MarketAxess (MKTX) Stock Insights

MKTX price $164.82 -0.31 -0.19%

Ticker
MKTX
Price
$164.82
Change
-0.31 -0.19%
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 $168.00. Price $164.82. Price is about fair value.

Around fair value, but less expensive than usual. A smaller premium than on 86% 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 median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. 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

Insights

Revenue by product
PeriodValue
FY2018Commission Revenue: 390834000.0, Other Revenues: 1158000.0
FY2019Commission Revenue: 463856000.0, Information Services: 7260000.0, Other Revenues: 1003000.0, Post Trade Services: 13136000.0
FY2020Commission Revenue: 634445000.0, Information Services: 34341000.0, Other Revenues: 879000.0, Post Trade Services: 19460000.0
FY2021Commission Revenue: 621008000.0, Information Services: 10332000.0, Other Revenues: 846000.0, Post Trade Services: 15801000.0
FY2022Commission Revenue: 641183000.0, Information Services: 11228000.0, Other Revenues: 926000.0, Post Trade Services: 15876000.0
FY2023Commission Revenue: 662964000.0, Information Services: 46383000.0, Post Trade Services: 40178000.0, Technology Services: 3022000.0
FY2024Commission Revenue: 711710000.0, Information Services: 50540000.0, Post Trade Services: 42487000.0, Technology Services: 12360000.0
FY2025Commission Revenue: 734623000.0, Information Services: 53230000.0, Post Trade Services: 44491000.0, Technology Services: 13924000.0
Revenue by region
PeriodValue
FY2014Other Geographic Area: 844000.0, UNITED KINGDOM: 38189000.0, UNITED STATES: 223741000.0
FY2015Other Geographic Area: 1202000.0, UNITED KINGDOM: 39338000.0, UNITED STATES: 262558000.0
FY2016Other Geographic Area: 1561000.0, UNITED KINGDOM: 54015000.0, UNITED STATES: 314343000.0
FY2017Other Geographic Area: 1453000.0, UNITED STATES: 336867000.0
FY2018Other Geographic Area: 1951000.0, UNITED STATES: 367373000.0
FY2019Other Geographic Area: 2545000.0, UNITED STATES: 424731000.0
FY2020Americas: 583164000.0, Europe: 89751000.0, Other Geographic Area: 16210000.0
FY2021Americas: 568918000.0, Asia: 19965000.0, Europe: 110068000.0
FY2022Americas: 581935000.0, Asia: 17253000.0, Europe: 119112000.0
FY2023Americas: 597145000.0, Asia: 18413000.0, Europe: 136989000.0
FY2024UNITED KINGDOM: 161838000.0, UNITED STATES: 568595000.0
FY2025UNITED KINGDOM: 177257000.0, UNITED STATES: 568383000.0

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

MarketAxess (MKTX) Stock Insights

MKTX$164.82-0.31 -0.19%

$5.80B

Market Cap

20.17

P/E

20.75

Forward P/E

54

Score

Price History