MarketAxess Holdings Inc.

MarketAxess Holdings Inc.

MKTX
MarketAxess Holdings Inc.US flagNASDAQ Global Select
113.80
USD
-1.70
- -
4.04BMarket Cap
MarketAxess Holdings Inc.
MKTX
(NASDAQ Global Select)

Recent

price

113.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.41
4.64
5.23
6.47
7.12
8.26
9.98
10.67
11.79
13.79
18.45
18.63
19.17
20.04
21.73
22.84
23.84
Revenue per Share
0.95
1.29
1.65
2.06
2.03
2.62
3.42
4.02
4.68
5.53
8.01
6.88
6.68
6.87
7.29
6.66
8.47
Basic EPS, GAAP
1.72
1.57
2.09
2.05
2.85
3.26
2.26
4.23
5.09
6.84
10.43
7.05
7.37
8.64
9.98
10.09
7.41
Free Cash Flow per Basic Share
0.32
0.37
1.75
0.54
0.65
0.8
1.04
1.33
1.69
2.06
2.42
2.66
2.83
2.92
3
3.11
3.12
Dividend per Share
-1.04
-0.01
-0.15
1.39
2.76
4.58
6.93
9.59
12.54
15.94
21.4
25.52
29.4
33.14
37.39
41.53
43.49
Book Value per Share
5.99
7.51
5.74
6.55
7.25
8.9
10.98
12.25
14.75
15.16
19.07
20.53
22.11
24.96
28.03
20.62
22.31
Tangible Book Value per Share
33
37
37
37
37
37
37
37
37
37
37
38
37
38
38
37
37
Basic Weighted Avg Shares
146
172
191
239
263
303
368
393
436
511
689
699
718
753
817
846
871
Sales/Revenue/Turnover
34.82
47.39
46.83
44.94
45.11
48.8
51.66
50.74
48.81
49.06
54.38
48.25
45.51
41.86
41.72
40.39
40.68
Operating Margin (%)
6
7
8
13
17
19
18
19
23
33
43
60
67
76
80
84
85
Depreciation Expense
31
48
60
76
75
96
126
148
173
205
299
258
250
258
274
247
309
Net Income, GAAP
38.27
39.29
30.87
36.09
36.89
35.07
34.15
26.6
20.74
20.4
20.03
22.77
26.03
22.44
23.95
32.72
17.29
Effective Tax Rate (%)
21.49
27.76
31.48
31.84
28.47
31.69
34.31
37.64
39.68
40.07
43.44
36.9
34.84
34.29
33.56
29.14
35.53
Profit Margin (%)
188
266
194
215
247
259
312
320
390
414
668
699
683
763
886
741
761
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
98
94
88
83
80
73
285
292
LT Debt
234
312
243
310
334
391
468
515
608
770
955
1,041
1,081
1,293
1,389
1,158
1,204
Total Equity
13.94
18.12
22.3
24.63
22.86
26.12
28.74
29.21
29.25
26.47
30.33
23.03
20.48
19
18.23
15.56
19.35
Return on Invested Capital (%)
-70.01
-272.91
-2,006.31
333.15
97.73
71.12
59.6
48.64
42.31
35.56
37.96
26.67
22.49
20.7
19.65
14.92
18.61
Return on Capital (%)
- -
- -
- -
- -
97.73
71.12
59.6
48.64
42.31
38.86
43.05
29.36
24.31
22
20.69
16.75
20.76
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
220
228
LT Finance Leases
67
65
64
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
36
36
Market Capitalization
6,495
6,716
6,027

