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MarketAxess MKTX EBITDA margin

EBITDA margin at other companies

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15.1%-0.2pp
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68%+1.3pp
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Intercontinental ExchangeICE
53%+3.7pp
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Tradeweb Markets Inc.TW
54%+2.1pp
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StoneX Group Inc.SNEX
73.5%+73.2pp
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Virtu FinancialVIRT
52.1%+7.3pp

Other financials

Income statement

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Revenue$233.4M+11.9%
Operating income$100.9M+14.2%
Net income$77.9M+417%
EPS (diluted)$2.20+450%

Balance sheet

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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

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Operating cash flow-$75.3M-354%
CapEx$259.0K-86.6%
Free cash flow-$75.6M-373%

Valuation

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Market cap$4.28B-28.1%
Enterprise value$4.02B-26.0%
P/E13.8×-13.6×
P/S4.9×-2.4×

Profitability

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Operating margin40.7%-0.6pp
Net margin35.5%+9.0pp
FCF margin31.1%-19.1pp

Returns & leverage

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Return on equity24.4%+8.1pp
Debt / equity0.2×+0.2×

Where this comes from

Calculated from MarketAxess’s reported figures.

Based on trailing twelve months.

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 EBITDA margin?
MarketAxess (MKTX) reported EBITDA margin of 49.6% in Q1 2026.
How has MarketAxess's EBITDA margin changed year-over-year?
MarketAxess's EBITDA margin decreased by 1.5% year-over-year, from 50.4% to 49.6%.
What is the long-term trend for MarketAxess's EBITDA margin?
Over 5 years (2020 to 2025), MarketAxess's EBITDA margin has grown at a -3.7% compound annual growth rate (CAGR), from 59.6% to 49.5%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.