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MARKETAXESS HOLDINGS INC

MKTX

$165.51 ▼ -0.10 (-0.06%) at close

18 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

MARKETAXESS HOLDINGS INC shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $6.1B

Dividend Yield 1.84%

Revenue Growth 3.6% ↘

Op. Margin 40.4% ↘

ROIC 20.1% ↗

FCF / Share $10.09 →

Trailing P/E 24.9x

Price / Book 5.2x

FCF Yield 6.1%

Debt / Equity 0.19

info Valuation on last close. End-of-day price, Nov 5, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$846.27M

↑ +3.6% —

Net Income Profit after all expenses

$246.63M

↓ -10.0% —

Operating Margin Operating profit as % of sales

40.4%

↓ -3.2% 94th

FCF / Share Free cash flow per share

$10.09

↑ +1.1% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↓

Returns ↓

Financial Health ↑

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$3.04 Latest / share

+2.7% YoY

+15.2% 12-yr CAGR

$0.64

FY 2014

$0.80

FY 2015

$1.04

FY 2016

$1.32

FY 2017

$1.68

FY 2018

$2.04

FY 2019

$2.40

FY 2020

$2.64

FY 2021

$2.80

FY 2022

$2.88

FY 2023

$2.96

FY 2024

$3.04

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	3.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-40%)	8.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+43%)	4.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-21%)	2.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-54%)	1.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-76%)	34.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+479%)	17.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+190%)	10.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+79%)	6.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+6%)	22.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+267%)	15.3% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+156%)	10.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+68%)	20.4% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+241%)	9.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+57%)	23.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+297%)	27.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+363%)	—	—
EPS Growth YoY (%)	-8.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	6.1% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	2.8% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-2.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-14.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	44.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	18.2% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	16.4% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	17.5% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	30.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	29.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-1.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	24.8% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	27.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	50.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	95.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-10.0% Weak ↓ Weak Declining Year-over-year change in net income	6.2% Fair ↑ Fair Improving Year-over-year change in net income	3.1% Caution ↓ Caution Declining Year-over-year change in net income	-3.0% Weak ↓ Weak Declining Year-over-year change in net income	-13.9% Weak ↓ Weak Declining Year-over-year change in net income	46.1% Excellent ↑ Excellent Improving Year-over-year change in net income	18.5% Good ↓ Good Declining Year-over-year change in net income	16.7% Good ↓ Good Declining Year-over-year change in net income	17.4% Good ↓ Good Declining Year-over-year change in net income	31.4% Excellent ↑ Excellent Improving Year-over-year change in net income	28.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-1.6% Weak ↓ Weak Declining Year-over-year change in net income	26.5% Excellent ↓ Excellent Declining Year-over-year change in net income	25.9% Excellent ↓ Excellent Declining Year-over-year change in net income	51.8% Excellent Excellent Year-over-year change in net income	95.2% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	1.1% Caution ↓ Caution Declining Year-over-year change in free cash flow	15.5% Good ↑ Good Improving Year-over-year change in free cash flow	17.3% Good ↑ Good Improving Year-over-year change in free cash flow	4.5% Caution ↓ Caution Declining Year-over-year change in free cash flow	-32.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	52.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	34.4% Excellent Excellent Year-over-year change in free cash flow	20.3% Good Good Year-over-year change in free cash flow	—	—	10.3% Fair ↓ Fair Declining Year-over-year change in free cash flow	39.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-2.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	24.3% Good → Good Stable Year-over-year change in free cash flow	-5.3% Weak Weak Year-over-year change in free cash flow	53.9% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	5.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	5.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	3.0% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	12.0% Good ↓ Good Declining Compound annual revenue growth over 3 years	17.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	20.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	11.4% Good ↓ Good Declining Compound annual revenue growth over 3 years	12.8% Good ↓ Good Declining Compound annual revenue growth over 3 years	14.4% Good → Good Stable Compound annual revenue growth over 3 years	15.7% Excellent → Excellent Stable Compound annual revenue growth over 3 years	15.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	13.2% Good ↓ Good Declining Compound annual revenue growth over 3 years	17.7% Excellent Excellent Compound annual revenue growth over 3 years	20.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	4.2% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	9.8% Good ↓ Good Declining Compound annual revenue growth over 5 years	11.6% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	13.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	14.2% Excellent → Excellent Stable Compound annual revenue growth over 5 years	12.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	14.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	15.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	15.7% Excellent Excellent Compound annual revenue growth over 5 years	18.1% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-0.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	1.9% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-5.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	6.5% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	13.7% Good ↓ Good Declining Compound annual EPS growth over 3 years	25.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	17.4% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	21.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	25.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	18.4% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	16.7% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	16.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	33.8% Excellent Excellent Compound annual EPS growth over 3 years	55.4% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	40.4% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	41.7% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+67%)	41.9% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+67%)	45.5% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+82%)	48.2% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+93%)	54.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+118%)	49.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+96%)	48.8% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+95%)	50.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+103%)	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	32.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.4% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.0% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.8% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.0% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.6% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.1% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.1% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.9% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—
