YOLFTbeta
MarketAxess Holdings Inc

MarketAxess Holdings Inc

MKTX · NASDAQ · Financial Services / Capital Markets

165.22USD+0.06 (+0.04%)

Price History

Full chart

Market Stats

Previous Close165.16
Open165.20
Day Range165.15 – 165.41
52-Week Range108.23 – 193.96
Volume401.00K
Market Cap5.83B
P/E (TTM)20.29
Forward P/E19.16
EPS8.16
Dividend Yield1.88%
Beta0.80
50-Day Avg164.10
200-Day Avg155.13

About

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides automated and algorithmic trading solutions, such as X-Pro, a trading platform to combine trading protocols with its proprietary data and pre-trade analytics; and integrated and actionable data offerings, including CP+ and Axess All, a real-time pricing engine, including Auto-X and portfolio trading. In addition, the company offers various pre-and post-trade services, such as processing, trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. The company was incorporated in 2000 and is headquartered in New York, New York.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Christopher Robert Concannon J.D.
  • Employees858
  • Headquarters55 Hudson Yards, New York, NY, United States, 10001, USA
  • Websitehttps://www.marketaxess.com

Leadership

  • Mr. Christopher Robert Concannon J.D.CEO & Director · b. 1967
  • Ms. Ilene J. Fiszel BielerChief Financial Officer · b. 1969
  • Mr. Dean BerryGroup COO & CEO of Europe, the Middle East & Africa, and Asia-Pacific · b. 1973
  • Mr. Kevin M. McPhersonChief Revenue Officer · b. 1971
  • Mr. Nitin A. MirwaniChief Accounting Officer · b. 1980
  • Mr. William QuanChief Technology Officer · b. 1983
  • Mr. Scott Pintoff J.D.General Counsel & Corporate Secretary · b. 1971
  • Ms. Julie SheffetChief Human Resources Officer
  • Mr. James Nevil Blair RuckerGlobal Head of Operations Services · b. 1956
  • Mr. Oliver HugginsGlobal Chief Risk Officer

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue6.60M742.49K58.46M75.80M78.56M83.32M93.64M93.08M114.44M146.23M181.10M198.20M238.73M261.87M303.10M369.92M397.47M435.56M511.35M689.13M701.03M718.71M750.90M817.92M849.20M
Growth (%)--88.75%+7773.54%+29.66%+3.65%+6.05%+12.39%-0.60%+22.94%+27.78%+23.85%+9.45%+20.45%+9.69%+15.74%+22.05%+7.45%+9.58%+17.40%+34.77%+1.73%+2.52%+4.48%+8.93%+3.82%
Cost of Revenue--49.37M39.55M43.89M6.73M7.17M7.88M6.79M6.35M58.79M29.23M44.28M52.44M53.00M52.95M64.39M77.78M97.61M133.98M172.24M199.23M226.77M244.32M255.80M
Gross Profit6.60M742.49K58.46M36.25M34.67M76.59M86.47M85.21M107.65M139.88M122.31M168.97M194.45M209.43M250.10M316.97M333.08M357.79M413.74M555.14M528.79M519.48M524.13M573.61M593.40M
Gross Margin100.00%100.00%100.00%47.82%44.13%91.92%92.34%91.54%94.07%95.66%67.54%85.25%81.45%79.97%82.51%85.69%83.80%82.14%80.91%80.56%75.43%72.28%69.80%70.13%69.88%
Operating Expense71.69M36.82M54.06M18.93M23.16M67.98M69.22M72.37M77.60M88.97M43.58M82.29M86.77M91.80M102.20M125.37M131.31M145.20M162.85M180.41M191.53M192.67M205.44M234.73M243.44M
Operating Income-65.10M-36.08M4.40M17.32M11.51M8.60M17.25M12.83M30.05M50.91M78.73M86.69M107.68M117.64M147.90M191.60M201.77M212.58M250.88M374.73M337.26M326.81M318.69M338.88M349.96M
Operating Margin-986.60%-4858.66%7.53%22.85%14.65%10.33%18.42%13.79%26.26%34.82%43.48%43.74%45.10%44.92%48.80%51.80%50.76%48.81%49.06%54.38%48.11%45.47%42.44%41.43%41.21%
EBITDA-59.97M-30.09M9.09M20.78M16.12M15.33M24.42M20.71M36.84M57.26M85.51M94.92M120.33M135.91M166.44M209.44M221.04M241.17M290.08M418.34M395.01M406.14M411.09M442.61M452.70M
EBITDA Margin-908.90%-4052.80%15.55%27.42%20.52%18.40%26.08%22.25%32.19%39.16%47.22%47.89%50.40%51.90%54.91%56.62%55.61%55.37%56.73%60.71%56.35%56.51%54.75%54.11%53.31%
Net Income-65.10M-36.08M4.21M57.59M8.14M5.42M10.32M7.90M16.10M31.43M47.70M60.07M68.37M74.81M96.04M126.17M148.09M172.85M204.90M299.38M257.89M250.22M258.06M274.18M246.63M
Net Income Margin-986.60%-4858.66%7.21%75.98%10.36%6.51%11.02%8.49%14.07%21.49%26.34%30.31%28.64%28.57%31.69%34.11%37.26%39.68%40.07%43.44%36.79%34.82%34.37%33.52%29.04%
R&D----------000000.520.510.50.50.540.486.70M0.44--
R&D as % of Total Revenue----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.93%0.00%--
Interest Expense00000000000000000014.61M1.14M842.00K700.00K1.98M1.60M1.49M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.86%0.17%0.12%0.10%0.26%0.20%0.18%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets56.04M39.44M57.18M176.71M190.46M204.28M198.37M246.43M277.29M299.52M349.46M279.84M351.58M379.88M439.04M528.04M581.23M695.54M954.93M1.33B1.53B1.61B2.02B1.79B1.81B
Total Liabilities-34.60M177.45M20.43M19.60M18.99M23.97M51.94M60.78M65.05M37.02M37.12M41.22M45.68M48.33M60.03M66.46M87.66M184.84M376.37M489.14M526.68M722.10M400.56M650.35M
Total Equity-82.74M4.84M-120.27M156.28M170.86M185.28M174.40M194.49M216.50M234.48M312.44M242.72M310.36M334.21M390.71M468.01M514.77M607.88M770.09M955.06M1.04B1.08B1.29B1.39B1.15B
Cash--20.59M97.65M58.19M82.00M72.71M107.32M103.34M124.99M169.62M128.91M132.69M168.92M199.73M168.24M167.01M246.32M270.12M460.86M506.74M430.75M451.28M544.48M519.73M
Total Debt---------------10.52M17.52M22.47M97.99M93.61M88.42M82.68M79.68M72.65M284.94M
Net Debt---20.59M-97.65M-58.19M-82.00M-72.71M-107.32M-103.34M-124.99M-169.62M-128.91M-132.69M-168.92M-199.73M-157.72M-149.50M-223.85M-172.13M-367.25M-418.31M-348.07M-371.60M-471.82M-234.80M

