stockrow
Friday 6 November 2026
Export MKTX’s income statement to Excel — free account
MarketAxess Holdings Inc.
MKTX Financial Capital Markets
MarketAxess Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $846.3 million, up 3.57% from fiscal 2024.
- Revenue
- +0.76%
- EPS
- −16.9%
- Free cash flow
- +205.3%
Quarter to September 2026, against a year earlier
165.45
0.09
−0.05%
Follow MKTX
Alert me
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 7 | 4 | 5 | 3 | 5 | 4 | 5 | 6 | 6 |
P/E ratio |
27.17 | 31.05 | 41.64 | 42.71 | 59.86 | 71.14 | 68.56 | 45.15 | 50.65 | 43.78 |
P/S ratio |
7.94 | 10.40 | 14.29 | 14.86 | 22.07 | 30.93 | 27.49 | 17.93 | 19.08 | 15.05 |
P/FCF ratio |
20.72 | 25.86 | 38.23 | 44.97 | 66.64 | 59.40 | 60.80 | 44.29 | 52.69 | 77.67 |
P/Operating CF |
42.34 | 48.22 | 75.91 | 79.52 | 105.87 | 93.65 | 157.71 | 111.40 | 161.60 | 97.75 |
P/B ratio |
5.86 | 6.12 | 8.32 | 9.87 | 14.81 | 22.32 | 18.26 | 12.85 | 14.58 | 11.82 |
Price to Tangible BV |
8.94 | 8.06 | 11.48 | 12.89 | 20.03 | 29.92 | 25.00 | 14.32 | 16.62 | 13.68 |
EV/Sales |
7.32 | 9.49 | 13.56 | 14.19 | 21.35 | 30.29 | 26.71 | 16.81 | 18.05 | 14.06 |
EV/EBITDA |
14.55 | 18.40 | 26.08 | 25.86 | 37.54 | 49.98 | 48.16 | 31.07 | 32.44 | 24.88 |
EV/Operating CF |
16.22 | 20.12 | 30.58 | 35.23 | 52.89 | 51.60 | 51.35 | 32.70 | 42.25 | 57.61 |
EV/FCF |
19.12 | 23.58 | 36.28 | 42.94 | 64.46 | 58.16 | 59.06 | 41.53 | 49.83 | 72.58 |
Quick Ratio |
2.70 | 3.68 | 2.19 | 2.52 | 2.66 | 3.18 | 6.48 | 6.21 | 6.91 | 6.89 |
Current Ratio |
2.80 | 3.93 | 2.32 | 2.68 | 2.73 | 3.28 | 6.84 | 6.46 | 7.19 | 7.08 |
Net Debt/EBITDA |
(1.22) | (1.80) | (1.61) | (1.22) | (1.27) | (1.29) | (1.42) | (2.06) | (1.86) | (1.74) |
Debt/Assets |
11.37% | 0.00% | 0.00% | 5.16% | 5.75% | 0.00% | 10.26% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.19 | 0.00 | 0.00 | 0.08 | 0.08 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.45 | 0.43 | 0.42 | 0.46 | 0.49 | 0.60 | 0.62 | 0.68 | 0.71 | 0.76 |
Operating CF/Net income |
1.55 | 1.41 | 1.29 | 1.16 | 1.09 | 1.35 | 1.30 | 1.30 | 1.13 | 0.71 |
Capex/Depreciation |
(0.69) | (0.70) | (0.69) | (0.77) | (0.84) | (1.07) | (1.06) | (2.06) | (1.33) | (1.04) |
Interest Coverage |
229.88 | 212.91 | 158.86 | 466.97 | 400.52 | 328.13 | — | — | — | — |
| 19.46% | 20.45% | 21.74% | 23.58% | 25.84% | 34.71% | 29.74% | 30.79% | 30.14% | 29.39% | |
| 13.24% | 14.41% | 14.25% | 15.95% | 18.02% | 26.19% | 24.83% | 27.08% | 26.70% | 26.09% | |
ROIC |
34.10% | 33.72% | 29.75% | 34.13% | 39.30% | 56.29% | 42.67% | 109.40% | 115.27% | 112.69% |
Return on Tangible Assets |
24.74% | 25.66% | 27.06% | 29.62% | 32.74% | 41.01% | 35.40% | 31.90% | 32.91% | 31.86% |
Average Days of Receivables |
254.56 | 200.83 | 377.24 | 281.91 | 246.60 | 190.41 | 44.27 | 48.21 | 48.83 | 50.29 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
48.58% | 47.06% | 46.50% | 43.48% | 41.80% | 37.34% | 43.47% | 44.11% | 42.89% | 41.84% |
