stockrowMarketAxess 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
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MarketAxess Holdings Inc. (MKTX) Operating margin
MarketAxess Holdings Inc.'s operating margin over the twelve months to 30 September 2026 was 39.2%, down 1.2 percentage points from fiscal 2025 (40.4%). Over the past ten years it has ranged from 40.4% (fiscal 2025) to 54.4% (fiscal 2020) — the current reading is the lowest in ten years. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 40.4% | (1.33) |
| FY2024 | 41.7% | (0.14) |
| FY2023 | 41.9% | (3.65) |
| FY2022 | 45.5% | (2.74) |
| FY2021 | 48.3% | (6.13) |
| FY2020 | 54.4% | 5.32 |
| FY2019 | 49.1% | 0.25 |
| FY2018 | 48.8% | (1.93) |
| FY2017 | 50.7% | (0.92) |
| FY2016 | 51.7% | 2.86 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 35.4% | (5.79) |
| Jun 2026 | 41.2% | (2.09) |
| Mar 2026 | 43.2% | 6.94 |
| Dec 2025 | 36.3% | (4.68) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MKTX MarketAxess Holdings Inc. | 40.5% |
| MRX Marex Group PLC compare | 36.4% |
| FIGR Figure Technology Solutions, Inc. compare | 28.4% |
| MC Moelis & Company compare | 18.4% |
| BGC BGC Group, Inc. compare | 10.7% |
| GLXY Galaxy Digital Inc. compare | −0.53% |
| RIOT Riot Platforms, Inc. compare | −210.5% |
| HUT Hut 8 Corp. compare | −227.0% |
| WULF TeraWulf Inc. compare | −250.4% |
| Capital Markets industry median | 0.00% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MKTX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement