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    Financial - Capital Markets
MarketAxess Holdings Inc.

MarketAxess Holdings Inc.

MKTX
MarketAxess Holdings Inc.US flagNASDAQ Global Select
116.93
USD
-3.69
- -
4.16BMarket Cap

Income Statement (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Sales/Revenue/Turnover
172
191
239
263
303
368
393
436
511
689
699
718
753
817
846
+ Sales & Services Revenue
172
191
239
263
303
368
393
436
511
689
699
718
753
817
846
- Cost of Revenue
63
67
80
93
103
120
128
141
169
212
229
253
287
326
343
+ Cost of Goods & Services
63
67
80
93
103
120
128
141
169
212
229
253
287
326
343
Gross Profit
109
124
158
170
200
248
265
295
342
477
469
466
466
491
503
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
27
34
51
52
52
58
66
82
91
102
132
139
151
150
161
+ Selling, General & Admin
22
28
37
34
34
40
46
59
64
66
79
77
80
76
84
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
5
7
14
17
19
18
19
23
27
36
53
61
71
74
77
Operating Income (Loss)
81
89
107
119
148
190
200
213
251
375
337
327
315
341
342
- Non-Operating (Income) Loss
- -
- -
- -
- -
- -
-2
-2
-6
-7
- -
3
-11
-18
-20
-25
+ Interest Expense, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
-4
-20
-24
-23
+ Interest Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
2
2
1
- Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
22
26
24
+ Other Non-Op (Income) Loss
- -
- -
- -
- -
- -
-2
-2
-6
-7
-1
3
-7
3
5
-2
Pretax Income
81
89
107
119
148
192
202
218
257
374
334
338
333
361
367
- Income Tax Expense (Benefit)
32
28
39
44
52
65
54
45
53
75
76
88
75
86
120
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
49
62
69
75
96
126
148
173
205
299
258
250
258
274
247
- Net Extraordinary Losses (Gains)
2
2
-7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
+ Discontinued Operations
-2
-2
7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
3
3
-15
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
Income (Loss) Incl. MI
48
60
76
75
96
126
148
173
205
299
258
250
258
274
246
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
48
60
76
75
96
126
148
173
205
299
258
250
258
274
247
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
48
60
76
75
96
126
148
173
205
299
258
250
258
274
247
EBIT
81
89
107
119
148
190
200
213
251
375
337
327
315
341
342
EBITDA
88
98
120
136
166
208
219
236
284
418
397
394
391
421
426
EBITDA Margin (%)
51.33
51.14
50.4
51.72
54.91
56.52
55.64
54.11
55.45
60.59
56.87
54.86
52.01
51.56
50.35
EBITA
81
89
107
119
148
190
200
213
251
375
337
327
315
341
342
Gross Margin (%)
63.31
64.79
66.3
64.73
65.99
67.38
67.42
67.69
66.91
69.23
67.17
64.82
61.9
60.11
59.42
Operating Margin (%)
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
Profit Margin (%)
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
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
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
Depreciation Expense
7
8
13
17
19
18
19
23
33
43
60
67
76
80
84
Basic Weighted Avg Shares
37
37
37
37
37
37
37
37
37
37
38
37
38
38
37
Basic EPS, GAAP
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
Basic EPS from Cont Ops
1.34
1.69
1.86
2.03
2.62
3.42
4.02
4.68
5.53
8.01
6.88
6.68
6.87
7.29
6.66
Diluted Weighted Avg Shares
40
38
38
38
38
38
38
38
38
38
38
38
38
38
37
Diluted EPS, GAAP
1.2
1.59
2.01
1.97
2.55
3.34
3.89
4.57
5.4
7.85
6.77
6.65
6.85
7.28
6.64
Diluted EPS from Cont Ops
1.25
1.63
1.81
1.97
2.55
3.34
3.89
4.57
5.4
7.85
6.77
6.65
6.85
7.28
6.65