Cash Flow

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-17.63M17.16M20.37M16.91M17.10M29.12M27.63M43.33M64.15M65.48M81.58M90.88M109.95M120.20M80.29M168.03M223.92M265.94M404.49M282.09M289.23M333.77M385.24M382.29M
Investing Cash Flow9.54M-8.87M2.52M-59.03M4.23M-11.18M-22.50M-44.16M-7.72M-8.58M15.03M-69.12M-13.03M-37.95M-53.18M-53.65M-50.30M-122.05M68.87M-67.69M-86.27M-155.29M-86.94M-96.72M
Financing Cash Flow8.40M80.44K54.17M2.71M2.82M-27.02M30.31M-2.65M-33.85M-11.20M-136.18M-17.07M-60.22M-51.05M-55.84M-117.07M-92.67M-118.10M-145.11M-189.78M-242.38M-147.06M-201.38M-332.37M
Capital Expenditure1.06M4.72M10.38M6.17M9.45M6.44M4.04M6.80M7.11M7.22M10.36M23.28M14.79M15.38M18.50M25.56M47.59M34.70M45.63M50.62M51.87M52.45M56.56M8.20M
Free Cash Flow-18.69M12.44M10.00M10.74M7.65M22.68M23.59M36.53M57.04M58.25M71.22M67.60M95.17M104.81M61.79M142.48M176.32M231.24M358.86M231.47M237.36M281.32M328.67M373.94M
Dividends Paid-------2.65M10.63M13.68M64.04M19.84M23.94M29.53M38.49M48.89M62.43M76.23M90.57M99.79M105.94M109.66M112.70M115.20M
FCF to OCF106.01%72.49%49.07%63.53%44.75%77.90%85.37%84.31%88.92%88.97%87.30%74.38%86.55%87.20%76.95%84.79%78.75%86.95%88.72%82.06%82.07%84.29%85.32%97.81%
Dividend Paid to FCF-------7.25%18.64%23.49%89.92%29.35%25.16%28.18%62.30%34.31%35.41%32.97%25.24%43.11%44.63%38.98%34.29%30.81%

Earnings

Report DateFeb 9, 2005May 4, 2005Aug 10, 2005Nov 1, 2005Feb 8, 2006May 3, 2006Aug 2, 2006Nov 1, 2006Feb 7, 2007May 2, 2007Aug 1, 2007Oct 31, 2007Feb 6, 2008May 7, 2008Jul 30, 2008Oct 29, 2008Feb 4, 2009Apr 29, 2009Jul 28, 2009Oct 28, 2009Feb 3, 2010Apr 28, 2010Jul 28, 2010Oct 27, 2010Feb 2, 2011Apr 27, 2011Jul 27, 2011Oct 26, 2011Feb 1, 2012Apr 25, 2012Jul 25, 2012Nov 2, 2012Jan 30, 2013Apr 24, 2013Jul 24, 2013Oct 23, 2013Jan 29, 2014Apr 23, 2014Jul 23, 2014Oct 22, 2014Jan 28, 2015Apr 22, 2015Jul 22, 2015Oct 21, 2015Jan 27, 2016Apr 27, 2016Jul 28, 2016Oct 26, 2016Jan 25, 2017Apr 26, 2017Jul 26, 2017Oct 25, 2017Jan 31, 2018Apr 25, 2018Jul 25, 2018Oct 24, 2018Jan 30, 2019Apr 24, 2019Jul 24, 2019Oct 23, 2019Jan 29, 2020Apr 29, 2020Jul 22, 2020Oct 27, 2020Jan 27, 2021Apr 22, 2021Jul 21, 2021Oct 20, 2021Jan 26, 2022Apr 20, 2022Jul 20, 2022Oct 19, 2022Jan 25, 2023Apr 26, 2023Jul 20, 2023Oct 25, 2023Jan 31, 2024May 7, 2024Aug 6, 2024Nov 6, 2024Feb 6, 2025May 7, 2025Aug 6, 2025Nov 7, 2025Feb 6, 2026May 7, 2026Jul 30, 2026Oct 23, 2026Nov 6, 2026
EPS Estimate0.060.100.050.030.030.020.020.040.050.070.080.060.060.050.070.040.040.070.080.100.140.170.170.180.200.260.250.290.300.360.320.320.360.370.450.430.420.450.460.480.510.630.630.620.630.790.850.770.840.960.920.900.881.221.050.941.161.381.321.381.301.862.041.761.832.141.691.441.431.701.701.511.571.901.561.471.721.881.681.851.691.811.961.701.642.151.881.951.95
EPS Actual0.090.090.050.030.030.030.020.040.060.070.100.070.060.050.080.060.050.080.080.120.140.170.180.220.230.270.300.340.310.350.340.360.360.430.510.480.410.460.490.460.570.650.640.600.650.770.880.820.881.111.000.901.191.301.101.061.261.391.271.421.331.962.201.781.972.171.771.521.371.711.781.581.581.961.591.461.841.921.721.901.731.872.001.841.682.251.951.86-
Surprise50.00%-10.00%0.00%0.00%0.00%50.00%0.00%0.00%20.00%0.00%25.00%16.67%0.00%0.00%14.29%50.00%25.00%14.29%0.00%20.00%0.00%0.00%5.88%22.22%15.00%3.85%20.00%17.24%3.33%-2.78%6.25%12.50%0.00%16.22%13.33%11.63%-2.38%2.22%6.52%-4.17%11.76%3.17%1.59%-3.23%3.17%-2.53%3.53%6.49%4.76%15.63%8.70%0.00%35.23%6.56%4.76%12.77%8.62%0.72%-3.79%2.90%2.31%5.38%7.84%1.14%7.65%1.40%4.73%5.56%-4.20%0.59%4.71%4.64%0.64%3.16%1.92%-0.68%6.98%2.13%2.38%2.70%2.37%3.31%2.04%8.24%2.44%4.65%3.72%-4.62%-
TimingPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap5.83B
Enterprise Value5.60B
Trailing P/E20.29
Forward P/E19.16
PEG Ratio1.68
Price / Sales6.69
Price / Book4.57
EPS8.16
Book Value36.20
Revenue (TTM)871.61M
Gross Profit (TTM)532.58M
EBITDA436.58M
Profit Margin33.51%
Operating Margin41.57%
Return on Equity21.85%
Return on Assets10.46%
Shares Outstanding35.20M
Shares Float29.64M
Beta0.80
Dividend Yield1.88%
Dividend Rate3.12
Payout Ratio40.31%

