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MarketAxess Holdings MKTX
$ 191.84 -0.91%

Annual report 2025
added 02-24-2026

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MarketAxess Holdings Financial Statements 2011-2026 | MKTX

Annual Financial Statements MarketAxess Holdings

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

6.75 B 7.27 B 8.02 B 13.1 B 12.9 B 20.1 B 13.3 B 7.77 B 7.07 B 6.68 B 4.26 B 2.81 B 2.34 B 1.37 B 1.14 B

Shares

37.1 M 37.6 M 37.5 M 37.5 M 37.5 M 37.4 M 37.1 M 37 M 36.9 M 36.8 M 36.7 M 36.9 M 36.9 M 36.5 M 37 M

Historical Prices

182 193 214 351 344 538 350 211 191 181 112 72.2 59 35.1 28.5

Net Income

247 M 274 M 258 M 250 M 258 M 299 M 205 M 173 M 148 M 126 M 96 M 74.8 M 76 M 60.1 M 47.7 M

Revenue

846 M 817 M 753 M 718 M 699 M 689 M 511 M 436 M 397 M 370 M 303 M 263 M 239 M 198 M 181 M

Cost of Revenue

249 M 236 M 207 M 182 M 171 M 157 M 131 M 109 M 102 M 96.6 M 83.9 M 75 M 64.4 M 54.7 M 52.4 M

Gross Profit

- - - - - - 380 M 326 M 295 M 273 M 219 M 188 M 174 M 138 M 122 M

Operating Income

342 M 341 M 315 M 327 M 337 M 375 M 251 M 213 M 200 M 190 M - - - - -

Interest Expense

1.79 M -6.16 M -3.5 M 5.95 M 842 K 1.14 M -1.52 M -610 K -1.47 M -520 K - - - - -

EBITDA

419 M 415 M 386 M 388 M 391 M 411 M 278 M 236 M 221 M 209 M 166 M 136 M 121 M 94.9 M 85.5 M

Operating Expenses

504 M 476 M 438 M 391 M 362 M 314 M 129 M 114 M 93 M 81.5 M 71.3 M 69.2 M 67 M 51.2 M 43.6 M

General and Administrative Expenses

26.6 M 22.7 M 23 M 19.2 M 14.5 M 12.7 M 79.7 M 70.9 M 58.1 M 54.8 M 46.7 M 46.1 M 48.3 M 37.5 M 31.9 M

All numbers in USD currency

Quarterly Income Statement MarketAxess Holdings

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

37 M 37.2 M 37.4 M 37.6 M 37.5 M 37.7 M 37.7 M 37.9 M 37.5 M 37.5 M 37.5 M 37.6 M 37.5 M 37.5 M 37.4 M 37.9 M 37.5 M 37.5 M 37.5 M 38 M 37.4 M 37.3 M 37.3 M 37.9 M 37.1 M 37 M 37 M 37.6 M 37 M 37 M 37 M 37.6 M 36.9 M 36.9 M 36.8 M 37.5 M 36.9 M 36.9 M 36.8 M 37.4 M 36.7 M 36.7 M 36.7 M 37.3 M 36.9 M 37 M 37.1 M 37.7 M 36.9 M 36.9 M 36.8 M - 36.5 M 36.1 M 36.9 M - 37.1 K 36.8 K 36.5 K

Net Income

68.2 M 71.1 M 15.1 M - 71.5 M 64.9 M 72.6 M - 54.9 M 59.9 M 73.6 M - 59.3 M 66.9 M 64.8 M - 58 M 67.3 M 80.5 M - 67.8 M 83.9 M 74.8 M - 54 M 48.1 M 52.5 M - 38.6 M 40.5 M 47.9 M - 34.1 M 38 M 42.5 M - 30.9 M 33.1 M 29 M - 22.7 M 24.2 M 24.6 M - 17.5 M 18.2 M 17.5 M - 18.2 M 19.3 M 15.3 M - 13.5 M 12.6 M 13.5 M - 13.4 M 11.9 M 10.8 M

Revenue

209 M 219 M 209 M - 207 M 198 M 210 M - 172 M 180 M 203 M - 172 M 182 M 186 M - 162 M 176 M 195 M - 164 M 185 M 169 M - 132 M 125 M 124 M - 101 M 107 M 115 M - 96.7 M 97.3 M 103 M - 90.3 M 96.6 M 88.6 M - 74.2 M 75.5 M 76.8 M - 64.2 M 65 M 63.4 M - 61.1 M 63.5 M 53.7 M - 46.4 M 48.8 M 50.7 M - 46.6 M 45.8 M 43.6 M

Cost of Revenue

60 M 65.2 M 61.9 M - 58.4 M 56.8 M 61.3 M - 48.9 M 48.4 M 52.3 M - 44.8 M 45.4 M 47.8 M - 40.9 M 40.7 M 48.1 M - 37.6 M 41.6 M 41.2 M - 32.7 M 32.6 M 32.7 M - 26.3 M 26.2 M 28.8 M - 25.5 M 25.3 M 27.3 M - 23.9 M 25.8 M 24.5 M - 21 M 20.6 M 21.2 M - 18.6 M 18.4 M 18.6 M - 17.9 M 14.7 M 15 M - 13.4 M 15.3 M 15.8 M - 13.7 M 15.1 M 16.3 M

