MarketAxess/$MKTX
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About MarketAxess
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
Ticker
$MKTX
Sector
Primary listing
Employees
891
Headquarters
Website
MarketAxess Metrics
BasicAdvanced
$6.9B
31.05
$5.95
0.84
$3.02
1.64%
Price and volume
Market cap
$6.9B
Beta
0.84
52-week high
$291.92
52-week low
$178.20
Average daily volume
713K
Dividend rate
$3.02
Financial strength
Current ratio
7.048
Quick ratio
6.149
Long term debt to equity
4.942
Total debt to equity
4.944
Dividend payout ratio (TTM)
50.76%
Interest coverage (TTM)
341.81%
Profitability
EBITDA (TTM)
421.976
Gross margin (TTM)
61.85%
Net profit margin (TTM)
26.62%
Operating margin (TTM)
41.48%
Effective tax rate (TTM)
39.94%
Revenue per employee (TTM)
$940,000
Management effectiveness
Return on assets (TTM)
11.24%
Return on equity (TTM)
16.33%
Valuation
Price to earnings (TTM)
31.046
Price to revenue (TTM)
8.258
Price to book
4.99
Price to tangible book (TTM)
7.07
Price to free cash flow (TTM)
19.652
Free cash flow yield (TTM)
5.09%
Free cash flow per share (TTM)
9.406
Dividend yield (TTM)
1.63%
Forward dividend yield
1.64%
Growth
Revenue change (TTM)
7.67%
Earnings per share change (TTM)
-14.21%
3-year revenue growth (CAGR)
6.38%
10-year revenue growth (CAGR)
11.31%
3-year earnings per share growth (CAGR)
-2.31%
10-year earnings per share growth (CAGR)
9.84%
3-year dividend per share growth (CAGR)
3.32%
10-year dividend per share growth (CAGR)
15.34%
What the Analysts think about MarketAxess
Analyst ratings (Buy, Hold, Sell) for MarketAxess stock.
Bulls say / Bears say
MarketAxess beat Wall Street Q2 2025 profit estimates with adjusted EPS of $2.00 versus $1.96 expected, demonstrating strong operational leverage and profitability (Reuters).
The platform’s Q2 2025 average daily trading volume surged 43% year-over-year to a record $49.0 billion, driven by a 22% increase in credit ADV and a 58% jump in rates ADV, underscoring robust demand and network effects (Reuters).
MarketAxess posted record Q2 2025 revenue of $219.5 million, topping consensus forecasts of $218.2 million, supported by double-digit growth in both credit and rates commission revenue (Associated Press).
Average variable transaction fees per million declined 7% year-over-year for credit and 12% for rates in Q2 2025, signaling pricing pressure that could compress future margins (Zacks).
MarketAxess’s expansion into India’s government bond market via its new electronic trading platform faces execution and regulatory risks, with client onboarding and revenue contributions yet to be proven (Reuters).
The company incurred $4.0 million in repositioning charges in Q2 2025 related to management restructuring, raising concerns over ongoing cost controls and integration execution (Investing.com).
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2025.
MarketAxess Financial Performance
Revenues and expenses
MarketAxess Earnings Performance
Company profitability
MarketAxess News
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FAQs
What’s the current market cap for MarketAxess stock?
MarketAxess (MKTX) has a market cap of $6.9B as of September 15, 2025.
What is the P/E ratio for MarketAxess stock?
The price to earnings (P/E) ratio for MarketAxess (MKTX) stock is 31.05 as of September 15, 2025.
Does MarketAxess stock pay dividends?
Yes, the MarketAxess (MKTX) stock pays dividends to shareholders. As of September 15, 2025, the dividend rate is $3.02 and the yield is 1.64%. MarketAxess has a payout ratio of 50.76% on a trailing twelve-month basis.
When is the next MarketAxess dividend payment date?
The next MarketAxess (MKTX) dividend payment date is unconfirmed.
What is the beta indicator for MarketAxess?
MarketAxess (MKTX) has a beta rating of 0.84. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.