What is MarketAxess's pre-tax income?

MarketAxess (MKTX) reported pre-tax income of $103.89M in Q1 2026.

How has MarketAxess's pre-tax income changed year-over-year?

MarketAxess's pre-tax income increased by 8.0% year-over-year, from $96.15M to $103.89M.

What is the long-term trend for MarketAxess's pre-tax income?

Over 4 years (2021 to 2025), MarketAxess's pre-tax income has grown at a 2.4% compound annual growth rate (CAGR), from $333.92M to $367M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

MarketAxess MKTX Pre-Tax Income

Pre-Tax Income at other companies

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$1.9B+77.8%

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$302.92M+36.7%

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Nasdaq, Inc.NDAQ

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CME GroupCME

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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

Reported directly by MarketAxess in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 pre-tax income?: MarketAxess (MKTX) reported pre-tax income of $103.89M in Q1 2026.
How has MarketAxess's pre-tax income changed year-over-year?: MarketAxess's pre-tax income increased by 8.0% year-over-year, from $96.15M to $103.89M.
What is the long-term trend for MarketAxess's pre-tax income?: Over 4 years (2021 to 2025), MarketAxess's pre-tax income has grown at a 2.4% compound annual growth rate (CAGR), from $333.92M to $367M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.