Price Alert

MarketAxess Inc. (MKTX)

NASDAQ: MKTX · Real-Time Price · USD

180.14

1.97 (1.11%)

At close: Sep 26, 2025, 3:59 PM

180.14

0.00%

After-hours: Sep 26, 2025, 05:28 PM EDT

MarketAxess Statistics

Share Statistics

MarketAxess has 37.36M shares outstanding. The number of shares has increased by -0.66% in one year.

Shares Outstanding	37.36M
Shares Change (YoY)	-0.66%
Shares Change (QoQ)	-0.51%
Owned by Institutions (%)	98.18%
Shares Floating	36.62M
Failed to Deliver (FTD) Shares	315
FTD / Avg. Volume	0.04%

Short Selling Information

The latest short interest is 1.53M, so 4.1% of the outstanding shares have been sold short.

Short Interest	1.53M
Short % of Shares Out	4.1%
Short % of Float	4.69%
Short Ratio (days to cover)	2

Valuation Ratios

The PE ratio is 31 and the forward PE ratio is 21.47. MarketAxess's PEG ratio is 5.07.

PE Ratio	31
Forward PE	21.47
PS Ratio	10.4
Forward PS	7.2
PB Ratio	6.12
P/FCF Ratio	22.65
PEG Ratio	5.07

Financial Ratio History

Enterprise Valuation

MarketAxess has an Enterprise Value (EV) of 8.03B.

EV / Sales	9.82
EV / EBITDA	18.14
EV / EBIT	20.84
EV / FCF	21.39

Financial Position

The company has a current ratio of 4.41, with a Debt / Equity ratio of 0.05.

Current Ratio	4.41
Quick Ratio	4.41
Debt / Equity	0.05
Debt / EBITDA	0.16
Debt / FCF	0.19
Interest Coverage	212.91

Financial Efficiency

Return on Equity is 19.74% and Return on Invested Capital is 16.95%.

Return on Equity	19.74%
Return on Assets	15.32%
Return on Invested Capital	16.95%
Revenue Per Employee	$917.06K
Profits Per Employee	$307.72K
Employee Count	891
Asset Turnover	0.46
Inventory Turnover	n/a

Taxes

Income Tax	86.36M
Effective Tax Rate	23.95%

Stock Price Statistics

The stock price has increased by -29.31% in the last 52 weeks. The beta is 0.88, so MarketAxess's price volatility has been higher than the market average.

Beta	0.88
52-Week Price Change	-29.31%
50-Day Moving Average	191.16
200-Day Moving Average	210.56
Relative Strength Index (RSI)	41.44
Average Volume (20 Days)	714,296

Income Statement

In the last 12 months, MarketAxess had revenue of 817.1M and earned 274.18M in profits. Earnings per share was 7.29.

Revenue	817.1M
Gross Profit	563.35M
Operating Income	340.87M
Net Income	274.18M
EBITDA	442.61M
EBIT	362.15M
Earnings Per Share (EPS)	7.29

Full Income Statement

Balance Sheet

The company has 544.48M in cash and 72.65M in debt, giving a net cash position of 471.82M.

Cash & Cash Equivalents	544.48M
Total Debt	72.65M
Net Cash	471.82M
Retained Earnings	1.41B
Total Assets	1.97B
Working Capital	411.65M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 385.24M and capital expenditures -9.94M, giving a free cash flow of 375.3M.

Operating Cash Flow	385.24M
Capital Expenditures	-9.94M
Free Cash Flow	375.3M
FCF Per Share	9.98

Full Cash Flow Statement

Margins

Gross margin is 68.95%, with operating and profit margins of 41.72% and 33.56%.

Gross Margin	68.95%
Operating Margin	41.72%
Pretax Margin	44.13%
Profit Margin	33.56%
EBITDA Margin	54.17%
EBIT Margin	41.72%
FCF Margin	45.93%

Dividends & Yields

MKTX pays an annual dividend of $3.76, which amounts to a dividend yield of 1.6%.

Dividend Per Share	$3.76
Dividend Yield	1.6%
Dividend Growth (YoY)	2.7%
Payout Ratio	63.19%
Earnings Yield	3.23%
FCF Yield	4.42%

Dividend Details

Analyst Forecast

The average price target for MKTX is $212, which is 17.7% higher than the current price. The consensus rating is "Hold".

Price Target	$212
Price Target Difference	17.7%
Analyst Consensus	Hold
Analyst Count	11

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$36.45
Lynch Upside	-79.77%
Graham Number	77.84
Graham Upside	-56.79%

Scores

Altman Z-Score	9.28
Piotroski F-Score	8