MarketAxess Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021
Revenue	233.38	209.41	208.82	219.46	208.58	202.4	206.72	197.66	210.32	197.25	172.28	179.85	203.17	177.9	172.11	182.23	186.06	165.06	162.09	176.33
Revenue Growth (YoY)	11.89%	3.46%	1.02%	11.03%	-0.83%	2.61%	19.98%	9.90%	3.52%	10.88%	0.10%	-1.31%	9.20%	7.78%	6.18%	3.34%	-4.81%	-3.67%	-1.17%	-4.58%
Cost of Revenue	94.98	86.27	83.89	89.11	84.15	82.63	81.37	78.68	83.23	79.19	67.88	67.8	71.86	62.84	63.19	62.19	64.52	56.19	54.81	55.65
Gross Profit	138.4	123.14	124.93	130.36	124.43	119.78	125.34	118.98	127.09	118.05	104.41	112.05	131.31	115.07	108.93	120.04	121.53	108.87	107.28	120.69
Selling, General & Admin	18.27	27.52	19.69	19.3	17.81	21.26	19.56	19.28	16.39	21.5	19.94	19.31	19.49	21.66	17.31	20.01	18.26	21.69	19.31	20.41
Depreciation & Amortization Expenses	19.21	19.61	19.66	19.2	18.24	18.54	18.73	18.36	18.2	19.53	17.56	17.01	16.46	15.73	15.3	15.24	15.17	14.61	13.96	13.1
Total Operating Expenses	37.48	47.13	39.35	38.49	36.05	39.8	38.29	37.64	34.59	41.03	37.5	36.32	35.95	37.39	32.62	35.25	33.43	36.29	33.28	33.51
Operating Income	100.92	76.01	85.58	91.86	88.38	79.98	87.06	81.34	92.5	77.03	66.91	75.73	95.36	77.67	76.31	84.79	88.1	72.58	74	87.18
Interest Income	4.31	5.45	5.85	5.93	7.17	6.72	6.95	6.4	5.97	6.27	6.59	5.31	4.25	3.29	1.43	0.25	0.06	0.08	0.11	0.11
Interest Expense	-2.89	-0.96	-0.17	-0.14	-0.21	-0.32	-0.35	-0.62	-0.32	-1.64	-0.16	-0.05	-0.13	-0.05	-0.14	-0.34	-0.17	-0.17	-0.31	-0.17
Other Non-Operating Income (Expense)	1.54	-0.71	2.38	-0.24	0.82	-1.78	-0.77	-0.78	-1.44	2.15	-1.59	-2.04	-1.28	-1.49	1.26	4.87	2.43	-0.92	0.7	-1.06
Total Non-Operating Income (Expense)	2.96	3.77	8.06	5.55	7.77	4.62	5.84	5	4.22	6.79	4.83	3.22	2.84	1.76	2.55	4.79	2.32	-1.01	0.49	-1.12
Pretax Income	103.89	79.79	93.64	97.42	96.15	84.6	92.9	86.34	96.72	83.81	71.74	78.95	98.2	79.43	78.86	89.58	90.42	71.58	74.49	86.05
Provision for Income Taxes	25.78	-12.61	25.37	26.24	81.09	19.46	21.41	21.4	24.1	14.19	16.8	19.09	24.57	20.2	19.56	22.66	25.65	19.39	16.54	18.77
Net Income	78.11	92.39	68.27	71.18	15.07	65.14	71.49	64.94	72.62	69.63	54.94	59.86	73.63	59.23	59.31	66.92	64.77	52.19	57.96	67.29
Net Income to Common	78.11	92.39	68.27	71.18	15.07	65.14	71.49	64.94	72.62	69.63	54.94	59.86	73.63	59.23	59.31	66.92	64.77	52.19	57.96	67.29
Net Income Growth	418.47%	41.84%	-4.50%	9.61%	-79.25%	-6.45%	30.12%	8.48%	-1.38%	17.56%	-7.36%	-10.55%	13.68%	13.49%	2.33%	-0.54%	-19.50%	-28.45%	-14.49%	-19.76%
Shares Outstanding (Basic)	35	37	37	37	37	37	38	38	38	38	37	37	37	37	37	38	37	38	38	38
Shares Outstanding (Diluted)	35	37	37	37	37	38	38	38	38	38	38	38	38	38	38	38	38	38	38	38
