MarketAxess Holdings Inc. (MKTX) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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MKTX Revenue Growth
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 May 6, 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, ICE, and CME. Compare MKTX vs TW →
MKTX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MKTXCurrent | $839M | +1.0% | +9.8% | 41.7% | |
 TW | $2.1B | - | - | 41.2% | |
 ICE | $12.6B | - | - | 38.7% | |
 CME | $6.5B | - | - | 64.9% | |
 CBOE | $4.7B | - | - | 32.1% | |
 NDAQ | $8.2B | - | - | 28.4% |
MKTX Historical Revenue Data (2013–2024)
| 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 ComparisonMKTX — Frequently Asked Questions
Quick answers to the most common questions about buying MKTX stock.
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.