MarketAxess Holdings Inc. (MKTX)
NASDAQ: MKTX · Real-Time Price · USD
162.11
+0.21 (0.13%)
At close: Aug 21, 2026, 4:00 PM EDT
162.00
-0.11 (-0.07%)
After-hours: Aug 21, 2026, 5:00 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
536.48524.88509.44482.92483.23485.56
Operating Income
357.17346.89340.87315.02326.81337.26
Net Income
306.4246.63274.18258.06250.22257.89
Earnings Per Share
8.486.647.286.856.656.77
EPS Growth
42.39%-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
346.31620.51643.52550.96505.16531.62
Total Debt
178.91284.9472.6579.6882.6888.43
Net Cash (Debt)
167.4335.57570.87471.29422.48443.19
Net Cash Growth
-66.11%-41.22%21.13%11.55%-4.67%14.68%
Net Cash Per Share
4.649.0415.1512.5211.2211.63

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
200.28382.14385.24333.77289.23282.09
Capital Expenditures
-5.98-8.2-9.94-9.33-13.14-17.49
Free Cash Flow
194.3373.94375.3324.44276.09264.6
Free Cash Flow Growth
-51.48%-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
61.66%62.02%62.35%64.17%67.27%69.47%
Operating Margin
41.05%40.99%41.72%41.86%45.50%48.25%
Pretax Margin
42.19%43.37%44.13%44.21%47.10%47.77%
Profit Margin
35.22%29.14%33.56%34.29%34.84%36.90%
FCF Margin
22.33%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
1.93%1.70%1.35%1.03%1.06%0.68%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
19.1227.3231.0843.0241.9560.64
Forward PE
19.4922.9828.8340.6838.6153.63
P/FCF Ratio
29.3618.0222.7134.2238.0259.11
PS Ratio
6.567.9610.4314.7514.6122.38