MarketAxess Holdings Inc. Financial Ratios — MKTX Stock

Profitability (USD)

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	97.73	71.12	59.6	48.64	42.31	38.86	43.05	29.36	24.31	22	20.69	16.75
Return on Assets (%)	14.7	19.09	23.99	20.39	23.45	26.09	26.7	27.08	24.83	26.19	18.02	15.95	14.25	14.41	13.24
Return on Capital (%)	-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
Return on Invested Capital (%)	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
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
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
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
Incremental Operating Margin (%)	119.08	41.76	37.4	46.82	72.82	65.11	37.48	30.77	50.53	69.67	-381.57	-53.54	-34.62	40.05	3.32
Pretax Margin (%)	47.39	46.83	44.94	45.11	48.8	52.1	51.29	50.07	50.34	54.32	47.77	47.1	44.21	44.13	43.37
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
Net Income to Common 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
Effective Tax Rate (%)	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
Dvd Payout Ratio (%)	27.67	103.65	28.93	32	30.75	30.51	33.01	36.12	37.2	30.25	38.7	42.34	42.49	41.1	46.6
Sustainable Growth Rate (%)	- -	- -	- -	66.45	49.25	41.42	32.58	27.03	24.4	30.03	18	14.02	12.65	12.19	8.94

Credit (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	98	94	88	83	80	73	285
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	98	94	88	83	80	73	285
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	0.35	0.22	0.22	0.21	0.2	0.17	0.67
Net Debt/EBITDA	-1.92	-1.32	-1.1	-1.24	-1.2	-0.81	-0.76	-1.05	-0.95	-1.1	-1.27	-1.09	-1.15	-1.29	-0.7
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	0.39	0.25	0.26	0.25	0.25	0.21	0.83
Net Debt/EBIT	-2.08	-1.44	-1.24	-1.43	-1.35	-0.89	-0.84	-1.16	-1.08	-1.23	-1.5	-1.32	-1.43	-1.6	-0.88
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	365.64	472.07	562.9	197.39	263.17	286.52
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	352.5	451.29	544.13	192.69	256.96	281.01
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	328.13	400.52	466.97	158.86	212.91	229.88
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	2	2	1
Common Equity/Total Assets	-0.13	-1.97	14.46	26.83	38.3	48.34	60.85	66.62	61.91	60.05	62.54	68.52	61.75	78.58	79.53
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.72	9.8	8.49	7.65	6.16	5.23	24.6
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	14.22	10.48	8.46	6.98	6.02	4.91	15.52
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.26	7.03	5.78	5.14	3.95	4.06	14.73
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.72	9.8	8.49	7.65	6.16	5.23	24.6
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	14.22	10.48	8.46	6.98	6.02	4.91	15.52
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.26	7.03	5.78	5.14	3.95	4.06	14.73
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
Net Debt/Capital (%)	99.73	95.89	162.75	252.16	632.13	-193.34	-89.46	-113.49	-64.46	-106.62	-94.05	-57.16	-51.71	-58.28	-22.76
EBITDA	88	98	120	136	166	208	219	236	284	418	397	394	391	421	426
EBITDA-CapEx	81	92	105	131	162	201	207	200	271	403	380	381	382	411	418
Operating Income (Loss)	81	89	107	119	148	190	200	213	251	375	337	327	315	341	342

Liquidity (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	14.08	10.47	10.25	11.48	12.47	11.33	9.94	7.83	9.9	2.17	1.52	1.2	0.9	2.5	1.24
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
Quick Ratio	16.14	12.27	12	13.14	14.6	13.34	11.69	9.01	11.47	3.8	2.7	2.4	2.03	3.81	2.4
CFO/Avg Current Liab	2.5	4.69	4.95	5.51	6.32	4.05	6.09	5.7	6.04	3.11	1	0.79	0.69	0.91	1.13
Common Equity/Total Assets	-0.13	-1.97	14.46	26.83	38.3	48.34	60.85	66.62	61.91	60.05	62.54	68.52	61.75	78.58	79.53
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.72	9.8	8.49	7.65	6.16	5.23	24.6
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	14.22	10.48	8.46	6.98	6.02	4.91	15.52
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.26	7.03	5.78	5.14	3.95	4.06	14.73
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.72	9.8	8.49	7.65	6.16	5.23	24.6
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	14.22	10.48	8.46	6.98	6.02	4.91	15.52
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.26	7.03	5.78	5.14	3.95	4.06	14.73
CFO/Total Liabilities	176.88	219.76	208.69	240.72	257.63	149.51	252.82	255.44	143.87	107.47	57.67	54.92	46.22	96.18	49.2
CFO/CapEx	9.06	15.83	5.93	23.76	25.97	14.06	13.9	6.24	21.63	26.95	16.13	22.01	35.79	38.75	46.58
Altman's Z-Score	20.47	23.71	37.25	38.27	54.4	57.82	70.87	57.01	49.2	37.51	22.09	14.97	11.82	16.15	8.45

