8-K Announcements
6Feb 17, 2026·SEC
Feb 6, 2026·SEC
Jan 26, 2026·SEC
MarketAxess Holdings Inc. (MKTX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MarketAxess Holdings Inc. (MKTX) stock price & volume — 10-year historical chart
MarketAxess Holdings Inc. (MKTX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
MarketAxess Holdings Inc. (MKTX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 6, 2026 | $1.68vs $1.65+1.8% | $209Mvs $212M-1.3% |
| Q4 2025 | Nov 7, 2025 | $1.84vs $1.70+8.2% | $209Mvs $207M+0.7% |
| Q3 2025 | Aug 6, 2025 | $2.00vs $1.94+3.1% | $224Mvs $218M+3.1% |
| Q2 2025 | May 7, 2025 | $1.87vs $1.81+3.3% | $209Mvs $210M-0.7% |
MarketAxess Holdings Inc. (MKTX) competitors in Exchanges and Electronic Trading Venues — business model, growth, and fundamentals comparison
MarketAxess Holdings Inc. (MKTX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MarketAxess Holdings Inc. (MKTX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | 0 | 8.06M | -1.14M | -441K | 4.34M | 20.44M | 24.45M | 24.83M |
| NII Growth % | - | - | - | - | -114.16% | 61.38% | 1084.13% | 371.01% | 19.58% | 47.12% |
| Net Interest Margin % | 0% | 0% | 0% | 0.84% | -0.09% | -0.03% | 0.27% | 1.01% | 1.37% | 1.23% |
| Interest Income | 0 | 0 | 0 | 8.06M | 0 | 401K | 5.04M | 22.43M | 26.05M | 25.67M |
| Interest Expense | 0 | 0 | 0 | 0 | 1.14M | 842K | 700K | 1.98M | 1.6M | 841K |
| Loan Loss Provision | 102.69M | 108.11M | 116.87M | 142.39M | 176.8M | 186.15M | 199.07M | 221.94M | 252.14M | 282.67M |
| Non-Interest Income | 367.73M | 393.42M | 435.56M | 503.29M | 689.13M | 698.55M | 713.26M | 730.12M | 791.05M | 813.6M |
| Non-Interest Income % | 100% | 100% | 100% | 98.42% | 100% | 99.94% | 99.3% | 97.02% | 96.81% | 96.94% |
| Total Revenue | 367.73M▲ 0% | 393.42M▲ 7.0% | 435.56M▲ 10.7% | 511.35M▲ 17.4% | 689.13M▲ 34.8% | 698.95M▲ 1.4% | 718.3M▲ 2.8% | 752.55M▲ 4.8% | 817.1M▲ 8.6% | 839.26M▲ 0% |
| Revenue Growth % | 21.32% | 6.99% | 10.71% | 17.4% | 34.77% | 1.43% | 2.77% | 4.77% | 8.58% | 13.83% |
| Non-Interest Expense | 75.06M | 85.7M | 106.11M | 118.08M | 136.45M | 174.73M | 191.66M | 213.6M | 222.48M | 209.95M |
| Efficiency Ratio | 20.41% | 21.78% | 24.36% | 23.09% | 19.8% | 25% | 26.68% | 28.38% | 27.23% | 25.02% |
| Operating Income | 189.99M▲ 0% | 199.62M▲ 5.1% | 212.58M▲ 6.5% | 250.88M▲ 18.0% | 374.73M▲ 49.4% | 337.24M▼ 10.0% | 326.88M▼ 3.1% | 315.02M▼ 3.6% | 340.87M▲ 8.2% | 345.8M▲ 0% |
| Operating Margin % | 51.66% | 50.74% | 48.81% | 49.06% | 54.38% | 48.25% | 45.51% | 41.86% | 41.72% | 41.2% |
| Operating Income Growth % | 28.46% | 5.07% | 6.5% | 18.02% | 49.36% | -10.01% | -3.07% | -3.63% | 8.21% | - |