Shares Change (YoY)	-5.53%	-2.44%	-1.33%	-1.04%	-0.88%	-0.55%	0.09%	0.27%	0.39%	0.63%	0.02%	-0.05%	-0.47%	-1.24%	-1.36%	-1.30%	-0.87%	-0.37%	-0.20%	-0.13%
EPS (Basic)	2.21	2.52	1.84	1.91	0.40	1.74	1.90	1.72	1.92	1.85	1.47	1.60	1.96	1.58	1.58	1.78	1.73	1.39	1.54	1.79
EPS (Diluted)	2.20	2.51	1.84	1.91	0.40	1.73	1.90	1.72	1.92	1.84	1.46	1.59	1.96	1.58	1.58	1.78	1.71	1.37	1.52	1.77
EPS Growth	450.00%	45.09%	-3.16%	11.05%	-79.17%	-5.98%	30.14%	8.18%	-2.04%	16.46%	-7.60%	-10.67%	14.62%	15.33%	3.95%	0.56%	-18.96%	-28.27%	-14.61%	-19.55%
Free Cash Flow	-75.59	155.06	88.67	102.51	27.7	176.03	94.25	111.15	-6.15	139.61	73.18	104.34	7.31	127.73	81.14	92.35	-25.13	142.79	58.06	91.17
Free Cash Flow Growth	-	-11.91%	-5.93%	-7.78%	-	26.09%	28.80%	6.53%	-	9.31%	-9.81%	12.98%	-	-10.55%	39.76%	1.29%	-	-36.72%	-	-8.72%
Free Cash Flow Per Share	-2.14	4.23	2.39	2.75	0.74	4.68	2.51	2.95	-0.16	3.69	1.95	2.78	0.19	3.40	2.16	2.46	-0.66	3.75	1.52	2.39
Dividends Per Share	0.780	0.760	0.760	0.760	0.760	0.740	0.740	0.740	0.740	0.720	0.720	0.720	0.720	0.700	0.700	0.700	0.700	0.660	0.660	0.660
Dividend Growth	2.63%	2.70%	2.70%	2.70%	2.70%	2.78%	2.78%	2.78%	2.78%	2.86%	2.86%	2.86%	2.86%	6.06%	6.06%	6.06%	6.06%	10.00%	10.00%	10.00%
Gross Margin	59.30%	58.80%	59.83%	59.40%	59.66%	59.18%	60.64%	60.19%	60.43%	59.85%	60.60%	62.30%	64.63%	64.68%	63.29%	65.87%	65.32%	65.96%	66.18%	68.44%
Operating Margin	43.24%	36.30%	40.98%	41.86%	42.37%	39.51%	42.11%	41.15%	43.98%	39.05%	38.84%	42.11%	46.93%	43.66%	44.34%	46.53%	47.35%	43.97%	45.65%	49.44%
Profit Margin	33.47%	44.12%	32.69%	32.43%	7.22%	32.18%	34.58%	32.85%	34.53%	35.30%	31.89%	33.28%	36.24%	33.29%	34.46%	36.72%	34.81%	31.62%	35.76%	38.16%
FCF Margin	-32.39%	74.05%	42.46%	46.71%	13.28%	86.97%	45.60%	56.23%	-2.92%	70.78%	42.48%	58.02%	3.60%	71.80%	47.14%	50.68%	-13.50%	86.50%	35.82%	51.71%
EBITDA	122.07	97.6	107.16	112.92	108.38	100.13	107.57	101.33	112.3	98.2	85.96	94.08	113.19	94.88	92.85	101.43	104.87	88.93	89.65	101.98
EBITDA Margin	52.30%	46.61%	51.32%	51.45%	51.96%	49.47%	52.04%	51.27%	53.39%	49.79%	49.89%	52.31%	55.71%	53.33%	53.95%	55.66%	56.37%	53.88%	55.31%	57.83%
EBIT	100.92	76.01	85.58	91.86	88.38	79.98	87.06	81.34	92.5	77.03	66.91	75.73	95.36	77.67	76.31	84.79	88.1	72.58	74	87.18
EBIT Margin	43.24%	36.30%	40.98%	41.86%	42.37%	39.51%	42.11%	41.15%	43.98%	39.05%	38.84%	42.11%	46.93%	43.66%	44.34%	46.53%	47.35%	43.97%	45.65%	49.44%
Effective Tax Rate	24.81%	-15.80%	27.09%	26.93%	84.33%	23.00%	23.04%	24.79%	24.92%	16.92%	23.42%	24.18%	25.02%	25.43%	24.80%	25.29%	28.37%	27.09%	22.20%	21.81%

SEC Filings: 10-K · 10-Q