MARKETAXESS HOLDINGS INC (MKTX) Stock Fundamental Analysis

NASDAQ:MKTX • US57060D1081

193.29 USD
+1.24 (+0.65%)
Last: Mar 3, 2026, 02:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, MKTX scores 6 out of 10 in our fundamental rating. MKTX was compared to 238 industry peers in the Capital Markets industry. Both the health and profitability get an excellent rating, making MKTX a very profitable company, without any liquidiy or solvency issues. MKTX is quite expensive at the moment. It does show a decent growth rate. These ratings could make MKTX a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

8

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.
  • Each year in the past 5 years MKTX has been profitable.
  • MKTX had a positive operating cash flow in each of the past 5 years.
MKTX Yearly Net Income VS EBIT VS OCF VS FCFMKTX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

1.2 Ratios

  • MKTX's Return On Assets of 12.75% is amongst the best of the industry. MKTX outperforms 88.24% of its industry peers.
  • Looking at the Return On Equity, with a value of 21.53%, MKTX belongs to the top of the industry, outperforming 86.97% of the companies in the same industry.
  • MKTX's Return On Invested Capital of 17.71% is amongst the best of the industry. MKTX outperforms 92.86% 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 7.32%.
  • The 3 year average ROIC (17.56%) for MKTX is below the current ROIC(17.71%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 12.75%
ROE 21.53%
ROIC 17.71%
ROA(3y)13.63%
ROA(5y)14.66%
ROE(3y)20.41%
ROE(5y)21.83%
ROIC(3y)17.56%
ROIC(5y)19.48%
MKTX Yearly ROA, ROE, ROICMKTX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • MKTX has a Profit Margin of 29.14%. This is in the better half of the industry: MKTX outperforms 70.59% of its industry peers.
  • MKTX's Profit Margin has declined in the last couple of years.
  • The Operating Margin of MKTX (40.39%) is better than 72.69% of its industry peers.
  • MKTX's Operating Margin has declined in the last couple of years.
  • With an excellent Gross Margin value of 88.83%, MKTX belongs to the best of the industry, outperforming 93.28% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MKTX has remained more or less at the same level.
Industry RankSector Rank
OM 40.39%
PM (TTM) 29.14%
GM 88.84%
OM growth 3Y-3.83%
OM growth 5Y-5.73%
PM growth 3Y-5.82%
PM growth 5Y-7.7%
GM growth 3Y-1.38%
GM growth 5Y-1.34%
MKTX Yearly Profit, Operating, Gross MarginsMKTX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • The number of shares outstanding for MKTX has been reduced compared to 1 year ago.
  • MKTX has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for MKTX is higher compared to a year ago.
MKTX Yearly Shares OutstandingMKTX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
MKTX Yearly Total Debt VS Total AssetsMKTX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • MKTX has an Altman-Z score of 7.97. This indicates that MKTX is financially healthy and has little risk of bankruptcy at the moment.
  • MKTX's Altman-Z score of 7.97 is amongst the best of the industry. MKTX outperforms 91.60% of its industry peers.
  • The Debt to FCF ratio of MKTX is 0.68, which is an excellent value as it means it would take MKTX, only 0.68 years of fcf income to pay off all of its debts.
  • MKTX's Debt to FCF ratio of 0.68 is amongst the best of the industry. MKTX outperforms 90.76% of its industry peers.
  • MKTX has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of MKTX (0.19) is better than 74.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.68
Altman-Z 7.97
ROIC/WACCN/A
WACCN/A
MKTX Yearly LT Debt VS Equity VS FCFMKTX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • MKTX has a Current Ratio of 2.19. This indicates that MKTX is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of MKTX (2.19) is better than 74.37% of its industry peers.
  • MKTX has a Quick Ratio of 2.19. This indicates that MKTX is financially healthy and has no problem in meeting its short term obligations.
  • MKTX's Quick ratio of 2.19 is fine compared to the rest of the industry. MKTX outperforms 74.79% of its industry peers.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 2.19
MKTX Yearly Current Assets VS Current LiabilitesMKTX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