Balance Sheet (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Total Current Assets
284
211
235
268
278
337
350
438
453
889
1,040
1,070
1,345
1,146
1,159
+ Cash, Cash Equivalents & STI
248
180
200
234
237
286
298
381
391
479
518
465
522
649
520
+ Cash & Cash Equivalents
170
129
133
169
200
168
167
246
270
461
507
431
451
544
520
+ ST Investments
78
51
68
65
38
118
131
134
121
18
11
34
71
105
- -
+ Accounts & Notes Receiv
36
31
34
34
40
51
53
58
62
359
404
466
663
342
483
+ Accounts Receivable, Net
36
31
34
34
40
51
53
58
62
80
64
78
90
92
101
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
280
340
387
573
250
382
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
50
119
140
160
155
156
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
66
69
119
112
161
191
231
257
502
443
490
537
670
643
776
+ Property, Plant & Equip, Net
14
18
33
32
31
31
39
63
153
161
167
166
166
165
164
+ Property, Plant & Equip
45
56
77
89
101
106
140
184
288
325
348
369
413
462
511
- Accumulated Depreciation
30
38
44
56
70
75
101
121
135
164
181
202
247
296
347
+ LT Investments & Receivables
- -
- -
- -
- -
47
76
109
106
110
10
25
50
64
60
171
+ LT Investments
- -
- -
- -
- -
47
76
109
106
110
10
25
50
64
60
171
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
51
51
87
80
83
84
84
89
239
272
298
321
440
417
441
+ Total Intangible Assets
35
33
69
66
64
63
63
63
208
243
271
253
356
335
394
+ Goodwill
32
32
60
60
60
60
60
60
147
147
155
155
237
237
284
+ Other Intangible Assets
3
1
9
7
4
4
3
3
61
95
116
98
119
98
111
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
17
18
18
14
19
20
20
26
31
29
27
68
84
83
47
Total Assets
349
280
354
380
439
528
581
696
955
1,331
1,530
1,608
2,015
1,789
1,935
+ Payables & Accruals
12
12
17
18
17
23
27
46
39
220
341
388
582
260
418
+ Accounts Payable
12
12
13
12
12
15
14
29
23
44
71
55
37
37
43
+ Accrued Taxes
- -
- -
4
6
4
8
13
16
17
43
40
28
8
4
49
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
- -
- -
- -
- -
- -
- -
- -
- -
- -
133
229
304
537
219
326
+ ST Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Borrowings
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Liabilities
5
5
3
2
2
3
3
3
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
5
5
3
2
2
3
3
3
3
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
-3
- -
- -
- -
- -
- -
- -
Total Current Liabilities
18
17
20
20
19
25
30
49
39
220
341
388
582
260
418
+ LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
98
94
88
83
80
73
285
+ LT Borrowings
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
220
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
98
94
88
83
80
73
65
+ Other LT Liabilities
19
20
24
25
29
35
37
39
47
62
60
56
60
68
74
+ Accrued Liabilities
5
5
3
2
2
3
3
3
3
- -
- -
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
14
15
21
23
27
32
34
36
44
62
60
56
60
68
74
Total Noncurrent Liabilities
19
20
24
25
29
35
37
39
145
156
148
139
140
141
359
Total Liabilities
37
37
44
46
48
60
66
88
185
376
489
527
722
401
777
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
341
284
296
307
321
342
331
342
343
330
330
346
333
351
306
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
341
284
296
307
321
342
331
342
343
330
330
345
333
351
306
- Treasury Stock
26
32
32
70
93
117
160
185
153
170
233
328
260
333
695
+ Retained Earnings
-1
-6
51
102
168
255
354
463
591
799
957
1,102
1,244
1,406
1,539
+ Other Equity
-2
-3
-4
-5
-5
-12
-10
-12
-10
-5
-13
-38
-24
-35
-4
Equity Before Minority Interest
312
243
310
334
391
468
515
608
770
955
1,041
1,081
1,293
1,389
1,146
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
13
Total Equity
312
243
310
334
391
468
515
608
770
955
1,041
1,081
1,293
1,389
1,158
Total Liabilities & Equity
349
280
354
380
439
528
581
696
955
1,331
1,530
1,608
2,015
1,789
1,935
Shares Outstanding
39
37
38
37
37
38
38
38
38
38
38
38
38
38
36
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
98
94
88
83
80
73
65
Net Debt
-170
-129
-133
-169
-200
-168
-167
-246
-270
-461
-507
-431
-451
-544
-300
Net Debt to Equity
-54.29
-53.11
-42.75
-50.54
-51.12
-35.95
-32.44
-40.52
-35.08
-48.25
-48.66
-39.84
-34.9
-39.21
-25.88
Tangible Common Equity Ratio
88.24
84.95
84.73
85.43
87.11
87.08
87.17
86.15
75.26
65.43
61.16
61.13
56.48
72.46
49.59
Current Ratio
16.14
12.27
12
13.14
14.6
13.34
11.69
9.01
11.47
4.03
3.05
2.76
2.31
4.41
2.77
Cash Conversion Cycle
30.17
-2.56
-7.33
-1.65
1.86
3.53
6.07
-10.39
-13.6
-20.3
-54.46
-55.17
-17.92
-1.04
-0.88

