| Benford Chart for TW 10K Filed 2/7/2025 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 1,356 Recent share count: 116,228,794 (1's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
|
On this page of Benford's Law Stocks.com we present our study of Tradeweb Markets Inc. — ticker symbol TW. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/12/2020 to 2/7/2025
for Tradeweb Markets Inc. under CIK number 0001758730.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for TW, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for Tradeweb Markets Inc. based on the past TW filings our system processed in the past.
| Benford's Law Stocks Score for TW = 95 | ||
Starting from a possible score of 100, we made the following score deductions: • We deducted point upon observing the 5's percentage was above the typical coverage universe range. • We deducted points upon observing the 5's percentage was above the company's typical historical range. • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier. • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range. |
| TW's Score Vs. Typical Stock | |||
|
Check our work! We provide our Tradeweb Markets Inc. Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the TW filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 402 numbers that start with the digit 1. Here they are: 12.2 116,163,963 18,000,000 1,340,302 1,706,468 1,000 1,000 168,407 131,332 1,280,892 1,004,797 192 107,371 164,329 1,327 1,128,132 1,000,000,000 115,977,551 115,090,787 1 1 1 1 18,000,000 18,000,000 1,423,547 1,078,344 183,972 165,922 13,598 11,567 1,725,949 1,338,219 1,188,781 185,350 178,879 15,930 14,726 1,047,921 13,653 13,712 1,805 1,114 13,122 1,000 184,439 128,477 1.73 1.50 1.71 1.48 13,242 13,242 1,833 1 1 1,604 10,190 10,190 108,679 108,371 10,894 10,894 101,675 101,675 11,409 1,833 13,242 1 1 10,113 15,238 15,238 126 12,439 12,439 1 1 15,326 15,326 1 1 185,350 178,879 13,653 1,114 13,122 1,000 17,352 12,799 17,228 12,107 1,989 10,195 1,289 18,529 132,765 15,238 10,190 12,439 10,894 101,675 168,174 10,842 1,707,468 1,258,229 1,341,302 1,707,468 1,258,229 152,012 13,198 1,305 1,470 162 1,834 133 178 19,718 10,395 1,474 15,323 124,154 1,340,302 1,706,468 1,257,229 1,000 1,000 1,000 1,341,302 1,707,468 1,258,229 115,977,551 10.0 18,000,000 1 1 165,565 1,894,707 19.5 1.6 15.0 1.3 1.0 1.3 1.4 1.4 125.9 123.6 1,397 12,753 10,625 139 10,764 1,900 1,453 160,000 188,000 1,445 179 1,624 1,496 127,299 1,397 12,753 125,902 16.9 18.4 1,780,366 1,423,362 168,500 117,014 168,500 178,289 185,290 124,166 131,332 188.0 120,727 168,800 168,800 154,300 154,300 141,031 120,534 154,400 137,857 16,543 154,400 115,800 1,624,623 1,224,123 124.4 108.3 107.2 132,877 116,334 116,293 115,795 115,211 13,941 11,768 10,842 14,145 12,548 11,940 13,439 159.2 1,274,636 148,911 148,097 146,804 1,762 1,855 182,117 1,873 164,049 11,232 1,112 10,455 1,278,764 157,805 153,259 15,168 16,243 14,406 1,154 152,125 11,384 184,439 128,477 1.7 1.9 1.6 17.7 17.7 16,939 16,799 1,654 1.0 1.2 10,515 1,176 19,616 1.7 1 13.7 1 10 1 10 10 106,286,821 1,654,825 1,596,352 1,622,769 1,622,769 1,347,067 1,347,067 110,746,606 14,748,823 18,014,731 1,564,003 1,564,003 115,090,787 18,000,000 115,977,551 18,000,000 150.0 125.07 179.9 1,074,467 101.7 100.0 100.0 108,679 108,679 1.7 15.0 100 1,271,913 104.66 1,041,538 10,767 152.8 100 149.00 118.97 110.69 12,213 1,714 1,012,176 1.93 133 1,264 11,984 18,073 12,894 1,023,384 