| Pretax Income | 191.6M▲ 0% | 201.77M▲ 5.3% | 218.09M▲ 8.1% | 257.42M▲ 18.0% | 374.36M▲ 45.4% | 333.92M▼ 10.8% | 338.29M▲ 1.3% | 332.7M▼ 1.7% | 360.55M▲ 8.4% | 371.8M▲ 0% |
| Pretax Margin % | 52.1% | 51.29% | 50.07% | 50.34% | 54.32% | 47.77% | 47.1% | 44.21% | 44.13% | 44.3% |
| Income Tax | 65.43M | 53.68M | 45.23M | 52.52M | 74.98M | 76.03M | 88.06M | 74.64M | 86.36M | 152.15M |
| Effective Tax Rate % | 34.15% | 26.6% | 20.74% | 20.4% | 20.03% | 22.77% | 26.03% | 22.44% | 23.95% | 40.92% |
| Net Income | 126.17M▲ 0% | 148.09M▲ 17.4% | 172.85M▲ 16.7% | 204.9M▲ 18.5% | 299.38M▲ 46.1% | 257.89M▼ 13.9% | 250.22M▼ 3.0% | 258.06M▲ 3.1% | 274.18M▲ 6.2% | 219.56M▲ 0% |
| Net Margin % | 34.31% | 37.64% | 39.68% | 40.07% | 43.44% | 36.9% | 34.84% | 34.29% | 33.56% | 26.16% |
| Net Income Growth % | 31.38% | 17.37% | 16.72% | 18.54% | 46.11% | -13.86% | -2.97% | 3.13% | 6.25% | -21.21% |
| Net Income (Continuing) | 126.17M | 148.09M | 172.85M | 204.9M | 299.38M | 257.89M | 250.22M | 258.06M | 274.18M | 219.66M |
| EPS (Diluted) | 3.34▲ 0% | 3.89▲ 16.5% | 4.57▲ 17.5% | 5.40▲ 18.2% | 7.85▲ 45.4% | 6.77▼ 13.8% | 6.65▼ 1.8% | 6.85▲ 3.0% | 7.28▲ 6.3% | 5.92▲ 0% |
| EPS Growth % | 30.98% | 16.47% | 17.48% | 18.16% | 45.37% | -13.76% | -1.77% | 3.01% | 6.28% | -20.33% |
| EPS (Basic) | 3.42 | 4.02 | 4.68 | 5.53 | 8.01 | 6.88 | 6.68 | 6.87 | 7.29 | - |
| Diluted Shares Outstanding | 37.74M | 38.04M | 37.85M | 37.96M | 38.14M | 38.1M | 37.64M | 37.65M | 37.67M | 37.11M |
MarketAxess Holdings Inc. (MKTX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 168.24M | 167.01M | 246.32M | 390.97M | 479.15M | 517.93M | 464.75M | 522.25M | 649.25M | 2.14B |
| Cash & Due from Banks | 168.24M | 167.01M | 246.32M | 270.12M | 460.86M | 506.74M | 430.75M | 451.28M | 544.48M | 473.3M |
| Short Term Investments | 0 | 0 | 0 | 120.85M | 18.29M | 11.2M | 34M | 70.97M | 104.78M | 0 |
| Total Investments | 194.4M | 239.52M | 240.1M | 230.48M | 28.11M | 36.08M | 83.79M | 134.86M | 165.26M | 168.47M |
| Investments Growth % | 1093.83% | 23.21% | 0.24% | -4.01% | -87.8% | 28.34% | 132.25% | 60.95% | 22.54% | 70.19% |
| Long-Term Investments | 194.4M | 239.52M | 240.1M | 109.63M | 9.82M | 24.88M | 49.79M | 63.89M | 60.48M | 495.56M |
| Accounts Receivables | 50.67M | 52.64M | 57.53M | 62.02M | 79.58M | 63.88M | 78.45M | 89.84M | 91.84M | 110.52M |
| Goodwill & Intangibles | 63.44M | 63.06M | 62.67M | 207.85M | 242.74M | 271.17M | 252.85M | 355.81M | 334.78M | 399.55M |
| Goodwill | 59.71M | 59.71M | 59.71M | 146.86M | 147.39M | 154.79M | 154.79M | 236.71M | 236.71M | 283.67M |
| Intangible Assets | 3.73M | 3.35M | 2.96M | 60.99M | 95.35M | 116.38M | 98.06M | 119.11M | 98.08M | 115.88M |
