MarketAxess Holdings Inc. (MKTX) Income Statement Analysis

See more : HELLENiQ ENERGY Holdings S.A. (ELPE.AT) Income Statement Analysis – Financial Results

Complete financial analysis of MarketAxess Holdings Inc. (MKTX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MarketAxess Holdings Inc., a leading company in the Financial – Capital Markets industry within the Financial Services sector.

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MarketAxess Holdings Inc. (MKTX)

Industry: Financial - Capital Markets

Sector: Financial Services

Website: https://www.marketaxess.com

About MarketAxess Holdings Inc.

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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	752.55M	718.30M	698.95M	689.13M	511.35M	435.57M	397.47M	369.92M	303.10M	262.77M	238.73M	198.20M	181.10M	146.23M	114.44M	93.09M	93.64M	83.32M	78.56M	75.80M	58.46M	18.70M	6.60M
Cost of Revenue	269.63M	182.10M	170.92M	156.89M	131.08M	109.12M	102.75M	96.79M	83.86M	75.00M	64.41M	60.36M	58.79M	74.93M	61.84M	55.01M	53.79M	49.78M	43.89M	39.55M	0.00	0.00	0.00
Gross Profit	482.92M	536.20M	528.04M	532.24M	380.27M	326.45M	294.72M	273.13M	219.24M	187.78M	174.33M	137.84M	122.31M	71.30M	52.60M	38.07M	39.85M	33.53M	34.67M	36.25M	58.46M	18.70M	6.60M
Gross Profit Ratio	64.17%	74.65%	75.55%	77.23%	74.37%	74.95%	74.15%	73.84%	72.33%	71.46%	73.02%	69.55%	67.54%	48.76%	45.96%	40.90%	42.56%	40.25%	44.13%	47.82%	100.00%	100.00%	100.00%
Research & Development	0.00	6.70M	0.48	0.54	0.50	0.50	0.51	0.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	69.19M	120.23M	112.22M	92.52M	79.66M	70.92M	58.12M	54.76M	46.65M	46.10M	48.29M	37.45M	90.70M	10.96M	74.72M	6.41M	13.53M	16.43M	6.62M	4.26M	39.87M	24.29M	6.15M
Selling & Marketing	11.05M	9.98M	9.06M	7.94M	11.56M	12.11M	9.76M	8.93M	6.15M	5.77M	4.63M	5.47M	4.88M	3.08M	2.88M	2.78M	1.91M	1.77M	2.58M	2.53M	2.29M	2.59M	1.78M
SG&A	80.24M	130.21M	121.28M	100.46M	91.22M	83.03M	67.88M	63.69M	52.80M	51.86M	52.92M	42.92M	95.59M	14.04M	77.60M	9.19M	1.91M	1.77M	9.20M	6.79M	42.16M	26.88M	7.93M
Other Expenses	87.66M	79.11M	69.52M	57.05M	38.17M	-610.00K	25.07M	17.84M	18.54M	17.38M	14.12M	8.23M	6.78M	6.35M	6.79M	7.88M	74.49M	72.94M	57.80M	0.00	11.89M	0.00	63.76M
Operating Expenses	167.90M	209.32M	190.80M	157.51M	129.39M	113.86M	92.95M	81.53M	71.34M	69.24M	67.05M	51.16M	102.37M	20.39M	84.39M	80.25M	76.39M	74.71M	67.00M	58.48M	54.06M	-28.57M	71.69M
Cost & Expenses	437.53M	391.42M	361.72M	314.40M	260.47M	222.98M	195.70M	178.32M	155.20M	144.24M	131.45M	111.52M	102.37M	95.32M	84.39M	80.25M	76.39M	74.71M	67.00M	58.48M	54.06M	-28.57M	71.69M
Interest Income	22.43M	5.04M	401.00K	2.45M	8.06M	0.00	0.00	0.00	0.00	0.00	0.00	1.06M	0.00	0.00	1.22M	0.00	5.24M	4.60M	3.16M	0.00	371.13K	742.49K	0.00
Interest Expense	1.98M	700.00K	842.00K	1.14M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	76.41M	391.89M	363.77M	314.40M	260.47M	222.98M	195.70M	178.32M	18.54M	17.38M	14.12M	8.23M	6.78M	6.35M	6.79M	7.88M	7.17M	6.73M	4.61M	3.47M	4.69M	6.83M	5.13M
EBITDA	395.10M	393.97M	397.51M	417.57M	284.28M	241.17M	221.04M	209.44M	166.44M	135.92M	121.40M	94.92M	85.51M	57.26M	36.84M	20.71M	24.42M	15.33M	16.17M	20.78M	9.09M	-30.09M	-59.97M
EBITDA Ratio	52.50%	55.75%	55.48%	59.36%	52.74%	52.70%	55.61%	56.62%	54.91%	51.72%	50.85%	47.89%	47.22%	39.16%	32.19%	22.25%	26.08%	18.40%	20.58%	27.42%	15.55%	285.69%	-908.90%
Operating Income	315.02M	326.88M	337.24M	374.73M	250.88M	212.58M	201.77M	191.60M	147.90M	118.54M	107.28M	86.69M	78.73M	50.91M	30.05M	12.83M	17.25M	8.60M	11.56M	17.32M	4.40M	47.27M	-65.10M
Operating Income Ratio	41.86%	45.51%	48.25%	54.38%	49.06%	48.81%	50.76%	51.80%	48.80%	45.11%	44.94%	43.74%	43.48%	34.82%	26.26%	13.79%	18.42%	10.33%	14.72%	22.85%	7.53%	252.78%	-986.60%
Total Other Income/Expenses	17.68M	11.41M	-3.31M	-369.00K	6.54M	5.50M	-25.07M	-17.84M	0.00	-16.48M	-15.32M	-2.68M	-6.78M	0.00	0.00	0.00	0.00	0.00	-4.56M	0.00	0.00	84.70M	0.00
Income Before Tax	332.70M	338.29M	333.92M	374.36M	257.42M	218.09M	201.77M	191.60M	147.90M	118.54M	107.28M	86.69M	78.73M	50.91M	30.05M	12.83M	17.25M	8.60M	11.56M	17.32M	4.40M	47.95M	-65.10M
Income Before Tax Ratio	44.21%	47.10%	47.77%	54.32%	50.34%	50.07%	50.76%	51.80%	48.80%	45.11%	44.94%	43.74%	43.48%	34.82%	26.26%	13.79%	18.42%	10.33%	14.72%	22.85%	7.53%	256.39%	-986.60%
Income Tax Expense	74.65M	88.06M	76.04M	74.98M	52.52M	45.23M	53.68M	65.43M	51.86M	43.73M	38.72M	26.62M	31.03M	19.48M	13.95M	4.94M	6.93M	3.18M	3.42M	-41.33M	189.50K	83.35M	0.00
Net Income	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	7.90M	10.32M	5.42M	8.14M	58.65M	4.21M	-36.08M	-65.10M
Net Income Ratio	34.29%	34.84%	36.90%	43.44%	40.07%	39.68%	37.26%	34.11%	31.69%	28.47%	31.84%	30.31%	26.34%	21.49%	14.07%	8.49%	11.02%	6.51%	10.36%	77.37%	7.21%	-192.90%	-986.60%
EPS	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	0.23	0.32	0.18	0.29	6.76	-2.20	-10.92	-21.01
EPS Diluted	6.85	6.65	6.77	7.85	5.40	4.57	3.89	3.34	2.55	1.97	2.01	1.59	1.20	0.80	0.42	0.22	0.30	0.15	0.23	1.88	-2.20	-1.21	-21.01
Weighted Avg Shares Out	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	32.83M	32.29M	30.56M	28.16M	7.10M	3.29M	3.30M	3.10M
Weighted Avg Shares Out (Dil)	37.65M	37.64M	38.10M	38.14M	37.96M	37.86M	38.04M	37.74M	37.64M	37.89M	37.89M	37.82M	39.61M	39.05M	38.08M	35.74M	34.45M	35.08M	35.51M	30.64M	3.29M	29.92M	3.10M

