MKTX
$163.92-0.02%
as of close, Sep 30, 2026
☾ AH $163.92 -0.02%
MarketAxessStock · FinancialsNasdaq Composite 0.01%Russell 3000 0.006%Russell 1000 0.006%US Stock Market 0.005%
MKTX financial statements
The full income statement, balance sheet, and cash-flow statement for MarketAxess (MKTX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 37.8M2024-09 37.7M2024-12 37.7M2025-03 37.5M2025-06 37.4M2025-09 37.2M2025-12 35.5M2026-03 35.5M2026-06 35.2M-6.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 846M+3.6% | 817M+8.6% | 753M+4.8% | 718M+2.8% | 699M+1.4% | |
| 504M+5.9% | 476M+8.8% | 438M+11.8% | 391M+8.2% | 362M+15.1% | ||
| Selling, general & administrative | 26.6M+17.1% | 22.7M-1.4% | 23.0M+20.0% | 19.2M+32.4% | 14.5M+14.2% | |
| General & administrative | 26.6M+17.1% | 22.7M-1.4% | 23.0M+20.0% | 19.2M+32.4% | 14.5M+14.2% | |
| Amortization of intangibles | 19.9M+0.5% | 19.8M+6.5% | 18.6M+13.4% | 16.4M+22.4% | 13.4M+243.6% | |
| Provision for credit losses | 900K+12.5% | 800K+100.0% | 400K-33.3% | 600K+200.0% | 200K-60.0% | |
| Operating income | 342M+0.3% | 341M+8.2% | 315M-3.6% | 327M-3.1% | 337M-10.0% | |
| Interest expense | 1.49M-7.1% | 1.60M-19.3% | 1.98M+183.3% | 700K-16.9% | 842K-26.3% | |
| Interest & investment income | — | — | 22.4M+344.9% | 5.04M+1156.9% | 401K-83.6% | |
| Other non-operating income | 1.79M+129.0% | -6.16M-76.3% | -3.50M-158.8% | 5.95M+307.1% | -2.87M-71.6% | |
| Equity-method income | 457K-67.2% | 1.40M+89.8% | 735K-34.7% | 1.13M | 0.00 | |
| Pre-tax income | 367M+1.8% | 361M+8.4% | 333M-1.7% | 338M+1.3% | 334M-10.8% | |
| Income tax | 120M+39.0% | 86.4M+15.7% | 74.6M-15.2% | 88.1M+15.8% | 76.0M+1.4% | |
| 247M-10.0% | 274M+6.2% | 258M+3.1% | 250M-3.0% | 258M-13.9% | ||
| Net income to non-controlling interest | 285K | 0.00 | 0.00 | — | — | |
| $6.64-8.8% | $7.28+6.3% | $6.85+3.0% | $6.65-1.8% | $6.77-13.8% | ||
| EPS (basic) | $6.66-8.6% | $7.29+6.1% | $6.87+2.8% | $6.68-2.9% | $6.88-14.1% | |
| Weighted-avg shares (basic) | 37.1M-1.4% | 37.6M+0.1% | 37.5M+0.2% | 37.5M-0.1% | 37.5M+0.4% | |
| Weighted-avg shares (diluted) | 37.1M-1.4% | 37.7M+0.0% | 37.7M+0.0% | 37.6M-1.2% | 38.1M-0.1% | |
| Dividends per share | $3.04+2.7% | $2.96+2.8% | $2.88+2.9% | $2.80+6.1% | $2.64+10.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 520M-4.5% | 544M+20.7% | 451M+4.8% | 431M-15.0% | 507M+10.0% | |
| 1.93B+8.1% | 1.79B-11.2% | 2.02B+25.3% | 1.61B+5.1% | 1.53B+14.9% | ||
| Property, plant & equipment | 112M+4.8% | 107M+4.5% | 103M+2.4% | 100M+4.4% | 96.1M+12.7% | |
| Operating lease right-of-use | 51.9M-10.8% | 58.1M-7.8% | 63.0M-4.6% | 66.1M-6.8% | 71.0M-6.5% | |
| Goodwill | 284M+19.8% | 237M+0.0% | 237M+52.9% | 155M+0.0% | 155M+5.0% | |
| Intangible assets | 111M+12.8% | 98.1M-17.7% | 119M+21.5% | 98.1M-15.7% | 116M+22.0% | |
| Short-term & current debt | 220M | 0.00 | — | — | — | |
| 777M+93.9% | 401M-44.5% | 722M+37.1% | 527M+7.7% | 489M+30.0% | ||
| Operating lease liability (total) | 64.9M-10.6% | 72.7M-8.8% | 79.7M-3.6% | 82.7M-6.5% | 88.4M-5.5% | |
| Finance lease liability (total) | — | 85.0K-55.7% | 192K | — | — | |
| 1.15B-17.5% | 1.39B+7.4% | 1.29B+19.6% | 1.08B+3.8% | 1.04B+9.0% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 123K+0.0% | 123K+0.0% | 123K+0.0% | 123K+0.0% | 123K+0.0% | |
