml Edgar Link completed
tw-20210331_lab.xml Edgar Link unprocessable
tw-20210331_pre.xml Edgar Link unprocessable
twm-2021x03x31xexx311.htm Edgar Link pending
twm-2021x03x31xexx312.htm Edgar Link pending
twm-2021x03x31xexx321.htm Edgar Link pending
twm-2021x03x31xexx322.htm Edgar Link pending