MarketAxess Holdings Financials

MKTX Stock  USD 216.87  0.95  0.44%   
Based on the key indicators related to MarketAxess Holdings' liquidity, profitability, solvency, and operating efficiency, MarketAxess Holdings is doing better financially today then in previous quarter. It has a moderate odds of reporting better financial numbers in April. At this time, MarketAxess Holdings' Property Plant And Equipment Gross is fairly stable compared to the past year. Total Current Assets is likely to rise to about 1.2 B in 2025, whereas Common Stock Shares Outstanding is likely to drop slightly above 37.4 M in 2025. Key indicators impacting MarketAxess Holdings' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Equity0.210.1974
Notably Up
Slightly volatile
Debt Equity Ratio0.05280.0523
Slightly Up
Slightly volatile
Current Ratio4.194.41
Notably Down
Slightly volatile
The financial analysis of MarketAxess Holdings is a critical element in measuring its lifeblood. Investors should not minimize MarketAxess Holdings' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

287.89 Million

  

MarketAxess Holdings Earnings Geography

Please note, the imprecision that can be found in MarketAxess Holdings' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of MarketAxess Holdings. Check MarketAxess Holdings' Beneish M Score to see the likelihood of MarketAxess Holdings' management manipulating its earnings.

MarketAxess Holdings Stock Summary

MarketAxess Holdings competes with Interactive Brokers, Evercore Partners, PJT Partners, LPL Financial, and Stifel Financial. MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York. Marketaxess Holdings operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 732 people.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS57060D1081
CUSIP57060D108
LocationNew York; U.S.A
Business Address55 Hudson Yards,
SectorCapital Markets
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.marketaxess.com
Phone212 813 6000
CurrencyUSD - US Dollar

MarketAxess Holdings Key Financial Ratios

MarketAxess Holdings Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets1.3B1.5B1.6B2.0B1.8B1.9B
Retained Earnings799.4M957.0M1.1B1.2B1.4B1.5B
Other Assets548.3M1K695.8M(87.4M)760.0M798.0M
Total Liab376.4M489.1M526.7M722.1M400.6M420.6M
Total Current Assets899.1M1.1B1.1B1.4B1.1B1.2B
Intangible Assets95.4M116.4M98.1M119.1M98.1M103.0M
Other Current Liab(44.4M)223.1M239.3M529.0M218.8M229.8M
Other Liab3.5M137.6M229.3M316.3M363.7M381.9M
Net Debt(367.2M)(418.3M)(348.1M)(371.6M)(471.8M)(448.2M)
Accounts Payable44.4M48.7M37.2M32.3M37.3M21.4M
Cash460.9M506.7M430.7M451.3M544.5M571.7M
Net Receivables359.5M403.7M465.9M374.2M341.9M359.0M
Other Current Assets50.1M118.7M139.9M507.4M154.8M162.5M
Treasury Stock(153.4M)(169.5M)(232.7M)(328.3M)(295.5M)(280.7M)
Good Will146.9M147.4M154.8M236.7M272.2M285.8M
Net Tangible Assets562.2M712.3M770.1M828.2M952.5M513.1M
Capital Surpluse342.5M329.7M330.3M345.5M397.3M358.5M
Inventory(19.2M)(24.9M)(88.9M)(99.7M)(89.7M)(85.2M)
Short Term Debt93.6M88.4M82.7M13.1M72.7M68.3M
Net Invested Capital955.1M1.0B1.1B1.3B1.4B1.1B

MarketAxess Holdings Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
202020212022202320242025 (projected)
Interest Expense1.1M842K700K2.0M1.6M956.7K
Total Revenue689.1M699.0M718.3M752.5M817.1M858.0M
Gross Profit532.2M528.0M536.2M482.9M566.5M594.9M
Operating Income374.7M337.2M326.9M315.0M340.9M357.9M
Ebit103.2M33.7M2.1M318.7M358.9M376.9M
Ebitda417.6M397.5M394.0M395.1M432.8M454.4M
Income Before Tax374.4M333.9M338.3M332.7M360.5M378.6M
Net Income299.4M257.9M250.2M258.1M274.2M287.9M
Income Tax Expense75.0M76.0M88.1M74.6M86.4M43.2M
Cost Of Revenue156.9M170.9M182.1M269.6M250.6M263.1M
Research Development0.50.540.486.7M0.440.51
Tax Provision75.0M76.0M88.1M80.7M86.4M74.2M

