MarketAxess Holdings Inc.(MKTX) Stock Research - Grey Stern Research
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MarketAxess Holdings Inc. (MKTX) Stock Analysis

$225.89 (1.77%)

MKTX Financial Performance


Use the table below to view MarketAxess Holdings Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $225.89 -
52 Week Low $192.42 -
52 Week High $296.68 -
Market Cap $8.5 Billion 7/12
Gross Margin 61% 6/12
Profit Margin 35% 3/12
EBITDA margin 54% 1/12
Q3 - 2024 Revenue $206.7 Million 12/12
Q3 - 2024 Earnings $71.5 Million 8/12
Q3 - 2024 Free Cash Flow $127.3 Million 6/12
Trailing 4 Quarters Revenue $812.9 Million 12/12
Trailing 4 Quarters Earnings $278.7 Million 7/12
Quarterly Earnings Growth 30% 10/12
Annual Earnings Growth 19% 8/12
Quarterly Revenue Growth 20% 8/12
Annual Revenue Growth 14% 9/12
Cash On Hand $446.3 Million 7/12
Short Term Debt $75.1 Million 4/12
Long Term Debt $75.1 Million 3/12

MarketAxess Holdings Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare MarketAxess Holdings Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 30.56 6/12
PS 10.48 1/12
PB 6.14 7/12
PC 19.08 3/12
Liabilities to Equity 0.32 9/12
ROA 0.15 1/12
ROE 0.20 6/12
Current Ratio 4.10 1/12
Quick Ratio 1.00 2/12
Long Term Debt to Equity 0.05 3/12
Debt to Equity 0.05 5/12
Burn Rate -8.98 7/12
Cash to Cap 0.05 8/12
CCR 1.78 8/12
EV to EBITDA 73.20 6/12
EV to Revenue 10.02 1/12

Company Details

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.

CEO: Mr. Richard McVey

Website: https://www.marketaxess.com

Address: 55 Hudson Yards Fl 15 New York City, NEW YORK

Exchange: NASDAQ Global Select

Industry: Capital Markets

MarketAxess Holdings Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to MarketAxess Holdings Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Evercore Inc. EVR $10.9 Billion
LPL Financial Holdings Inc. LPLA $26.7 Billion
Lazard Ltd LAZ $4.7 Billion
Moelis & Company MC $5.5 Billion
Raymond James Financial, Inc. RJF $34.9 Billion
Stifel Financial Corp. SF $11.8 Billion
Houlihan Lokey, Inc. HLI $13.0 Billion
Interactive Brokers Group, Inc. IBKR $22.8 Billion
PJT Partners Inc. PJT $6.4 Billion
Piper Sandler Companies PIPR $5.5 Billion
Perella Weinberg Partners PWP $2.4 Billion
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Income Statement
Balance Sheet
Cash Flow Statement
MKTX Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 206.7 Million $71.5 Million
Q2 2024 $ 197.2 Million $64.9 Million
Q1 2024 $ 211.7 Million $72.6 Million
Q4 2023 $ 197.2 Million $69.6 Million
Q3 2023 $ 172.3 Million $54.9 Million
Q2 2023 $ 179.8 Million $59.9 Million
Q1 2023 $ 203.2 Million $73.6 Million
Q4 2022 $ 177.9 Million $59.2 Million

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MKTX Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $446.3 Million $1.8 Billion $75.1 Million $1.4 Billion
Q2 2024 $480.2 Million $1.9 Billion $85.2 Million $1.3 Billion
Q1 2024 $422.3 Million $1.9 Billion $78.1 Million $1.3 Billion
Q4 2023 $451.3 Million $2.0 Billion $0 $1.3 Billion
Q3 2023 $420.5 Million $1.7 Billion $79.2 Million $1.2 Billion
Q2 2023 $396.5 Million $1.6 Billion $79.9 Million $1.2 Billion
Q1 2023 $332.8 Million $1.6 Billion $81.3 Million $1.1 Billion
Q4 2022 $430.7 Million $1.6 Billion $82.7 Million $1.1 Billion

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MKTX Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $127.3 Million $23.6 Million $25.2 Million
Q2 2024 $91.8 Million -$18.2 Million $57.9 Million
Q1 2024 -$19.8 Million -$15.2 Million -$74.1 Million
Q4 2023 $130.1 Million -$13.4 Million $23.3 Million
Q3 2023 $0 $0 $0
Q2 2023 $104.3 Million -$1.1 Million $104.3 Million
Q1 2023 -$3.4 Million -$10.9 Million -$70.0 Million
Q4 2022 $116.1 Million -$18.1 Million $103.8 Million

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