Working Capital (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	5.56	5.68	7.32	7.73	8.16	8.07	7.62	7.91	8.55	9.73	9.74	10.09	8.94	8.99	8.78
Days Sales Outstanding	65.68	64.28	49.84	47.22	44.73	45.23	47.92	46.16	42.67	37.5	37.46	36.16	40.81	40.58	41.59
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	10.28	5.46	6.38	7.47	8.51	8.75	8.72	6.45	6.49	6.32	3.97	4	6.21	8.77	8.6
Accounts Payable Turnover Days	35.5	66.84	57.18	48.87	42.88	41.69	41.85	56.55	56.26	57.79	91.92	91.33	58.73	41.62	42.46
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
Inventory to Cash Days	65.68	64.28	49.84	47.22	44.73	45.23	47.92	46.16	42.67	37.5	37.46	36.16	40.81	40.58	41.59
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	1,114	1,289	2,469	2,648	4,094	5,413	7,437	7,810	14,059	21,316	15,426	10,449	10,995	8,499	6,716
- Cash & Cash Equivalents	170	129	133	169	200	168	167	246	270	461	507	431	451	544	520
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	98	94	88	83	80	73	285
Enterprise Value	867	1,109	2,268	2,414	3,857	5,127	7,140	7,429	13,766	20,930	14,996	10,067	10,553	7,923	6,494
Total Capital	- -	-6	51	102	168	255	354	463	689	893	1,046	1,184	1,324	1,479	1,836
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	14.22	10.48	8.46	6.98	6.02	4.91	15.52
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	0.01	- -	0.01	0.01	0.01	0.01	0.04
EV/Sales	5.04	5.81	9.5	9.19	12.72	13.94	18.15	17.06	26.92	30.37	21.46	14.02	14.02	9.7	7.67
EV/EBITDA	9.82	11.36	18.85	17.76	23.17	24.67	32.62	31.52	48.55	50.12	37.73	25.55	26.96	18.8	15.24
EV/EBIT	10.64	12.41	21.14	20.37	26.08	26.99	35.77	34.95	54.87	55.85	44.47	30.8	33.5	23.24	19
EV/Cash Flow to Firm	13.23	13.59	24.96	21.96	30.98	57.13	42.49	33.18	51.76	51.63	53.04	34.75	31.47	20.5	16.95
EV/Free Cash Flow to Firm	11.92	12.78	21.36	21.07	29.83	53.33	39.64	28.59	49.48	49.78	49.95	33.24	30.62	19.99	16.59
Diluted Market Cap	1,193	1,335	2,536	2,717	4,200	5,544	7,674	7,999	14,389	21,763	15,668	10,498	11,027	8,515	6,731
Diluted Enterprise Value	1,023	1,206	2,403	2,548	4,000	5,376	7,507	7,753	14,217	21,396	15,250	10,150	10,655	8,044	6,509
EV per Share	23.42	30.37	61.5	65.38	105.12	139.15	193.67	201.01	371.21	560.24	399.82	268.69	281.06	210.7	175.25
TTM Sales	172	191	239	263	303	368	393	436	511	689	699	718	753	817	846
TTM EBITDA	88	98	120	136	166	208	219	236	284	418	397	394	391	421	426
TTM Operating Income	81	89	107	119	148	190	200	213	251	375	337	327	315	341	342
TTM Cash Flow to Firm	65	82	91	110	125	90	168	224	266	405	283	290	335	386	383
TTM Free Cash Flow to Firm	73	87	106	115	129	96	180	260	278	420	300	303	345	396	391

