MarketAxess Holdings Inc. (MKTX) Earnings History
Annual and quarterly earnings data from 2002 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 68.9% | 41.7% | 33.6% |
| 2023 | 70.2% | 41.9% | 34.3% |
| 2022 | 72.2% | 45.5% | 34.8% |
| 2021 | 73.2% | 48.2% | 36.9% |
| 2020 | 74.2% | 54.4% | 43.4% |
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MarketAxess Holdings Inc. (MKTX) Earnings Overview
As of February 28, 2026, MarketAxess Holdings Inc. (MKTX) reported trailing twelve-month net income of $220M, reflecting +0.1% year-over-year growth. The company earned $5.92 per diluted share over the past four quarters, with a net profit margin of 0.3%.
Looking at the long-term picture, MKTX's 5-year EPS compound annual growth rate (CAGR) stands at +6.2%, showing solid earnings momentum. The company achieved its highest annual net income of $299M in fiscal 2020.
MarketAxess Holdings Inc. maintains positive profitability with a gross margin of 0.7%, operating margin of 0.4%, and net margin of 0.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including TW ($813M net income, 0.4% margin), MIAX (-$97M net income, 0.1% margin), MKTX has room to improve margins relative to the peer group. Compare MKTX vs TW →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
MKTXCurrent | $220M | $5.92 | 0.3% | 0.2% | +0.1% | — |
TW | $813M | $3.79 | 0.4% | 0.1% | +0.6% | |
MIAX | -$97M | $-1.38 | 0.1% | 0.4% | +6.0% |
Historical Data
23 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $274M | +6.2% | $341M | $7.28 | 33.6% | 41.7% |
| 2023 | $258M | +3.1% | $315M | $6.85 | 34.3% | 41.9% |
| 2022 | $250M | -3.0% | $327M | $6.65 | 34.8% | 45.5% |
| 2021 | $258M | -13.9% | $337M | $6.77 | 36.9% | 48.2% |
| 2020 | $299M | +46.1% | $375M | $7.85 | 43.4% | 54.4% |
| 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% | $200M | $3.89 | 37.6% | 50.7% |
| 2016 | $126M | +31.4% | $190M | $3.34 | 34.3% | 51.7% |
| 2015 | $96M | +28.4% | $148M | $2.55 | 31.7% | 48.8% |
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Start ComparisonFrequently Asked Questions
Is MKTX growing earnings?
MKTX EPS of $5.92 reflects slowing growth at +0.1%, below the 5-year CAGR of +6.2%. TTM net income is $220M. Expansion rate has moderated.
What are MKTX's profit margins?
MarketAxess Holdings Inc. net margin is +0.3%, with operating margin at +0.4%. Below-average margins reflect competitive or cost pressures.
How consistent are MKTX's earnings?
MKTX earnings data spans 2002-2024. The current earnings trend is +0.1% YoY. Historical data enables comparison across business cycles.