MarketAxess Holdings Inc.

MarketAxess Holdings Inc.

MKTXยทNASDAQ

$122.98

-4.9%
Financial ServicesFinancial - Capital Markets

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$4.37B
EPS6.6600
P/E Ratio18.47
Earnings Date07/22/2026
3Y+18.0%
5Y+23.0%
10Y+131.0%
3Y-1.0%
5Y-18.0%
10Y+95.0%
3Y+32.0%
5Y-6.0%
10Y+376.0%
MarketAxess Holdings Inc.

MarketAxess Holdings Inc. Profit Bridge

MKTX ยท NASDAQ
Revenue849.20M
Cost of Goods Sold (255.80M)
Gross Profit593.40M
Operating Expenses (243.44M)
Operating Income349.96M
Interest Expense (1.49M)
Other Income/Expense17.04M
Pretax Income367.00M
Income Tax (120.08M)
Net Income246.63M
Net Income
246.63M

Profitability Analysis

Gross Margin

69.9%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

41.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

29.0%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

32.7%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

MarketAxess Holdings Inc. Income Statement

MKTX โ€ข NASDAQ

MarketAxess Holdings Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
849.2M
817.9M
750.9M
718.7M
701M
689.1M
511.4M
435.6M
393.4M
367.7M
303.1M
262.8M
238.7M
190.8M
171.9M
146.2M
114.4M
0.0
0.0
0.0
GROSS PROFIT
(255.8M)
(244.3M)
(226.8M)
(199.2M)
(172.2M)
(177.9M)
(142.4M)
(116.9M)
(108.1M)
(102.7M)
(83.9M)
(75M)
(64.4M)
(54.7M)
(52.4M)
(74.9M)
(65.6M)
(0.0)
(0.0)
(0.0)
593.4M
573.6M
524.1M
519.5M
528.8M
511.2M
369M
318.7M
285.3M
265M
219.2M
187.8M
174.3M
136.2M
119.4M
71.3M
48.9M
0.0
0.0
0.0
OPERATING INCOME
(243.4M)
(234.7M)
(205.4M)
(192.7M)
(191.5M)
(136.5M)
(118.1M)
(106.1M)
(85.7M)
(75.1M)
(71.3M)
(69.2M)
(67M)
(46.8M)
(38M)
(20.4M)
(18.8M)
-12.8M
-17.3M
-8.6M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(100.5M)
(91.2M)
(83M)
(66.4M)
(57.2M)
(52.8M)
(51.9M)
(52.9M)
(40M)
(32.8M)
(14M)
(12M)
(72.4M)
(69.2M)
(1.8M)
350M
338.9M
318.7M
326.8M
337.3M
374.7M
250.9M
212.6M
199.6M
190M
147.9M
118.5M
107.3M
89.4M
81.5M
50.9M
30M
12.8M
17.3M
8.6M
PRE-TAX INCOME
(1.5M)
(1.6M)
(2M)
(700K)
(842K)
(1.1M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
22.9M
24.4M
20.4M
4.3M
-441K
-1.1M
8.1M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
(243.4M)
(234.7M)
(205.4M)
(192.7M)
(191.5M)
(36M)
(26.9M)
(23.1M)
(19.3M)
(17.8M)
(18.5M)
(17.4M)
(14.1M)
(6.8M)
(5.2M)
(6.4M)
(6.8M)
-85.2M
-86.5M
-10.4M
17M
21.7M
14M
11.5M
-3.3M
-369K
6.5M
5.5M
2.2M
1.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
367M
360.5M
332.7M
338.3M
333.9M
374.4M
257.4M
218.1M
201.8M
191.6M
147.9M
118.5M
107.3M
89.4M
81.5M
50.9M
30M
12.8M
17.3M
8.6M
NET INCOME
(120.1M)
(86.4M)
(74.6M)
(88.1M)
(76M)
(75M)
(52.5M)
(45.2M)
(53.7M)
(65.4M)
(51.9M)
(43.7M)
(38.7M)
(27.6M)
(32M)
(19.5M)
(13.9M)
(4.9M)
(6.9M)
(3.2M)
246.6M
274.2M
258.1M
250.2M
257.9M
299.4M
204.9M
172.9M
148.1M
126.2M
96M
74.8M
76M
60.1M
47.7M
31.4M
16.1M
7.9M
10.3M
5.4M

SEC Filings

MKTX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 29, 2026
April 29, 2026
2026
8-K/A

8-K/A 2026 (Amended)

N/A

April 17, 2026
January 22, 2026
2026
10-K

10-K 2025 FY

FY

February 24, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 17, 2026
February 16, 2026
2026
8-K

8-K 2026

N/A

February 06, 2026
February 04, 2026
2026
8-K

8-K 2026

N/A

January 26, 2026
January 22, 2026
2026
8-K

8-K 2025

N/A

December 09, 2025
December 09, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 07, 2025
September 30, 2025
2025
Showing 1 to 10 of 328 filings