Multiples (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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
EV/EBIT	10.64	12.41	21.14	20.37	26.08	26.99	35.77	34.95	54.87	55.85	44.47	30.8	33.5	23.24	19
Enterprise Value	867	1,109	2,268	2,414	3,857	5,127	7,140	7,429	13,766	20,930	14,996	10,067	10,553	7,923	6,494
Low Price	19.54	26.14	34.18	47.26	66.18	98	147.79	172.09	206.79	275.5	341.5	217.44	200.01	192.42	156.17
EV/Sales	5.04	5.81	9.5	9.19	12.72	13.94	18.15	17.06	26.92	30.37	21.46	14.02	14.02	9.7	7.67
EV/EBITDA	9.82	11.36	18.85	17.76	23.17	24.67	32.62	31.52	48.55	50.12	37.73	25.55	26.96	18.8	15.24
Price/Earnings	23.36	21.46	32.48	35.4	42.63	42.9	50.22	45.18	68.61	71.2	59.82	41.76	42.61	31	27.23
Price/Earnings Average	19.32	19.49	24.36	29.44	35.05	41.57	46.85	43.41	56.31	57.93	67.6	42.99	41.3	32.24	29.85
Price/Earnings High	24.51	23.07	34.75	36.42	44.27	52.04	52.54	49.46	76.27	75.68	85.7	61.81	58.17	40.69	34.98
Price/Earnings Low	15.16	15.89	16.59	23.33	25.28	28.62	36.79	36.8	37.42	34.38	49.67	32.56	29.1	26.39	23.46
Price/Book Value	-2,411.8	-233.26	48.26	25.98	24.35	21.21	21.03	16.85	23.78	26.66	16.12	9.49	8.84	6.04	4.36
Price/Book Value Average	-1,994.64	-211.86	36.2	21.61	20.02	20.55	19.62	16.19	19.52	21.69	18.22	9.77	8.56	6.29	4.78
Price/Book Value High	-2,530.35	-250.77	51.64	26.73	25.29	25.72	22	18.45	26.44	28.34	23.09	14.04	12.06	7.93	5.61
Price/Book Value Low	-1,565.15	-172.73	24.64	17.12	14.44	14.15	15.4	13.73	12.97	12.87	13.38	7.4	6.03	5.15	3.76
Price/Tangible Book Value	4.01	6.15	10.22	9.89	12.54	13.38	16.46	14.32	25	29.92	20.03	12.62	11.73	8.06	8.79
Price/Tangible Book Value Average	3.32	5.59	7.66	8.23	10.31	12.96	15.36	13.76	20.52	24.35	22.64	12.99	11.37	8.39	9.64
Price/Tangible Book Value High	4.21	6.61	10.93	10.17	13.02	16.23	17.22	15.68	27.8	31.81	28.7	18.67	16.02	10.58	11.29
Price/Tangible Book Value Low	2.6	4.55	5.22	6.52	7.44	8.92	12.06	11.67	13.64	14.45	16.63	9.84	8.01	6.87	7.58
Price/Sales	6.48	6.75	10.34	10.08	13.51	14.72	18.9	17.93	27.49	30.93	22.07	14.55	14.61	10.4	7.94
Price/Sales Average	5.36	6.13	7.76	8.38	11.11	14.26	17.64	17.23	22.56	25.17	24.94	14.98	14.16	10.82	8.7
Price/Sales High	6.8	7.26	11.07	10.37	14.03	17.86	19.78	19.63	30.56	32.88	31.62	21.53	19.95	13.65	10.2
Price/Sales Low	4.21	5	5.28	6.64	8.01	9.82	13.85	14.6	15	14.94	18.33	11.34	9.98	8.85	6.84
Price/Cash Flow	17.02	15.8	27.17	24.09	32.88	60.32	44.26	34.88	52.86	52.7	54.68	36.13	32.94	22.06	17.58
Price/Cash Flow Average	14.07	14.35	20.38	20.03	27.04	58.44	41.29	33.51	43.39	42.88	61.8	37.19	31.93	22.95	19.27
Price/Cash Flow High	17.85	16.99	29.07	24.78	34.15	73.16	46.3	38.18	58.77	56.01	78.35	53.47	44.97	28.96	22.58
Price/Cash Flow Low	11.04	11.7	13.87	15.87	19.5	40.23	32.42	28.4	28.84	25.45	45.41	28.17	22.5	18.78	15.14
Price/Free Cash Flow Average	13.57	13.98	17.91	19.72	26.7	55.88	39.75	29.58	42.45	42.21	59.11	35.74	31.15	22.41	18.9
