MarketAxess Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	846.27	817.1	752.55	718.3	698.95
Revenue	846.27	817.1	752.55	718.3	698.95
Revenue Growth (YoY)	3.57%	8.58%	4.77%	2.77%	1.43%
Cost of Revenue	321.78	307.66	269.63	235.07	213.39
Gross Profit	524.49	509.44	482.92	483.23	485.56
Selling, General & Admin	100.9	94.75	97.34	94.97	94.85
Operating Expenses	177.6	168.57	167.9	156.42	148.3
Operating Income	346.89	340.87	315.02	326.81	337.26
Interest Expense	-1.49	-1.6	-1.98	-0.7	-0.84
Interest & Investment Income	24.4	26.05	22.43	5.04	0.4
Earnings From Equity Investments	0.46	1.4	0.74	1.13	-
Currency Exchange Gain (Loss)	-	-1.69	2.12	-0.89	-
Other Non Operating Income (Expenses)	1.79	-4.47	-5.62	6.9	-2.9
EBT Excluding Unusual Items	372.05	360.55	332.7	338.29	333.92
Merger & Restructuring Charges	-5.05	-	-	-	-
Pretax Income	367	360.55	332.7	338.29	333.92
Income Tax Expense	120.08	86.37	74.65	88.06	76.04
Earnings From Continuing Operations	246.91	274.18	258.06	250.22	257.89
Minority Interest in Earnings	-0.29	-	-	-	-
Net Income	246.63	274.18	258.06	250.22	257.89
Net Income to Common	246.63	274.18	258.06	250.22	257.89
Net Income Growth	-10.05%	6.25%	3.13%	-2.97%	-13.86%
Shares Outstanding (Basic)	37	38	38	37	38
Shares Outstanding (Diluted)	37	38	38	38	38
Shares Change (YoY)	-1.42%	0.05%	0.03%	-1.19%	-0.12%
EPS (Basic)	6.66	7.29	6.87	6.68	6.88
EPS (Diluted)	6.64	7.28	6.85	6.65	6.77
EPS Growth	-8.79%	6.28%	3.01%	-1.77%	-13.76%
Free Cash Flow	-	375.3	324.44	276.09	264.6
Free Cash Flow Per Share	-	9.96	8.62	7.33	6.95
Dividend Per Share	3.040	2.960	2.880	2.800	2.640
Dividend Growth	2.70%	2.78%	2.86%	6.06%	10.00%
Gross Margin	61.98%	62.35%	64.17%	67.27%	69.47%
Operating Margin	40.99%	41.72%	41.86%	45.50%	48.25%
Profit Margin	29.14%	33.56%	34.29%	34.84%	36.90%
Free Cash Flow Margin	-	45.93%	43.11%	38.44%	37.86%
EBITDA	423.02	414.69	385.58	388.26	390.71
EBITDA Margin	49.99%	50.75%	51.24%	54.05%	55.90%
D&A For EBITDA	76.12	73.82	70.56	61.45	53.45
EBIT	346.89	340.87	315.02	326.81	337.26
EBIT Margin	40.99%	41.72%	41.86%	45.50%	48.25%
Effective Tax Rate	32.72%	23.95%	22.44%	26.03%	22.77%
Revenue as Reported	846.27	817.1	752.55	718.3	698.95

Source: S&P Global Market Intelligence. Standard template. Financial Sources.