Profit Margin (%) (%)	29.1% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+32%)	33.6% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+53%)	34.3% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+56%)	34.8% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+58%)	36.9% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+68%)	43.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	40.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+82%)	39.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+80%)	37.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+71%)	34.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	31.7% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+44%)	28.5% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	31.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+45%)	30.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+38%)	26.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	21.5% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	14.1% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	—
FCF Margin (%) (%)	44.2% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	45.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	43.1% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	38.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	37.9% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	56.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	49.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	43.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	39.6% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	—	38.1% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	40.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	31.6% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	38.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	34.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	40.3% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	33.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.52x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.37x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.26x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.10x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.24x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.09x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.05x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	—	1.20x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.41x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.99x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.27x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.31x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.88x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	2.39x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	20.1% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	18.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	18.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	22.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	25.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	31.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	25.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	27.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	28.5% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	—	—	—	—
Return on Capital (%) (%)	17.7% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	19.1% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	15.6% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	20.3% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	22.0% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	28.1% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	26.3% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	30.6% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	34.3% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	21.5% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+79%)	19.7% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+65%)	20.0% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+66%)	23.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+93%)	24.8% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+106%)	31.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+161%)	26.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+122%)	28.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+137%)	28.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+140%)	27.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+125%)	24.6% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+105%)	22.4% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+87%)	24.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+104%)	24.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+106%)	15.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+27%)	13.4% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+12%)	7.4% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-38%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.19x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-84%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	474.12x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	198.53x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	158.86x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	466.97x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	400.52x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	328.13x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$-299.73M	$-544.48M	$-451.28M	$-430.75M	$-506.74M	$-460.86M	$-270.12M	$-246.32M	$-167.01M	$-168.24M	$-199.73M	$-168.92M	$-132.69M	$-128.91M	$-169.62M	$-124.99M	$-103.34M	$-107.32M
Debt / EBITDA (x)	0.64x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$22.84	$21.73	$20.04	$19.17	$18.63	$18.45	$13.79	$11.79	$10.67	$10.04	$8.26	$7.12	$6.47	$5.43	$4.89	$4.41	$3.44	—
Basic EPS, GAAP (USD)	$6.66	$7.29	$6.87	$6.68	$6.88	$8.01	$5.53	$4.68	$4.02	$3.42	$2.62	$2.03	$2.06	$1.65	$1.29	$0.86	$0.44	—
Free Cash Flow per Share (USD)	$10.09	$9.98	$8.64	$7.37	$7.05	$10.43	$6.84	$5.09	$4.23	—	$3.15	$2.85	$2.05	$2.09	$1.68	$1.78	$1.15	—
Dividend per Share (USD)	$3.04	$2.96	$2.88	$2.80	$2.64	$2.40	$2.04	$1.68	$1.32	$1.04	$0.80	$0.64	$0.52	$1.74	$0.36	$0.28	$0.07	—
Book Value per Share (USD)	$32.02	$36.89	$34.12	$28.72	$27.46	$25.13	$20.30	$16.15	$13.68	$12.47	$10.44	$8.96	$8.41	$6.65	$8.44	$7.07	$6.51	—
Tangible Book Value per Share (USD)	$21.00	$27.99	$24.73	$22.00	$20.31	$18.74	$14.82	$14.48	$13.68	$12.47	$10.44	$8.96	$7.71	$5.78	$7.58	$7.07	$6.51	—
Basic Weighted Avg Shares (shares)	37.06M	37.60M	37.55M	37.47M	37.51M	37.36M	37.08M	36.96M	36.86M	36.84M	36.69M	36.93M	36.89M	36.52M	37.01M	33.16M	33.26M	—
Dividend Payout Ratio (%)	45.6% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	40.6% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	41.9% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	41.9% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	38.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	30.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	36.9% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	35.9% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	32.8% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	30.4% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	30.5% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	31.5% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	25.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	105.5% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	27.9% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	32.6% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	15.9% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Total Equity (USD)	$1.15B	$1.39B	$1.29B	$1.08B	$1.04B	$955.06M	$770.09M	$607.88M	$514.77M	$468.01M	$390.71M	$334.21M	$310.36M	$242.72M	$312.44M	$234.48M	$216.50M	$194.49M

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$846.27M	$817.10M	$752.55M	$718.30M	$698.95M	$689.12M	$511.35M	$435.56M	$393.42M	$369.92M	$303.10M	$262.77M	$238.73M	$198.20M	$181.10M	$146.23M	$114.44M	—
Net Income, GAAP (USD)	$246.63M	$274.18M	$258.06M	$250.22M	$257.89M	$299.38M	$204.90M	$172.85M	$148.09M	$126.17M	$96.04M	$74.81M	$76.02M	$60.07M	$47.70M	$31.43M	$16.10M	—
Operating Cash Flow (USD)	$382.14M	$385.24M	$333.77M	$289.23M	$282.09M	$404.49M	$265.94M	$223.92M	$168.03M	—	$120.20M	$109.95M	$90.88M	$81.58M	$65.48M	$64.15M	$43.33M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 18 years · 68 quarters

MARKETAXESS HOLDINGS INC

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18-Year Financial Trajectory

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