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.
  • Looking at the last year, MKTX shows a small growth in Revenue. The Revenue has grown by 3.57% in the last year.
  • The Revenue has been growing slightly by 4.23% on average over the past years.
EPS 1Y (TTM)13.07%
EPS 3Y7.32%
EPS 5Y0.93%
EPS Q2Q%45.09%
Revenue 1Y (TTM)3.57%
Revenue growth 3Y5.67%
Revenue growth 5Y4.23%
Sales Q2Q%1.48%

3.2 Future

  • MKTX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.26% yearly.
  • 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 Year7.57%
Revenue Next 2Y7.39%
Revenue Next 3Y7.65%
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.
MKTX Yearly Revenue VS EstimatesMKTX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B
MKTX Yearly EPS VS EstimatesMKTX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.51, MKTX is valued on the expensive side.
  • Based on the Price/Earnings ratio, MKTX is valued a bit more expensive than the industry average as 68.07% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 27.13, MKTX is valued at the same level.
  • The Price/Forward Earnings ratio is 23.14, which indicates a rather expensive current valuation of MKTX.
  • MKTX's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MKTX is more expensive than 62.18% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.11, MKTX is valued at the same level.
Industry RankSector Rank
PE 23.51
Fwd PE 23.14
MKTX Price Earnings VS Forward Price EarningsMKTX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 76.89% of the companies in the same industry are more expensive than MKTX, based on the Enterprise Value to EBITDA ratio.
  • 62.60% of the companies in the same industry are more expensive than MKTX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 22.17
EV/EBITDA 16.34
MKTX Per share dataMKTX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
  • The excellent profitability rating of MKTX may justify a higher PE ratio.
PEG (NY)14.41
PEG (5Y)25.41
EPS Next 2Y6.67%
EPS Next 3Y8.94%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • MKTX has a Yearly Dividend Yield of 1.69%.
  • MKTX's Dividend Yield is slightly below the industry average, which is at 6.45.
  • MKTX's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.69%

5.2 History

  • The dividend of MKTX has a limited annual growth rate of 5.62%.
  • MKTX has been paying a dividend for at least 10 years, so it has a reliable track record.
  • MKTX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.62%
Div Incr Years11
Div Non Decr Years11
MKTX Yearly Dividends per shareMKTX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • MKTX pays out 46.71% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • MKTX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP46.71%
EPS Next 2Y6.67%
EPS Next 3Y8.94%
MKTX Yearly Income VS Free CF VS DividendMKTX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
MKTX Dividend Payout.MKTX Dividend Payout, showing the Payout Ratio.MKTX Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

MARKETAXESS HOLDINGS INC

NASDAQ:MKTX (3/3/2026, 2:29:38 PM)