Operating Income

85.6 M 91.9 M 88.4 M - 87.1 M 81.3 M 92.5 M - 66.9 M 75.7 M 95.4 M - 76.3 M 84.8 M 88.1 M - 74 M 87.2 M 103 M - 87.8 M 104 M 91.1 M - 66 M 60.9 M 63.2 M - 46.4 M 52 M 60.2 M - 46.6 M 49 M 55.2 M - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

2.38 M -407 K 527 K - -1.1 M -1.14 M -1.81 M - -1.72 M 53 K 130 K - 138 K 337 K 173 K - 314 K 171 K 191 K - 1.05 M -446 K -656 K - -838 K -64 K 42 K - -250 K -207 K -328 K - -382 K -252 K -298 K - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

105 M 111 M 107 M - 106 M 99.7 M 111 M - 84.5 M 92.7 M 112 M - 91.6 M 100 M 103 M - 113 M 100 M 115 M - 113 M 121 M 99.2 M - 85.1 M 73.3 M 69.3 M - 63.6 M 63.1 M 65.4 M - 60.7 M 58.5 M 59.9 M - 13.5 M 9.22 M 4.68 M - 13.9 M 9.22 M 4.61 M - 4.48 M 8.47 M 4.12 M - 9.3 M 5.75 M 2.57 M - 5.9 M 1.96 M 1.85 M - 1.8 M 1.63 M 1.56 M

Operating Expenses

123 M 128 M 120 M - 120 M 116 M 118 M - 105 M 104 M 108 M - 95.8 M 97.4 M 98 M - 88.1 M 89.2 M 92 M - 76.2 M 80.7 M 77.9 M - 65.6 M 64.6 M 61.3 M - 55 M 54.9 M 54.5 M - 48.9 M 47.3 M 47.8 M - 43.9 M 46.1 M 44.2 M - 38.8 M 38.4 M 38.3 M - 36 M 35.9 M - - - - - - - - - - - - -

General and Administrative Expenses

6.1 M 5.4 M 5.72 M - 5.84 M 4.89 M 4.74 M - 5.15 M 4.78 M 5.76 M - 4.58 M 4.44 M 3.46 M - 3.38 M 3.28 M 3.23 M - 3.47 M 3.25 M 3.13 M - 3.76 M 3.8 M 3.12 M - 2.74 M 2.71 M 2.48 M - 2.94 M 2.59 M 2.35 M - 2.7 M 2.21 M 2.12 M - 3.54 M 3.26 M 2.68 M - 2.58 M 2.34 M 2.2 M - 1.93 M 1.95 M 2.5 M - 2.01 M 2.02 M 2.11 M - 1.74 M 1.81 M 1 M

All numbers in USD currency

Financial statements are the primary tool companies use to inform stakeholders about their financial position, performance, and changes in capital structure. It is a kind of "business language" understood by investors, creditors, tax authorities, and other participants in the economic environment.

Main types of financial statements MarketAxess Holdings MKTX
  1. Income Statement
    Shows income, expenses, and resulting profit or loss over a specific period. Helps assess business profitability.
  2. Balance Sheet
    Reflects a company’s assets, liabilities, and equity as of a specific date. It’s a snapshot of what the company owns and owes.
    Assets — everything the company owns (cash, equipment, buildings, accounts receivable, etc.).
    Liabilities — debts and other external sources of financing.
    Equity — owners' capital and retained earnings.
  3. Cash Flow Statement
    Reveals how the company earns and spends money in three areas: operating, investing, and financing activities.
International reporting standards
  • IFRS — International Financial Reporting Standards, applicable to public and multinational companies.
  • GAAP — Generally Accepted Accounting Principles used in the United States.
  • RAS — Russian Accounting Standards, used domestically in Russia.

Financial reporting MarketAxess Holdings plays a crucial role for investors as it serves as an objective source of information about a company's current state. Based on the reports, one can determine whether a company is growing, stagnating, or losing market share. This allows investors to identify both promising and problematic assets in a timely manner.

In addition, financial data provides a basis for forecasting future returns. Historical trends in revenue, profit, and cash flow help evaluate potential dividends, the likelihood of stock price growth, and overall investment risk.

Transparent and accurate reporting is also an indicator of a company’s maturity and managerial responsibility. Such openness builds investor confidence and simplifies investment decision-making, especially when comparing multiple companies.

Finally, financial statements enable high-quality comparative analysis. They allow companies to be evaluated against each other in terms of profitability, debt levels, margins, and other key metrics — which is particularly important when choosing the best investment options within an industry or market segment.

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HLI
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LPLA
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HGBL
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IBKR
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NMR
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PIPR
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