106.45 1,163,899 111.68 1.3 12,781 10,096 1.5 15,285 192 17 1,469 1,044 1,327 1,180 1,308 17 10 1,117,133 1,117,133 10,354 10,354 1,117,133 11,206 1,136,183 1,543,644 1,543,644 1,543,644 1,543,644 10.0 10.4 15 1,189,928 1.2 10,354 11,020 186 186 10,354 11,206 192,877 14,966 1,289 120.7 1.1 163,824 163,824 163,824 168,407 168,407 168,407 17.8 1.3 11.1 1.0 14,000 1.00 10 10 1.25 1.75 1,150,159 1,810,956 1.73 1.50 1.71 1.48 165,565 193,441 19,551 199,775 156,318 152,739 1,208 1,235 11,912 1,813 1,591 1,377 1,683 11,677 11,677 1,070 150 16,500 12,500 14,083 13,309 18,943 1,035,775 143,247 134,521 110,468 118,020 1,725,949 1,338,219 1,188,781 15,930 14,726 1,060,697 1,725,949 1,338,219 1,188,781 13,026 12 | We found 215 numbers that start with the digit 2. Here they are: 284 222,268 25,206 296,721 2,815,524 21,612 222,959 25,746 27,463 20,767 250,000,000 206,659 219,999 20,215 2,047 2.35 2.33 213,030,056 210,796,802 205,576,637 214,924,763 212,668,808 208,400,040 297,929 242,623 2 27,767 27,767 219,999 29,325 28,946 21,081 23,857 2,120 21,612 21,612 2,796 29,758 2,187 20,195 23,214 2,794 27,767 290,261 276,703 285,181 28,641 2,574 2,344 28,006 22.7 21.3 2.3 23.3 23,321 24,718 28,000 292,399 219 24,872 24,872 23,321 24,718 238 2.2 2.1 245,235 295,303 296,721 222,458 24,056 24,000 2,815,524 2,780,259 2,815,524 2,694,797 2,694,797 2,815,524 20,497 25,206 27,463 215 204,897 2,366 25,746 22 25.7 22.8 20,748 2,665 24,657 20,225 2,237 2,344 21.0 21.0 21.0 2.1 2 2.1 24.4 23.4 24.4 23.4 2,311 23,857 26,966 23,908 26,966 23,908 2,591 2.0 2.0 28,873,139 233,747,977 23,092,704 234,023,679 235,101,952 235,984,281 25.0 212,869,038 212,023,979 23,073,538 23,077,973 235,942,576 235,101,952 2.7 250 200 201,546 26,506 250 251,113 25,647 2,999 26.63 28.81 24.37 26.31 20.59 2,097 2,748 25.6 2.3 2,380 291 2 238,182 224,169 224,169 224,169 222,268 222,268 222,268 2,918 2,918 2,918 278,871 290,073 2,918 2,426 2,426 2,426 200,630 2,426 21,612 21,612 21,612 21.6 20 20 21.6 2 250.0 25 25 244 213,030,056 210,796,802 205,576,637 257,076 241,721 214,924,763 212,668,808 208,400,040 2.35 2.33 270,249 23,076,373 23,902,379 28,830,686 2,856 204,134 23,653 2,841 2,029 214 250 220 250 211 20,845 20,251 2,997 28,163 24,038 22,068 2,266 2,167 273,189 20,215 271,116 231,839 29,478 20,348 | We found 156 numbers that start with the digit 3. Here they are: 33 381,178 36,806 33,559 33,550 3,150,112 351,864 30,800 35,748 372,839 350,000,000 300,000,000 37,764 359,613 364,866 309,338 359,613 346,371 369,716 308 32 309,338 359,613 3,100 3,100 386,632 35,205 35,205 36 364,866 359,613 32,314 368 3,597 3,135 3,919 36,882 35,205 366,166 3,632 3 35,923 3,100 3.3 374,601 36.7 360 360 384 316 316 334,588 35,265 340,000 396,500 39,746 3,361 3,390 3,390 3,577 311 340 340 346,494 353,790 37,810 334,588 35,265 3,150,112 3,150,112 323,100 323,100 38,600 3,911 33,550 35,748 3,623 3,318 39,158 3,410 35,748 382,581 30,800 33.8 38,581 32,314 3 3 3,806 372.8 3,251,177 3,265,908 374,601 300.0 387,198 35.2 364,866 309,338 396,518 34,995 35,707 30,645 34,711 35.4 312,058 3.77 3.21 3.87 343,011 37.8 3.3 30,315 33,902 30.7 30 3.1 381,178 381,178 381,178 36,806 36,806 36,806 351,864 351,864 351,864 373,476 373,476 373,476 3.0 3.0 381.2 351.9 3 364,866 309,338 389 364,399 309,094 3,646 3,579 32,499 37,907 3,589 30 39 3,507 373 34,474 30,786 3,125 385,673 312,586 37,764 328,064 359,613 3,990,070 |
| 4's | 5's | 6's |
|---|---|---|
