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MarketAxess MKTX Commission Revenue — Variable Transaction Fees
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Where this comes from
Reported directly by MarketAxess in its filing.
Tagged under the XBRL concept mktx:VariableTransactionFees.
The source filing: MarketAxess’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 4:10 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-340249
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Variable transaction fees | ||||
| Disclosed trading | $$93,066 | 98,088 | $197,790 | $193,543 |
| Open Trading – matched principal trading | 44,924 | 47,319 | 94,154 | 90,371 |
| U.S. government bonds - matched principal trading | 4,399 | 5,329 | 9,714 | 9,858 |
| Other | 10,309 | 7,337 | 21,006 | 12,292 |
| Total variable transaction fees | 152,698 | 158,073 | 322,664 | 306,064 |
| Distribution fees and unused minimum fees | 34,197 | 33,697 | 67,702 | 67,049 |
| Total commissions | $$186,895 | 191,770 | $390,366 | $373,113 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is MarketAxess's commission revenue — variable transaction fees?
- MarketAxess (MKTX) reported commission revenue — variable transaction fees of $152.7M in Q2 2026.
- How has MarketAxess's commission revenue — variable transaction fees changed year-over-year?
- MarketAxess's commission revenue — variable transaction fees decreased by 3.4% year-over-year, from $158.07M to $152.7M.
- What is the long-term trend for MarketAxess's commission revenue — variable transaction fees?
- Over 4 years (2021 to 2025), MarketAxess's commission revenue — variable transaction fees has grown at a 4.6% compound annual growth rate (CAGR), from $501.58M to $600.45M.
- What does commission revenue — variable transaction fees mean?
- This metric represents the total fees earned based on the volume and value of trades executed through the platform. It is a key performance indicator for the core electronic trading business, directly correlating with market activity levels and client engagement. Higher fees indicate increased platform utilization and successful capture of trading flow.
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