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
162.11
0.00 (0.00%)
After-hours: Aug 21, 2026, 4:15 PM EDT
MarketAxess Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | 306.4 | 246.63 | 274.18 | 258.06 | 250.22 | 257.89 |
Depreciation & Amortization | 85.59 | 84.22 | 80.46 | 76.41 | 67.15 | 60.25 |
Stock-Based Compensation | 33.4 | 30.92 | 29.68 | 29.19 | 29.86 | 27.31 |
Other Operating Activities | 28.14 | 24.27 | 4.44 | -4.21 | -14.78 | 2.65 |
Change in Accounts Receivable | -715.36 | -125.42 | 316.36 | -188.16 | -62.77 | -141.31 |
Change in Accounts Payable | 552.94 | 103.17 | -314.69 | 220.69 | 86.05 | 96.21 |
Change in Income Taxes | -75.86 | 23.51 | -3.28 | -14.69 | -4.77 | -5.64 |
Change in Other Net Operating Assets | -14.49 | -5.01 | -0.67 | -17.17 | -14.04 | -7.39 |
Operating Cash Flow | 200.28 | 382.14 | 385.24 | 333.77 | 289.23 | 282.09 |
Operating Cash Flow Growth | -50.51% | -0.80% | 15.42% | 15.40% | 2.53% | -30.26% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -5.98 | -8.2 | -9.94 | -9.33 | -13.14 | -17.49 |
Cash Acquisitions | - | -36.52 | - | -78.48 | - | -17.08 |
Sale (Purchase) of Intangibles | -51.72 | -49.81 | -46.62 | -43.12 | -38.73 | -33.12 |
Investment in Securities | -1.81 | -2.4 | -30.37 | -24.37 | -34.4 | - |
Investing Cash Flow | -59.5 | -96.93 | -86.94 | -155.29 | -86.27 | -67.69 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 220 | 344.93 | 124 | 100 | 70.35 |
Total Debt Issued | 350.16 | 220 | 344.93 | 124 | 100 | 70.35 |
Short-Term Debt Repaid | - | - | -344.93 | -124 | -100 | -70.35 |
Total Debt Repaid | -234.25 | - | -344.93 | -124 | -100 | -70.35 |
Net Debt Issued (Repaid) | 115.91 | 220 | - | - | - | - |
Issuance of Common Stock | - | - | 2.99 | 0.94 | 0.67 | 7.1 |
Repurchase of Common Stock | -364.86 | -437.17 | -91.67 | -25.84 | -110.94 | -97.08 |
Common Dividends Paid | -113.38 | -115.2 | -112.7 | -109.66 | -105.94 | -99.79 |
Other Financing Activities | - | - | - | -12.5 | -26.16 | - |
Financing Cash Flow | -362.33 | -332.37 | -201.38 | -147.06 | -242.38 | -189.78 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -9.18 | 22.55 | -8.14 | 7.59 | -13.48 | -7.11 |
Net Cash Flow | -230.73 | -24.61 | 88.79 | 39.01 | -52.9 | 17.52 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 194.3 | 373.94 | 375.3 | 324.44 | 276.09 | 264.6 |
Free Cash Flow Growth | -51.48% | -0.36% | 15.67% | 17.51% | 4.34% | -32.06% |
Free Cash Flow Margin | 22.33% | 44.19% | 45.93% | 43.11% | 38.44% | 37.86% |
Free Cash Flow Per Share | 5.38 | 10.07 | 9.96 | 8.62 | 7.33 | 6.95 |
Levered Free Cash Flow | -457.79 | 222.61 | 596.66 | -22.11 | 113.34 | 133.5 |
Unlevered Free Cash Flow | -454.73 | 223.54 | 597.66 | -20.87 | 113.78 | 134.03 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 5.24 | 0.72 | 1.72 | 1.87 | 0.65 | 0.83 |
Cash Income Tax Paid | 104.54 | 62.83 | 96.93 | 94.81 | 88.68 | 70 |
Change in Working Capital | -253.25 | -3.89 | -3.53 | -25.68 | -43.24 | -66.01 |