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MarketAxess MKTX Occupancy — Variable Lease Cost

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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$4.2B-28.1%

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:VariableLeaseCost.

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 occupancy — variable lease cost?
MarketAxess (MKTX) reported occupancy — variable lease cost of $884K in Q1 2026.
How has MarketAxess's occupancy — variable lease cost changed year-over-year?
MarketAxess's occupancy — variable lease cost increased by 12.6% year-over-year, from $785K to $884K.
What is the long-term trend for MarketAxess's occupancy — variable lease cost?
Over 3 years (2021 to 2025), MarketAxess's occupancy — variable lease cost has grown at a 522.6% compound annual growth rate (CAGR), from $14K to $3.38M.
What does occupancy — variable lease cost mean?
This metric captures lease-related expenses that fluctuate based on usage, service levels, or other non-fixed contractual terms. It often includes common area maintenance, utilities, or usage-based facility fees that adjust according to operational activity. Tracking this provides insight into the flexibility of the company's real estate cost structure beyond fixed rent obligations.