MarketAxess Announces Trading Volume Statistics for September and Third Quarter 2024

October 3, 2024businesswire.com

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for September 2024 and the third quarter ended September 30,...

MarketAxess Rises 17% in Past Six Months: More Growth on the Horizon?

September 23, 2024zacks.com

MKTX remains well-poised for growth on commission growth, driven by increased trading volumes and strategic partnerships like its expanded collaboration with BlackRock.

Zacks Industry Outlook Intercontinental Exchange, CME Group, Nasdaq, Cboe Global and MarketAxess

September 18, 2024zacks.com

Intercontinental Exchange, CME Group, Nasdaq, Cboe Global and MarketAxess have been highlighted in this Industry Outlook article.

5 Securities and Exchanges Stocks to Watch Amid Market Volatility

September 17, 2024zacks.com

Product innovation, increased market volatility and a strategic economic market model are expected to aid Securities and Exchanges stocks like ICE, CME, NDAQ, CBOE and MKTX. However, compliance with regulations remains a challenge.

MarketAxess Expands Partnership With BlackRock, Enhances Offerings

September 10, 2024zacks.com

MKTX expands its partnership with BlackRock to improve the trading experience for clients.

MarketAxess: August Volume Report Shows Strong YOY Growth, But Market Share Continues To Decline

September 6, 2024seekingalpha.com

Reiterating HOLD rating on MKTX due to recent market share decline in U.S. High Grade and High Yield credit, despite strong ADNV growth. August 2024 metrics show significant Y/Y growth in ADNV across all credit and rates categories, but market...

MarketAxess (MKTX) Surges 6.7%: Is This an Indication of Further Gains?

September 6, 2024zacks.com

MarketAxess (MKTX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

MarketAxess (MKTX) Up 5.5% Since Last Earnings Report: Can It Continue?

September 5, 2024zacks.com

MarketAxess (MKTX) reported earnings 30 days ago. What's next for the stock?

MarketAxess to Participate in the Barclays Global Financial Services Conference

September 3, 2024businesswire.com

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that Chris Concannon, Chief Executive Officer, and Ilene Fiszel Bieler, Chief Financial Officer, will participate in the Barclays Global Financial...