MarketAxess Holdings Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 17, 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
Market Capitalization	6,599	6,737	8,523	11,101	10,497	15,639
Market Cap Growth	-19.63%	-20.95%	-23.22%	5.75%	-32.88%	-27.80%
Enterprise Value	6,432	6,242	8,050	10,665	10,237	15,271
Last Close Price	179.36	181.25	222.49	284.62	268.25	391.62
PE Ratio	26.84	27.32	31.08	43.02	41.95	60.64
Forward PE	21.78	22.98	28.83	40.68	38.61	53.63
PS Ratio	7.85	7.96	10.43	14.75	14.61	22.38
PB Ratio	5.73	5.82	6.14	8.59	9.71	15.02
P/TBV Ratio	8.87	8.97	8.09	11.85	12.67	20.31
P/FCF Ratio	-	-	22.71	34.22	38.02	59.11
P/OCF Ratio	-	-	22.12	33.26	36.29	55.44
PEG Ratio	3.87	6.17	8.63	5.27	4.41	11.36
EV/Sales Ratio	7.60	7.38	9.85	14.17	14.25	21.85
EV/EBITDA Ratio	15.21	14.76	19.41	27.66	26.37	39.09
EV/EBIT Ratio	18.54	17.99	23.62	33.85	31.32	45.28
EV/FCF Ratio	-	-	21.45	32.87	37.08	57.72
Debt / Equity Ratio	0.25	0.25	0.05	0.06	0.08	0.09
Debt / EBITDA Ratio	0.65	0.65	0.17	0.20	0.21	0.22
Debt / FCF Ratio	-	-	0.19	0.25	0.30	0.33
Net Debt / Equity Ratio	-0.20	-0.20	-0.41	-0.36	-0.39	-0.43
Net Debt / EBITDA Ratio	-0.56	-0.56	-1.38	-1.22	-1.09	-1.13
Net Debt / FCF Ratio	-	-	-1.52	-1.45	-1.53	-1.67
Asset Turnover	0.47	0.47	0.43	0.42	0.46	0.49
Quick Ratio	2.55	2.55	8.44	12.08	7.14	6.28
Current Ratio	2.80	2.80	10.27	14.62	8.74	7.34
Return on Equity (ROE)	19.39%	19.39%	20.45%	21.74%	23.58%	25.84%
Return on Assets (ROA)	12.05%	12.05%	11.20%	10.87%	13.02%	14.73%
Return on Invested Capital (ROIC)	25.84%	26.80%	31.62%	33.01%	38.47%	44.65%
Return on Capital Employed (ROCE)	24.40%	24.40%	20.40%	16.50%	22.20%	24.40%
Earnings Yield	3.70%	3.66%	3.22%	2.33%	2.38%	1.65%
FCF Yield	-	-	4.40%	2.92%	2.63%	1.69%
Dividend Yield	1.75%	1.68%	1.33%	1.01%	1.04%	0.67%
Payout Ratio	46.08%	-	41.10%	42.49%	42.34%	38.70%
Buyback Yield / Dilution	1.42%	1.42%	-0.05%	-0.03%	1.19%	0.12%
Total Shareholder Return	3.16%	3.10%	1.28%	0.98%	2.24%	0.80%

Updated Feb 6, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q