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MarketAxess MKTX Operating margin

Operating margin at other companies

CME Group logo
CME GroupCME
65.1%-0.2pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
40.7%+3.3pp
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
43.7%+4.8pp
StoneX Group Inc. logo
StoneX Group Inc.SNEX
-2.6%-0.7pp
Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
29.5%+3.9pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
33.8%+6.8pp

Other financials

Income statement

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Revenue$218.4M-0.5%
Operating income$89.9M-2.2%
Net income$68.1M-4.3%
EPS (diluted)$1.93+1.0%

Balance sheet

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Cash & equivalents$419.7M-35.5%
Total debt$178.9M+158%
Total equity$1.2B-10.6%
Total assets$2.4B+22.6%

Cash flow

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Operating cash flow-$75.3M-354%
CapEx$649.0K-46.2%
Free cash flow-$75.6M-373%

Valuation

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Market cap$5.72B-18.3%
Enterprise value$5.48B-14.7%
P/E18.7×-12.8×
P/S6.6×-1.8×

Profitability

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Net margin35.2%+8.6pp
FCF margin31.1%-19.1pp

Returns & leverage

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Return on equity23.3%+6.9pp
Debt / equity0.1×+0.1×

Where this comes from

Calculated from MarketAxess’s reported figures.

Based on trailing twelve months.

The source filing: MarketAxess’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340249

FAQ

What is MarketAxess's operating margin?
MarketAxess (MKTX) reported operating margin of 40.5% in Q2 2026.
How has MarketAxess's operating margin changed year-over-year?
MarketAxess's operating margin decreased by 2.4% year-over-year, from 41.5% to 40.5%.
What is the long-term trend for MarketAxess's operating margin?
Over 5 years (2020 to 2025), MarketAxess's operating margin has grown at a -5.8% compound annual growth rate (CAGR), from 54.4% to 40.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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