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) Return on invested capital

Alert me on Return on invested capital

MarketAxess Holdings Inc.'s return on invested capital over the twelve months to 30 September 2026 was 15.6%, down 18.5 percentage points from fiscal 2025 (34.1%). Over the past ten years it has ranged from 29.8% (fiscal 2023) to 115.3% (fiscal 2017); the current reading is higher than 27% of that period. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 4.70%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 34.1% 0.38
FY2024 33.7% 3.97
FY2023 29.8% (4.38)
FY2022 34.1% (5.17)
FY2021 39.3% (16.99)
FY2020 56.3% 13.62
FY2019 42.7% (66.73)
FY2018 109.4% (5.87)
FY2017 115.3% 2.58
FY2016 112.7% 25.71

Against its own ten years

Low 29.8% High 115.3%
Ten-year median 42.7%
Current reading's percentile 27

Return on invested capital against peers

Company Return on invested capital
MC Moelis & Company compare 41.8%
MKTX MarketAxess Holdings Inc. 24.8%
FIGR Figure Technology Solutions, Inc. compare 14.9%
BGC BGC Group, Inc. compare 10.2%
HUT Hut 8 Corp. compare 0.00%
MRX Marex Group PLC compare 0.00%
GLXY Galaxy Digital Inc. compare −7.30%
WULF TeraWulf Inc. compare −9.95%
RIOT Riot Platforms, Inc. compare −32.6%
Capital Markets industry median 0.00%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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