MarketAxess Holdings Inc. (MKTX) Earnings History
Earnings Pressure24 years of earnings data (2002–2025) · 5-year EPS trend is negative
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MarketAxess Holdings Inc. (MKTX) Earnings Overview
As of September 25, 2026, MarketAxess Holdings Inc. (MKTX) reported trailing twelve-month net income of $306M, reflecting -8.5% year-over-year growth. The company earned $8.69 per diluted share over the past four quarters, with a net profit margin of 29.0%.
Looking at the long-term picture, MKTX's 5-year EPS compound annual growth rate (CAGR) stands at -3.2%, signaling declining earnings. The company achieved its highest annual net income of $299M in fiscal 2020.
MarketAxess Holdings Inc. maintains industry-leading profitability with a gross margin of 69.9%, operating margin of 41.2%, and net margin of 29.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including TW ($897M net income, 39.6% margin), ICE ($4.03B net income, 26.1% margin), CME ($4.27B net income, 62.0% margin), MKTX has room to improve margins relative to the peer group. Compare MKTX vs TW →
MKTX Earnings vs Peers
Earnings metrics vs comparable public companies
MKTX Historical Earnings Data (2002–2025)
24 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $247M | -10.0% | $350M | $6.66 | 29.1% | 41.3% |
| 2024 | $274M | +6.2% | $339M | $7.28 | 33.6% | 41.5% |
| 2023 | $258M | +3.1% | $319M | $6.85 | 34.5% | 42.6% |
| 2022 | $250M | -3.0% | $327M | $6.65 | 34.8% | 45.5% |
| 2021 | $258M | -13.9% | $337M | $6.77 | 36.8% | 48.2% |
| 2020 | $299M | +46.1% | $375M | $7.85 | 43.5% | 54.5% |
| 2019 | $205M | +18.5% | $251M | $5.40 | 40.1% | 49.1% |
| 2018 | $173M | +16.7% | $213M | $4.57 | 39.7% | 48.8% |
| 2017 | $148M | +17.4% | $202M | $3.89 | 37.3% | 50.8% |
| 2016 | $126M | +31.4% | $192M | $3.34 | 34.1% | 51.8% |
| 2015 | $96M | +28.4% | $148M | $2.55 | 31.7% | 48.8% |
| 2014 | $75M | +9.4% | $118M | $1.97 | 28.6% | 44.9% |
| 2013 | $68M | +13.8% | $108M | $2.01 | 28.6% | 45.1% |
| 2012 | $60M | +25.9% | $87M | $1.59 | 30.3% | 43.7% |
| 2011 | $48M | +51.8% | $79M | $1.20 | 26.3% | 43.5% |
| 2010 | $31M | +95.2% | $51M | $0.80 | 21.5% | 34.8% |
| 2009 | $16M | +103.8% | $30M | $0.42 | 14.1% | 26.3% |
| 2008 | $8M | -23.5% | $13M | $0.22 | 8.5% | 13.8% |
| 2007 | $10M | +90.4% | $17M | $0.30 | 11.0% | 18.4% |
| 2006 | $5M | -33.4% | $9M | $0.15 | 6.5% | 10.3% |
| 2005 | $8M | -85.9% | $12M | $0.23 | 10.4% | 14.7% |
| 2004 | $58M | +1267.0% | $17M | $1.88 | 76.0% | 22.8% |
| 2003 | $4M | +111.7% | $4M | $-2.20 | 7.2% | 7.5% |
| 2002 | -$36M | - | -$36M | $-1.21 | -4858.7% | -4858.7% |
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MKTX — Frequently Asked Questions
Quick answers to the most common questions about buying MKTX stock.
What is MKTX earnings per share (EPS)?
MKTX trailing twelve-month (TTM) diluted EPS is $8.69, reflecting -8.5% year-over-year growth. The 5-year EPS CAGR is -3.2%. Complete EPS history from 2002 to 2025 is available in the table on this page.
What is MarketAxess Holdings Inc.'s net income?
MarketAxess Holdings Inc. (MKTX) trailing twelve-month net income is $306M as of 2025. Earnings declined -8.5% year-over-year. MarketAxess Holdings Inc. has been profitable for 23 consecutive years.
Is MKTX profitable?
Yes, MKTX is profitable with a TTM net income of $306M and a net profit margin of +29.0%. MarketAxess Holdings Inc. has generated profits for 23 consecutive years.
What is MKTX's earnings growth rate?
MKTX compound annual EPS growth rates (CAGR): 1-Year: -8.5%, 3-Year: +0.1%, 5-Year: -3.2%, 10-Year: +10.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2002 to 2025.
What are MKTX's profit margins?
MarketAxess Holdings Inc. net profit margin is +29.0%, operating margin is +41.2%, and gross margin is +69.9%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +19.4%.
Is MKTX growing earnings?
MKTX earnings are declining — EPS fell -8.5% year-over-year. TTM net income dropped to $306M. This contrasts with the 5-year CAGR of -3.2%.
What was MKTX's best earnings year?
MarketAxess Holdings Inc.'s highest annual net income on record is $299M, achieved in fiscal year 2020. Earnings history on this page spans 2002 to 2025 and includes all annual and quarterly figures.
What were MKTX's earnings last quarter?
MKTX's most recent reported quarter was Q2 2026. Net income was $68M with diluted EPS of $1.93. For a full breakdown of all quarters, see the quarterly earnings table on this page.