MarketAxess Holdings, Inc.
MKTX
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- MarketAxess operates in a competitive capital markets industry, providing a leading electronic trading platform that enhances liquidity and efficiency for institutional investors.
- In Q2 2026, MarketAxess reported a net income of $68.105 million, demonstrating a solid operating margin of 41.15%.
- The company achieved a gross margin of 59.69% in Q2 2026, slightly up from 59.30% in Q1 2026.
- Despite its strengths, MarketAxess faces challenges with a revenue decline of 6% compared to the previous quarter, indicating potential market pressures.
- The company's revenue for 2025 was $846.268 million, which shows a slower growth trajectory compared to previous years.
- MarketAxess has a high debt-to-equity ratio of 14.275, raising concerns about its financial leverage and risk exposure.
Fundamentals
| Market cap | $5.78B | Enterprise value | $5.63B | Trailing P/E | 19.42 | Forward P/E | 18.78 |
| PEG | 1.23 | Price / book | 4.67 | Beta | 0.79 | Dividend yield | 1.90% |
| Revenue growth | -0.5% | Earnings growth | 1.0% | Gross margin | 61.7% | Operating margin | 41.9% |
| Profit margin | 35.2% | ROE | 23.1% | ROA | 10.2% | Debt / equity | 0.14 |
| Current ratio | 7.47 | Free cash flow | -$457.79M | Analyst recommendation | none | Mean target | $158.00 |
| 52w high | $195.97 | 52w low | $108.75 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $218M | $233M | $209M | $209M | $219M |
| Op margin | 41.1% | 43.2% | 36.3% | 41.0% | 41.9% |
| Net income | $68.1M | $77.9M | $92.2M | $68.2M | $71.1M |
| Gross margin | 59.7% | 59.3% | 58.8% | 59.8% | 59.4% |
| Gross profit | $130M | $138M | $123M | $125M | $130M |
| Operating income | $89.9M | $101M | $76.0M | $85.6M | $91.9M |
- Revenue -6% vs prior quarter ($218M vs $233M).
- Gross margin 59.7% (was 59.3% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $846M | $817M | $753M | $718M | — |
| Op margin | 40.4% | 41.7% | 41.9% | 45.5% | — |
| Net income | $247M | $274M | $258M | $250M | — |
| Gross margin | 59.4% | 60.1% | 61.9% | 64.8% | — |
| Gross profit | $503M | $491M | $466M | $466M | — |
| Operating income | $342M | $341M | $315M | $327M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · MKTX Expands Fixed Income Data Reach Through Arcesium Integration
2026-10-07 · 3 Financial Stocks With Rising Rate Exposure Retail Investors Should Not Ignore
2026-10-07 · Arcesium Integrates Additional MarketAxess Data and Analytics to Enhance Fixed Income Workflows
2026-10-06 · BGC or MKTX: Which Is the Better Value Stock Right Now?
2026-10-02 · Unpacking Q2 Earnings: MarketAxess (NASDAQ:MKTX) In The Context Of Other Financial Exchanges & Data Stocks
2026-09-27 · Bond Volatility Has Charles Schwab Stock And MarketAxess In Focus
2026-09-23 · Intercontinental Exchange Sees Multiple Growth Opportunities, RBC Says
2026-09-19 · 3 Broker Stocks Retail Investors Are Watching as Bond Volatility Returns
2026-09-18 · 3 Small-Cap Stocks We Steer Clear Of
2026-09-04 · 1 Profitable Stock with Impressive Fundamentals and 2 Facing Challenges
2026-09-03 · Here's Why Investors Should Stay Neutral on MarketAxess Stock for Now
2026-08-31 · 2 Reasons to Sell MKTX and 1 Stock to Buy Instead
Price (daily)
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