Subject of the day
MKTX
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.
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $846.27M | +15.4% | |
| Operating income | $315.02M | +5.8% | |
| Net income | $246.63M | +12.5% | |
| Cash from ops | $333.77M | +16.0% |
$162.60
· +0.00 (+0.0%)
| 52w hi | $192.55 |
|---|---|
| 52w lo | $109.09 |
| Vol | 1.04M |
| As of | Aug 13 |
Our score -0.10
| Short | -0.22 |
|---|---|
| Medium | -0.06 |
| Long | +0.05 |
computed 2026-08-13
MarketAxess Holdings Inc.
Financial Services · Capital Markets
| Market cap | $5.72B |
|---|---|
| Enterprise value | $5.57B |
| Trailing P/E | 19.24x |
| Forward P/E | 18.44x |
| EV / EBITDA | 12.80x |
| P / S (ttm) | 6.58x |
| Profit margin | 35.2% |
| Return on equity | 23.1% |
| Revenue growth | -0.5% |
| Earnings growth | +1.0% |
| Debt / equity | 14.28 |
| Beta vs SPX | -0.10 |
|---|---|
| Corr SPX | -0.05 |
| Annual vol | 34.6% |
| Annual ret | -12.1% |
| Sharpe | -0.35 |
| Max DD | -62.8% |
Window: 504 trading days (504 obs)
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.21 | |
| Sector | +0.09 | |
| Technical | -0.09 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-08-13
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Aug 13 | $162.60 | $162.71 | $162.57 | $162.60 | 1.04M |
| Aug 12 | $162.56 | $162.68 | $162.52 | $162.60 | 1.16M |
| Aug 11 | $162.55 | $162.67 | $162.50 | $162.53 | 980.20K |
| Aug 10 | $162.60 | $162.71 | $162.48 | $162.50 | 999.70K |
| Aug 7 | $162.65 | $162.76 | $162.44 | $162.53 | 805.70K |