Company research
MARKETAXESS HOLDINGS INC
CIK 1278021Updated Sep 24, 2026
SecurityMKTX · NASDAQ · equity
Name history
MARKETAXESS HOLDINGS INC · through Sep 18, 2026MARKETAXESS HOLDING INC · through Apr 1, 2004
MKTX price & chart
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NASDAQ:MKTX on TradingView ↗About the company
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income and other markets. Approximately 2,100 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities. Our automated and algorithmic trading solutions, combined with our integrated and actionable data offerings, help our clients make faster, better-informed decisions on when and how to trade on our platform. MarketAxess’ award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.
In the news
Recent filings
Show 5 more recent filings
10-Q filing
DEFA14A filing
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
DEFA14A filing
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 1.01, 5.02, 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,934,886,000Source | 1,789,216,000Source | 2,015,067,000Source | 1,607,775,000Source |
| Property, Plant and Equipment, NetUSD | 112,431,000Source | 107,298,000Source | 102,671,000Source | 100,256,000Source |
| GoodwillUSD | 283,667,000Source | 236,706,000Source | 236,706,000Source | 154,789,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 110,629,000Source | 98,078,000Source | 119,108,000Source | 98,065,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 519,734,000Source | 544,478,000Source | 451,280,000Source | 430,746,000Source |
| Accounts Receivable | — | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 51,854,000Source | 58,132,000Source | 63,045,000Source | 66,106,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 776,627,000Source | 400,556,000Source | 722,104,000Source | 526,682,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 123,000Source | 123,000Source | 123,000Source | 123,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,538,746,000Source | 1,405,904,000Source | 1,244,216,000Source | 1,101,525,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -4,361,000Source | -34,699,000Source | -24,370,000Source | -37,697,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,145,667,000Source | 1,388,660,000Source | 1,292,963,000Source | 1,081,093,000Source |
| Additional Paid in Capital, Common StockUSD | 305,923,000Source | 350,701,000Source | 333,292,000Source | 345,468,000Source |
| Liabilities and EquityUSD | 1,934,886,000Source | 1,789,216,000Source | 2,015,067,000Source | 1,607,775,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | — | 1,207,000Source | 7,392,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 12,592,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 246,912,000Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 30,918,000Source | 29,684,000Source | 29,190,000Source | 29,864,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 2,380,000Source | 3,730,000Source | 7,116,000Source | 15,136,000Source |
| Deferred Income Tax Expense (Benefit)USD | 22,019,000Source | -3,878,000Source | -5,815,000Source | -6,547,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 382,139,000Source | 385,237,000Source | 333,767,000Source | 289,231,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 36,515,000Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -96,927,000Source | -86,935,000Source | -155,290,000Source | -86,272,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 8,204,000Source | 9,942,000Source | 9,326,000Source | 13,142,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 17,155,000Source | 16,194,000Source | 25,839,000Source | 23,404,000Source |
| Payments for Repurchase of Common StockUSD | 420,015,000Source | 75,474,000Source | 0Source | 87,540,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -332,369,000Source | -201,377,000Source | -147,057,000Source | -242,378,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -24,608,000Source | 88,787,000Source | 39,008,000Source | -52,903,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 675,851,000Source | 700,459,000Source | 611,672,000Source | 572,664,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 721,000Source | 1,717,000Source | 1,870,000Source | 652,000Source |
| Income Taxes Paid, NetUSD | 62,834,000Source | 96,932,000Source | 94,814,000Source | 88,677,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 32,668,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | 19,900,000Source | 19,800,000Source | 18,600,000Source | 16,400,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 76,699,000Source | 73,824,000Source | 70,557,000Source | 61,446,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,582,000Source | -1,276,000Source | -4,718,000Source | — |
| General and Administrative ExpenseUSD | 26,588,000Source | 22,709,000Source | 23,042,000Source | 19,200,000Source |
| GoodwillUSD | 283,667,000Source | 236,706,000Source | 236,706,000Source | 154,789,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 457,000Source | 1,395,000Source | 735,000Source | 1,126,000Source |
| Income Tax Expense (Benefit)USD | 120,083,000Source | 86,365,000Source | 74,645,000Source | 88,064,000Source |
| InterestExpenseNonoperatingUSD | 1,487,000Source | 1,601,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 246,627,000Source | 274,181,000Source | 258,055,000Source | 250,224,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 285,000Source | — | — | — |
| Nonoperating Income (Expense)USD | 25,157,000Source | 19,676,000Source | 17,681,000Source | 11,412,000Source |
| Operating ExpensesUSD | 504,430,000Source | 476,227,000Source | 437,528,000Source | 391,424,000Source |
| Other Nonoperating Income (Expense)USD | 1,790,000Source | -6,164,000Source | -3,496,000Source | 5,946,000Source |
| Payments to Acquire InvestmentsUSD | 87,800,000Source | 93,400,000Source | 78,600,000Source | — |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 10,570,000Source | 12,440,000Source | 4,452,000Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 2,988,000Source | 940,000Source | 672,000Source |