| PP&E (Net) | 31.1M | 38.55M | 63.01M | 153.19M | 161.13M | 167.02M | 166.36M | 165.72M | 165.43M | 165.03M |
| Other Assets | 11.62M | 18.72M | 22.47M | 30.77M | 29.04M | 27.07M | 68.29M | 84.5M | 82.58M | 42.02M |
| Total Current Assets | 218.91M | 219.65M | 303.86M | 452.99M | 888.7M | 1.04B | 1.07B | 1.35B | 1.15B | 1.24B |
| Total Non-Current Assets | 309.13M | 361.58M | 391.68M | 501.94M | 442.73M | 490.14M | 537.3M | 669.92M | 643.28M | 775.07M |
| Total Assets | 528.04M▲ 0% | 581.23M▲ 10.1% | 695.54M▲ 19.7% | 954.93M▲ 37.3% | 1.33B▲ 39.4% | 1.53B▲ 14.9% | 1.61B▲ 5.1% | 2.02B▲ 25.3% | 1.79B▼ 11.2% | 2.01B▲ 0% |
| Asset Growth % | 20.27% | 10.07% | 19.67% | 37.29% | 39.43% | 14.95% | 5.05% | 25.33% | -11.21% | 0.8% |
| Return on Assets (ROA) | 26.09% | 26.7% | 27.08% | 24.83% | 26.19% | 18.02% | 15.95% | 14.25% | 14.41% | 10.9% |
| Accounts Payable | 15.15M | 14.24M | 29.37M | 22.79M | 44.35M | 71.22M | 55.26M | 37.01M | 37.32M | 31.91M |
| Total Debt | 10.52M | 17.52M | 22.47M | 97.99M | 93.61M | 88.42M | 82.68M | 79.68M | 72.65M | 66.87M |
| Net Debt | -157.72M | -149.5M | -223.85M | -172.13M | -367.25M | -418.31M | -348.07M | -371.6M | -471.82M | -406.43M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 47.42M | 48.08M | 65.61M | 43.87M | 62.33M | 59.72M | 56.3M | 60.12M | 68.05M | 60.37M |
| Total Current Liabilities | 25.25M | 29.96M | 48.61M | 39.48M | 220.43M | 341M | 387.7M | 582.3M | 259.85M | 496.48M |
| Total Non-Current Liabilities | 34.78M | 36.5M | 39.05M | 145.36M | 155.94M | 148.14M | 138.98M | 139.8M | 140.71M | 127.25M |
| Total Liabilities | 60.03M | 66.46M | 87.66M | 184.84M | 376.37M | 489.14M | 526.68M | 722.1M | 400.56M | 623.73M |
| Total Equity | 298.67M▲ 0% | 346.55M▲ 16.0% | 361.56M▲ 4.3% | 770.09M▲ 113.0% | 955.06M▲ 24.0% | 1.04B▲ 9.0% | 1.08B▲ 3.8% | 1.29B▲ 19.6% | 1.39B▲ 7.4% | 1.39B▲ 0% |
| Equity Growth % | -23.56% | 16.03% | 4.33% | 112.99% | 24.02% | 9.03% | 3.82% | 19.6% | 7.4% | 15.28% |
| Equity / Assets (Capital Ratio) | 56.56% | 59.62% | 51.98% | 80.64% | 71.73% | 68.04% | 67.24% | 64.16% | 77.61% | 69.03% |
| Return on Equity (ROE) | 36.6% | 45.9% | 48.82% | 36.21% | 34.71% | 25.84% | 23.58% | 21.74% | 20.45% | 15.79% |
| Book Value per Share | 7.91 | 9.11 | 9.55 | 20.29 | 25.04 | 27.33 | 28.72 | 34.34 | 36.86 | 37.46 |
| Tangible BV per Share | 6.23 | 7.45 | 7.90 | 14.81 | 18.67 | 20.22 | 22.00 | 24.89 | 27.98 | 26.70 |
| Common Stock | 120K | 121K | 122K | 122K | 123K | 123K | 123K | 123K | 123K | 123K |
| Additional Paid-in Capital | 342.31M | 331.08M | 341.86M | 342.54M | 329.74M | 330.26M | 345.47M | 333.29M | 350.7M | 358.61M |
| Retained Earnings | 255.14M | 353.58M | 463.25M | 591.09M | 799.37M | 956.97M | 1.1B | 1.24B | 1.41B | 1.47B |
