| Benford Chart for TW 10K Filed 2/5/2026 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 1,525 Recent share count: 116,487,927 (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 4/30/2021 to 2/5/2026
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 = 84 | ||
Starting from a possible score of 100, we made the following score deductions: • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier. • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the typical coverage universe range. • We deducted point (includes the impact of penalty multiplier) 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. • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction. • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range. • We deducted point (includes the impact of penalty multiplier) upon observing the 9's percentage was above the company's typical historical 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 442 numbers that start with the digit 1. Here they are: 16.9 115,657,833 18,000,000 1,340,302 1,000 1,000 123,065 1,148,015 1,280,892 11,206 140,249 183,970 139,168 1,000,320 1,000,000,000 115,502,689 115,977,551 1 1 1 1 18,000,000 18,000,000 10,899 1,601,044 1,700,427 1,423,547 1,078,344 183,972 13,598 11,567 1,725,949 1,338,219 185,350 128,327 15,930 1,217,091 1,047,921 1,941 1,114 13,122 1,174,974 184,439 128,477 108,708 1.73 1.71 12,889 10,598 108,708 1 1 10,113 15,238 15,238 126 12,439 12,439 1 1 15,326 15,326 1 1 106,167 106,167 102,344 102,344 106,497 106,497 108,708 1 1 10,899 1,601,044 185,350 103,537 10,947 1,114 13,122 17,352 12,799 16,501 11,441 1,167,646 1,289 15,000 18,529 126,533 132,765 104,173 15,238 102,344 12,439 168,174 10,799 1,341,302 1,707,468 1,258,229 1,341,302 1,707,468 152,012 1,305 1,104 162 1,834 101,660 19,718 10,395 11,374 133 178 1,474 15,323 1,340,302 1,706,468 1,000 1,000 1,000 1,341,302 1,707,468 115,502,689 10.0 18,000,000 1 1 167,018 1,684,869 11.2 1.6 15.0 1.3 1.0 1.3 1.4 1.4 125.9 1,397 10,625 139 10,764 160,000 188,000 1,445 179 1,624 127,299 1,397 125,902 16.9 18.4 1,780,366 1,423,362 168,500 135,736 168,500 117,014 178,289 188.0 168,800 168,800 154,300 154,300 154,400 154,400 154,400 137,857 16,543 1,704 1,624,623 1,624,623 132.9 124.4 108.3 116,334 116,293 115,795 115,211 103.5 11.4 123,065 139,168 17,411 13,941 11,768 14,211 14,145 12,548 18,274 16,037 14,160 10,087 114,053 194,960 139,168 1,509,405 191,022 1,274,636 148,911 148,097 1,837 1,762 1,855 182,117 13,170 11,618 11,232 1,112 10,455 1,524,412 1,278,764 10.9 192,781 194,820 1,137,412 14,303 1,174,974 103,039 15,168 12,438 14,406 161,156 152,125 1,849 172,304 115,491 10,589 16,643 184,439 128,477 158,424 115,076 19,137 1.6 1.0 1.0 1.8 13,056 1.7 10,452 1.9 1,355 1 1 1,436 1.3 1 12,177 1.0 1.2 184,439 128,477 15,167 16,939 106,907 1,654 1 19,616 11,267 1,598 1,410 115,786 11,441 16,224 12,936 1,795 14,731 14,784 1,663 17,436 10,989 152,012 1 10 1 10 10 110,746,606 14,748,823 18,014,731 1,564,003 1,564,003 115,090,787 18,000,000 115,977,551 18,000,000 16,670 16,670 115,502,689 18,000,000 150.0 107.29 125.07 105.9 137.13 100.0 100.0 1.7 100 1,041,538 147,733 135.80 18,291 12,323 10,767 104.66 100 110.69 114.15 15,374 12,213 1,714 149.00 1.93 12,000 1.80 1.93 133 1,264 11,984 18,073 1.0 1,163,899 134.36 10,275 109.21 1,005,486 109.57 111.68 1.3 18,546 12,781 106.45 103,537 1.5 14,030 1,469 1,380 1,180 17 14,005 10 1,810,560 1,810,560 1,117,133 1,117,133 10,354 10,354 1,117,133 11,206 1,136,183 10.0 1.25 10.4 10.9 10.4 14.0 12 10.9 1.6 11,461 1.2 15.0 14.9 161 161 161 161 