MarketAxess Holdings Inc. (MKTX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 170.17M | 141.34M | 145.43M | 160.17M | 146.46M | 139.84M | 145.76M | 137M | 151.69M | 132.01M | 117.39M | 125.07M | 149.34M | 126.24M | 121.89M | 133.61M | 136.69M | 119.65M | 119.06M | 134.06M |
| Gross Margin % | 72.92% | 68.15% | 69.06% | 71.41% | 70.78% | 69.31% | 70.1% | 69.46% | 71.67% | 67.85% | 67.85% | 69.54% | 73.5% | 70.96% | 70.82% | 73.31% | 73.73% | 72.26% | 73.22% | 75.79% |
| Gross Profit Growth % | 16.19% | 1.07% | -0.22% | 16.91% | -3.45% | 5.93% | 24.17% | 9.54% | 1.58% | 4.57% | -3.7% | -6.39% | 9.25% | 5.5% | 2.38% | -0.34% | -12.1% | -11.07% | -9.02% | -11.92% |
| Operating Expenses | 69.25M | 64.41M | 60.82M | 62.91M | 55.29M | 67.12M | 53.53M | 55.16M | 59.61M | 51.32M | 53.63M | 49.34M | 53.98M | 48.57M | 45.58M | 48.82M | 49.7M | 47.06M | 45.05M | 46.89M |
| OpEx % of Revenue | 29.67% | 31.06% | 28.88% | 28.05% | 26.72% | 33.27% | 25.74% | 27.97% | 28.16% | 26.38% | 31% | 27.44% | 26.57% | 27.3% | 26.49% | 26.79% | 26.81% | 28.42% | 27.7% | 26.51% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 100.92M | 76.92M | 84.61M | 97.26M | 91.17M | 72.71M | 92.23M | 81.84M | 92.08M | 80.69M | 63.75M | 75.73M | 95.36M | 77.67M | 76.31M | 84.79M | 86.99M | 72.59M | 74.01M | 87.18M |
| Operating Margin % | 43.24% | 37.09% | 40.18% | 43.36% | 44.06% | 36.04% | 44.35% | 41.49% | 43.51% | 41.48% | 36.85% | 42.11% | 46.93% | 43.66% | 44.34% | 46.53% | 46.92% | 43.84% | 45.51% | 49.29% |
| Operating Income Growth % | 10.69% | 5.79% | -8.26% | 18.83% | -0.99% | -9.89% | 44.66% | 8.08% | -3.43% | 3.89% | -16.46% | -10.69% | 9.62% | 7% | 3.11% | -2.74% | -15.93% | -20.83% | -15.72% | -16.28% |
| EBITDA | 120.13M | 98.51M | 106.19M | 118.31M | 111.17M | 92.87M | 112.74M | 101.84M | 111.88M | 101.87M | 82.81M | 94.08M | 113.19M | 94.88M | 92.85M | 101.43M | 103.76M | 88.95M | 89.66M | 101.98M |
| EBITDA Margin % | 51.47% | 47.5% | 50.43% | 52.75% | 53.72% | 46.03% | 54.22% | 51.63% | 52.86% | 52.36% | 47.86% | 52.31% | 55.71% | 53.33% | 53.95% | 55.66% | 55.97% | 53.72% | 55.14% | 57.65% |
| EBITDA Growth % | 8.06% | 6.07% | -5.81% | 16.18% | -0.64% | -8.84% | 36.15% | 8.24% | -1.15% | 7.37% | -10.81% | -7.25% | 9.08% | 6.67% | 3.55% | -0.53% | -11.25% | -14.46% | -9.12% | -10.64% |
| D&A (Non-Cash Add-back) | 19.21M | 21.59M | 21.58M | 21.06M | 20M | 20.15M | 20.52M | 20M | 19.8M | 21.18M | 19.05M | 18.35M | 17.83M | 17.21M | 16.54M | 16.64M | 16.77M | 16.35M | 15.65M | 14.8M |
| EBIT | 106.77M | 80.75M | 93.81M | 97.56M | 96.37M | 84.91M | 93.24M | 86.96M | 97.03M | 85.45M | 71.91M | 79M | 98.33M | 79.48M | 79M | 89.92M | 90.59M | 71.74M | 74.81M | 86.22M |
| Net Interest Income | 1.42M | 4.48M | 5.68M | 5.79M | 6.96M | 6.4M | 6.61M | 5.78M | 5.66M | 4.64M | 6.43M | 5.26M | 4.12M | 3.24M | 1.29M | -83K | -114K | -87K | -206K | -64K |
| Interest Income | 4.31M | 5.45M | 5.85M | 5.93M | 7.17M | 6.72M | 6.95M | 6.4M | 5.97M | 6.27M | 6.59M | 5.31M | 4.25M | 3.29M | 1.43M | 254K | 59K | 79K | 108K | 107K |
