MarketAxess (MKTX) Financials: Revenue & Earnings

MKTX price $164.83 -0.30 -0.18%

Ticker
MKTX
Price
$164.83
Change
-0.30 -0.18%
Market cap ?
$5.80B
P/E ?
20.17
Forward P/E ?
20.75
Dividend yield ?
1.88%
Beta ?
0.79
Sector
Financial Services
Industry
Financial - Capital Markets
Stocklytics score
54
Value
52
Quality
76
Growth
33

Stocklytics score rationale: value 52, quality 76, growth 33.

Financials

2016201720182019202020212022202320242025
369919000397471000435565000511352000689125000701030000718705000750898000817921000849199000

MarketAxess Holdings Inc. develops and operates a premier electronic trading platform, serving institutional investors and broker-dealers globally. This platform provides essential access to deep liquidity across a broad spectrum of fixed-income assets, including U.S. investment-grade and high-yield corporate bonds, U.S. Treasuries, municipal bonds, emerging market debt, and Eurobonds, among other debt securities…

Fair value

MKTX fair value $273.07. Price $164.83. Price is 40% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 90% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 327.98M. Growth 9.63%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 35.20M. Net debt -234.80M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare MKTX

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-05—1.85—220.19M
2026-10-231.861.95210.00M218.98M
2026-07-301.951.85218.00M216.70M
2026-05-072.252.15233.00M231.91M
2026-02-061.681.65209.00M211.74M
2025-11-071.841.70208.82M207.39M
2025-08-062.001.94224.29M217.51M
2025-05-071.871.81208.58M210.08M
2025-02-061.731.70202.40M212.95M
2024-11-061.901.85206.72M207.17M
2024-08-061.721.68197.66M198.07M
2024-05-071.921.87210.32M212.99M
2024-01-312.091.73197.25M196.70M
2023-10-251.461.48172.28M172.32M
2023-07-201.591.57179.85M179.47M
2023-04-261.961.90203.17M200.36M
2023-01-251.581.56177.90M176.87M
2022-10-191.581.50172.11M172.44M
2022-07-201.781.70182.23M183.77M
2022-04-201.711.69186.06M183.86M
2022-01-261.371.42165.06M174.99M
2021-10-201.521.46162.09M174.81M
2021-07-211.771.69176.33M176.07M
2021-04-222.112.13195.46M194.74M
2021-01-271.911.83171.35M164.83M
2020-10-271.781.74164.01M506.14M
2020-07-222.202.12184.79M178.08M
2020-04-291.961.90168.98M163.81M
2020-01-291.321.30129.77M127.81M
2019-10-231.421.39131.60M128.82M
2019-07-241.271.32125.49M130.43M
2019-04-241.391.38124.49M123.60M
2019-03-181.21—112.44M—
2018-10-241.020.93101.44M92.45M
2018-07-251.071.04108.35M104.00M
2018-04-251.271.22115.88M110.18M
2018-01-310.890.9099.56M72.09M
2017-10-250.900.9096.70M95.60M
2017-07-261.000.9297.31M88.60M
2017-04-261.110.96103.89M89.08M

Dividends

Yield 1.88%. Payout ratio 38.82%. Frequency Quarterly.

