MarketAxess Holdings Inc. (MKTX)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 689 | 701 | 719 | 751 | 818 | 849 | 870 | 895 |
| Operating profit | $m | 350 | 352 | ||||||
| Net profit | $m | 299 | 258 | 250 | 258 | 274 | 247 | 306 | 293 |
| EPS reported | $ | 6.66 | 8.48 | ||||||
| Operating cashflow per share | $ | 10.38 | 5.69 | ||||||
| Capex per share | $ | 0.22 | 1.15 | ||||||
| FCF per share | $ | 10.16 | 4.54 | ||||||
| Free cash flow | $m | 374 | 160 | ||||||
| Net debt | $m | -348 | -130 | ||||||
| Book value equity | $m | 1,146 | 1,239 | ||||||
| Book value per share | $ | 31.12 | 35.15 | ||||||
| Number of shares | m | 36.81 | 35.24 | ||||||
| DPS (TTM paid) | $ | 3.04 | 3.10 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 27.21 | 19.36 | ||||||
| P/B LTM | x | 5.82 | 5.39 | ||||||
| P/S LTM | x | 7.86 | 7.67 | ||||||
| P/FCF LTM | x | 17.84 | 41.72 | ||||||
| EV/EBITDA LTM | x | 14.22 | 14.31 | ||||||
| EV/Sales LTM | x | 7.58 | 6.50 | ||||||
| Earnings Yield LTM | % | +3.68% | +5.17% | ||||||
| FCF Yield | % | +5.60% | +2.40% | ||||||
| Quality | |||||||||
| ROE | % | +21.53% | +24.74% | ||||||
| ROIC | % | +16.31% | +19.93% | ||||||
| Operating margin | % | +41.21% | +40.51% | ||||||
| Gross margin | % | +69.88% | +67.52% | ||||||
| FCF/Sales | % | +44.03% | +18.39% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -8.52% | +16.48% | ||||||
| Sales Growth YoY | % | +3.82% | +6.34% | ||||||
| Net Income Growth YoY | % | -10.05% | +11.75% | ||||||
| FCF Growth | % | +13.77% | -51.34% | ||||||
| Operating Profit Growth | % | +3.27% | +3.97% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +1.73% | +1.89% | ||||||
| Dividend Growth | % | +2.70% | +4.73% | ||||||
| Payout Ratio | % | +46.99% | +37.00% | ||||||
| FCF/Debt | x | 1.31 | 0.89 | ||||||
| Net Debt/EBITDA | x | -0.52 | -0.15 | ||||||
| EBIT/Net interest | x | 235.35 | 59.87 | ||||||
| Net debt/market cap | % | +3.30% | +2.03% | ||||||
| Net debt/Equity | x | -0.30 | -0.10 | ||||||
| Gross debt/equity | x | 0.25 | 0.14 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
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.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
MarketAxess Holdings Inc. (MKTX)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
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.
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