Cash Flow Statement (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
+ Net Income
48
60
68
75
96
126
148
173
205
299
258
250
258
274
247
+ Depreciation & Amortization
7
8
13
17
19
18
19
23
33
43
60
67
76
80
84
+ Non-Cash Items
24
9
7
11
16
23
23
17
27
35
30
15
25
34
55
+ Stock-Based Compensation
7
8
9
10
13
15
14
16
25
26
27
30
29
30
31
+ Deferred Income Taxes
16
-1
-1
- -
-2
-3
7
-1
3
10
3
-7
-6
-4
22
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
1
1
- -
2
6
11
2
2
-1
-1
- -
-8
2
8
2
+ Chg in Non-Cash Work Cap
-13
4
2
7
-7
-77
-22
11
1
27
-66
-43
-26
-4
-4
+ (Inc) Dec in Accts Receiv
-12
5
-2
1
-7
-10
-2
-5
-3
-201
-141
-63
-188
316
-125
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
-4
- -
-2
3
-3
-2
-7
-4
-5
-2
2
-4
-12
1
1
+ Inc (Dec) in Accts Payable
2
- -
7
3
3
11
6
20
8
170
88
78
207
-311
130
+ Inc (Dec) in Other
1
- -
-2
- -
- -
-75
-19
- -
1
59
-15
-54
-33
-10
-9
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
65
82
91
110
125
90
168
224
266
404
282
289
334
385
382
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-7
-5
-15
-5
-5
-6
-12
-36
-12
-15
-17
-13
-9
-10
-8
+ Acq of Fixed Prod Assets
-3
-5
-15
-5
-5
-6
-12
-36
-12
-15
-17
-13
-9
-10
-8
+ Acq of Intangible Assets
-4
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
-7
-75
- -
-38
-23
-24
-42
-25
-17
-16
-63
-88
- -
-75
-420
+ Increase in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
-7
-75
- -
-38
-23
-24
-42
-25
-17
-16
-63
-88
- -
-75
-420
+ Net Change in LT Investment
-5
25
-17
1
-22
-35
-28
-3
10
138
- -
- -
-24
-30
-2
+ Dec in LT Investment
27
42
43
18
35
46
188
334
171
171
- -
- -
4
12
11
+ Inc in LT Investment
-32
-17
-61
-16
-57
-81
-216
-337
-161
-33
- -
- -
-29
-43
-13
+ Net Cash From Acq & Div
- -
- -
-28
- -
- -
- -
- -
- -
-97
-23
-17
-34
-78
- -
-37
+ Cash from Divestitures
- -
- -
9
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
-38
- -
- -
- -
- -
- -
-97
-23
-17
-34
-78
- -
-37
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
4
-5
-8
-10
-11
-12
-14
-12
-22
-31
-33
-39
-43
-47
-50
+ Net Cash From Disc Ops
- -
- -
9
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-9
15
-69
-13
-38
-53
-54
-50
-122
69
-68
-86
-155
-87
-97
+ Dividends Paid
-14
-64
-20
-24
-30
-38
-49
-62
-76
-91
-100
-106
-110
-113
-115
+ Net Cash From Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
220
+ Cash From Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
578
70
100
248
690
220
+ Repayments of Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
-578
-70
-100
-248
-690
- -
+ Other Financing Activities
9
3
3
2
-3
-3
-26
-5
-25
-38
-27
-49
-37
-13
-17
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-11
-136
-17
-60
-55
-65
-117
-93
-118
-145
-190
-242
-147
-201
-332
Effect of Foreign Exchange Rates
-1
-1
-1
- -
- -
-3
1
-2
1
6
-7
-13
8
-8
23
Net Changes in Cash
46
-40
5
37
31
-29
-3
81
26
328
25
-39
31
97
-47
EBITDA
88
98
120
136
166
208
219
236
284
418
397
394
391
421
426
EBITDA Margin (%)
51.33
51.14
50.4
51.72
54.91
56.52
55.64
54.11
55.45
60.59
56.87
54.86
52.01
51.56
50.35
Free Cash Flow
58
76
76
105
120
83
156
188
254
389
265
276
324
375
374
Net Cash Paid for Acquisitions
- -
- -
28
- -
- -
- -
- -
- -
97
23
17
34
78
- -
37
Free Cash Flow to Firm
58
76
76
105
120
83
156
188
254
390
265
277
326
377
375
Free Cash Flow to Equity
62
76
76
105
120
83
156
188
254
389
265
276
324
375
594
Free Cash Flow per Basic Share
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
Price/Free Cash Flow
16.4
15.39
23.87
23.71
32.48
57.68
42.61
30.79
51.72
51.88
52.3
34.72
32.14
21.55
17.24
Cash Flow to Net Income
1.37
1.36
1.2
1.47
1.3
0.71
1.13
1.3
1.3
1.35
1.09
1.16
1.29
1.41
1.55
Capital Expenditures
-7
-5
-15
-5
-5
-6
-12
-36
-12
-15
-17
-13
-9
-10
-8