MarketAxess/$MKTX
MKTX falls as MarketAxess reports September and Q3 trading volumes with a 5.5% y/y decline in total ADV and an 8% drop in high-grade trading volumes.
4 hours agoLightyear AI
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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
$6.4B
28.64
$5.95
0.88
$3.02
1.78%
Price and volume
Market cap
$6.4B
Beta
0.88
52-week high
$291.92
52-week low
$168.74
Average daily volume
1.1M
Dividend rate
$3.02
Financial strength
Current ratio
7.048
Quick ratio
6.486
Long term debt to equity
4.474
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)
61.87%
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)
28.636
Price to revenue (TTM)
7.617
Price to book
4.6
Price to tangible book (TTM)
6.52
Price to free cash flow (TTM)
18.127
Free cash flow yield (TTM)
5.52%
Free cash flow per share (TTM)
9.406
Dividend yield (TTM)
1.77%
Forward dividend yield
1.78%
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 profit expectations in Q2 with adjusted EPS of $2.00 vs. a $1.96 forecast and set a record total ADV of $49 billion, up 43% year-over-year driven by credit and rates trading (Reuters).
Credit product ADV rose 22% to a record $16.8 billion in Q2 2025, reflecting strong trading activity in U.S. credit, emerging markets, and eurobonds (Reuters).
MarketAxess launched a dedicated electronic platform for India’s government bond market, integrated with the Clearing Corporation of India’s NDS-Order Matching system, to onboard foreign investors amid nearly ₹1 trillion of net foreign purchases over the past 13 months (Reuters).
Liquidnet’s introduction of a multi-protocol bond trading tool, which intelligently routes orders across anonymous, RFQ, and lit protocols, intensifies competition and risks eroding MarketAxess’s market share in large block trades (Reuters).
Fee capture declined as MarketAxess’s shift toward lower-fee protocols and growing portfolio trading mix drove average variable transaction fees per million down, pressuring overall margins (Nasdaq).
Anticipated Federal Reserve rate cuts and consequent lower market volatility could diminish trading volumes and weaken future revenue growth for MarketAxess (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 2 Oct 2025.
MarketAxess Financial Performance
Revenues and expenses
MarketAxess Earnings Performance
Company profitability
MarketAxess News
AllArticlesVideos
MarketAxess Announces Trading Volume Statistics for September and Third Quarter 2025
Business Wire11 hours ago
MarketAxess Launches Axess IQ Connect, a Mobile Fixed-Income Workflow Solution for Private Banks and Wealth Managers
Business Wire2 weeks ago
MarketAxess Announces Trading Volume Statistics for August 2025
Business Wire1 month ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
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FAQs
What’s the current market cap for MarketAxess stock?
MarketAxess (MKTX) has a market cap of $6.4B as of October 06, 2025.
What is the P/E ratio for MarketAxess stock?
The price to earnings (P/E) ratio for MarketAxess (MKTX) stock is 28.64 as of October 06, 2025.
Does MarketAxess stock pay dividends?
Yes, the MarketAxess (MKTX) stock pays dividends to shareholders. As of October 06, 2025, the dividend rate is $3.02 and the yield is 1.78%. 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 0.88. 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.