| Accumulated OCI | -12.23M | -10.23M | -12.39M | -10.27M | -4.65M | -13.33M | -37.7M | -24.37M | -34.7M | -3.63M |
| Treasury Stock | -117.33M | -159.79M | -184.96M | -153.39M | -169.52M | -232.71M | -328.33M | -260.3M | -333.37M | -451.4M |
| Preferred Stock | 228K | 226K | 394K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MarketAxess Holdings Inc. (MKTX) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 80.29M | 168.03M | 223.92M | 265.94M | 404.49M | 282.09M | 289.23M | 333.77M | 385.24M | 385.24M |
| Operating CF Growth % | -33.2% | 109.29% | 33.26% | 18.77% | 52.1% | -30.26% | 2.53% | 15.4% | 15.42% | 705.17% |
| Net Income | 126.17M | 148.09M | 172.85M | 204.9M | 299.38M | 257.89M | 250.22M | 258.06M | 274.18M | 219.56M |
| Depreciation & Amortization | 17.84M | 19.27M | 23.08M | 32.65M | 42.84M | 60.25M | 67.15M | 76.41M | 80.46M | 82.79M |
| Deferred Taxes | -2.58M | 6.59M | -1.26M | 2.68M | 10.1M | 3.12M | -6.55M | -5.82M | -3.88M | 14.1M |
| Other Non-Cash Items | 1.17M | 1.95M | 2.34M | -786K | -550K | -466K | -8.23M | 1.6M | 8.32M | 8M |
| Working Capital Changes | -76.82M | -22.29M | 11.05M | 1.19M | 27.11M | -66.01M | -43.24M | -25.68M | -3.53M | 44.87M |
| Cash from Investing | -53.18M | -53.65M | -50.3M | -122.05M | 68.87M | -67.69M | -86.27M | -155.29M | -86.94M | -91.66M |
| Purchase of Investments | -81.44M | -215.83M | -336.53M | -160.83M | -32.87M | -7.88M | -83.93M | -28.82M | 0 | -13.29M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 4M |
| Net Investment Activity | -80.44M | -214.83M | -335.53M | -159.83M | -31.87M | -6.88M | -82.93M | -27.82M | 0 | -9.3M |
| Acquisitions | -12.12M | -13.47M | 11.71M | -97.43M | -23.3M | -17.08M | -34.4M | -78.48M | 0 | 0 |
| Other Investing | 12.53M | 13.41M | -11.67M | -30K | -30.62M | -50.2M | -73.13M | -43.12M | -76.99M | -85.38M |
| Cash from Financing | -55.84M | -117.07M | -92.67M | -118.1M | -145.11M | -189.78M | -242.38M | -147.06M | -201.38M | -268.83M |
| Dividends Paid | -38.49M | -48.89M | -62.43M | -76.23M | -90.57M | -99.79M | -105.94M | -109.66M | -112.7M | -114.85M |
| Share Repurchases | -23.93M | -42.46M | -25.17M | -17.26M | -16.14M | -63.19M | -87.54M | -25.84M | -75.47M | -136.86M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -23.93M | -42.46M | -25.17M | -17.26M | -16.14M | -63.19M | -87.54M | -25.84M | -75.47M | -136.86M |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 4.29M | -27.69M | 0 | -25.82M | -38.41M | -26.79M | -26.16M | -12.5M | -13.21M | -17.13M |
| Net Change in Cash | -31.48M▲ 0% | -1.23M▲ 96.1% | 79.31M▲ 6553.1% | 26.8M▼ 66.2% | 333.8M▲ 1145.7% | 17.52M▼ 94.8% | -52.9M▼ 402.0% | 39.01M▲ 173.7% | 88.79M▲ 127.6% | 42.77M▲ 0% |
