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.
CountryUS
ExchangeNASDAQ
IndustryFinancial - Capital Markets
SectorFinancial Services
Market Cap$8.38B
CEOMr. 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
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Live MarketsReal-time bond data
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Open TradingBond trading platform
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Data ServicesMarket data analytics
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Automated TradingAlgo bond trading
Business Type
Platform/Marketplace
Competitive Advantages
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Trailing Twelve Months (TTM) values provide a view of the company's performance over the last year.
Graham Value Metrics
Benjamin Graham's value investing approach focuses on finding stocks with a significant margin of safety between their intrinsic value and market price.
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Trailing Twelve Months (TTM) values provide a view of the company's performance over the last year.
Income Statement Flow
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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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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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