Safety score 95/100 · Safe. Payout ratio is 39% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 18 separate years. Yield is 1.9%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-10$0.782026-11-112026-11-25Quarterly
2026-08-19$0.782026-08-192026-09-02Quarterly
2026-05-20$0.782026-05-202026-06-03Quarterly
2026-02-18$0.782026-02-182026-03-04Quarterly
2025-11-19$0.762025-11-192025-12-03Quarterly
2025-08-20$0.762025-08-202025-09-03Quarterly
2025-05-21$0.762025-05-212025-06-04Quarterly
2025-02-19$0.762025-02-192025-03-05Quarterly
2024-11-20$0.742024-11-202024-12-04Quarterly
2024-08-21$0.742024-08-212024-09-04Quarterly
2024-05-21$0.742024-05-222024-06-05Quarterly
2024-02-13$0.742024-02-142024-02-28Quarterly
2023-11-07$0.722023-11-082023-11-22Quarterly
2023-08-01$0.722023-08-022023-08-16Quarterly
2023-05-09$0.722023-05-102023-05-24Quarterly
2023-02-07$0.722023-02-082023-02-22Quarterly
2022-11-01$0.702022-11-022022-11-16Quarterly
2022-08-02$0.702022-08-032022-08-17Quarterly
2022-05-03$0.702022-05-042022-05-18Quarterly
2022-02-08$0.702022-02-092022-02-23Quarterly
2021-11-02$0.662021-11-032021-11-17Quarterly
2021-08-03$0.662021-08-042021-08-18Quarterly
2021-05-11$0.662021-05-122021-05-26Quarterly
2021-02-09$0.662021-02-102021-02-24Quarterly
2020-11-09$0.602020-11-112020-11-25Quarterly
2020-08-04$0.602020-08-052020-08-19Quarterly
2020-05-12$0.602020-05-132020-05-27Quarterly
2020-02-11$0.602020-02-122020-02-26Quarterly
2019-11-05$0.512019-11-062019-11-20Quarterly
2019-08-06$0.512019-08-072019-08-21Quarterly
2019-05-07$0.512019-05-082019-05-22Quarterly
2019-02-12$0.512019-02-132019-02-27Quarterly
2018-11-06$0.422018-11-072018-11-21Quarterly
2018-08-08$0.422018-08-092018-08-23Quarterly
2018-05-08$0.422018-05-092018-05-23Quarterly
2018-02-13$0.422018-02-142018-02-28Quarterly
2017-11-07$0.332017-11-082017-11-22Quarterly
2017-08-08$0.332017-08-102017-08-24Quarterly
2017-05-09$0.332017-05-112017-05-25Quarterly
2017-02-07$0.332017-02-092017-02-23Quarterly
2016-11-07$0.262016-11-092016-11-23Quarterly
2016-08-09$0.262016-08-112016-08-25Quarterly
2016-05-10$0.262016-05-122016-05-26Quarterly
2016-02-09$0.262016-02-112016-02-25Quarterly
2015-11-02$0.202015-11-042015-11-18Quarterly
2015-08-04$0.202015-08-062015-08-20Quarterly
2015-05-05$0.202015-05-072015-05-21Quarterly
2015-02-10$0.202015-02-122015-02-26Quarterly
2014-11-04$0.162014-11-062014-11-20Quarterly
2014-08-05$0.162014-08-072014-08-21Quarterly
2014-05-06$0.162014-05-082014-05-22Quarterly
2014-02-11$0.162014-02-132014-02-27Quarterly
2013-11-05$0.132013-11-072013-11-21Quarterly
2013-08-06$0.132013-08-082013-08-22Quarterly
2013-05-07$0.132013-05-092013-05-23Quarterly
2013-02-12$0.132013-02-142013-02-28Quarterly
2012-12-12$1.302012-12-142012-12-27Monthly
2012-11-07$0.112012-11-122012-11-26Quarterly
2012-08-07$0.112012-08-092012-08-23Quarterly
2012-05-08$0.112012-05-102012-05-24Quarterly
2012-02-14$0.112012-02-162012-03-01Quarterly
2011-11-08$0.092011-11-102011-11-24Quarterly
2011-08-09$0.092011-08-112011-08-25Quarterly
2011-05-09$0.092011-05-112011-05-25Quarterly
2011-02-14$0.092011-02-162011-03-02Quarterly
2010-11-05$0.072010-11-092010-11-23Quarterly
2010-08-09$0.072010-08-112010-08-25Quarterly
2010-05-10$0.072010-05-122010-05-26Quarterly
2010-02-12$0.072010-02-172010-03-03Quarterly
2009-11-06$0.072009-11-112009-11-25Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-12Pintoff ScottSell100$164.6516.46K
2026-09-10Pintoff ScottSell100$163.3216.33K
2026-09-10Cruger William Frank Jr.Sell6.16K$163.201.01M
2026-08-12Portney Emily HopeBuy2.08K——
2026-08-12Portney Emily HopeSell2.08K——
2026-08-10Pintoff ScottSell100$162.6016.26K
2026-08-07Chwick JaneSell606——
2026-07-10Pintoff ScottSell100$115.1211.51K
2026-06-18HERNANDEZ CARLOS MAURICIOBuy10.71K——
2026-06-18HERNANDEZ CARLOS MAURICIOSell10.71K——
2026-06-10Altobello Nancy A.Buy1.39K——
2026-06-10Pintoff ScottSell100$116.0311.60K
2026-06-10Cifu Douglas ABuy1.39K——