Price/Free Cash Flow High	17.21	16.55	25.55	24.39	33.73	69.96	44.57	33.71	57.49	55.14	74.93	51.39	43.88	28.28	22.15
Price/Free Cash Flow Low	10.65	11.4	12.19	15.63	19.26	38.47	31.21	25.07	28.21	25.05	43.43	27.07	21.95	18.34	14.86
EV/Sales Average	4.37	5.46	7.2	7.74	10.45	13.81	17.21	16.66	22.23	24.63	24.34	14.49	13.67	10.24	8.44
EV/Sales High	5.81	6.59	10.51	9.72	13.37	17.4	19.35	19.06	30.23	32.34	31.02	21.05	19.45	13.07	9.93
EV/Sales Low	3.22	4.33	4.73	6	7.35	9.36	13.42	14.04	14.66	14.4	17.73	10.86	9.49	8.28	6.58
EV/EBITDA Average	8.52	10.67	14.29	14.96	19.02	24.43	30.94	30.79	40.09	40.65	42.81	26.42	26.28	19.86	16.76
EV/EBITDA High	11.33	12.88	20.85	18.8	24.35	30.78	34.78	35.23	54.51	53.38	54.55	38.37	37.4	25.36	19.73
EV/EBITDA Low	6.27	8.46	9.37	11.6	13.39	16.56	24.13	25.94	26.44	23.77	31.17	19.79	18.24	16.05	13.06
EV/EBIT Average	9.23	11.66	16.03	17.16	21.41	26.72	33.92	34.14	45.31	45.3	50.46	31.85	32.65	24.55	20.89
EV/EBIT High	12.27	14.06	23.39	21.56	27.4	33.67	38.14	39.06	61.61	59.48	64.3	46.25	46.47	31.34	24.59
EV/EBIT Low	6.8	9.24	10.52	13.3	15.07	18.12	26.46	28.76	29.88	26.49	36.74	23.86	22.66	19.84	16.28
Last Price	30.11	35.3	66.93	71.71	111.59	146.92	201.75	211.31	379.11	570.56	411.27	278.89	292.85	226.04	181.25
High Price	31.59	37.95	71.62	73.77	115.89	178.21	211.06	231.33	421.45	606.45	589.25	412.79	399.78	296.68	232.84
Enterprise Value Average	752	1,042	1,719	2,034	3,166	5,077	6,772	7,257	11,366	16,976	17,015	10,410	10,285	8,368	7,140
Enterprise Value High	999	1,257	2,509	2,555	4,052	6,398	7,614	8,303	15,456	22,289	21,683	15,118	14,639	10,683	8,406
Enterprise Value Low	553	826	1,128	1,576	2,228	3,442	5,281	6,114	7,496	9,925	12,391	7,799	7,138	6,763	5,565

Shares Outstanding	39	37	38	37	37	38	38	38	38	38	38	38	38	38	36
Diluted Weighted Avg Shares	40	38	38	38	38	38	38	38	38	38	38	38	38	38	37
Basic Weighted Avg Shares	37	37	37	37	37	37	37	37	37	37	38	37	38	38	37
Revenue per Share	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
EBITDA per Share	2.38	2.67	3.26	3.68	4.54	5.64	5.94	6.38	7.65	11.18	10.6	10.52	10.43	11.21	11.5
Operating Income per Share	2.2	2.45	2.91	3.21	4.03	5.16	5.41	5.75	6.77	10.03	8.99	8.72	8.39	9.07	9.22
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 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
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
Cash Flow per Share	1.77	2.23	2.46	2.98	3.39	2.44	4.56	6.06	7.17	10.83	7.52	7.72	8.89	10.25	10.31
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
Cash & Equivalents per Share	6.69	4.93	5.43	6.33	6.47	7.77	8.08	10.3	10.54	12.83	13.81	12.4	13.91	17.27	14.03
Book Value per Share	-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
Tangible Book Value per Share	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

MarketAxess Holdings Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)