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,239
1,159
1,532
Cash, Cash Equivalents & STI
473
520
377
Accounts Receivable, Net
111
101
128
Inventories
- -
- -
- -
Total Current Liabilities
496
418
771
Payables & Accruals
496
418
771
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.18%
4.65%
-16.59%
Free Cash Flow
17.08%
1.02%
-0.36%
Net Income, GAAP
11.26%
-3.5%
-10.05%
Sales/Revenue/Turnover
11.23%
4.22%
3.57%
Total Cash Common Dividend
15.08%
4.97%
2.22%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
210
198
207
202
817
2025
209
219
209
209
846
2026
233
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.92
1.72
1.91
1.74
7.29
2025
0.4
1.91
1.84
2.52
6.66
2026
2.21
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.78
0.74
0.74
0.74
3
2025
0.79
0.76
0.8
0.77
3.11
2026
0.8
- -
- -
- -
- -
Business
MarketAxess Holdings Inc. is a leading financial technology company that operates a sophisticated electronic trading platform designed for institutional investors and broker-dealers globally. The company, founded in 2000 and headquartered in New York, New York, aims to enhance efficiency, provide diverse liquidity, and improve transaction pricing in the global fixed-income markets. MarketAxess offers a broad range of fixed-income instruments for trading, including U.S. investment-grade and high-yield corporate bonds, U.S. Treasuries, municipal bonds, emerging market debt, and Eurobonds. A core component of its offering is the patented Open Trading protocol, an all-to-all anonymous trading environment that connects a vast network of market participants to facilitate bond transactions and boost liquidity. This platform is leveraged by over 2,000 firms worldwide. Beyond trading, MarketAxess delivers a comprehensive suite of trading-related products and services. These include advanced data and analytics like Composite+ (CP+), an AI-powered algorithmic pricing engine that provides real-time bond pricing for global credit and rates markets, assisting clients with informed trading decisions and automated strategies. The company also offers automated and algorithmic trading solutions such as Auto-X, designed to optimize workflows and reduce execution costs. Connectivity solutions ensure straight-through processing, while a range of pre- and post-trade services, including trade matching, trade publication, and regulatory reporting, streamline the entire trade lifecycle. MarketAxess generates a significant portion of its revenue from commissions on transactions executed on its platforms, complemented by income from information services and post-trade services. In recent developments, the company has focused on strategic international expansion and new product offerings, such as targeted block trading solutions and the international rollout of X-Pro, contributing to strong financial performance in 2024. Further innovations in 2025 include the launch of Opening and Closing Auctions for U.S. credit, aimed at improving price discovery and liquidity.

Company News

APIChatGPT
  • NMR vs. MKTX: Which Stock Is the Better Value Option?

  • MarketAxess to Host Conference Call Announcing Second Quarter 2026 Financial Results on Friday, August 7, 2026

  • Top 50 High-Quality Dividend Growth Stocks For July 2026

  • MarketAxess: A High-ROIC Company Trading At An Attractive Valuation

  • MarketAxess Q2 Sneak Peek: A Trillion-Dollar Quarter, But ADV Slips

  • MarketAxess Announces Trading Volume Statistics for June and Second Quarter 2026

  • NMR or MKTX: Which Is the Better Value Stock Right Now?

  • MarketAxess Expands Bond Market Transparency With New TraX Tape

  • MarketAxess Introduces TraX Tape, Delivering an Enriched View of Bond Market Activity

  • This MarketAxess Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Thursday

  • Here Are Thursday’s Best Wall Street Analyst Research Calls: Callaway Golf, Chewy, CME Group, Danaher, General Dynamics, Intel, SpaceX, Rocket Lab, Toast, and More

  • MarketAxess Holdings Inc. (MKTX) Presents at Morgan Stanley US Financials Conference 2026 Transcript

  • Retail Bond Buyers Get A Door Into Institutional Pricing

  • Top 50 High-Quality Dividend Growth Stocks For June 2026

  • MarketAxess (MKTX) Could Be a Great Choice

  • MarketAxess Holdings Inc. (MKTX) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript

  • MarketAxess Announces Trading Volume Statistics for May 2026

  • The Case for Holding MarketAxess Stock: What Investors Need to Know

  • MarketAxess to Participate in Upcoming Investor Conferences

  • Sone Capital Management Adds to MarketAxess Stake, According to Recent SEC Filing