MarketAxess Holdings Key Cash Accounts

Cash flow analysis captures how much money flows into and out of MarketAxess Holdings. It measures of how well MarketAxess is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money MarketAxess Holdings brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money MarketAxess had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what MarketAxess Holdings has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
202020212022202320242025 (projected)
Change In Cash333.8M17.5M(52.9M)39.0M88.8M93.2M
Free Cash Flow358.9M231.5M237.4M281.3M375.3M394.1M
Depreciation42.8M60.2M67.2M76.4M80.5M84.5M
Other Non Cash Items(550K)(466K)(8.2M)1.6M8.3M8.7M
Capital Expenditures45.6M50.6M51.9M52.4M9.9M9.4M
Net Income299.4M257.9M250.2M258.1M274.2M287.9M
End Period Cash Flow608.1M625.6M572.7M611.7M700.5M735.5M
Change To Inventory(826K)(1.2M)76.4M(16.0M)(18.4M)(19.3M)
Dividends Paid90.6M99.8M105.9M109.7M112.7M62.5M
Investments137.8M(67.7M)(34.4M)(81.7M)(86.9M)(82.6M)
Change Receivables(3.0M)(200.9M)(141.3M)(62.8M)(56.5M)(59.3M)
Change To Netincome31.2M103.1M22.1M(23.8M)(27.4M)(26.0M)

MarketAxess Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining MarketAxess Holdings's current stock value. Our valuation model uses many indicators to compare MarketAxess Holdings value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across MarketAxess Holdings competition to find correlations between indicators driving MarketAxess Holdings's intrinsic value. More Info.
MarketAxess Holdings is rated below average in return on equity category among its peers. It is regarded third in return on asset category among its peers reporting about  0.55  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for MarketAxess Holdings is roughly  1.83 . At this time, MarketAxess Holdings' Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the MarketAxess Holdings' earnings, one of the primary drivers of an investment's value.

MarketAxess Holdings' Earnings Breakdown by Geography

MarketAxess Holdings Systematic Risk

MarketAxess Holdings' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. MarketAxess Holdings volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on MarketAxess Holdings correlated with the market. If Beta is less than 0 MarketAxess Holdings generally moves in the opposite direction as compared to the market. If MarketAxess Holdings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one MarketAxess Holdings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of MarketAxess Holdings is generally in the same direction as the market. If Beta > 1 MarketAxess Holdings moves generally in the same direction as, but more than the movement of the benchmark.

MarketAxess Holdings Thematic Clasifications

MarketAxess Holdings is part of Investing investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Money and asset management including investment banking. Companies involved in money management and investment banking services
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This theme covers Money and asset management including investment banking. Companies involved in money management and investment banking services. Get More Thematic Ideas
Today, most investors in MarketAxess Holdings Stock are looking for potential investment opportunities by analyzing not only static indicators but also various MarketAxess Holdings' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of MarketAxess Holdings growth as a starting point in their analysis.

Price Earnings To Growth Ratio

5.32

At this time, MarketAxess Holdings' Price Earnings To Growth Ratio is fairly stable compared to the past year.

MarketAxess Holdings March 23, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of MarketAxess Holdings help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of MarketAxess Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of MarketAxess Holdings based on widely used predictive technical indicators. In general, we focus on analyzing MarketAxess Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build MarketAxess Holdings's daily price indicators and compare them against related drivers.

Additional Tools for MarketAxess Stock Analysis

When running MarketAxess Holdings' price analysis, check to measure MarketAxess Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MarketAxess Holdings is operating at the current time. Most of MarketAxess Holdings' value examination focuses on studying past and present price action to predict the probability of MarketAxess Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MarketAxess Holdings' price. Additionally, you may evaluate how the addition of MarketAxess Holdings to your portfolios can decrease your overall portfolio volatility.