2026-06-10KETCHUM RICHARD GBuy1.39K——
2026-06-10Portney Emily HopeBuy1.39K——
2026-06-10SCHICIANO KENNETH TBuy1.39K——
2026-06-10Chwick JaneBuy1.39K——
2026-06-10Begleiter Steven LBuy1.39K——
2026-06-10HERNANDEZ CARLOS MAURICIOBuy2.62K——
2026-06-10Gibson KourtneyBuy1.39K——
2026-06-10Hoornweg RobertoBuy1.39K——
2026-06-10Cruger William Frank Jr.Buy1.39K——
2026-05-11Pintoff ScottSell100$146.9914.70K
2026-05-01Quan WilliamBuy218——
2026-04-10Pintoff ScottSell100$171.9617.20K
2026-04-03CONCANNON CHRISTOPHER RSell349$171.4659.84K
2026-03-16Quan WilliamOther0——
2026-03-10Pintoff ScottSell100$184.9318.49K
2026-03-01Cifu Douglas ABuy259——
2026-03-01SCHICIANO KENNETH TBuy259——
2026-03-01Panchal Naineshkumar ShantilalSell1.47K$192.00282.24K
2026-03-01Cifu Douglas AOther0——
2026-03-01SCHICIANO KENNETH TOther0——
2026-02-15CONCANNON CHRISTOPHER RBuy6.59K——
2026-02-15CONCANNON CHRISTOPHER RSell1.75K$179.36313.88K
2026-02-15CONCANNON CHRISTOPHER RSell866$179.36155.33K
2026-02-15CONCANNON CHRISTOPHER RBuy21.74K$179.363.90M
2026-02-15Fiszel Bieler IleneBuy5.00K——
2026-02-15Fiszel Bieler IleneSell439$179.3678.74K
2026-02-15Pintoff ScottBuy3.17K——
2026-02-15Pintoff ScottSell824$179.36147.79K
2026-02-15Pintoff ScottSell208$179.3637.31K
2026-02-15Panchal Naineshkumar ShantilalBuy3.24K——
2026-02-15Panchal Naineshkumar ShantilalSell1.02K$179.36182.23K
2026-02-15Panchal Naineshkumar ShantilalSell159$179.3628.52K
2026-02-15McPherson Kevin MBuy4.42K——
2026-02-15McPherson Kevin MSell1.52K$179.36273.52K
2026-02-15McPherson Kevin MSell462$179.3682.86K
2026-02-15Mirwani Nitin ABuy1.77K——
2026-02-13CONCANNON CHRISTOPHER RBuy1.70K——
2026-02-13Pintoff ScottBuy515——
2026-02-13Panchal Naineshkumar ShantilalBuy394——
2026-02-13McPherson Kevin MBuy939——
2026-02-10Pintoff ScottSell100$171.9117.19K
2026-01-12Pintoff ScottSell100$168.6316.86K
2025-12-12Pintoff ScottSell100$177.8517.79K
2025-11-25HERNANDEZ CARLOS MAURICIOBuy7.47K——
2025-11-25HERNANDEZ CARLOS MAURICIOSell7.47K——
2025-10-01Berry DeanBuy26.02K——
2025-09-29Berry DeanOther0——
2025-09-12McPherson Kevin MSell1.49K$185.32276.87K
2025-09-08Casper Stephen PSell1.60K$186.59298.54K
2025-08-13Portney Emily HopeBuy3.66K——
2025-08-13Portney Emily HopeSell3.66K——
2025-06-23Mirwani Nitin AOther0——
2025-06-11McPherson Kevin MSell2.00K$224.77449.54K
2025-06-04Altobello Nancy A.Buy784——
2025-06-04Portney Emily HopeBuy784——
2025-06-04Casper Stephen PBuy784——
2025-06-04KETCHUM RICHARD GBuy784——
2025-06-04Hoornweg RobertoBuy784——
2025-06-04Chwick JaneBuy784——
2025-06-04Gibson KourtneyBuy784——
2025-06-04Cruger William Frank Jr.Buy784——
2025-06-04HERNANDEZ CARLOS MAURICIOBuy1.48K——
2025-06-04Begleiter Steven LBuy784——
2025-06-03Fiszel Bieler IleneSell242$219.0253.00K
2025-05-15McPherson Kevin MSell250——
2025-05-14Roupie Christophe Pierre DanielSell1.19K$210.44250.21K
2025-04-01Cianciulli Michael R.Buy232——
2025-03-20HERNANDEZ CARLOS MAURICIOBuy12.48K——
2025-03-20HERNANDEZ CARLOS MAURICIOSell12.48K——
2025-03-03HERNANDEZ CARLOS MAURICIOBuy12.48K——
2025-03-03HERNANDEZ CARLOS MAURICIOSell12.48K——
2025-03-01Panchal Naineshkumar ShantilalSell991$192.79191.05K
2025-03-01Panchal Naineshkumar ShantilalSell583$192.79112.40K
2025-03-01Hoornweg RobertoBuy215——
2025-03-01Hoornweg RobertoOther0——
2025-02-15CONCANNON CHRISTOPHER RBuy6.20K——
2025-02-15CONCANNON CHRISTOPHER RSell693$193.49134.09K
2025-02-15CONCANNON CHRISTOPHER RBuy18.01K$193.493.48M
2025-02-15Cianciulli Michael R.Buy324——
2025-02-15Cianciulli Michael R.Sell83$193.4916.06K
2025-02-15McPherson Kevin MBuy3.74K——
2025-02-15McPherson Kevin MSell1.00K$193.49194.07K
2025-02-15Panchal Naineshkumar ShantilalBuy2.47K——
2025-02-15Panchal Naineshkumar ShantilalSell624$193.49120.74K
2025-02-15Pintoff ScottBuy2.24K——
2025-02-15Pintoff ScottSell691$193.49133.70K
2025-02-15Roupie Christophe Pierre DanielBuy2.49K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 416, holders -44 vs prior quarter. Ownership 111.68%.