Intangible Assets out of Total Assets |
0.20 | 0.19 | 0.18 | 0.16 | 0.18 | 0.18 | 0.22 | 0.09 | 0.11 | 0.12 |
Share Based Compensation of Revenue |
3.65% | 3.63% | 3.88% | 4.16% | 3.91% | 3.72% | 4.95% | 3.64% | 3.67% | 3.95% |
Graham Net Nets |
0.08 | 0.10 | 0.07 | 0.06 | 0.04 | 0.03 | 0.03 | 0.06 | 0.05 | 0.07 |
Graham Number |
68.12 | 77.78 | 73.01 | 65.80 | 65.51 | 67.92 | 50.83 | 41.62 | 35.54 | 31.31 |
Earnings Yield |
3.68% | 3.22% | 2.40% | 2.34% | 1.67% | 1.41% | 1.46% | 2.21% | 1.97% | 2.28% |
Free Cash Flow Yield |
4.83% | 3.87% | 2.62% | 2.22% | 1.50% | 1.68% | 1.64% | 2.26% | 1.90% | 1.29% |
Revenue per Share |
22.84 | 21.73 | 20.04 | 19.17 | 18.63 | 18.45 | 13.79 | 11.79 | 10.67 | 9.98 |
Operating CF per Share |
10.31 | 10.25 | 8.89 | 7.72 | 7.52 | 10.83 | 7.17 | 6.06 | 4.56 | 2.44 |
Capex per Share |
(1.57) | (1.50) | (1.40) | (1.38) | (1.35) | (1.22) | (0.94) | (1.29) | (0.69) | (0.50) |
Free Cash Flow per Share |
8.75 | 8.74 | 7.49 | 6.34 | 6.17 | 9.61 | 6.24 | 4.77 | 3.87 | 1.93 |
Cash per Share |
19.95 | 20.13 | 16.81 | 15.09 | 15.81 | 14.43 | 13.50 | 13.16 | 11.03 | 9.84 |
Shareholders Equity per Share |
30.92 | 36.93 | 34.44 | 28.85 | 27.76 | 25.56 | 20.77 | 16.45 | 13.96 | 12.70 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
30.92 | 36.93 | 34.44 | 28.85 | 27.76 | 25.56 | 20.77 | 16.45 | 13.96 | 12.70 |
Free Cash Flow |
324.13 | 328.67 | 281.32 | 237.36 | 231.48 | 358.86 | 231.24 | 176.32 | 142.48 | 71.24 |
Working Capital |
884.62 | 961.10 | 851.11 | 744.55 | 691.55 | 644.80 | 507.04 | 478.77 | 411.42 | 364.90 |
Capital Expenditures |
(58.01) | (56.56) | (52.45) | (51.87) | (50.62) | (45.63) | (34.70) | (47.59) | (25.56) | (18.50) |
Net Current Asset Value |
587.09 | 888.45 | 771.43 | 661.88 | 603.12 | 551.19 | 409.05 | 478.77 | 411.42 | 364.90 |
EV/EBIT |
18.13 | 22.74 | 32.40 | 31.18 | 44.24 | 55.70 | 54.43 | 34.45 | 35.57 | 27.22 |
Capex to Sales |
0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.11 | 0.07 | 0.05 |
Price to Operating Income |
19.65 | 24.93 | 34.14 | 32.65 | 45.74 | 56.88 | 56.04 | 36.74 | 37.61 | 29.12 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.75 | 0.75 | 0.74 | 0.67 | 0.63 | 0.50 | 0.45 | 0.37 | 0.50 | 0.57 |
Cash ROIC |
15.40% | 15.32% | 14.62% | 13.72% | 13.44% | 24.02% | 16.89% | 16.11% | 15.46% | 8.58% |
Accounts Receivable Turnover |
1.63 | 1.33 | 1.13 | 1.40 | 1.68 | 3.27 | 8.55 | 7.91 | 7.62 | 8.07 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
519.89 | 613.67 | 666.28 | 513.51 | 415.86 | 210.75 | 59.78 | 55.09 | 51.65 | 45.56 |
Average Payables |
312.35 | 415.29 | 466.83 | 329.90 | 239.11 | 100.24 | 26.08 | 21.80 | 14.70 | 13.70 |
Average Assets |
1,862.05 | 1,902.14 | 1,811.42 | 1,569.11 | 1,430.94 | 1,143.18 | 825.23 | 638.39 | 554.64 | 483.54 |
Average Common Equity |
1,267.16 | 1,340.81 | 1,187.03 | 1,061.20 | 998.19 | 862.58 | 688.98 | 561.32 | 491.39 | 429.36 |
Columns are period end dates · fundamentals updated 6 Nov 2026