193.29

+1.24 (+0.65%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-06
Earnings (Next)05-05
Inst Owners99.88%
Inst Owner Change0.51%
Ins Owners0.73%
Ins Owner Change5.6%
Market Cap7.18B
Revenue(TTM)846.27M
Net Income(TTM)246.63M
Analysts74.74
Price Target197.37 (2.11%)
Short Float %5.01%
Short Ratio2.95
Dividend
Industry RankSector Rank
Dividend Yield 1.69%
Yearly Dividend3.14
Dividend Growth(5Y)5.62%
DP46.71%
Div Incr Years11
Div Non Decr Years11
Ex-Date02-18
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.82%
Min EPS beat(2)6.14%
Max EPS beat(2)49.5%
EPS beat(4)4
Avg EPS beat(4)14.29%
Min EPS beat(4)0.15%
Max EPS beat(4)49.5%
EPS beat(8)8
Avg EPS beat(8)7.52%
EPS beat(12)10
Avg EPS beat(12)6.33%
EPS beat(16)12
Avg EPS beat(16)5.07%
Revenue beat(2)0
Avg Revenue beat(2)-3.77%
Min Revenue beat(2)-5.49%
Max Revenue beat(2)-2.05%
Revenue beat(4)0
Avg Revenue beat(4)-3.06%
Min Revenue beat(4)-5.49%
Max Revenue beat(4)-2.05%
Revenue beat(8)0
Avg Revenue beat(8)-2.83%
Revenue beat(12)0
Avg Revenue beat(12)-2.62%
Revenue beat(16)0
Avg Revenue beat(16)-2.54%
PT rev (1m)-1.68%
PT rev (3m)-5%
EPS NQ rev (1m)4.49%
EPS NQ rev (3m)4.74%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)-0.08%
Revenue NQ rev (1m)0.72%
Revenue NQ rev (3m)1.41%
Revenue NY rev (1m)-0.45%
Revenue NY rev (3m)-1.39%
Valuation
Industry RankSector Rank
PE 23.51
Fwd PE 23.14
P/S 8.49
P/FCF 22.17
P/OCF 18.8
P/B 6.27
P/tB 9.56
EV/EBITDA 16.34
EPS(TTM)8.22
EY4.25%
EPS(NY)8.35
Fwd EY4.32%
FCF(TTM)8.72
FCFY4.51%
OCF(TTM)10.28
OCFY5.32%
SpS22.77
BVpS30.82
TBVpS20.21
PEG (NY)14.41
PEG (5Y)25.41
Graham Number75.5
Profitability
Industry RankSector Rank
ROA 12.75%
ROE 21.53%
ROCE 24.71%
ROIC 17.71%
ROICexc 28.37%
ROICexgc 52.2%
OM 40.39%
PM (TTM) 29.14%
GM 88.84%
FCFM 38.3%
ROA(3y)13.63%
ROA(5y)14.66%
ROE(3y)20.41%
ROE(5y)21.83%
ROIC(3y)17.56%
ROIC(5y)19.48%
ROICexc(3y)27.96%
ROICexc(5y)32.9%
ROICexgc(3y)48.62%
ROICexgc(5y)58.89%
ROCE(3y)24.5%
ROCE(5y)27.18%
ROICexgc growth 3Y-3.52%
ROICexgc growth 5Y-12.99%
ROICexc growth 3Y-7.35%
ROICexc growth 5Y-11.98%
OM growth 3Y-3.83%
OM growth 5Y-5.73%
PM growth 3Y-5.82%
PM growth 5Y-7.7%
GM growth 3Y-1.38%
GM growth 5Y-1.34%
F-Score4
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.68
Debt/EBITDA 0.53
Cap/Depr 75.64%
Cap/Sales 6.86%
Interest Coverage 474.12
Cash Conversion 91.3%
Profit Quality 131.42%
Current Ratio 2.19
Quick Ratio 2.19
Altman-Z 7.97
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)75.53%
Cap/Depr(5y)81.18%
Cap/Sales(3y)6.91%
Cap/Sales(5y)7.04%
Profit Quality(3y)120.1%
Profit Quality(5y)108.98%
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 3Y5.67%
Revenue growth 5Y4.23%
Sales Q2Q%1.48%
Revenue Next Year7.57%
Revenue Next 2Y7.39%
Revenue Next 3Y7.65%
Revenue Next 5Y7.65%
EBIT growth 1Y0.28%
EBIT growth 3Y1.63%
EBIT growth 5Y-1.75%
EBIT Next Year30.18%
EBIT Next 3Y15.18%
EBIT Next 5Y14%
FCF growth 1Y-1.38%
FCF growth 3Y10.95%
FCF growth 5Y-2.02%
OCF growth 1Y-0.8%
OCF growth 3Y9.73%
OCF growth 5Y-1.13%

MARKETAXESS HOLDINGS INC / MKTX FAQ

What is the ChartMill fundamental rating of MARKETAXESS HOLDINGS INC (MKTX) stock?

ChartMill assigns a fundamental rating of 6 / 10 to MKTX.


What is the valuation status of MARKETAXESS HOLDINGS INC (MKTX) stock?

ChartMill assigns a valuation rating of 3 / 10 to MARKETAXESS HOLDINGS INC (MKTX). This can be considered as Overvalued.


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.