What is MarketAxess's contract liabilities?

MarketAxess (MKTX) reported contract liabilities of $5.26M in Q1 2026.

How has MarketAxess's contract liabilities changed year-over-year?

MarketAxess's contract liabilities increased by 6.3% year-over-year, from $4.95M to $5.26M.

What is the long-term trend for MarketAxess's contract liabilities?

Over 5 years (2020 to 2025), MarketAxess's contract liabilities has grown at a 3.4% compound annual growth rate (CAGR), from $4.25M to $5.03M.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

MarketAxess MKTX Contract Liabilities

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——

Segments

By product

See full

Information Services$3.01M+14.4%

Post Trade Services$1.95M-0.1%

Technology Services$302K-17.9%

Other financials

Income statement

See full

Revenue$233.4M+11.9%

Operating income$100.9M+14.2%

Net income$77.9M+417%

EPS (diluted)$2.20+450%

Balance sheet

See full

Cash & equivalents$548.2M-14.9%

Total debt$292.0M+312%

Total equity$1.2B-11.6%

Total assets$2.3B+22.5%

Cash flow

See full

Operating cash flow-$75.3M-354%

CapEx$259.0K-86.6%

Free cash flow-$75.6M-373%

Valuation

See full

Market cap$4.2B-28.1%

Profitability

See full

Operating margin40.7%-0.6pp

Net margin35.5%+9.0pp

FCF margin31.1%-19.1pp

Returns & leverage

See full

Return on equity24.4%+8.1pp

Debt / equity0.2×+0.2×

Where this comes from

Reported directly by MarketAxess in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: MarketAxess’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MarketAxess's contract liabilities?: MarketAxess (MKTX) reported contract liabilities of $5.26M in Q1 2026.
How has MarketAxess's contract liabilities changed year-over-year?: MarketAxess's contract liabilities increased by 6.3% year-over-year, from $4.95M to $5.26M.
What is the long-term trend for MarketAxess's contract liabilities?: Over 5 years (2020 to 2025), MarketAxess's contract liabilities has grown at a 3.4% compound annual growth rate (CAGR), from $4.25M to $5.03M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.