Marketaxess (MKTX)
NASDAQ:MKTX
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MKTX Stock Chart & Stats
$169.00
-$3.09(-1.41%)
At close: 4:00 PM EST
$169.00
-$3.09(-1.41%)
Day’s Range― - ―
52-Week Range$113.29 - $225.59
Previous CloseN/A
Volume248.45K
Average Volume (3M)704.47K
Market Cap
$4.30B
Enterprise Value$4.49B
Total Cash (Recent Filing)$440.37M
Total Debt (Recent Filing)$291.96M
Price to Earnings (P/E)13.8
Beta-0.14
Next Earnings
Jul 22, 2026EPS Estimate
1.93Next Dividend Ex-DateN/A
Dividend Yield1.66%
Share Statistics
EPS (TTM)8.47
Shares Outstanding35,539,450
10 Day Avg. Volume838,052
30 Day Avg. Volume704,473
Financial Highlights & Ratios
PEG Ratio-3.13
Price to Book (P/B)5.82
Price to Sales (P/S)7.86
P/FCF Ratio17.84
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue5.12
Enterprise Value/Gross Profit7.27
Enterprise Value/Ebitda9.71
Forecast
1Y Price Target
$176.89Price Target Upside4.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)8.02
Revenue Forecast (FY)$903.43M
Bulls Say, Bears Say
Bulls Say
High Profitability & MarginsMarketAxess sustains very high gross and net margins, reflecting scale in electronic execution and high-margin information services. Durable margin structure supports long-term cash generation and reinvestment capacity, insulating earnings through business-cycle variation in trade volumes.
Conservative Balance SheetMinimal leverage and strong returns on equity provide financial flexibility for buybacks, dividends, M&A, and R&D. Low debt reduces vulnerability to rate shifts and supports sustained capital returns while preserving ability to invest in product roadmap and international expansion.
Product Adoption, Recurring Revenue & Data MoatGrowing emerging-market volumes, automation and AI-driven analytics deepen network effects and subscription revenue. Persistent client adoption across blocks, portfolio trading and data products strengthens sticky recurring revenue and competitive differentiation that should compound over months.
Bears Say
Volatile Cash ConversionA meaningful year-over-year decline in trailing free cash flow and inconsistent operating cash relative to net income indicate cash conversion risk. This variability can constrain discretionary investments and capital returns if volumes or fee mix weaken for several quarters.
Mix-Driven Fee PressureShift toward lower-fee local-market EM business and changing execution protocols can compress per-trade economics. Persistent mix headwinds make revenue growth less efficient and could restrain margin expansion unless pricing or product mix is managed effectively.
Volume & Market-Share VulnerabilityBusiness relies on transaction volumes; measurement noise (TRACE duplicates) and episodic volume drops highlight susceptibility to market structure, reporting artifacts, and cyclical flows. Restoring and defending U.S. credit market share remains a multi-quarter operational priority.
Marketaxess Holdings News
MKTX FAQ
What was Marketaxess’s price range in the past 12 months?
Marketaxess lowest stock price was $113.29 and its highest was $225.59 in the past 12 months.
What is Marketaxess’s market cap?
Marketaxess’s market cap is $4.30B.
When is Marketaxess’s upcoming earnings report date?
Marketaxess’s upcoming earnings report date is Jul 22, 2026 which is in 36 days.
How were Marketaxess’s earnings last quarter?
Marketaxess released its earnings results on May 07, 2026. The company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.153 by $0.097.
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 1.66%. See more information on Marketaxess dividends here
What is Marketaxess’s EPS estimate?
Marketaxess’s EPS estimate is 1.93.
How many shares outstanding does Marketaxess have?
Marketaxess has 35,539,450 shares outstanding.
What happened to Marketaxess’s price movement after its last earnings report?
Marketaxess reported an EPS of $2.25 in its last earnings report, beating expectations of $2.153. Following the earnings report the stock price went up 2.567%.
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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Analyst Consensus
Moderate Buy
Average Price Target:
$176.89 (4.67% Upside)
$176.89 (4.67% Upside)
Blogger Sentiment
Bullish
MKTX Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 123.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $43.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 9.8%
Last 30 Days ▼ 9.8%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-45.28%
12-Months-Change
Fundamentals
Return on Equity
24.27%
Trailing 12-Months
Asset Growth
22.55%
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
$176.89
▲(4.67% Upside)
Technical Analysis
Ownership Overview
0.91% Insiders
34.74% Mutual Funds
27.56% Other Institutional Investors
8.10% Public Companies and
Individual Investors