MarketAxess Holdings Inc. (MKTX) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
MKTX's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
MKTX Revenue Analysis (2013–2024)
As of February 28, 2026, MarketAxess Holdings Inc. (MKTX) generated trailing twelve-month (TTM) revenue of $839.3 million, reflecting modest growth of +1.0% year-over-year. The most recent quarter (Q3 2025) recorded $208.8 million in revenue, down 4.8% sequentially.
Looking at the longer-term picture, MKTX's 5-year compound annual growth rate (CAGR) stands at +9.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $817.1 million in 2024, representing a new all-time high.
Revenue diversification analysis shows MKTX's business is primarily driven by Commission Revenue (87%), Information Services (6%), and Post Trade Services (5%). With over half of revenue concentrated in Commission Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including TW, and MIAX. Compare MKTX vs TW →
Peer Comparison
Compare MKTX's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MKTXCurrent | $839M | +1.0% | +9.8% | 41.7% | |
| TW | $2.1B | - | - | 40.3% | |
| MIAX | $1.1B | - | - | -0.2% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $817.1M | - | $563.4M | 68.9% | $340.9M | 41.7% |
| 2023 | $752.5M | - | $528.6M | 70.2% | $315.0M | 41.9% |
| 2022 | $718.3M | - | $518.5M | 72.2% | $326.9M | 45.5% |
| 2021 | $699.0M | - | $512.0M | 73.2% | $337.2M | 48.2% |
| 2020 | $689.1M | - | $511.2M | 74.2% | $374.7M | 54.4% |
| 2019 | $511.4M | - | $369.0M | 72.2% | $250.9M | 49.1% |
| 2018 | $435.6M | - | $318.7M | 73.2% | $212.6M | 48.8% |
| 2017 | $393.4M | - | $285.3M | 72.5% | $199.6M | 50.7% |
| 2016 | $367.7M | - | $265.0M | 72.1% | $190.0M | 51.7% |
| 2015 | $303.1M | - | $219.2M | 72.3% | $147.9M | 48.8% |
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Start ComparisonFrequently Asked Questions
Is MKTX's revenue growth accelerating or slowing?
MKTX revenue growth slowed to +1.0%, below the 5-year CAGR of +9.8%. TTM revenue is $839M. The deceleration marks a shift from historical growth rates.
What is MKTX's long-term revenue growth rate?
MarketAxess Holdings Inc.'s 5-year revenue CAGR of +9.8% reflects the variable expansion pattern. Current YoY growth of +1.0% is near this long-term average.
How is MKTX's revenue distributed by segment?
MKTX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.