Skip to content

MarketAxess MKTX Operating margin

Operating margin at other companies

CME Group logo
CME GroupCME
65.6%+0.6pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
41.1%+4.4pp
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
42.5%+3.4pp
StoneX Group Inc. logo
StoneX Group Inc.SNEX
-2.6%-0.7pp
Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
29.4%+4.6pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
33.8%+6.8pp

Other financials

Income statement

See full
Revenue$233.4M+11.9%
Operating income$100.9M+14.2%
Net income$77.9M+417%
EPS (diluted)$2.20+450%

Balance sheet

See full
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

See full
Operating cash flow-$75.3M-354%
CapEx$259.0K-86.6%
Free cash flow-$75.6M-373%

Valuation

See full
Market cap$4.28B-28.1%
Enterprise value$4.02B-26.0%
P/E13.8×-13.6×
P/S4.9×-2.4×

Profitability

See full
Net margin35.5%+9.0pp
FCF margin31.1%-19.1pp

Returns & leverage

See full
Return on equity24.4%+8.1pp
Debt / equity0.2×+0.2×

Where this comes from

Calculated from MarketAxess’s reported figures.

Based on trailing twelve months.

The official record: MarketAxess’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about MarketAxess's operating margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is MarketAxess's operating margin?
MarketAxess (MKTX) reported operating margin of 40.7% in Q1 2026.
How has MarketAxess's operating margin changed year-over-year?
MarketAxess's operating margin decreased by 1.5% year-over-year, from 41.3% to 40.7%.
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.