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MKTX
MarketAxess Holdings Inc.
Summary
Business
Earnings Call
Valuation
Profitability
Financial Health
Intel
Yearly Return 10Y annualized return is average at 9.5% per year
Earnings Expectations MKTX has met or exceeded earnings expectations in most recent quarters (9/10)
Positive Strong Gross Profit Margin
Positive Low Debt Levels
Negative High PE Ratio
Negative High Price-to-Sales Ratio

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MarketAxess demonstrates a high-quality business with strong revenue growth and leadership in portfolio trading. However, challenges in the U.S. high-grade market and dependence on market conditions could impact future growth. The company is well-positioned for innovation and expansion.

Analysis Date: February 6, 2025
Last Updated: May 29, 2025

+147%
+9.5% per year

Past performance does not guarantee future results. The data presented is indicative and may not be updated in real-time.

Country US
Exchange NASDAQ
Industry Financial - Capital Markets
Sector Financial Services
Market Cap $8.38B
CEO Mr. Christopher Robert Concannon J.D.

MarketAxess Holdings Inc. is a company that helps large investors and banks buy and sell bonds through an online platform. They make it easier for these institutions to find buyers or sellers for different types of bonds, like government and corporate bonds. MarketAxess also provides tools and services to help clients make smart trading decisions and keep track of their trades. Essentially, they create a smooth and efficient way for businesses to trade fixed income securities.

Streams of revenue

Commission Revenue: 83%
Post Trade Services: 8%
Information Services: 6%
Technology Services: 3%

Geographic Distribution

Americas: 80%
Europe: 17%
Other Geographic Area: 3%

Core Products

📊
Live Markets Real-time bond data
🔄
Open Trading Bond trading platform
📈
Data Services Market data analytics
🤖
Automated Trading Algo bond trading

Business Type

Marketplace Platform/Marketplace

Competitive Advantages

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Key Business Risks

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Trailing Twelve Months (TTM) values provide a view of the company's performance over the last year.

Graham Value Metrics

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ROE: 15.895299744214746

ROA: None

Gross Profit Margin: 69.2685255287793

Net Profit Margin: 26.582349931222183

Trailing Twelve Months (TTM) values provide a view of the company's performance over the last year.

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About Profitability Metrics

Profitability metrics measure a company's ability to generate earnings relative to its revenue, operating costs, and other relevant metrics. Higher values generally indicate better performance.

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About Financial Health Metrics

Financial health metrics assess a company's ability to meet its financial obligations and its overall financial stability.

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Meeting Expectations

9 /10

Higher values indicate better execution and credibility

Recent Results

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EPS

1.82
Estimated
1.87
Actual
+2.75%
Difference

Revenue

$213532620
Estimated
$208576000
Actual
-2.32%
Difference
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Insider trading data shows purchase and sale activities by company executives and board members.

Insider Sentiment Analysis

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MKTX Stock Analysis: MarketAxess Holdings Inc. Investment Guide

MKTX (MarketAxess Holdings Inc.) is a Financial Services company listed on NASDAQ Global Select. The stock has generated 9.5% annual returns with an overall investment score of None/100.

MarketAxess demonstrates a high-quality business with strong revenue growth and leadership in portfolio trading. However, challenges in the U.S. high-grade market and dependence on market conditions could impact future growth. The company is well-positioned for innovation and expansion.

MKTX Key Financial Metrics

MKTX financial analysis includes comprehensive valuation ratios, profitability metrics, and financial health indicators. and profitability score of 5.0/100 with financial health rated 10.0/100.

About MarketAxess Holdings Inc.

MarketAxess Holdings Inc. is a company that helps large investors and banks buy and sell bonds through an online platform. They make it easier for these institutions to find buyers or sellers for different types of bonds, like government and corporate bonds. MarketAxess also provides tools and services to help clients make smart trading decisions and keep track of their trades. Essentially, they create a smooth and efficient way for businesses to trade fixed income securities.

MKTX Investment Recommendation

Based on our comprehensive analysis of MKTX, investors should consider the company's positive performance track record, earnings consistency (9/10 quarters beat expectations), and current valuation metrics when making investment decisions.

Financial Services Sector Analysis

MKTX operates in the Financial - Capital Markets industry within the Financial Services sector. This analysis compares MarketAxess Holdings Inc. performance against industry and sector benchmarks to provide context for investment decisions.

Frequently Asked Questions about MKTX Stock

Is MKTX a good investment?

MKTX (MarketAxess Holdings Inc.) has generated 9.5% annual returns with an overall score of None/100. MarketAxess demonstrates a high-quality business with strong revenue growth and leadership in portfolio trading. However, challenges in the U.S. high-grade market and dependence on market conditions could impact future growth. … Investors should consider their risk tolerance and investment goals when evaluating MKTX.

What is MKTX P/E ratio and valuation?

MKTX valuation metrics including P/E ratio, price-to-book ratio, and price-to-sales ratio are analyzed on this page with comparisons to Financial - Capital Markets industry and Financial Services sector benchmarks.

Should I buy MKTX stock now?

The decision to buy MKTX stock should be based on comprehensive analysis of financial metrics, market conditions, and individual investment goals. Our analysis provides profitability score of 5.0/100, financial health score of 10.0/100, and detailed performance metrics to help inform your investment decision.

What are MKTX financial health indicators?

MKTX financial health analysis includes liquidity ratios, debt levels, cash flow metrics, and profitability indicators. The company has a financial health score of 10.0/100 based on comprehensive analysis of balance sheet strength and operational efficiency.

How does MKTX compare to competitors?

MKTX performance is benchmarked against Financial - Capital Markets industry peers and Financial Services sector averages. Our analysis includes comparative valuation ratios, profitability metrics, and growth indicators to provide context for MarketAxess Holdings Inc.'s market position.

What are MKTX historical returns?

MKTX has generated 9.5% annual returns over the 10Y. Historical performance analysis includes price appreciation, dividend yields, and total shareholder returns compared to market benchmarks.

MKTX Key Investment Metrics Summary

  • Annual Return: 9.5%
  • Profitability Score: 5.0/100
  • Financial Health Score: 10.0/100
  • Growth Score: -3.858653276601495/100
  • Earnings Beat Rate: 9/10 quarters
  • Sector: Financial Services
  • Industry: Financial - Capital Markets
  • Exchange: NASDAQ Global Select
  • Market Cap: 8383196296

MKTX Investment Thesis

MarketAxess Holdings Inc. (MKTX) represents a moderate investment opportunity in the Financial Services sector. With an overall score of None/100, the company demonstrates areas for financial improvement.

Investment Strengths

  • Strong Gross Profit Margin
  • Low Debt Levels
  • Strong Return on Equity
  • Solid Net Profit Margin
  • Excellent Liquidity Ratios
  • Strong Interest Coverage
  • Strong Revenue Growth
  • Leadership in Portfolio Trading
  • Technological Investments and Innovations
  • Strategic Focus on Growth Channels
  • Expansion of Block Trading Solutions

Investment Risks

  • High PE Ratio
  • High Price-to-Sales Ratio
  • Moderate Operating Profit Margin
  • Moderate Dividend Payout
  • Challenges in U.S. High-Grade Market Share
  • Dependence on Market Conditions
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