HolderSharesChangeChange %Value
BLACKROCK, INC.4.00M-75.32K-1.85%453.94M
PRIMECAP MANAGEMENT CO/CA/3.50M157.78K+4.71%397.77M
NORTH REEF CAPITAL MANAGEMENT LP3.40M1.52M+81.07%385.30M
VANGUARD PORTFOLIO MANAGEMENT LLC2.10M-63.40K-2.93%238.36M
AQR CAPITAL MANAGEMENT LLC1.99M-696.46K-25.95%222.76M
VANGUARD CAPITAL MANAGEMENT LLC1.55M-62.59K-3.89%175.53M
FMR LLC1.40M-114.42K-7.53%159.45M
STATE STREET CORP1.28M912+0.07%145.43M
NEUBERGER BERMAN GROUP LLC1.23M263.90K+27.32%139.58M
MILLENNIUM MANAGEMENT LLC1.05M928.50K+785.53%118.79M
GOLDMAN SACHS GROUP INC1.03M522.27K+102.60%117.04M
BANK OF MONTREAL /CAN/1.02M-3.54K-0.35%115.42M
CITIGROUP INC999.50K999.50KNew113.43M
GEODE CAPITAL MANAGEMENT, LLC994.77K131.78K+15.27%112.92M
VAN ECK ASSOCIATES CORP924.62K-314.67K-25.39%104.93M
DIMENSIONAL FUND ADVISORS LP597.89K16.41K+2.82%67.85M
NORGES BANK572.42K572.42KNew64.96M
GUARDCAP ASSET MANAGEMENT LTD536.32K-107.05K-16.64%62.16M
TWO SIGMA INVESTMENTS, LP543.89K19.87K+3.79%61.73M
AZORA CAPITAL LP513.08K513.08KNew58.23M
DAVIS ASSET MANAGEMENT, L.P.500.00K391.15K+359.36%56.74M
CITADEL ADVISORS LLC481.69K399.53K+486.29%54.67M
JPMORGAN CHASE & CO438.00K5.17K+1.20%48.33M
MORGAN STANLEY422.86K-67.67K-13.80%47.99M
LOS ANGELES CAPITAL MANAGEMENT LLC392.06K392.06KNew44.50M

Earnings and financials

MarketAxess Holdings Inc. (MKTX) trades at $164.83, with a market cap of $5.80B and a trailing P/E of 20.17. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
369919000397471000435565000511352000689125000701030000718705000750898000817921000849199000

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MarketAxess (MKTX) Financials: Revenue & Earnings

MKTX$164.83-0.30 -0.18%

$5.80B

Market Cap

20.17

P/E

20.75

Forward P/E

54

Score

Price History