MarketAxess Holdings Inc. (MKTX)
NASDAQ: MKTX · Real-Time Price · USD
162.30
-0.46 (-0.28%)
At close: Jul 31, 2026, 4:00 PM EDT
162.80
+0.50 (0.31%)
After-hours: Jul 31, 2026, 7:56 PM EDT

MarketAxess Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
870.03846.27817.1752.55718.3698.95
Revenue Growth
3.93%3.57%8.58%4.77%2.77%1.43%
Gross Profit
516.84502.85491.19465.82465.57469.49
Operating Income
352.39341.84340.87315.02326.88337.24
Net Income
307.1246.91274.18258.06250.22257.89
Earnings Per Share
8.486.647.286.856.656.77
EPS Growth
42.76%-8.79%6.28%3.01%-1.77%-13.76%

Revenue by Segment

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Commission
734.62711.71662.96641.18621.01
Information Services
53.2350.5446.3839.3138.18
Post Trade Services
44.4942.4940.1836.8838.92
Other Services
13.9212.363.020.930.85
Revenue (Total)
846.27817.1752.55718.3698.95

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
245.79519.73544.48451.28430.75506.74
Total Debt
178.91284.9472.6579.6882.6888.43
Net Cash (Debt)
66.88234.8471.82371.6348.07418.31
Net Cash Growth
-83.01%-50.24%26.97%6.76%-16.79%13.91%
Net Cash Per Share
1.856.3212.529.879.2510.98

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
277.18382.14385.24333.77289.23282.09
Capital Expenditures
-6.53-8.2-9.94-9.33-13.14-17.49
Free Cash Flow
270.65373.94375.3324.44276.09264.6
Free Cash Flow Growth
-33.85%-0.36%15.67%17.51%4.34%-32.06%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
59.40%59.42%60.11%61.90%64.82%67.17%
Operating Margin
40.50%40.39%41.72%41.86%45.51%48.25%
Pretax Margin
42.19%43.37%44.13%44.21%47.10%47.77%
Profit Margin
35.30%29.18%33.56%34.29%34.84%36.90%
FCF Margin
0.00%44.19%45.93%43.11%38.44%37.86%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
3.1203.0402.9602.8802.8002.640
Dividend Per Share Growth
2.65%2.70%2.78%2.86%6.06%10.00%
Dividend Yield
1.92%1.72%1.33%1.00%1.01%0.65%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
19.1427.3031.0542.7541.9460.75
Forward PE
19.5322.9828.8340.6838.6153.63
P/FCF Ratio
21.3117.3422.6734.2138.0358.94
PS Ratio
6.637.6610.4114.7514.6222.31