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
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	343.41	325.91	286.73	252.73	229.46
Gross Profit	502.85	491.19	465.82	465.57	469.49
Selling, General & Admin	84.32	76.49	80.24	77.25	78.81
Depreciation & Amortization Expenses	76.7	73.82	70.56	61.45	53.45
Total Operating Expenses	161.02	150.32	150.8	138.69	132.25
Operating Income	341.84	340.87	315.02	326.88	337.24
Interest Income	24.4	26.05	22.43	5.04	0.4
Interest Expense	-1.49	-1.6	-1.98	-0.7	-0.84
Other Non-Operating Income (Expense)	2.25	-4.77	-2.76	7.07	-2.87
Total Non-Operating Income (Expense)	25.16	19.68	17.68	11.41	-3.31
Pretax Income	367	360.55	332.7	338.29	333.92
Provision for Income Taxes	120.08	86.37	74.65	88.06	76.04
Net Income	246.63	274.18	258.06	250.22	257.89
Minority Interest in Earnings	0.29	-	-	-	-
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%
Shares Outstanding	35.78	37.65	37.9	37.65	37.92
Free Cash Flow	373.94	375.3	324.44	276.09	264.6
Free Cash Flow Growth	-0.36%	15.67%	17.51%	4.34%	-32.06%
Free Cash Flow Per Share	10.07	9.96	8.62	7.33	6.95
Dividends 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	59.42%	60.11%	61.90%	64.82%	67.17%
Operating Margin	40.39%	41.72%	41.86%	45.51%	48.25%
Profit Margin	29.18%	33.56%	34.29%	34.84%	36.90%
FCF Margin	44.19%	45.93%	43.11%	38.44%	37.86%
EBITDA	426.06	421.33	391.43	394.03	397.48
EBITDA Margin	50.35%	51.56%	52.01%	54.86%	56.87%
EBIT	341.84	340.87	315.02	326.88	337.24
EBIT Margin	40.39%	41.72%	41.86%	45.51%	48.25%
Effective Tax Rate	32.72%	23.95%	22.44%	26.03%	22.77%

Updated Feb 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q