| Realized Investment Gains (Losses)USD | 1,264,000Source | -324,000Source | -149,000Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 2,409,000Source | 19,000Source | 1,719,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 846,268,000Source | 817,097,000Source | 752,547,000Source | 718,300,000Source |
| Operating Income (Loss)USD | 341,838,000Source | 340,870,000Source | 315,019,000Source | 326,876,000Source |
| Other Nonoperating Income (Expense)USD | 1,790,000Source | -6,164,000Source | -3,496,000Source | 5,946,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 366,995,000Source | 360,546,000Source | 332,700,000Source | 338,288,000Source |
| Income Tax Expense (Benefit)USD | 120,083,000Source | 86,365,000Source | 74,645,000Source | 88,064,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 285,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 246,627,000Source | 274,181,000Source | 258,055,000Source | 250,224,000Source |
| Earnings Per Share, BasicUSD per share | 6.66Source | 7.29Source | 6.87Source | 6.68Source |
| Earnings Per Share, DilutedUSD per share | 6.64Source | 7.28Source | 6.85Source | 6.65Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 37,056,000Source | 37,600,000Source | 37,546,000Source | 37,468,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 37,137,000Source | 37,672,000Source | 37,654,000Source | 37,643,000Source |
| Interest Expense (non-operating)USD | 1,487,000Source | 1,601,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 19,900,000Source | 19,800,000Source | 18,600,000Source | 16,400,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 3.04Source | 2.96Source | 2.88Source | 2.8Source |
| Current Income Tax Expense (Benefit)USD | 98,064,000Source | 90,243,000Source | 80,460,000Source | 94,611,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 76,699,000Source | 73,824,000Source | 70,557,000Source | 61,446,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,582,000Source | -1,276,000Source | -4,718,000Source | — |
| General and Administrative ExpenseUSD | 26,588,000Source | 22,709,000Source | 23,042,000Source | 19,200,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 235,800,000Source | 235,800,000Source | 228,800,000Source | 236,400,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 457,000Source | 1,395,000Source | 735,000Source | 1,126,000Source |
| Interest and Other IncomeUSD | 24,397,000Source | 26,046,000Source | — | — |
| Interest ExpenseUSD | — | — | 1,983,000Source | 700,000Source |
| Interest Expense, DebtUSD | — | — | 100,000Source | 0Source |
| Labor and Related ExpenseUSD | 248,537,000Source | 235,880,000Source | 206,926,000Source | 182,104,000Source |
| Marketing and Advertising ExpenseUSD | 11,204,000Source | 11,713,000Source | 11,049,000Source | 9,977,000Source |
| Nonoperating Income (Expense)USD | 25,157,000Source | 19,676,000Source | 17,681,000Source | 11,412,000Source |
| Operating ExpensesUSD | 504,430,000Source | 476,227,000Source | 437,528,000Source | 391,424,000Source |
| Realized Investment Gains (Losses)USD | 1,264,000Source | -324,000Source | -149,000Source | — |
Filing attachments
d121662dex991.htm · 8-K · 2026-07-30
EX-99.1 2 d121662dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 MarketAxess Reports Second Quarter 2026 Financial Results EPS of $1.93; $1.95 Excluding Notable Items1 Record Services Revenue2 and 9% Revenue Growth Outside U.S. Credit Underscore Progress in Strategic Channels 11% Increase in Block Trading ADV with Strong Growth in Emerging Markets and U.S. Credit Block ADVs 33% Increase in Portfolio Trading ADV to Record $2.0 Billion with Records in U.S. Credit and Municipal Bonds NEW YORK | …
Read attachment ↗d159148dex991.htm · 8-K · 2026-07-30
EX-99.1 6 d159148dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Intercontinental Exchange to Acquire MarketAxess, Creating a Premier Fixed Income Marketplace Acquisition unites two complementary platforms in global fixed income, connecting institutional and retail investors through one integrated fixed income ecosystem spanning execution, data, indices, and analytics Clients across more than 90 countries to benefit from deeper liquidity, lower transaction costs, and a seamless end-to-end workfl…
Read attachment ↗mktx-ex99_1.htm · 8-K · 2026-05-07
EX-99.1 2 mktx-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 MarketAxess Reports First Quarter 2026 Financial Results 12% Increase in Total Revenue to Record $233 Million Driven by 20% Growth in Revenue Outside U.S. Credit Products Strong Results Reflect Heightened Demand for Our Differentiated Liquidity by Our Global Client Network 35% Increase in Block Trading ADV With Record U.S. High-Grade, U.S. High-Yield, EM and Eurobonds Block ADV 51% Increase in Portfolio Trading ADV to Record $1.9 B…
Read attachment ↗mktx-ex99_1.htm · 8-K · 2026-02-06
EX-99.1 3 mktx-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 MarketAxess Reports Fourth Quarter and Full Year 2025 Financial Results Record Revenue of $846 Million in 2025 Driven by 10% Growth in Revenue Outside U.S. Credit Products 24% Increase in Block Trading ADV to Record $5 Billion in 2025 48% Increase in Portfolio Trading ADV to Record $1.4 Billion in 2025 with Record U.S. Credit ADV & Market Share 33% Increase in Dealer-Initiated ADV in 2025 NEW YORK | February 6, 2026 - MarketAxess …
Read attachment ↗mktx-ex99_1.htm · 8-K · 2026-01-26
EX-99.1 2 mktx-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Douglas Cifu and Kenneth Schiciano Elected to MarketAxess Board of Directors NEW YORK | January 26, 2026 - MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the election of Douglas Cifu and Kenneth Schiciano to serve on the Company’s Board of Directors, effective March 1, 2026. Mr. Cifu is the co‑founder of Virtu Financial, a global financial t…
Read attachment ↗mktx-ex99_1.htm · 8-K · 2025-12-09
EX-99.1 2 mktx-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 MarketAxess Announces Medium-Term Financial Targets1 Increases Stock Repurchase Authorization to $505 million Intends to Effect an Accelerated Stock Repurchase Actions Reflect Board’s Confidence in Long-Term Strategy and Commitment to Drive Stockholder Value Creation NEW YORK | December 9, 2025 - MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today annou…
Read attachment ↗