MARKETAXESS HOLDINGS INC (MKTX) Stock Fundamental Analysis
NASDAQ:MKTX • US57060D1081
179.36 USD
+1.9 (+1.07%)
At close: Feb 13, 2026
179.36 USD
0 (0%)
After Hours: 2/13/2026, 8:26:18 PM
MKTX gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. MKTX scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MKTX has a correct valuation and a medium growth rate. These ratings could make MKTX a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
- MKTX had positive earnings in the past year.
- MKTX had a positive operating cash flow in the past year.
- MKTX had positive earnings in each of the past 5 years.
- Of the past 5 years MKTX 4 years had a positive operating cash flow.
1.2 Ratios
- MKTX has a better Return On Assets (10.90%) than 87.82% of its industry peers.
- MKTX has a better Return On Equity (15.93%) than 80.25% of its industry peers.
- MKTX's Return On Invested Capital of 17.76% is amongst the best of the industry. MKTX outperforms 93.28% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MKTX is significantly above the industry average of 7.23%.
- The last Return On Invested Capital (17.76%) for MKTX is above the 3 year average (17.56%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.9% | ||
| ROE | 15.93% | ||
| ROIC | 17.76% |
ROA(3y)13.92%
ROA(5y)14.84%
ROE(3y)20.41%
ROE(5y)21.83%
ROIC(3y)17.56%
ROIC(5y)19.48%
1.3 Margins
- Looking at the Profit Margin, with a value of 26.16%, MKTX is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
- In the last couple of years the Profit Margin of MKTX has declined.
- MKTX has a Operating Margin of 41.20%. This is in the better half of the industry: MKTX outperforms 74.37% of its industry peers.
- In the last couple of years the Operating Margin of MKTX has declined.
- MKTX's Gross Margin of 88.94% is amongst the best of the industry. MKTX outperforms 93.28% of its industry peers.
- In the last couple of years the Gross Margin of MKTX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.2% | ||
| PM (TTM) | 26.16% | ||
| GM | 88.94% |
OM growth 3Y-3.9%
OM growth 5Y-5.77%
PM growth 3Y-5.77%
PM growth 5Y-7.68%
GM growth 3Y-1.4%
GM growth 5Y-1.35%
2. Health
2.1 Basic Checks
- Compared to 1 year ago, MKTX has less shares outstanding
- The number of shares outstanding for MKTX has been reduced compared to 5 years ago.
- The debt/assets ratio for MKTX is higher compared to a year ago.
2.2 Solvency
- MKTX has an Altman-Z score of 8.63. This indicates that MKTX is financially healthy and has little risk of bankruptcy at the moment.
- MKTX has a Altman-Z score of 8.63. This is amongst the best in the industry. MKTX outperforms 92.86% of its industry peers.
- MKTX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.63 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 2.07 indicates that MKTX has no problem at all paying its short term obligations.
- With a decent Current ratio value of 2.07, MKTX is doing good in the industry, outperforming 74.37% of the companies in the same industry.
- A Quick Ratio of 2.07 indicates that MKTX has no problem at all paying its short term obligations.
- MKTX has a better Quick ratio (2.07) than 74.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 2.07 |
3. Growth
3.1 Past
- MKTX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.07%, which is quite good.
- MKTX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.93% yearly.
- The Revenue has been growing slightly by 3.57% in the past year.
- Measured over the past years, MKTX shows a small growth in Revenue. The Revenue has been growing by 4.19% on average per year.
EPS 1Y (TTM)13.07%
EPS 3Y7.32%
EPS 5Y0.93%
EPS Q2Q%45.09%
Revenue 1Y (TTM)3.57%
Revenue growth 3Y5.62%
Revenue growth 5Y4.19%
Sales Q2Q%1.48%
3.2 Future
- The Earnings Per Share is expected to grow by 9.26% on average over the next years. This is quite good.
- Based on estimates for the next years, MKTX will show a small growth in Revenue. The Revenue will grow by 7.65% on average per year.
EPS Next Y1.63%
EPS Next 2Y6.67%
EPS Next 3Y8.94%
EPS Next 5Y9.26%
Revenue Next Year8.02%
Revenue Next 2Y7.95%
Revenue Next 3Y7.74%
Revenue Next 5Y7.65%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 21.82 indicates a rather expensive valuation of MKTX.
- 65.13% of the companies in the same industry are cheaper than MKTX, based on the Price/Earnings ratio.
- MKTX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.97.
- Based on the Price/Forward Earnings ratio of 21.47, the valuation of MKTX can be described as rather expensive.
- 61.34% of the companies in the same industry are cheaper than MKTX, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 27.96. MKTX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.82 | ||
| Fwd PE | 21.47 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MKTX is valued a bit cheaper than the industry average as 79.41% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, MKTX is valued a bit cheaper than the industry average as 63.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.27 | ||
| EV/EBITDA | 14.7 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MKTX does not grow enough to justify the current Price/Earnings ratio.
- MKTX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)13.37
PEG (5Y)23.58
EPS Next 2Y6.67%
EPS Next 3Y8.94%
5. Dividend
5.1 Amount
- MKTX has a Yearly Dividend Yield of 1.75%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 6.15, MKTX has a dividend in line with its industry peers.
- MKTX's Dividend Yield is comparable with the S&P500 average which is at 1.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
5.2 History
- On average, the dividend of MKTX grows each year by 8.13%, which is quite nice.
- MKTX has been paying a dividend for at least 10 years, so it has a reliable track record.
- MKTX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.13%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
- 52.32% of the earnings are spent on dividend by MKTX. This is a bit on the high side, but may be sustainable.