| Exchange Rate Effect | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 0 |
| Cash at Beginning | 199.73M | 168.24M | 168.15M | 247.46M | 274.25M | 608.05M | 625.57M | 572.66M | 611.67M | 650.45M |
| Cash at End | 168.24M | 167.01M | 247.46M | 274.25M | 608.05M | 625.57M | 572.66M | 611.67M | 700.46M | 642.77M |
| Interest Paid | 0 | 0 | 0 | 0 | 1.14M | 830K | 652K | 1.87M | 1.72M | 859K |
| Income Taxes Paid | 58.27M | 44M | 47.21M | 51.77M | 45.05M | 70M | 88.68M | 94.81M | 96.93M | 39.8M |
| Free Cash Flow | 61.79M▲ 0% | 142.48M▲ 130.6% | 176.32M▲ 23.8% | 231.24M▲ 31.1% | 358.86M▲ 55.2% | 231.47M▼ 35.5% | 237.36M▲ 2.5% | 281.32M▲ 18.5% | 375.3M▲ 33.4% | 346.04M▲ 0% |
| FCF Growth % | -41.05% | 130.6% | 23.76% | 31.14% | 55.19% | -35.5% | 2.54% | 18.52% | 33.41% | 18.6% |
MarketAxess Holdings Inc. (MKTX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 36.6% | 45.9% | 48.82% | 36.21% | 34.71% | 25.84% | 23.58% | 21.74% | 20.45% | 15.79% |
| Return on Assets (ROA) | 26.09% | 26.7% | 27.08% | 24.83% | 26.19% | 18.02% | 15.95% | 14.25% | 14.41% | 10.9% |
| Net Interest Margin | 0% | 0% | 0% | 0.84% | -0.09% | -0.03% | 0.27% | 1.01% | 1.37% | 1.23% |
| Efficiency Ratio | 20.41% | 21.78% | 24.36% | 23.09% | 19.8% | 25% | 26.68% | 28.38% | 27.23% | 25.02% |
| Equity / Assets | 56.56% | 59.62% | 51.98% | 80.64% | 71.73% | 68.04% | 67.24% | 64.16% | 77.61% | 69.03% |
| Book Value / Share | 7.91 | 9.11 | 9.55 | 20.29 | 25.04 | 27.33 | 28.72 | 34.34 | 36.86 | 37.46 |
| NII Growth | - | - | - | - | -114.16% | 61.38% | 1084.13% | 371.01% | 19.58% | 9.46% |
| Dividend Payout | 30.51% | 33.01% | 36.12% | 37.2% | 30.25% | 38.7% | 42.34% | 42.49% | 41.1% | 52.31% |
MarketAxess Holdings Inc. (MKTX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 17, 2026·SEC
Feb 6, 2026·SEC
Jan 26, 2026·SEC
MarketAxess Holdings Inc. (MKTX) stock FAQ — growth, dividends, profitability & financials explained
MarketAxess Holdings Inc. (MKTX) grew revenue by 8.6% over the past year. This is steady growth.
Yes, MarketAxess Holdings Inc. (MKTX) is profitable, generating $219.6M in net income for fiscal year 2024 (33.6% net margin).
Yes, MarketAxess Holdings Inc. (MKTX) pays a dividend with a yield of 1.98%. This makes it attractive for income-focused investors.
MarketAxess Holdings Inc. (MKTX) has a return on equity (ROE) of 20.4%. This is excellent, indicating efficient use of shareholder capital.
MarketAxess Holdings Inc. (MKTX) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.
MarketAxess Holdings Inc. (MKTX) has an efficiency ratio of 27.2%. This is excellent, indicating strong cost control.
MarketAxess Holdings Inc. (MKTX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates