MarketAxess Holdings Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Current	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Mar '26 Mar 19, 2026	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021
Market Cap	6,209	6,485	6,473	8,357	8,129	8,510	9,665	7,577	8,318	11,099	8,050	9,850	14,740	10,500	8,374	9,636	12,865	15,595	15,997	17,620
Market Cap Growth	-23.62%	-23.80%	-33.02%	10.29%	-2.28%	-23.33%	20.06%	-23.08%	-43.57%	5.71%	-3.87%	2.21%	14.57%	-32.67%	-47.65%	-45.31%	-31.98%	-28.08%	-12.50%	-7.28%
Enterprise Value	5,873	6,262	6,079	7,978	7,713	8,038	9,294	7,219	8,019	10,727	7,709	9,533	14,488	10,152	8,138	9,431	12,587	15,177	15,655	17,298
Last Close Price	174.66	181.25	174.25	223.34	216.35	226.04	256.20	200.53	219.25	292.85	213.64	261.42	391.29	278.89	222.49	256.01	340.20	411.27	420.69	463.59
PE Ratio	26.30	27.30	29.63	37.60	37.63	31.05	34.72	28.89	32.20	42.75	32.42	38.96	56.71	41.94	34.55	40.13	53.41	60.75	57.55	61.24
Forward PE	21.36	22.98	22.49	28.54	28.44	28.83	34.94	28.18	29.69	40.68	28.35	33.84	50.38	38.61	31.39	34.37	44.96	53.63	52.07	56.67
PEG Ratio	2.88	6.17	5.83	5.82	5.04	8.63	8.69	9.18	3.62	5.27	2.66	2.51	3.42	4.41	5.48	3.13	2.98	11.36	7.99	5.98
PS Ratio	7.34	7.66	7.71	9.98	9.97	10.41	11.90	9.74	10.95	14.75	10.98	13.44	20.04	14.62	11.87	13.86	18.66	22.31	22.68	24.92
PB Ratio	5.45	5.66	4.70	6.03	6.03	6.13	6.97	5.70	6.31	8.58	6.76	8.45	13.14	9.71	8.22	9.63	12.57	14.98	15.16	17.24
P/TBV Ratio	5.66	5.80	4.69	6.01	6.02	6.12	6.95	5.69	6.29	8.56	6.74	8.43	13.13	9.69	8.21	9.62	12.57	15.03	15.18	17.29
P/FCF Ratio	16.60	17.34	16.39	20.87	19.87	22.67	28.52	23.84	26.75	34.21	25.76	30.73	47.77	38.03	28.76	35.95	48.20	58.94	46.04	74.26
P/OCF Ratio	16.25	16.97	16.19	20.65	19.36	22.09	27.56	22.63	25.89	33.25	24.67	29.65	45.99	36.30	27.85	34.61	45.70	55.28	43.95	69.69
EV/Sales Ratio	6.94	7.40	7.24	9.53	9.46	9.84	11.45	9.28	10.56	14.25	10.51	13.01	19.70	14.13	11.54	13.56	18.25	21.71	22.20	24.46
EV/EBITDA Ratio	13.87	14.70	14.18	18.60	18.48	19.08	22.16	18.15	20.53	27.41	19.86	24.13	36.01	25.76	20.97	24.50	32.66	38.18	37.95	41.04
EV/EBIT Ratio	16.93	18.32	17.58	22.97	22.90	23.58	27.50	22.72	25.69	34.05	24.42	29.33	43.36	31.06	25.29	29.52	39.11	45.00	43.93	46.73
EV/FCF Ratio	15.71	16.75	15.39	19.92	18.85	21.42	27.43	22.71	25.79	33.06	24.66	29.74	46.96	36.77	27.95	35.18	47.16	57.36	45.06	72.90
Debt / Equity Ratio	0.25	0.25	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.07	0.07	0.07	0.08	0.08	0.09	0.08	0.08	0.09	0.09