| We found 144 numbers that start with the digit 4. Here they are: 447 45,973 42,893 457,523 450,000,000 4,813,408 4,738,758 460,305 432,421 46,561 42,364 412,573 4,279 437,133 419,503 419,503 424,922 498 496,917 4,401,366 4,577,270 419,503 4,850 4,738,758 40,025 40,025 40 47,952 47,952 4,590 498 4,813,408 419,503 44,221 4,241 4,577 40,960 47,909 43,235 47,997 4,456 4,089 449,239 40,025 49.1 4,988,329 4.5 4.9 4.5 41,705 4.7 4.7 4.5 42,189 4,000 4,000 492 4.6 43.2 478,629 423,524 44,720 46,092 455,315 483,438 444,762 406,088 44,955 492,576 4,492 492 41 451 4.9 4.6 447,185 405,005 42,453 4 4.1 4 4,743 457.5 4,184,083 485,730 485,730 4,435 4,435 416,306 416,306 478,915 478,915 41,705 41,705 478,915 485,730 485,745 48.0 442,633 418,017 4.4 408 46.2 4.44 467,214 41,705 4.7 41,596 48.2 48,108 464 4,713 46 4,871 4 467 458,343 428,926 415,957 460,653 47,387 4,359 46,976 46,126 40,220 4,934 4,813 4,191 43,286 4,640 4,125 43,234 460,305 432,421 46,561 42,364 419,503 487,881 428,139 4,777,770 4,044,230 4,807,248 4,010,418 4,057,256 | We found 133 numbers that start with the digit 5. Here they are: 50 50 5 5,073,538 54,702 57,501 5,073,538 5,077,973 5,389 5,800,192 5,373,755 598,693 557,651 5,931,406 592,690 56,317 51,495 505,269 547,980 569,963 54,637 50,275 501,507 569,963 5,088 5,419 5,088 5,419 564,875 54,637 50,275 569 5,308,943 50,275 592,525 5,546,316 53,395 53,395 51,519 51,519 54,637 569 5,419 5,389 557,651 5,931,406 59,896 59,896 501,507 569,963 5,088 598,693 569,963 52,863 56,459 552 59,052 51,341 5,724 50.8 596 596 588 56,500 530 508,042 51,486 592,024 50,236 55,810 52,180 522,112 537,531 581 542,426 5 530 52,863 5.3 5 5 516,665 52,029 5,099 5,950 50 50 50 5,780,435 5,077,973 5,073,538 59.9 51.5 501,507 500,658 5.5 53.3 59.3 58,207 5,747 5 54,702 54,702 54,702 571,862 571,862 549,585 500.0 500.0 5.0 50.0 5 5 501,507 501,118 589,171 59,886 50,243 52,808 51,600 56,152 5,447 5,755 5,261 594 523 50,974 5,021 5,768 592,690 56,317 51,495 569,963 | We found 95 numbers that start with the digit 6. Here they are: 67,805 659,203 684,250 67,816 640,384 6,398,885 64,336 62,721 65,857 60,132 678,028 67,397 68,456 68,456 663,348 66,006 66,006 67,380 67,380 66,607 66,607 640,384 6,743 6,743 68,456 6,398,885 65,128 66,644 632,822 69,712 60,096 6,743 66,006 693 6,579 69,712 689,203 61,124 6 66,502 666,831 681,697 64,336 62,721 66,591 6.1 6.3 602,936 6,722 644,930 687,391 643,276 687,391 616,310 663,483 64.57 69.56 69.56 669,165 610,477 69.70 65,128 66,644 688 6,459 6,508 64,336 62,721 677 601 613 6,386 67 666 666 67,805 67,805 67,805 67,816 67,816 67,816 67,816 67,816 67,816 67.8 6,428 63,532 6,963 6,838 6,465 6,504 65,857 60,132 665,252 6,293 |
| 7's | 8's | 9's |
|---|---|---|
| We found 81 numbers that start with the digit 7. Here they are: 70,819 7,267,993 7,059,538 763 7,267,993 7,059,538 77,506 776,208 7,730 74,037 754,402 77,520 77,767 77,641 75,909 75,909 7,730 7,964 746,089 75,909 76,956 785 774.2 773.8 770.9 72 7,465 797,570 774,249 70,208 72,848 754.4 720.6 7,260 79,264 77,520 7 74,465 742 7.7 77.43 74.3 72.48 715,101 72.02 77,767 77,767 74.34 74.30 7,043 77.4 73.35 74.52 7,952 786 7 763 7 72 7,844 7,844 7,844 775 775 775 775 792 752,641 752,641 7.7 75 770,726 78,127 748 7,690 7,935 797,038 719,211 77,506 760,642 75.8 | We found 57 numbers that start with the digit 8. Here they are: 8,094 869,108 82,145 832,950 88,230 88,230 849 851 85,232 85,232 89,649 89,896 8,538 897,741 860,126 85,232 8,995 844 81,401 89.9 85,209 8 