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
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MarketAxess Holdings Inc. (MKTX) P/B ratio
As of 5 November 2026, MarketAxess Holdings Inc. (MKTX) trades at a P/B ratio of 4.6×. Over the past ten years it has ranged from 3.2× (July 2026) to 24.6× (December 2020); the current reading is higher than 4% of that period. That is above the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 5.9× | (4.22%) |
| FY2024 | 6.1× | (26.42%) |
| FY2023 | 8.3× | (15.75%) |
| FY2022 | 9.9× | (33.35%) |
| FY2021 | 14.8× | (33.62%) |
| FY2020 | 22.3× | 22.25% |
| FY2019 | 18.3× | 42.10% |
| FY2018 | 12.8× | (11.90%) |
| FY2017 | 14.6× | 23.34% |
| FY2016 | 11.8× | 12.82% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Sep 2026 | 4.5× | 40.41% |
| Jun 2026 | 3.2× | (34.09%) |
| Mar 2026 | 4.9× | (16.54%) |
| Dec 2025 | 5.9× | 25.26% |
| 43 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| GLXY Galaxy Digital Inc. compare | 0.9× |
| MRX Marex Group PLC compare | 2.5× |
| RIOT Riot Platforms, Inc. compare | 2.5× |
| HUT Hut 8 Corp. compare | 3.0× |
| FIGR Figure Technology Solutions, Inc. compare | 3.4× |
| BGC BGC Group, Inc. compare | 3.9× |
| MKTX MarketAxess Holdings Inc. | 4.7× |
| MC Moelis & Company compare | 6.9× |
| WULF TeraWulf Inc. compare | 33.3× |
| Capital Markets industry median | 1.4× |
| Financial sector median | 1.3× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on MKTX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S 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