| Interest Expense | 2.89M | 964K | 171K | 139K | 213K | 318K | 346K | 621K | 316K | 1.64M | 164K | 53K | 130K | 52K | 138K | 337K | 173K | 166K | 314K | 171K |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 103.89M | 79.79M | 93.64M | 97.42M | 96.15M | 84.59M | 92.9M | 86.34M | 96.72M | 83.81M | 71.74M | 78.95M | 98.19M | 79.43M | 78.86M | 89.58M | 90.42M | 71.58M | 74.49M | 86.05M |
| Pretax Margin % | 44.51% | 38.47% | 44.47% | 43.43% | 46.47% | 41.93% | 44.67% | 43.77% | 45.7% | 43.08% | 41.47% | 43.9% | 48.33% | 44.65% | 45.82% | 49.15% | 48.77% | 43.23% | 45.81% | 48.65% |
| Income Tax | 25.78M | -12.61M | 25.37M | 26.24M | 81.09M | 19.46M | 21.41M | 21.4M | 24.1M | 14.19M | 16.8M | 19.09M | 24.57M | 20.2M | 19.56M | 22.66M | 25.65M | 19.39M | 16.54M | 18.77M |
| Effective Tax Rate % | 24.81% | -15.8% | 27.09% | 26.93% | 84.33% | 23% | 23.04% | 24.79% | 24.92% | 16.92% | 23.42% | 24.18% | 25.02% | 25.43% | 24.8% | 25.29% | 28.37% | 27.09% | 22.2% | 21.81% |
| Net Income | 77.88M | 92.24M | 68.18M | 71.15M | 15.06M | 65.14M | 71.49M | 64.94M | 72.61M | 69.63M | 54.94M | 59.86M | 73.63M | 59.23M | 59.31M | 66.92M | 64.77M | 52.19M | 57.96M | 67.29M |
| Net Margin % | 33.37% | 44.47% | 32.38% | 31.72% | 7.28% | 32.28% | 34.38% | 32.92% | 34.31% | 35.79% | 31.76% | 33.28% | 36.24% | 33.29% | 34.46% | 36.72% | 34.93% | 31.52% | 35.64% | 38.04% |
| Net Income Growth % | 416.97% | 41.6% | -4.63% | 9.56% | -79.25% | -6.45% | 30.12% | 8.48% | -1.38% | 17.56% | -7.36% | -10.55% | 13.68% | 13.49% | 2.33% | -0.54% | -19.5% | -28.45% | -14.49% | -19.76% |
| Net Income (Continuing) | 78.11M | 92.39M | 68.27M | 71.18M | 15.06M | 65.14M | 71.49M | 64.94M | 72.61M | 69.63M | 54.94M | 59.86M | 73.63M | 59.23M | 59.31M | 66.92M | 64.77M | 52.19M | 57.96M | 67.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 13.52M | 12.59M | 11.73M | 14.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.20 | 2.51 | 1.84 | 1.91 | 0.40 | 1.73 | 1.90 | 1.72 | 1.92 | 1.84 | 1.46 | 1.60 | 1.96 | 1.58 | 1.58 | 1.78 | 1.71 | 1.37 | 1.52 | 1.77 |
| EPS Growth % | 450% | 45.09% | -3.16% | 11.05% | -79.17% | -5.98% | 30.14% | 7.5% | -2.04% | 16.46% | -7.59% | -10.11% | 14.62% | 15.33% | 3.95% | 0.56% | -18.96% | -28.27% | -14.61% | -19.55% |
| EPS (Basic) | 2.21 | 2.51 | 1.84 | 1.91 | 0.40 | 1.74 | 1.91 | 1.72 | 1.92 | 1.84 | 1.47 | 1.60 | 1.96 | 1.58 | 1.58 | 1.78 | 1.71 | 1.39 | 1.54 | 1.79 |
| Diluted Shares Outstanding | 35.39M | 36.81M | 37.11M | 37.3M | 37.46M | 37.6M | 37.61M | 37.69M | 37.79M | 37.81M | 37.57M | 37.59M | 37.65M | 37.57M | 37.57M | 37.61M | 37.82M | 38.05M | 38.08M | 38.1M |
| Basic Shares Outstanding | 35.3M | 36.81M | 37.02M | 37.21M | 37.39M | 37.48M | 37.53M | 37.66M | 37.74M | 37.73M | 37.49M | 37.48M | 37.48M | 37.48M | 37.48M | 37.53M | 37.38M | 37.53M | 37.53M | 37.51M |
| Dividend Payout Ratio | 36.46% | 30.41% | 43.19% | 39.69% | 195.58% | 42.52% | 38.75% | 42.83% | 40.6% | 39.52% | 48.95% | 44.92% | 38.51% | 44.05% | 44.39% | 39% | 42.34% | 47.51% | 42.72% | 36.83% |