Tradeweb Investor Presentation Deck

Reconciliation of Non-GAAP Items (continued) ($ in thousands, except per share and share amounts) The following table summarizes the basic and diluted earnings per share calculations for Tradeweb Markets Inc.: EPS: Net income attributable to Tradeweb Markets Inc. Numerator: Net income attributable to Tradeweb Markets Inc. Less: Distributed and undistributed earnings allocated to unvested RSUS and unsettled vested PRSUS ¹ Net income attributable to outstanding shares of Class A and Class B common stock - Basic and Diluted Denominator: Weighted average shares of Class A and Class B common stock outstanding - Basic Dilutive effect of PRSUS Dilutive effect of options. Dilutive effect of RSUS Weighted average shares of Class A and Class B common stock outstanding - Diluted 30 Earnings per share - Basic Earnings per share - Diluted January 1, 2018 to September 30, 2018 October 1, 2018 to December 31, 2018 Full Year Ended December 31, 2018 $ $ $ © 2022 Tradeweb Markets LLC. All rights reserved. $ Gross Revenue 505,771 $ 178,637 $ 684,408 $ $ $ $ 214,091 65,308 279,399 6M22 151,309 $ (53) 151,256 $ 204,282,406 $ 765,497 2,080,602 242,867 207,371,372 0.74 $ 0.73 $ 1. During the three and six months ended June 30, 2022, there was a total of 76,426 and 80,778, respectively, weighted average unvested RSUS and unsettled vested PRSUS that were considered a participating security for purposes of calculating earnings per share in accordance with the two-class method. There were none during the three and six months ended June 30, 2021. Adjusted Adjusted EBITDA EBITDA ¹ Margin¹ 42.3% $ 137,327 $ 0.64 36.6% $ 40,839 $ 0.18 40.8% $ 178,166 $ 0.82 The following is the calculation of gross revenue, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income and Adjusted Diluted EPS for the full year ended December 31, 2018. Revenue accounts were not, and the non-GAAP financial measures were not materially, impacted by the Refinitiv Transaction or the application of pushdown accounting. See "Disclaimer" for additional information. hooo. Adjusted Adjusted Net Income Diluted EPS 1. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by gross revenue of $684.4 million for the full year ended December 31, 2018. Tradeweb 6M21 123,175 123,175 200,414,714 1,926,771 3,656,412 255,859 206,253,756 0.61 0.60

View entire presentation