MarketAxess (MKTX)
Financials
MarketAxess operates a leading electronic trading platform for fixed-income securities, enabling institutional investors and broker-dealers to execute trades with improved efficiency and reduced costs.
What MarketAxess does
MarketAxess operates electronic trading platforms that connect approximately 2,100 institutional investor and broker-dealer clients for trading in fixed-income and other markets. The company's core product, Open Trading, is an all-to-all anonymous marketplace that provides a diversified liquidity pool and facilitates price discovery. The company generates revenue from trading commissions, information services, post-trade services, and technology services, with commissions representing 86.8% of 2025 revenues. MarketAxess also offers X-Pro, a next-generation platform integrating multiple trading protocols, algorithmic execution solutions, and proprietary pre- and post-trade analytics powered by an AI-driven pricing engine.
Themes: []
Fundamentals
- Price$113.98 as of 2026-07-09 close
- Market cap$4.1B as of 2026-07-10
- 1-year return-48.0% as of 2026-07-09 close
- P/E13.21 as of 2026-07-10
- Net margin+35.5% as of 2026-07-10
- Gross margin+88.9% as of 2026-07-10
- ROE+24.3% as of 2026-07-10
- Debt / equity0.19 as of 2026-07-10
- Revenue growth (YoY)+6.8% as of 2026-07-10
- Revenue CAGR (3y)+5.6% SEC XBRL
- Beta0.86 as of 2026-07-10
Dividend: yield +2.7%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
[]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.