MarketAxess Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	473.3	544.48	451.28	430.75	506.74	460.86
Trading Asset Securities	100.5	99.05	99.68	74.41	24.88	19.22
Cash & Short-Term Investments	573.8	643.52	550.96	505.16	531.62	480.08
Cash Growth	4.80%	16.80%	9.07%	-4.98%	10.73%	34.65%
Accounts Receivable	408.13	228.27	374.16	313.51	216.65	167.26
Other Receivables	189.12	113.65	288.46	152.36	187.02	95.19
Receivables	597.24	341.92	662.62	465.86	403.66	262.45
Prepaid Expenses	-	46.96	82.48	66.24	26.96	28.95
Restricted Cash	169.48	155.98	160.39	141.92	118.83	147.19
Other Current Assets	52.06	11.11	12.39	9.38	11.2	8.89
Total Current Assets	1,393	1,199	1,469	1,189	1,092	927.56
Property, Plant & Equipment	165.03	165.43	165.72	166.36	167.02	161.13
Long-Term Investments	56.75	89.51	24.69	-	-	-
Goodwill	283.67	236.71	236.71	154.79	154.79	147.39
Other Intangible Assets	115.88	98.08	119.11	98.07	116.38	95.35
Total Assets	2,014	1,789	2,015	1,608	1,530	1,331
Accounts Payable	26.57	31.3	32.47	37.25	48.72	44.35
Accrued Expenses	60.37	68.05	60.12	56.3	59.72	62.33
Current Portion of Leases	3.27	12.78	-	-	-	-
Current Income Taxes Payable	98.74	3.68	7.89	28.45	40.46	42.75
Other Current Liabilities	0.5	0.94	-	14.03	-	-
Total Current Liabilities	189.46	116.75	100.49	136.02	148.89	149.43
Long-Term Leases	63.6	59.96	79.68	82.68	88.43	93.61
Long-Term Unearned Revenue	4.84	5	4.54	3.99	-	-
Other Long-Term Liabilities	365.83	218.85	537.4	303.99	251.83	133.33
Total Liabilities	623.73	400.56	722.1	526.68	489.14	376.37
Common Stock	0.12	0.12	0.12	0.12	0.12	0.12
Additional Paid-In Capital	358.61	350.7	333.29	345.47	330.26	329.74
Retained Earnings	1,475	1,406	1,244	1,102	956.97	799.37
Treasury Stock	-451.4	-333.37	-260.3	-328.33	-232.71	-169.52
Comprehensive Income & Other	-3.63	-34.7	-24.37	-37.7	-13.33	-4.65
Shareholders' Equity	1,390	1,389	1,293	1,081	1,041	955.06
Total Liabilities & Equity	2,014	1,789	2,015	1,608	1,530	1,331
Total Debt	66.87	72.74	79.68	82.68	88.43	93.61
Net Cash (Debt)	506.93	570.78	471.29	422.48	443.19	386.47
Net Cash Growth	7.32%	21.11%	11.55%	-4.67%	14.68%	49.47%
Net Cash Per Share	13.57	15.15	12.52	11.22	11.63	10.13
Filing Date Shares Outstanding	37.17	37.69	37.87	37.61	37.84	38
Total Common Shares Outstanding	37.15	37.65	37.9	37.65	37.92	38.01
Working Capital	1,203	1,083	1,368	1,053	943.37	778.13
Book Value Per Share	37.11	36.89	34.12	28.72	27.46	25.13
Tangible Book Value	978.9	1,054	937.15	828.24	770.14	712.32
Tangible Book Value Per Share	26.35	27.99	24.73	22.00	20.31	18.74
Machinery	-	64.49	57.03	53.02	61.97	68.56
Leasehold Improvements	-	31.39	31.21	30.66	31.02	29.06

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