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MarketAxess MKTX US — Revenue

Other geography segments

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$42.73M

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 US — revenue?
MarketAxess (MKTX) reported US — revenue of $149.75M in Q1 2026.
How has MarketAxess's US — revenue changed year-over-year?
MarketAxess's US — revenue increased by 5.0% year-over-year, from $142.66M to $149.75M.
What is the long-term trend for MarketAxess's US — revenue?
Over 3 years (2022 to 2025), MarketAxess's US — revenue has grown at a 3.6% compound annual growth rate (CAGR), from $510.8M to $568.38M.
What does US — revenue mean?
This metric represents the total gross revenue generated from electronic trading services and related data products within the United States geographic segment. It reflects the core transaction-based fees and subscription income earned from institutional clients and broker-dealers, excluding any pass-through taxes. This figure serves as a primary indicator of the company's market penetration and competitive strength in the domestic fixed-income trading landscape.