Analyst Ratings

Hold
Based on 12 analystsTarget 162.22
  • Hold
    12

Ownership Breakdown

Institutions
110.65%
Insiders
0.87%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    4.00M11.36%
  • PRIMECAP Management Company
    3.50M9.96%
  • North Reef Capital Management LP
    3.40M9.65%
  • Vanguard Portfolio Management, LLC
    2.10M5.97%
  • AQR Capital Management LLC
    1.99M5.65%
  • Vanguard Capital Management, LLC
    1.55M4.39%
  • FMR Inc
    1.40M3.99%
  • State Street Corp
    1.28M3.64%
  • Neuberger Berman Group LLC
    1.23M3.49%
  • The Goldman Sachs Group Inc
    1.03M2.93%
  • Bank of Montreal
    1.02M2.89%
  • BMO Capital Markets Corp.
    1.02M2.89%
  • Geode Capital Management, LLC
    994.77K2.83%
  • Van Eck Associates Corporation
    924.62K2.63%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    2.11M5.99%
  • Vanguard Capital Opportunity Inv
    1.37M3.88%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.12M3.17%
  • Vanguard Small Cap Index
    791.64K2.25%
  • PRIMECAP Odyssey Aggressive Growth
    707.42K2.01%
  • BlackRock Event Driven Equity Instl
    702.23K2.00%

Dividends

20264×
0.78Nov 10, 20260.78Aug 19, 20260.78May 20, 20260.78Feb 18, 2026
20254×
0.76Nov 19, 20250.76Aug 20, 20250.76May 21, 20250.76Feb 19, 2025
20244×
0.74Nov 20, 20240.74Aug 21, 20240.74May 21, 20240.74Feb 13, 2024
20234×
0.72Nov 7, 20230.72Aug 1, 20230.72May 9, 20230.72Feb 7, 2023
20224×
0.70Nov 1, 20220.70Aug 2, 20220.70May 3, 20220.70Feb 8, 2022
20214×
0.66Nov 2, 20210.66Aug 3, 20210.66May 11, 20210.66Feb 9, 2021