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MKTX Stock Chart & Stats
$116.69
$1.54(1.32%)
At close: 4:00 PM EDT
$116.69
$1.54(1.32%)
Day’s Range― - ―
52-Week Range$108.75 - $195.97
Previous CloseN/A
Volume140.65K
Average Volume (3M)634.93K
Market Cap
$5.70B
Enterprise Value$3.87K
Total Cash (Recent Filing)$245.79M
Total Debt (Recent Filing)$178.91M
Price to Earnings (P/E)19.1
Beta>-0.01
Next Earnings
Oct 21, 2026EPS Estimate
1.95Next Dividend Ex-DateN/A
Dividend Yield1.91%
Share Statistics
EPS (TTM)8.49
Shares Outstanding35,192,890
10 Day Avg. Volume427,931
30 Day Avg. Volume634,935
Financial Highlights & Ratios
PEG Ratio-3.15
Price to Book (P/B)5.82
Price to Sales (P/S)7.86
P/FCF Ratio17.84
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$151.00Price Target Upside29.40% Upside
Rating ConsensusHold
Number of Analyst Covering11
EPS Forecast (FY)7.94
Revenue Forecast (FY)$894.84M
Bulls Say, Bears Say
Bulls Say
High Margins & Operating LeverageSustained ~44% operating margin and recent margin expansion reflect structural operating leverage in a software-like trading platform. Revenue-linked fixed-cost absorption and disciplined expense control support durable profitability across market cycles and fund continued product investment.
Growing Recurring Services RevenueRising subscription and services revenue diversifies earnings away from pure transaction volatility. Higher information, technology and post-trade services create steady, recurring cash streams and deepen client relationships, improving revenue stability and long-term monetization.
Conservative Balance SheetLow leverage and a sizable equity base give flexibility for strategic investments, product rollouts, buybacks and M&A. Even with modestly higher debt versus 2023–24, the conservative capital structure supports resilience through market cycles and funds long-term growth initiatives.
Bears Say
TTM Revenue SlowdownA sharp trailing-twelve-month revenue reversal signals weaker end-market demand or adverse comps. For a transaction-fee-dependent platform, sustained top-line deceleration reduces operating leverage benefits and raises uncertainty about forward revenue trajectory and product adoption pacing.
Free Cash Flow VariabilityMaterial TTM free-cash-flow decline and period-to-period variability weaken cash conversion reliability. That reduces room for consistent capital returns, reinvestment in tech or paid M&A, and raises sensitivity to trading-volume swings over the medium term.
Fee-mix & U.S. Market-share PressureMix shifts toward lower-fee local markets and measured U.S. credit share pressure can structurally depress fee capture even as volumes grow. This combination risks lower revenue per trade over time and requires sustained product/market-share actions to restore pricing power.
Marketaxess Holdings News
MKTX FAQ
What was Marketaxess’s price range in the past 12 months?
Marketaxess lowest stock price was $108.75 and its highest was $195.97 in the past 12 months.
What is Marketaxess’s market cap?
Marketaxess’s market cap is $5.70B.
When is Marketaxess’s upcoming earnings report date?
Marketaxess’s upcoming earnings report date is Oct 21, 2026 which is in 59 days.
How were Marketaxess’s earnings last quarter?
Marketaxess released its earnings results on Aug 07, 2026. The company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.854 by $0.096.
Is Marketaxess overvalued?
According to Wall Street analysts Marketaxess’s price is currently Undervalued.
Does Marketaxess pay dividends?
Marketaxess pays a Quarterly dividend of $0.78 which represents an annual dividend yield of 1.91%. See more information on Marketaxess dividends here
What is Marketaxess’s EPS estimate?
Marketaxess’s EPS estimate is 1.95.
How many shares outstanding does Marketaxess have?
Marketaxess has 35,192,890 shares outstanding.
What happened to Marketaxess’s price movement after its last earnings report?
Marketaxess reported an EPS of $1.95 in its last earnings report, beating expectations of $1.854. Following the earnings report the stock price went down -0.055%.
Which hedge fund is a major shareholder of Marketaxess?
Currently, no hedge funds are holding shares in MKTX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Marketaxess Holdings Stock Smart Score
Underperform
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10
Analyst Consensus
Hold
Average Price Target:
$151.00 (29.40% Upside)
$151.00 (29.40% Upside)
Blogger Sentiment
Bullish
MKTX Sentiment 67%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 216.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $39.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▼ 1.8%
Last 30 Days ▼ 1.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-44.39%
12-Months-Change
Fundamentals
Return on Equity
1.91%
Trailing 12-Months
Asset Growth
22.65%
Trailing 12-Months
Company Description
Marketaxess
MarketAxess Holdings Inc. develops and operates a premier electronic trading platform, serving institutional investors and broker-dealers globally. This platform provides essential access to deep liquidity across a broad spectrum of fixed-income assets, including U.S. investment-grade and high-yield corporate bonds, U.S. Treasuries, municipal bonds, emerging market debt, and Eurobonds, among other debt securities. Through its innovative Open Trading protocols, the company facilitates anonymous, "all-to-all" corporate bond transactions between its diverse client base. Beyond its core trading capabilities, MarketAxess offers a comprehensive array of value-added products and services. These include Composite+ pricing and other sophisticated market data tools designed to inform trading strategies, as well as auto-execution and custom workflow solutions. The company also provides robust connectivity to ensure straight-through processing and specialized technology services aimed at optimizing trading environments. Additionally, MarketAxess delivers vital pre- and post-trade support, covering trade matching, publication, regulatory reporting, and extensive market and reference data for a wide range of financial instruments. Founded in 2000, MarketAxess Holdings Inc. maintains its headquarters in New York, New York.
MKTX Company Deck
MKTX Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial picture: record revenue, commission growth, EPS +20%, improved operating margin, strong free cash flow, and pronounced international/EM momentum. Management acknowledged near-term headwinds in April (lower volatility, heavy new issuance, TRACE duplicate reporting) and mix-driven fee pressure, but outlined concrete product initiatives (DirectBooks new-issue pilot, closing auction enhancements, AI-driven analytics) and technology investments to address market-share and execution gaps. Overall, highlights notably outweigh the lowlights.View all MKTX earnings summariesMKTX Revenue Breakdown
86.81% Commissions
6.29% Information services
5.26% Post-trade services
1.65% Technology services
MKTX Stock 12 Month Forecast
Average Price Target
$151.00
▲(29.40% Upside)
Technical Analysis
Ownership Overview
0.92% Insiders
35.73% Mutual Funds
33.20% Other Institutional Investors
4.43% Public Companies and
Individual Investors