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
−83.7%

Quarter to September 2026, against a year earlier

165.60 0.01 −0.01%
Market cap
$5.8B
P/E
20.2×
Fwd P/E
21.3×
Dividend yield
1.87%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

MarketAxess Holdings Inc. (MKTX) Net margin

Alert me on Net margin

MarketAxess Holdings Inc.'s net margin over the twelve months to 30 September 2026 was 33.5%, up 4.4 percentage points from fiscal 2025 (29.1%). Over the past ten years it has ranged from 29.1% (fiscal 2025) to 43.4% (fiscal 2020) — the current reading is the lowest in ten years. That is above the Capital Markets industry median of −0.34% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 29.1% (4.42)
FY2024 33.6% (0.73)
FY2023 34.3% (0.55)
FY2022 34.8% (2.06)
FY2021 36.9% (6.54)
FY2020 43.4% 3.37
FY2019 40.1% 0.39
FY2018 39.7% 2.04
FY2017 37.6% 3.33
FY2016 34.3% 2.62

Quarterly newest first

Period Net margin Change (points)
Sep 2026 25.6% (5.58)
Jun 2026 31.2% (2.19)
Mar 2026 33.4% (10.68)
Dec 2025 44.1% 11.40
43 more quarters

Against its own ten years

Low 29.1% High 43.4%
Ten-year median 34.8%
Current reading's percentile 48

Net margin against peers

Company Net margin
MKTX MarketAxess Holdings Inc. 35.2%
FIGR Figure Technology Solutions, Inc. compare 27.0%
MRX Marex Group PLC compare 15.3%
MC Moelis & Company compare 14.5%
BGC BGC Group, Inc. compare 6.04%
GLXY Galaxy Digital Inc. compare −0.34%
HUT Hut 8 Corp. compare −169.8%
RIOT Riot Platforms, Inc. compare −210.8%
WULF TeraWulf Inc. compare −1,179.9%
Capital Markets industry median −0.34%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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