Marketaxess Holdings Inc (MKTX)
Marketaxess Holdings Inc brought in $871.6M of revenue over the twelve months to September 30, 2026, up 3.9% from a year earlier. Net income was $292.1M, a net margin of 33.5%. Operating cash flow minus capital spending left $373.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $381.1M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Marketaxess Holdings Inc
- Net worth
- Marketaxess Holdings Inc has a market value (market cap) of $5.8B at the latest share price, and shareholders' equity of $1.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $846.3M (+3.6% year on year), with net income of $246.6M. Over the 12 months to September 30, 2026: revenue $871.6M, net income $292.1M.
- Cash flow
- In fiscal 2025 operations brought in $382.1M of cash; after $8.2M of capital spending, free cash flow was $373.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Marketaxess Holdings Inc's next report is expected around February 5, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Marketaxess Holdings Inc declared dividends of $3.04 per share in fiscal 2025, a yield of 1.83% at the current price.
What Marketaxess Holdings Inc does
Marketaxess Holdings Inc is registered with the SEC under industry code SIC 6211 (Security Brokers, Dealers & Flotation Companies). Its shares trade on NASDAQ under the ticker MKTX.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $846.3M | $246.6M | $6.64 | $373.9M |
| 2024 | $817.1M | $274.2M | $7.28 | $375.3M |
| 2023 | $752.5M | $258.1M | $6.85 | $324.4M |
| 2022 | $718.3M | $250.2M | $6.65 | $276.1M |
| 2021 | $699M | $257.9M | $6.77 | $264.6M |
| 2020 | $689.1M | $299.4M | $7.85 | $389.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MKTX ranks in Finance
Dividends
Marketaxess Holdings Inc declared $3.04 per share in fiscal 2025. At the current price that is a yield of 1.83%. It paid out $115.2M in cash dividends, 47% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.04 | $115.2M | 47% |
| 2024 | $2.96 | $112.7M | 41% |
| 2023 | $2.88 | $109.7M | 42% |
| 2022 | $2.80 | $105.9M | 42% |
| 2021 | $2.64 | $99.8M | 39% |
| 2020 | $2.40 | $90.6M | 30% |
Latest SEC filings
What Marketaxess Holdings Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 0.8% to $210.4M versus the same quarter last year; diluted EPS $1.53 versus $1.84.
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- October 29, 2026
- October 23, 2026Other event 8-K
- October 23, 2026
- October 22, 2026Other event 8-K
- September 29, 2026Additional proxy material DEFA14A
- September 29, 2026Other event 8-K
- September 18, 2026Merger proxy statement DEFM14A
- September 4, 2026Form PREM14A filing PREM14A
What is MKTX worth? A DCF from its reported cash flow
Insider trades
What the people running Marketaxess Holdings Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1M worth of shares in the last 90 days and bought none on the open market. 3% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 12, 2026 | Pintoff ScottGeneral Counsel and Secretary | Soldpre-planned (10b5-1) | 100 | $16.5K |
| September 10, 2026 | Cruger William Frank Jr.Director | Sold | 6,164 | $1M |
| September 10, 2026 | Pintoff ScottGeneral Counsel and Secretary | Soldpre-planned (10b5-1) | 100 | $16.3K |
| August 12, 2026 | Portney Emily HopeDirector | Gave as a gift | 2,085 | - |
| August 12, 2026 | Portney Emily HopeDirector | Gave as a giftindirect | 2,085 | - |
| August 10, 2026 | Pintoff ScottGeneral Counsel and Secretary | Soldpre-planned (10b5-1) | 100 | $16.3K |
| August 7, 2026 | Chwick JaneDirector | Gave as a gift | 606 | - |
| July 10, 2026 | Pintoff ScottGeneral Counsel and Secretary | Soldpre-planned (10b5-1) | 100 | $11.5K |
Who owns MKTX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Primecap Management Co13G, passive | 9.86% | August 6, 2026 |
| North Reef Capital Management LP13G, passive with 2 related filers | 9.55% | August 14, 2026 |
| Vanguard Portfolio Management13G, passive | 6.09% | April 29, 2026 |
| AQR Capital Management, LLC13G, passive with 1 related filers | 5.59% | August 13, 2026 |
| Vanguard Capital Management13G, passive | 5.32% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 396 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 3,999,836 | -75,318 |
| Primecap Management Co | 3,504,905 | +157,780 |
| North Reef Capital Management LP | 3,395,000 | +1,520,000 |
| Vanguard Portfolio Management LLC | 2,100,273 | -63,398 |
| Aqr Capital Management LLC | 1,987,288 | -696,457 |
| Vanguard Capital Management LLC | 1,546,670 | -62,589 |
| Fmr LLC | 1,404,998 | -114,423 |
| State Street Corp | 1,281,769 | +912 |
| Neuberger Berman Group LLC | 1,229,929 | +263,900 |
| Goldman Sachs Group Inc | 1,031,309 | +522,266 |
| Bank of Montreal | 1,017,024 | -3,535 |
| Geode Capital Management, LLC | 994,772 | +131,785 |
| Van Eck Associates Corp | 924,617 | -314,668 |
| Dimensional Fund Advisors LP | 597,894 | +16,410 |
| Norges Bank | 572,422 | new |
| GUARDCAP ASSET MANAGEMENT Ltd | 536,324 | -107,046 |
| Two Sigma Investments, LP | 543,890 | +19,866 |
| Azora Capital LP | 513,081 | new |
| Davis Asset Management, L.P. | 500,000 | +391,154 |
| Citadel Advisors LLC | 481,689 | +399,530 |
Insiders
18 insiders reported holding 236,522 shares in total, about $39.2M at the last price.
| Holder | Shares |
|---|---|
| McPherson Kevin MChief Revenue Officer | 71,049 |
| Concannon Christopher RChief Executive Officer, Director | 53,600 |
| Hernandez Carlos MauricioDirector | 25,5861,772 held indirectly |
| Begleiter Steven LDirector | 12,074 |
| Pintoff ScottGeneral Counsel and Secretary | 11,386 |
| Panchal Naineshkumar ShantilalChief Information Officer | 11,331 |
| Chwick JaneDirector | 9,223 |
| Fiszel Bieler IleneChief Financial Officer | 8,656 |
| Ketchum Richard GDirector | 6,093 |
| Portney Emily HopeDirector | 5,8301,571 held indirectly |
Questions about MKTX
What does Marketaxess Holdings Inc do?
Marketaxess Holdings Inc is a company in the Finance sector, listed on NASDAQ as MKTX. Its shares trade on NASDAQ under the ticker MKTX.
What is Marketaxess Holdings Inc's net worth?
Marketaxess Holdings Inc has a market value (market cap) of $5.8B at the latest share price, and shareholders' equity of $1.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Marketaxess Holdings Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $292.1M on revenue of $871.6M, a net margin of 33.5%.
How much revenue does Marketaxess Holdings Inc make?
Over the twelve months to September 30, 2026 Marketaxess Holdings Inc reported revenue of $871.6M. That is 3.9% more than a year earlier.
When did Marketaxess Holdings Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is Marketaxess Holdings Inc's next earnings report?
Marketaxess Holdings Inc's next report is expected around February 5, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Marketaxess Holdings Inc pay a dividend?
Yes. Marketaxess Holdings Inc declared dividends of $3.04 per share in fiscal 2025, a yield of 1.83% at the current price.
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Where the numbers come from
Financial figures are the values Marketaxess Holdings Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.