MKTXNasdaqSecurity Brokers, Dealers & Flotation CompaniesFiscal year ends December 31
MARKETAXESS HOLDINGS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$164.53−0.11 (-0.07%)
Close on Oct 19, 2026
- Market cap
- $5.80B
- P/E (TTM)
- 19.4
- Dividend yield
- 1.85%
Marketaxess statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Security Brokers, Dealers & Flotation Companies companies for comparison
Valuation
| Measure | Marketaxess | Industry median |
|---|---|---|
| Market Cap | $5.79B | $773.71M |
| Enterprise Value | $5.66B | $580.14M |
| PE Ratio | 19.40 | 19.40 |
| PS Ratio | 6.66 | 3.50 |
| PB Ratio | 4.67 | 1.52 |
| P/TBV Ratio | 6.77 | 1.50 |
| P/FCF Ratio | 29.80 | 12.76 |
| P/OCF Ratio | 28.91 | 12.46 |
Enterprise value
| Measure | Marketaxess | Industry median |
|---|---|---|
| EV / Sales | 6.51 | 2.82 |
| EV / EBITDA | 13.16 | 15.19 |
| EV / EBIT | 16.06 | 18.34 |
| EV / FCF | 29.13 | 12.68 |
Income (trailing twelve months)
| Measure | Marketaxess | Industry median |
|---|---|---|
| Revenue | $870.03M | $858.37M |
| Operating Income | $352.39M | $7.74M |
| Pretax Income | $367.07M | $269.30M |
| Net Income | $306.40M | $33.63M |
| EBITDA | $430.18M | $72.05M |
| EPS (Diluted) | $8.48 | $2.27 |
Margins
| Measure | Marketaxess | Industry median |
|---|---|---|
| Operating Margin | 40.5% | 18.8% |
| Pretax Margin | 42.2% | 22.3% |
| Profit Margin | 35.2% | 14.5% |
| EBITDA Margin | 49.4% | 21.9% |
| FCF Margin | 22.3% | 20.1% |
Returns
| Measure | Marketaxess | Industry median |
|---|---|---|
| Return on Equity (ROE) | 23.3% | 14.5% |
| Return on Assets (ROA) | 13.9% | 2.25% |
| Return on Invested Capital (ROIC) | 29.0% | 4.03% |
Growth
| Measure | Marketaxess | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 3.93% | 15.2% |
| Net Income Growth (YoY) | 37.5% | 7.71% |
| EPS Growth (YoY) | 42.8% | 15.0% |
| FCF Growth (YoY) | -51.5% | 2.56% |
| Revenue Growth (3Y CAGR) | 5.62% | 11.9% |
| Revenue Growth (5Y CAGR) | 4.19% | 9.48% |
| EPS Growth (3Y CAGR) | -0.05% | 11.0% |
| EPS Growth (5Y CAGR) | -3.29% | 9.30% |
Balance sheet
| Measure | Marketaxess | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $245.79M | $64.64M |
| Total Debt | $115.91M | $200.00M |
| Net Cash (Debt) | $129.88M | $37.55M |
| Net Cash Per Share | $3.69 | $1.24 |
| Equity (Book Value) | $1.24B | $505.81M |
| Book Value Per Share | $35.20 | $17.04 |
| Tangible Book Value | $855.00M | $210.80M |
Financial position
| Measure | Marketaxess | Industry median |
|---|---|---|
| Debt / Equity | 0.09 | 0.13 |
| Debt / EBITDA | 0.27 | 0.77 |
| Debt / FCF | 0.60 | 0.60 |
| Net Debt / EBITDA | -0.30 | -0.50 |
| Interest Coverage | 59.88 | 6.12 |
Cash flow (trailing twelve months)
| Measure | Marketaxess | Industry median |
|---|---|---|
| Operating Cash Flow | $200.28M | $11.08M |
| Capital Expenditures | -$5.98M | -$11.81M |
| Free Cash Flow | $194.30M | $313.40M |
| FCF Per Share | $5.52 | $1.29 |
Efficiency
| Measure | Marketaxess | Industry median |
|---|---|---|
| Asset Turnover | 0.40 | 0.25 |
| Revenue Per Employee | $1.00M | $1.03M |
| Profits Per Employee | $353.00K | $147.65K |
| Employee Count | 868 | 700 |
Dividends and yields
| Measure | Marketaxess | Industry median |
|---|---|---|
| Earnings Yield | 5.29% | 3.20% |
| FCF Yield | 3.36% | 6.00% |
| Dividend Yield | 1.85% | 1.85% |
| Buyback Yield | 5.96% | 1.19% |
| Shareholder Yield | 7.81% | 1.82% |
| Dividend Per Share | $3.04 | $1.40 |
| Dividend Growth (YoY) | 2.70% | 5.80% |
| Years of Dividend Growth | 11 | 2 |
Shares
| Measure | Marketaxess | Industry median |
|---|---|---|
| Shares Outstanding | 35,192,900 | 41,100,900 |
| Shares Change (YoY) | -3.69% | 0.87% |
| Shares Change (QoQ) | -0.99% | 0.00% |
| Float | 34,306,600 | 27,062,500 |
| Shares Held by Insiders | 2.52% | 0.00% |
| Shares Held by Institutions | 111.3% | 36.9% |
Taxes
| Measure | Marketaxess | Industry median |
|---|---|---|
| Income Tax | $59.98M | $39.89M |
| Effective Tax Rate | 16.3% | 21.6% |
Scores
| Measure | Marketaxess | Industry median |
|---|---|---|
| Graham Number | $81.96 | $40.68 |
| Graham Upside | -50.2% | -38.1% |
| Altman Z-Score | 4.75 | 9.82 |
| Piotroski F-Score | 6 | 5 |
Calculated by StockData from Marketaxess's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.