- MKTX's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP52.32%
EPS Next 2Y6.67%
EPS Next 3Y8.94%
179.36
+1.9 (+1.07%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-06 2026-02-06/bmo
Earnings (Next)05-05 2026-05-05/bmo
Inst Owners99.88%
Inst Owner Change-2.72%
Ins Owners0.73%
Ins Owner Change3.09%
Market Cap6.67B
Revenue(TTM)846.27M
Net Income(TTM)219.53M
Analysts74.74
Price Target200.13 (11.58%)
Short Float %5.66%
Short Ratio3.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
Yearly Dividend2.98
Dividend Growth(5Y)8.13%
DP52.32%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.15%
Min EPS beat(2)0.15%
Max EPS beat(2)6.14%
EPS beat(4)4
Avg EPS beat(4)2.18%
Min EPS beat(4)0.15%
Max EPS beat(4)6.14%
EPS beat(8)8
Avg EPS beat(8)3.67%
EPS beat(12)9
Avg EPS beat(12)2.17%
EPS beat(16)11
Avg EPS beat(16)1.63%
Revenue beat(2)0
Avg Revenue beat(2)-2.12%
Min Revenue beat(2)-2.19%
Max Revenue beat(2)-2.05%
Revenue beat(4)0
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-3.23%
Max Revenue beat(4)-2.05%
Revenue beat(8)0
Avg Revenue beat(8)-2.4%
Revenue beat(12)0
Avg Revenue beat(12)-2.29%
Revenue beat(16)0
Avg Revenue beat(16)-2.27%
PT rev (1m)-1.8%
PT rev (3m)-3.03%
EPS NQ rev (1m)-5.15%
EPS NQ rev (3m)-6.42%
EPS NY rev (1m)-0.32%
EPS NY rev (3m)-0.02%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)-0.16%
Revenue NY rev (1m)-0.42%
Revenue NY rev (3m)-1.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.82 | ||
| Fwd PE | 21.47 | ||
| P/S | 7.94 | ||
| P/FCF | 19.27 | ||
| P/OCF | 16.68 | ||
| P/B | 4.84 | ||
| P/tB | 6.81 | ||
| EV/EBITDA | 14.7 |
EPS(TTM)8.22
EY4.58%
EPS(NY)8.35
Fwd EY4.66%
FCF(TTM)9.31
FCFY5.19%
OCF(TTM)10.75
OCFY6%
SpS22.58
BVpS37.09
TBVpS26.34
PEG (NY)13.37
PEG (5Y)23.58
Graham Number82.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.9% | ||
| ROE | 15.93% | ||
| ROCE | 24.79% | ||
| ROIC | 17.76% | ||
| ROICexc | 26.89% | ||
| ROICexgc | 47.46% | ||
| OM | 41.2% | ||
| PM (TTM) | 26.16% | ||
| GM | 88.94% | ||
| FCFM | 41.23% |
ROA(3y)13.92%
ROA(5y)14.84%
ROE(3y)20.41%
ROE(5y)21.83%
ROIC(3y)17.56%
ROIC(5y)19.48%
ROICexc(3y)27.98%
ROICexc(5y)32.92%
ROICexgc(3y)48.74%
ROICexgc(5y)58.97%
ROCE(3y)24.5%
ROCE(5y)27.18%
ROICexgc growth 3Y-3.29%
ROICexgc growth 5Y-12.86%
ROICexc growth 3Y-7.28%
ROICexc growth 5Y-11.94%
OM growth 3Y-3.9%
OM growth 5Y-5.77%
PM growth 3Y-5.77%
PM growth 5Y-7.68%
GM growth 3Y-1.4%
GM growth 5Y-1.35%
F-Score5
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 76.08% | ||
| Cap/Sales | 6.4% | ||
| Interest Coverage | 402.56 | ||
| Cash Conversion | 96% | ||
| Profit Quality | 157.63% | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 2.07 | ||
| Altman-Z | 8.63 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.07%
EPS 3Y7.32%
EPS 5Y0.93%
EPS Q2Q%45.09%
EPS Next Y1.63%
EPS Next 2Y6.67%
EPS Next 3Y8.94%
EPS Next 5Y9.26%
Revenue 1Y (TTM)3.57%
Revenue growth 3Y5.62%
Revenue growth 5Y4.19%
Sales Q2Q%1.48%
Revenue Next Year8.02%
Revenue Next 2Y7.95%
Revenue Next 3Y7.74%
Revenue Next 5Y7.65%
EBIT growth 1Y2.33%
EBIT growth 3Y1.5%
EBIT growth 5Y-1.82%
EBIT Next Year31.51%
EBIT Next 3Y15.78%
EBIT Next 5Y14%
FCF growth 1Y18.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14%
OCF growth 3YN/A
OCF growth 5YN/A
MARKETAXESS HOLDINGS INC / MKTX FAQ
What is the ChartMill fundamental rating of MARKETAXESS HOLDINGS INC (MKTX) stock?
ChartMill assigns a fundamental rating of 7 / 10 to MKTX.
What is the valuation status of MARKETAXESS HOLDINGS INC (MKTX) stock?
ChartMill assigns a valuation rating of 4 / 10 to MARKETAXESS HOLDINGS INC (MKTX). This can be considered as Fairly Valued.
What is the profitability of MKTX stock?
MARKETAXESS HOLDINGS INC (MKTX) has a profitability rating of 8 / 10.
Can you provide the financial health for MKTX stock?
The financial health rating of MARKETAXESS HOLDINGS INC (MKTX) is 8 / 10.
Can you provide the expected EPS growth for MKTX stock?
The Earnings per Share (EPS) of MARKETAXESS HOLDINGS INC (MKTX) is expected to grow by 1.63% in the next year.