89.2 80.1 886 82,465 80,339 803,465 82,145 862 806,200 89,896 849 849 8,841,864 80.10 80.03 83.74 86,592 86.00 80.27 89,649 8,094 82,145 852 852 852 852 8.9 850 8,073 858 843 840 8,669 85,913 850,338 | We found 73 numbers that start with the digit 9. Here they are: 96,933,192 95,290 96,933,192 96,933,192 9,981 996,763 950,269 9,869 98,568 9,517 99,323 99,323 92,009 92,009 9,981 996,763 9,517 969,190 99,323 973,048 9,122 928 90.2 9.8 96,933,192 92.0 95.8 9,025 924,869 900,151 9 98,292 928,200 928,200 957,792 9,560 9,003 930,247 9,007 933,214 95,266 9,852 9,707 925 9,774 96,933,192 96,933,192 9.5 96,933,192 96,933,192 96,933,192 944,938 944,938 96,933,192 959,869 98.72 94.64 90.2 90.2 9.8 9.8 9,960 98.33 98.33 90.21 9 95 942 955 9,062 9,956 94,074 98,568 |
While the above TW 10K Filed 2/7/2025 is interesting in isolation, we have found that it is also useful to take a look at older
Tradeweb Markets Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10K Filed 2/7/2025 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical TW 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10K Filed 2/7/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,356 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/25/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 757 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/27/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 994 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/27/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,047 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/24/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,182 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/30/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 656 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/31/2020 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 882 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/30/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,231 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/9/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,200 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/27/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 710 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/3/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 957 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/29/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,054 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/24/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,325 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/12/2020 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 1,534 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/25/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,031 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/26/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,091 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/24/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,112 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/29/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 688 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/30/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 958 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/29/2020 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 941 ■ = Typical TW range from 5/12/2020 to 2/7/2025 | ||||||||||||||||||||||||||||||||||||