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) P/B ratio

Alert me on 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

Against its own ten years

Low 3.2× High 24.6×
Ten-year median 12.1×
Current reading's percentile 7

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))

The full definition of P/B ratio →

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