10,947 15,000 186 10,354 10,354 13,985 10,354 186 14.0 14,966 1,289 120.7 1.1 17.8 10.8 13.5 17.8 1.3 11.1 1.00 10 10 1.25 1.75 1,150,159 1.73 1.71 167,018 165,565 199,775 1,458 1,208 10,619 1,235 1,177 1,591 1,377 11,677 11,677 10,349 150 148 109 18,000 16,500 15,027 14,083 10,664 1,275,547 1,035,775 146,510 143,247 134,521 133,724 118,020 1,725,949 1,338,219 128,327 15,930 164,027 1,194,062 1,060,697 1,725,949 1,338,219 14 13,682 13,682 1,991 1,991 1,210 1,210 144,900 104,922 104,922 | We found 287 numbers that start with the digit 2. Here they are: 2,084,739 257,845 222,268 270,295 296,721 291,997 251,169 222,959 29,030 250,000,000 234,017 206,659 24,788 2,052,429 250,189 219,999 25,951 20,215 2,047 263,384 253,474 2.35 2.33 213,213,371 213,030,056 210,796,802 214,898,240 214,924,763 212,668,808 23,487 2,600 2 27,767 27,767 21,459 21,459 24,705 24,705 20,887 2,600 23,487 250,189 219,999 263,384 29,325 28,946 21,081 23,857 23,857 21,612 21,612 24,689 2,032 2,796 29,758 2,187 20,195 2,794 24,705 27,767 26,745 290,261 2,085,739 28,641 2,547 2,574 24,999 2,838 2,764 2,344 211 28,006 21,670 2,084,739 2,085,739 25.6 22.7 21.3 21.0 23.3 23,321 24,718 28,000 292,399 219 24,872 24,872 23,321 24,718 238 2.2 2.1 251,315 237,531 245,235 270,295 295,303 296,721 24,000 24,000 2,815,524 2,694,797 2,694,797 2,788 22,349 232,180 204,897 2,366 269 29,030 25.7 20,748 2,665 20,225 24,902 2,237 253,474 246,745 21.0 21.0 21.0 2,505 2,727 21,368 2 2,525 22,821 2,770 2 2,801 253,474 21.6 24.4 23.4 21.6 24.4 23.4 2,311 23,857 22,610 26,966 22,610 26,966 29,942 2.6 2 23,749 25,237 2,652 2,469 2,469 28,641 23,092,704 234,023,679 235,101,952 235,984,281 235,492,749 2 212,394,176 212,869,038 23,056,868 23,073,538 235,451,044 235,942,576 2.7 250 295,890 26,506 250 216.02 2,999 25.04 26.63 28.81 20.59 20.59 20.59 227 28.8 2.8 2.3 2,380 24,857 24,857 24,411 24,411 242,729 242,729 2,053,289 24,411 24,857 2,102,557 24.9 242,729 25.0 24.9 25.0 2 24,999 270,929 242,729 231.1 2 24,857 2 238,182 21,015 275,179 275,179 275,179 257,845 257,845 257,845 266,475 224,169 224,169 224,169 222,268 222,268 222,268 2,918 2,918 2,918 278,871 290,073 2,918 25.0 2.0 2.4 20 20 2 2 250.0 25 25 213,213,371 213,030,056 210,796,802 284,464 257,076 214,898,240 214,924,763 212,668,808 2.35 2.33 270,249 23,063,110 23,076,373 23,902,379 260,326 257,195 204,134 23,653 2,705 2,841 214 283 253 250 220 20,845 20,251 2,997 29,690 28,163 24,038 2,128 2,266 2,052,429 25,951 20,215 271,116 2,052,429 29,478 20,348 23.2 2,209 2,209 2,516 2,516 24,890 24,890 2,547 2,547 2,243 2,243 | We found 154 numbers that start with the digit 3. Here they are: 33 33,550 3,150,112 3,150,112 3,363 30,800 35,748 336,519 372,839 350,000,000 300,000,000 364,866 3.81 3.78 3,387 369,716 386,632 35,205 35,205 36 364,866 3,821 3,814 32,314 3,331 30,059 3,919 38,440 35,205 307,475 366,166 3 3.9 3.3 374,601 36.7 360 360 316 316 334,588 340,000 396,500 3,390 3,390 311 340 340 346,494 32,764 387,051 34,377 3,150,112 334,588 3,150,112 3,150,112 3,150,112 3,150,112 323,100 323,100 367,412 3,911 33,550 35,748 30,800 30.8 37,562 33,832 38,581 32,314 30,455 3,590 3,175 3,526 3.9 37,033 3,022 3,664 3,129 39,215 336.5 372.8 3,251,177 3,265,908 374,601 300.0 35.2 360,041 364,866 3,821 3,821 37,665 35,707 38.9 35.4 312,058 353,866 3,750 3.95 3.77 343,011 331,011 397,771 3.3 30,315 30.7 30 39.8 339,794 3,127 3,127 3,127 333,461 3,127 3,363 3,363 3,363 3,363 3,363 3,363 3.0 3.0 3.0 3.4 364,866 389 364,399 3.81 3.78 3,646 3,131 33,184 32,499 3,589 30 30 3,866 3,507 373 39 34,474 34,190 385,673 312,586 328,064 3,990,070 31,746 3,356 33,881 33,881 3,715 3,715 3,287 3,287 |
| 4's | 5's | 6's |
|---|---|---|
| We found 148 numbers that start with the digit 4. Here they are: 447 45,973 42,893 450,000,000 4,895,810 4,813,408 460,305 42,364 4,279 419,503 419,503 424,922 498 496,917 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 48 49,375 49,375 4,895,810 419,503 44,221 4,241 4,577 40,552 40,960 47,909 43,235 49,508 47,997 4,456 4,089 449,239 40,025 40 49.0 4,988,329 4.5 4.5 41,705 4.7 4.7 4.5 42,189 4,000 4,000 4.6 43.2 478,629 488,846 423,524 44,720 455,315 455,315 483,438 444,762 454,715 44,955 492,576 4,492 4,492 4.9 447,185 405,005 45,679 42,453 4 45,449 4.9 4.0 414,967 4,743 485,730 485,730 4,435 4,435 416,306 416,306 478,915 478,915 495,847 495,847 41,705 41,705 478,915 485,730 485,745 49.4 48.0 442,633 4.4 46.2 4.44 41,705 4.7 41,596 48.2 40,595 4,472 4.5 427 4 4.5 44.8 4.3 4.9 4 467 460,612 458,343 428,926 407,012 415,957 460,653 4,361 4,359 4,813 4,028 4,499 4,126 4,500 4,125 400,753 43,234 460,305 42,364 419,503 487,881 4,737,934 4,777,770 4,769,680 4,807,248 4,010,418 425 45,465 45,465 4,576 4,576 | We found 152 numbers that start with the digit 5. Here they are: 50 50 5 5,056,868 58,282 54,702 587 568,832 50,011 5,056,868 5,073,538 5,800,192 598,693 592,690 56,317 51,495 53,391 505,269 547,980 569,963 54,637 501,507 569,963 5,088 5,419 5,088 5,419 564,875 54,637 569 592,525 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 5,278 5,732 56,459 59,052 51,341 5,724 58,061 50.9 596 596 56,500 530 508,042 51,486 592,024 50,236 55,810 560,788 537,531 537,531 581 5.3 5.3 55,792 5 528,017 533,677 547,980 52,305 5 5 516,665 5,868 5,950 544,453 541,431 518,821 50 50 58,061 50 5,077,973 5,073,538 5,056,868 59.9 51.5 501,507 500,658 53.3 545,909 50,498 58,105 56 50 583 5,747 528 5 518 58,282 58,282 58,282 54,702 54,702 54,702 571,862 571,862 5.0 5 5.4 5 5.3 500.0 500.0 5.0 50.0 5 501,507 501,118 589,171 532,781 5,296 59,886 54,479 53,021 52,808 51,600 56,152 5,712 5,755 594 523 50,063 50,974 5,021 592,690 56,317 51,495 53,391 569,963 500 5,349 5,349 | We found 98 numbers that start with the digit 6. Here they are: 67,805 659,203 67,816 6,507,755 681,482 6,398,885 64,336 670,831 60,132 678,028 68,407 67,397 68,456 68,456 66,607 66,607 640,384 6,743 6,743 68,456 6,398,885 681,482 65,128 666 69,712 62,541 6,743 68,539 6,579 689,203 657,346 65,305 6 67,835 666,831 64,336 69,265 6 6 624 6 6,648 6 627 6 614 644,930 643,276 616,310 657 69.56 65,532 69.70 65,128 6,459 64,336 677 601 6,386 67 6,657 6,657 6,657 6,657 666 666 666 603,063 603,063 67,805 67,805 67,805 67,816 67,816 67,816 67,816 67,816 67,816 67.8 6 636 6,428 65,479 60,183 63,532 61,388 6,838 6,889 6,504 63 672 68,063 6,516 670,831 60,132 665,252 6,229 6,229 |
| 7's | 8's | 9's |
|---|---|---|
| We found 78 numbers that start with the digit 7. Here they are: 78,193 7,267,993 7,090 763 7,189,237 7,267,993 77,506 7,730 74,037 754,402 77,767 77,641 75,909 75,909 7 7,189,237 7,730 7,964 746,089 75,909 76,956 744,437 774.2 773.8 770.9 7,465 797,570 774,249 72,848 799,708 7 720,570 754,402 79,264 70,581 7,300 7 7,869 7,421 74,465 7.7 72.48 74.0 715,101 72.02 77,767 77,767 731,456 7,043 77.4 7,952 76.8 786 7 7,090 763 7 78 72 7,844 7,844 7,844 7 792 75 7,914 748 7,483 770 766 7,992 735 7,690 797,038 77,506 78.1 78,191 78,191 | We found 76 numbers that start with the digit 8. Here they are: 8,630 8,303 8,094 8,189,557 869,108 8,189,557 82,145 88,402 832,950 835,338 812,792 833,679 849 851 85,232 85,232 812,792 89,649 89,896 