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MKTX

MarketAxess Holdings Inc.

MKTX

NASDAQ·Financial Services·Financial - Capital Markets·Mkt cap $4.1B

$116.16

▲ +1.46%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$108.75 - $222.41

P/E

13.71

Fwd P/E

14.24

Beta

0.85

Div Yield

2.69%

Avg Vol

629.4K

Shares Out

35.5M

Mkt Cap

$4.1B

Price action

Price chart

Down 47.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • First-mover advantage in electronic bond trading
  • Advanced trading protocols
  • Extensive institutional network
  • Proprietary technology infrastructure
▼

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Digital transformation of fixed income markets

Value

Attractively priced below Investment Banking & Capital Markets peer average

Momentum

Falling

-33.2% over 3m

Quality

Excellent

Excellent business quality

Dividend

Solid

2.69% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 5, 2026

“
Q2 26 RECAP

MAY 7, 2026

Reported EPS of $2.25 vs $2.15 consensus (+4.7% surprise). Revenue of $233.0M vs $231.9M expected (+0.5%). Beat on both top and bottom lines.

EPS beat +4.7%
Rev beat +0.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+4.7%

Next: May 5, 2026

Revenue trend · last 8Q

—

—

+3%

-1%

+11%

+1%

+2%

+13%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$197.7M

$206.7M

$202.4M

$206.9M

$224.3M

$210.6M

$207.4M

$233.4M

Margins · last 8Q

Gross

—

Operating

—

Profit

33.4%

View full earnings history →

Wall Street consensus

6 analysts · 17% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

17%

Hold

5

83%

Sell

0%

Median Price Target

$192.50

▲ +65.7% vs $116.16

Low $170.00
Median $192.50
High $215.00

Latest: Bank of America · Jun 12, 2026

2 analysts covering

View full analyst page →

vs Industry

How MKTX stacks vs Financial - Capital Markets

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.