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
Industry
Capital Markets
Headquarters
Employees
891
ISIN
US57060D1081
Website
MarketAxess Metrics
BasicAdvanced
$8.3B
38.31
$5.76
0.84
$3.00
1.38%
Price and volume
Market cap
$8.3B
Beta
0.84
52-week high
$291.92
52-week low
$186.84
Average daily volume
533K
Dividend rate
$3.00
Financial strength
Current ratio
8.62
Quick ratio
7.717
Long term debt to equity
4.542
Total debt to equity
5.259
Dividend payout ratio (TTM)
52.02%
Interest coverage (TTM)
224.80%
Profitability
EBITDA (TTM)
410.612
Gross margin (TTM)
62.08%
Net profit margin (TTM)
26.57%
Operating margin (TTM)
41.30%
Effective tax rate (TTM)
39.82%
Revenue per employee (TTM)
$920,000
Management effectiveness
Return on assets (TTM)
11.06%
Return on equity (TTM)
16.25%
Valuation
Price to earnings (TTM)
38.305
Price to revenue (TTM)
10.159
Price to book
6.16
Price to tangible book (TTM)
8.16
Price to free cash flow (TTM)
22.916
Free cash flow yield (TTM)
4.36%
Free cash flow per share (TTM)
963.56%
Dividend yield (TTM)
1.36%
Forward dividend yield
1.38%
Growth
Revenue change (TTM)
7.33%
Earnings per share change (TTM)
-15.36%
3-year revenue growth (CAGR)
5.75%
10-year revenue growth (CAGR)
11.44%
3-year earnings per share growth (CAGR)
-3.27%
10-year earnings per share growth (CAGR)
10.32%
3-year dividend per share growth (CAGR)
3.60%
10-year dividend per share growth (CAGR)
15.92%
What the Analysts think about MarketAxess
Analyst ratings (Buy, Hold, Sell) for MarketAxess stock.
Bulls say / Bears say
MarketAxess reported record total credit average daily volume (ADV) of $18.4 billion in April 2025, a 32% increase year-over-year, indicating strong growth in trading activity. (MarketAxess April 2025 Trading Volume Statistics)
The company achieved record Open Trading ADV of $5.7 billion in April 2025, reflecting increased client demand for liquidity and the effectiveness of its trading platform during periods of market volatility. (MarketAxess April 2025 Trading Volume Statistics)
MarketAxess expanded its partnership with BlackRock in September 2024 to enhance connectivity and efficiency in global credit markets, potentially increasing platform adoption and revenue. (MarketAxess and BlackRock Partnership Announcement)
In Q3 2023, MarketAxess reported earnings per share of $1.46, missing analyst estimates and reflecting a decline from $1.58 per share a year ago, indicating potential profitability challenges. (MarketAxess Q3 2023 Earnings Report)
Total expenses increased by 10% year-over-year in Q3 2023, driven by higher employee compensation and technology costs, which could pressure profit margins. (MarketAxess Q3 2023 Earnings Report)
The company revised its 2023 expense guidance upward to between $432 million and $438 million, suggesting higher operational costs that may impact future earnings. (MarketAxess Q3 2023 Earnings Report)
Data summarised monthly by Lightyear AI. Last updated on 8 Jun 2025.
MarketAxess Financial Performance
Revenues and expenses
MarketAxess Earnings Performance
Company profitability
MarketAxess News
AllArticlesVideos
MarketAxess Becomes First Platform to Provide Fully Electronic Workflow for the Trading of Indian Government Bonds to International Investors
Business Wire·4 days ago
MarketAxess Announces Trading Volume Statistics for May 2025
Business Wire·2 weeks ago
MarketAxess to Participate in the Morgan Stanley U.S. Financials Conference
Business Wire·2 weeks 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 $8.3B as of June 20, 2025.
What is the P/E ratio for MarketAxess stock?
The price to earnings (P/E) ratio for MarketAxess (MKTX) stock is 38.31 as of June 20, 2025.
Does MarketAxess stock pay dividends?
Yes, the MarketAxess (MKTX) stock pays dividends to shareholders. As of June 20, 2025, the dividend rate is $3 and the yield is 1.38%. MarketAxess has a payout ratio of 52.02% 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.