8,538 87,142 897,741 860,126 85,232 844 81,401 89.9 8 89.2 886 88,245 82,816 824,915 82,145 89,896 8 8,673 812,792 849 849 816,613 8,841,864 80.03 83.74 875,090 87.96 86.36 89,649 8,303 8,094 82,145 8 852 852 852 8 8 852 852 852 852 852 8,630 8,630 8,630 8.6 812,792 812,156 8,253 8,073 8,527 8,511 8,536 88,402 850,338 858,367 | We found 90 numbers that start with the digit 9. Here they are: 96,933,192 96,165 95,290 96,933,192 96,933,192 9,981 996,763 93,197 98,568 9,786 9,517 921,500 921,500 944,987 92,009 92,009 9,981 996,763 921,500 921,500 92,318 9,786 9,517 969,190 90.2 9.8 96,933,192 96.7 92.0 924,869 900,151 9 91,742 928,200 928,200 957,792 95,874 92.9 930,247 93,197 933,214 95,266 9,852 9,707 925 92,318 94,432 9,605 9,207 930 9,013 9,326 9.8 9.5 96,933,192 96,933,192 944,938 944,938 96,933,192 987,379 987,379 96,933,192 987,379 98.72 90.2 90.2 9.8 9.8 91.29 9,960 98.33 98.33 90.21 93,197 95 94,572 942 9,932 9,932 9,583 9,062 9,956 95,895 94,074 98,568 921,500 90,932 90,932 90,932 90,932 |
While the above TW 10K Filed 2/5/2026 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 2/5/2026 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 2/5/2026 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,525 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/30/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 800 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/25/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,031 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/26/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,091 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/24/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,112 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/29/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 688 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/30/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 958 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/30/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,207 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/7/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,356 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/25/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 757 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/27/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 994 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/27/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,047 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/24/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,182 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/30/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 656 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/30/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,084 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/30/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,231 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/9/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,200 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/27/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 710 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/3/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 957 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/29/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,054 ■ = Typical TW range from 4/30/2021 to 2/5/2026 | ||||||||||||||||||||||||||||||||||||
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