| Additional paid-in capital | 306M-12.8% | 351M+5.2% | 333M-3.5% | 345M+4.6% | 330M+0.2% | |
| Retained earnings | 1.54B+9.4% | 1.41B+13.0% | 1.24B+13.0% | 1.10B+15.1% | 957M+19.7% | |
| Treasury stock | 695M+108.4% | 333M+28.1% | 260M-20.7% | 328M+41.1% | 233M+37.3% | |
| Accumulated other comprehensive income | -4.36M+87.4% | -34.7M-42.4% | -24.4M+35.4% | -37.7M-182.8% | -13.3M-186.7% | |
| Total liabilities & equity | 1.93B+8.1% | 1.79B-11.2% | 2.02B+25.3% | 1.61B+5.1% | 1.53B+14.9% | |
| Common shares issued | 41.1M+0.2% | 41.0M+0.2% | 40.9M+0.1% | 40.9M+0.0% | 40.9M+0.1% | |
| Common shares outstanding | 35.8M-5.0% | 37.6M-0.7% | 37.9M+0.7% | 37.6M-0.7% | 37.9M-0.2% | |
| Shares outstanding (cover) | 35.5M-5.7% | 37.7M-0.5% | 37.9M+0.7% | 37.6M-0.6% | 37.8M-0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 382M-0.8% | 385M+15.4% | 334M+15.4% | 289M+2.5% | 282M-30.3% | ||
| Depreciation & amortization | 76.7M+3.9% | 73.8M+4.6% | 70.6M+14.8% | 61.4M+15.0% | 53.4M+48.5% | |
| Intangible amortization | 19.9M+0.5% | 19.8M+6.5% | 18.6M+13.4% | 16.4M+22.4% | 13.4M+243.6% | |
| Share-based compensation | 30.9M+4.2% | 29.7M+1.7% | 29.2M-2.3% | 29.9M+9.3% | 27.3M+6.6% | |
| Deferred income taxes | 22.0M+667.8% | -3.88M+33.3% | -5.82M+11.2% | -6.55M-310.0% | 3.12M-69.1% | |
| Change in receivables | 2.38M-36.2% | 3.73M-47.6% | 7.12M-53.0% | 15.1M+197.0% | -15.6M-186.6% | |
| -96.9M-11.5% | -86.9M+44.0% | -155M-80.0% | -86.3M-27.4% | -67.7M-198.3% | ||
| Capital expenditure | 8.20M-17.5% | 9.94M+6.6% | 9.33M-29.0% | 13.1M-24.9% | 17.5M+16.5% | |
| Free cash flow | 374M-0.4% | 375M+15.7% | 324M+17.5% | 276M+4.3% | 265M-32.1% | |
| Acquisitions | 36.5M | 0.00-100.0% | 78.5M | 0.00 | 0.00 | |
| Purchases of investments | 87.8M-6.0% | 93.4M+18.8% | 78.6M+56.9% | 50.1M+100.4% | 25.0M | |
| Sales/maturities of investments | 10.6M-15.0% | 12.4M+179.4% | 4.45M | 0.00 | 0.00-100.0% | |
| Other investing activities | — | — | — | — | 0.00 | |
| -332M-65.0% | -201M-36.9% | -147M+39.3% | -242M-27.7% | -190M-30.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 420M+456.5% | 75.5M | 0.00-100.0% | 87.5M+38.5% | 63.2M+291.6% | |
| Dividends paid | 115M+2.2% | 113M+2.8% | 110M+3.5% | 106M+6.2% | 99.8M+10.2% | |
| Net change in cash | -24.6M-127.7% | 88.8M+127.6% | 39.0M+173.7% | -52.9M-402.0% | 17.5M-94.8% | |
| Interest paid | 721K-58.0% | 1.72M-8.2% | 1.87M+186.8% | 652K-21.4% | 830K-27.3% | |
| Income taxes paid | 62.8M-35.2% | 96.9M+2.2% | 94.8M+6.9% | 88.7M+26.7% | 70.0M+55.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.44B-24.4% | 8.52B-23.2% | 11.1B+5.8% | 10.5B-32.5% | 15.6B-28.2% | |
| P/E | 26.1×-15.9% | 31.1×-30.7% | 44.8×+3.8% | 43.2×-28.5% | 60.3×-16.7% | |
| P/S | 7.6×-27.0% | 10.4×-31.1% | 15.1×+1.8% | 14.9×-33.2% | 22.3×-29.2% | |
| P/B | 5.6×-8.3% | 6.1×-34.2% | 9.3×-9.5% | 10.3×-31.0% | 14.9×-34.2% | |
| P/FCF | 17.2×-24.1% | 22.7×-36.1% | 35.5×-1.5% | 36.1×-38.7% | 58.8×+5.7% | |
| Earnings yield | 3.8%+18.9% | 3.2%+44.2% | 2.2%-3.7% | 2.3%+39.8% | 1.7%+20.0% | |
| FCF yield | 5.8%+31.8% | 4.4%+56.4% | 2.8%+1.5% | 2.8%+63.1% | 1.7%-5.4% | |
| Dividend yield | 1.7%+28.1% | 1.3%+33.2% | 0.98%-2.0% | 1.0%+56.4% | 0.64%+52.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MKTX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MKTX filings on SEC EDGAR → Not investment advice.