MarketAxess Holdings Inc. (MKTX)
NASDAQ: MKTX · Real-Time Price · USD
165.59
+0.05 (0.03%)
Nov 6, 2026, 4:00 PM EST - Market closed

MarketAxess Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
871.61846.27817.1752.55718.3698.95
Revenue Growth
3.85%3.57%8.58%4.77%2.77%1.43%
Gross Profit
536.1524.88509.44482.92483.23485.56
Operating Income
359.05346.89340.87315.02326.81337.26
Net Income
292.08246.63274.18258.06250.22257.89
Earnings Per Share
8.196.647.286.856.656.77
EPS Growth
39.51%-8.79%6.28%3.01%-1.77%-13.76%

Revenue by Segment

Fiscal Year
FY 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 Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
481.57620.51643.52550.96505.16531.62
Total Debt
153.09284.9472.6579.6882.6888.43
Net Cash (Debt)
328.48335.57570.87471.29422.48443.19
Net Cash Growth
-35.20%-41.22%21.13%11.55%-4.67%14.68%
Net Cash Per Share
9.219.0415.1512.5211.2211.63

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
357.44382.14385.24333.77289.23282.09
Capital Expenditures
-5.07-8.2-9.94-9.33-13.14-17.49
Free Cash Flow
352.37373.94375.3324.44276.09264.6
Free Cash Flow Growth
-10.77%-0.36%15.67%17.51%4.34%-32.06%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
61.51%62.02%62.35%64.17%67.27%69.47%
Operating Margin
41.19%40.99%41.72%41.86%45.50%48.25%
Pretax Margin
39.96%43.37%44.13%44.21%47.10%47.77%
Profit Margin
33.51%29.14%33.56%34.29%34.84%36.90%
FCF Margin
40.43%44.19%45.93%43.11%38.44%37.86%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
2.63%2.70%2.78%2.86%6.06%10.00%
Dividend Yield
1.88%1.61%1.31%0.98%1.00%0.64%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
20.2127.3231.0843.0241.9560.64
Forward PE
19.3322.9828.8340.6838.6153.63
P/FCF Ratio
16.5418.0222.7134.2238.0259.11
PS Ratio
6.697.9610.4314.7514.6122.38