← Russell 3000 cross-section

MKTX MARKETAXESS HOLDINGS INC

Trailing twelve months to 2026-06-30 · as filed 2026-08-07, not restated
Financials

Scale

Market cap
$5.7bn
Revenue TTM
$870m
Net income TTM
$306m
Free cash flow
$194m
Composite score
52.9
Sector rank
#998

Valuation

P / E
18.7
EV / EBITDA
13.0
EV / sales
6.4
FCF yield
3.40%
Earnings yield vs 10-yr
0.63pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
35.2%
EBITDA margin
49.4%
ROE
24.7%
ROIC
31.8%
Revenue growth
3.9%

Insider activity, last 90 days

Net open-market
$-0.04m
Buyers
0
Sellers
1

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Each PSU is earned or forfeited based on our level of achievement of certain predetermined metrics, including pre-tax adjusted operating margin, U.S. credit market share and revenue growth excluding U.S. credit. Our commission revenues for the three months ended June 30, 2026 and 2025, and the resulting dollar and percentage changes, were as follows: Credit variable transaction fees decreased by $8.6 million, primarily driven by a 6.5% decrease in total credit average variable transaction fee per million, partially offset by a 0.6% increase in trading volume. …MARKETAXESS HOLDINGS INC, 10-Q, period ended 2026-06-30, filed 2026-08-07

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