Debt / EBITDA Ratio	0.67	2.92	0.62	0.61	0.65	0.73	0.70	0.75	0.70	0.81	0.92	0.85	0.72	0.87	0.90	0.84	0.82	0.99	1.00	0.90
Debt / FCF Ratio	0.76	1.84	0.75	0.68	2.56	0.41	0.80	0.68	-12.70	0.57	1.08	0.77	11.12	0.65	1.03	0.93	-3.44	0.62	1.55	1.00
Net Debt / Equity Ratio	-0.20	-0.20	-0.29	-0.28	-0.31	-0.34	-0.27	-0.27	-0.23	-0.29	-0.29	-0.27	-0.22	-0.32	-0.23	-0.20	-0.27	-0.40	-0.32	-0.31
Net Debt / EBITDA Ratio	-0.55	-2.41	-3.79	-3.49	-3.83	-4.71	-3.45	-3.53	-2.66	-3.78	-3.97	-3.36	-2.22	-3.67	-2.54	-2.02	-2.65	-4.70	-3.82	-3.16
Net Debt / FCF Ratio	-0.63	-1.51	-4.58	-3.84	-15.00	-2.68	-3.94	-3.22	48.59	-2.66	-4.66	-3.03	-34.40	-2.72	-2.90	-2.22	11.07	-2.93	-5.90	-3.54
Asset Turnover	0.11	0.11	0.11	0.11	0.11	0.11	0.12	0.11	0.12	0.11	0.10	0.11	0.12	0.11	0.11	0.12	0.11	0.12	0.11	0.14
Quick Ratio	2.26	2.26	2.14	2.25	2.37	3.03	2.76	2.29	2.15	1.91	2.27	2.59	2.33	2.22	2.16	2.07	1.94	2.44	2.26	2.30
Current Ratio	2.45	2.45	2.30	2.44	2.64	3.43	3.11	2.57	2.40	2.11	2.57	2.95	2.60	2.49	2.43	2.31	2.08	2.64	2.43	2.50
Return on Equity (ROE)	7.26%	7.26%	4.92%	5.21%	1.13%	4.86%	5.55%	5.21%	5.95%	5.87%	4.97%	5.53%	6.86%	5.58%	5.72%	6.62%	6.44%	5.23%	5.94%	7.18%
Return on Assets (ROA)	4.73%	4.73%	3.24%	3.48%	0.73%	3.24%	3.75%	3.49%	3.91%	3.53%	3.11%	3.60%	4.29%	3.69%	3.62%	4.08%	3.88%	3.70%	4.03%	5.29%
Return on Invested Capital (ROIC)	9.30%	9.30%	5.94%	6.44%	1.36%	6.66%	7.10%	6.62%	7.19%	7.57%	6.10%	6.79%	8.43%	8.13%	7.32%	8.10%	8.27%	8.18%	7.79%	10.38%
Return on Capital Employed (ROCE)	5.23%	5.23%	5.86%	6.39%	6.28%	5.64%	6.37%	6.14%	7.12%	6.07%	5.64%	6.50%	8.25%	6.77%	6.79%	7.71%	8.04%	6.66%	6.93%	8.46%
Earnings Yield	3.97%	3.66%	3.37%	2.66%	2.66%	3.22%	2.88%	3.46%	3.11%	2.34%	3.08%	2.57%	1.76%	2.38%	2.89%	2.49%	1.87%	1.65%	1.74%	1.63%
FCF Yield	6.02%	5.77%	6.10%	4.79%	5.03%	4.41%	3.51%	4.19%	3.74%	2.92%	3.88%	3.25%	2.09%	2.63%	3.48%	2.78%	2.07%	1.70%	2.17%	1.35%
Dividend Yield	1.79%	0.42%	0.46%	0.34%	0.36%	0.33%	0.29%	0.37%	0.36%	0.25%	0.34%	0.27%	0.19%	0.25%	0.32%	0.27%	0.22%	0.16%	0.16%	0.14%
Payout Ratio	46.08%	30.41%	43.19%	39.69%	195.58%	42.52%	38.75%	42.83%	40.60%	39.52%	48.95%	44.92%	38.51%	44.05%	44.39%	39.00%	42.34%	47.51%	42.72%	36.83%
Buyback Yield / Dilution	6.74%	6.74%	2.38%	1.39%	1.38%	1.04%	0.78%	0.80%	0.34%	0.22%	0.26%	0.23%	0.48%	1.05%	1.85%	1.60%	0.94%	0.58%	0.31%	0.34%
Total Shareholder Return	8.53%	7.16%	2.84%	1.73%	1.74%	1.37%	1.07%	1.17%	0.69%	0.47%	0.59%	0.51%	0.68%	1.30%	2.16%	1.87%	1.16%	0.74%	0.47%	0.48%

Updated Feb 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q