# MarketAxess Holdings Inc. (MKTX)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $4.32B  
**Price:** $116.40 (+0.25%)

> MarketAxess Holdings Inc. is a financial technology company that operates a leading electronic trading platform for the institutional fixed-income markets. The company enables institutional investors and broker-dealers to trade a diverse range of credit instruments, including corporate bonds, sovereign bonds, and other fixed-income securities. MarketAxess provides comprehensive market data and post-trade services that support the full trading lifecycle. The platform connects a robust network of market participants through automated trading solutions, intelligent data products, and various post-trade services. The company's Open Trading marketplace is widely regarded as the preferred all-to-all trading solution in global credit markets. MarketAxess serves clients across the Americas, Europe, Latin America, and Asia, and its technology is leveraged by over 2,000 firms for efficient fixed-income trading. Founded in 2000 and headquartered in New York, the company has established itself as a central infrastructure provider that enhances trading efficiency, diversifies liquidity pools, and delivers significant cost savings to market participants.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $846M | — | $342M | $247M | — |
| 2024 | $817M | — | $341M | $274M | — |
| 2023 | $753M | — | $315M | $258M | — |
| 2022 | $718M | — | $327M | $250M | — |
| 2021 | $699M | — | $337M | $258M | — |
| 2020 | $689M | — | $375M | $299M | — |
| 2019 | $511M | — | $251M | $205M | — |
| 2018 | $436M | — | $213M | $173M | — |
| 2017 | $393M | — | $200M | $148M | — |
| 2016 | $368M | — | $190M | $126M | — |
| 2015 | $303M | — | — | $96M | — |
| 2014 | $263M | — | — | $75M | — |
| 2013 | $239M | — | — | $76M | — |
| 2012 | $191M | — | — | $60M | — |
| 2011 | $172M | — | — | $48M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.93B | $777M | $1.15B | $520M | — |
| 2024 | $1.79B | $401M | $1.39B | $544M | — |
| 2023 | $2.02B | $722M | $1.29B | $451M | — |
| 2022 | $1.61B | $527M | $1.08B | $431M | — |
| 2021 | $1.53B | $489M | $1.04B | $507M | — |
| 2020 | $1.33B | $376M | $955M | $461M | — |
| 2019 | $955M | $185M | $770M | $270M | — |
| 2018 | $696M | $88M | $608M | $246M | — |
| 2017 | $581M | $66M | $515M | $167M | — |
| 2016 | $528M | $60M | $468M | $168M | — |
| 2015 | $439M | $48M | $391M | $200M | — |
| 2014 | $380M | $46M | $334M | $169M | — |
| 2013 | $354M | $44M | $310M | $133M | — |
| 2012 | $280M | $37M | $243M | $129M | — |
| 2011 | $349M | $37M | $312M | $170M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $382M | $8M | $374M |
| 2024 | $385M | $10M | $375M |
| 2023 | $334M | $9M | $324M |
| 2022 | $289M | $13M | $276M |
| 2021 | $282M | $17M | $265M |
| 2020 | $404M | $15M | $389M |
| 2019 | $266M | $12M | $254M |
| 2018 | $224M | $36M | $188M |
| 2017 | $168M | $12M | $156M |
| 2016 | $90M | $6M | $83M |
| 2015 | $120M | $5M | $115M |
| 2014 | $110M | $5M | $105M |
| 2013 | $91M | $15M | $76M |
| 2012 | $82M | $5M | $76M |
| 2011 | $65M | $3M | $62M |

Source: [CompaniesByCap](https://companiesbycap.com/company/MKTX)