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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
−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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

MarketAxess Holdings Inc. (MKTX) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, MarketAxess Holdings Inc. (MKTX) trades at a price to free cash flow of 19.4×. Over the past ten years it has ranged from 17.0× (October 2025) to 140× (September 2016); the current reading is higher than 4% of that period. That is above the Capital Markets industry median of 9.3× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 20.7× (19.87%)
FY2024 25.9× (32.36%)
FY2023 38.2× (14.98%)
FY2022 45.0× (32.52%)
FY2021 66.6× 12.20%
FY2020 59.4× (2.30%)
FY2019 60.8× 37.27%
FY2018 44.3× (15.93%)
FY2017 52.7× (32.16%)
FY2016 77.7× 107.00%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 19.2× (31.56%)
Jun 2026 28.0× 5.26%
Mar 2026 26.6× 28.47%
Dec 2025 20.7× 11.15%
43 more quarters

Against its own ten years

Low 17.0× High 140×
Ten-year median 44.8×
Current reading's percentile 4

Price to free cash flow against peers

Company Price to free cash flow
WULF TeraWulf Inc. compare n/m
HUT Hut 8 Corp. compare n/m
RIOT Riot Platforms, Inc. compare n/m
GLXY Galaxy Digital Inc. compare n/m
FIGR Figure Technology Solutions, Inc. compare n/m
MRX Marex Group PLC compare 2.0×
MC Moelis & Company compare 10.2×
BGC BGC Group, Inc. compare 13.2×
MKTX MarketAxess Holdings Inc. 40.9×
Capital Markets industry median 9.3×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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