The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

MKTX

Concerning the House

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides automated and algorithmic trading solutions, such as X-Pro, a trading platform to combine trading protocols with its proprietary data and pre-trade analytics; and integrated and actionable data offerings, including CP+ and Axess All, a real-time pricing engine, including Auto-X and portfolio trading. In addition, the company offers various pre-and post-trade services, such as processing, trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. The company was incorporated in 2000 and is headquartered in New York, New York.

United States · www.marketaxess.com

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$846.27M+15.4%
Operating income$315.02M+5.8%
Net income$246.63M+12.5%
Cash from ops$333.77M+16.0%
Quotation

$162.60

· +0.00 (+0.0%)

52w hi$192.55
52w lo$109.09
Vol1.04M
As ofAug 13
The Verdict

Hold

Our score -0.10

Short-0.22
Medium-0.06
Long+0.05

computed 2026-08-13

By the Numbers

MarketAxess Holdings Inc.

Financial Services · Capital Markets

Market cap$5.72B
Enterprise value$5.57B
Trailing P/E19.24x
Forward P/E18.44x
EV / EBITDA12.80x
P / S (ttm)6.58x
Profit margin35.2%
Return on equity23.1%
Revenue growth-0.5%
Earnings growth+1.0%
Debt / equity14.28
Risk Metrics
Beta vs SPX-0.10
Corr SPX-0.05
Annual vol34.6%
Annual ret-12.1%
Sharpe-0.35
Max DD-62.8%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.21
Sector+0.09
Technical-0.09
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$162.60$162.71$162.57$162.601.04M
Aug 12$162.56$162.68$162.52$162.601.16M
Aug 11$162.55$162.67$162.50$162.53980.20K
Aug 10$162.60$162.71$162.48$162.50999.70K
Aug 7$162.65$162.76$162.44$162.53805.70K