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MarketAxess MKTX Payables to Broker Dealers and Clearing Organizations

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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-18.1%
Enterprise value$5.48B-14.5%
P/E18.7×-12.7×
P/S6.6×-1.8×

Profitability

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Operating margin40.5%-1.0pp
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

Reported directly by MarketAxess in its filing.

Tagged under the XBRL concept us-gaap:ReceivablesFromBrokersDealersAndClearingOrganizations.

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 itemAs of / June 30, 2026As of / December 31, 2025
Securities failed-to-deliver – customers592,254131,632
Cash deposits with clearing organizations and broker-dealers122,677107,223
Other12,9255,951
Total$1,228,453$489,211
Payables to broker-dealers, clearing organizations and customers:
Securities failed-to-receive – broker-dealers and clearing organizations$479,823$224,844
Securities failed-to-receive – customers372,28093,107
Other11,4438,008

Item 1. Financial Statements (Unaudited)

FAQ

What is MarketAxess's payables to broker dealers and clearing organizations?
MarketAxess (MKTX) reported payables to broker dealers and clearing organizations of $1.23B in Q2 2026.
How has MarketAxess's payables to broker dealers and clearing organizations changed year-over-year?
MarketAxess's payables to broker dealers and clearing organizations increased by 119.7% year-over-year, from $559.12M to $1.23B.
What is the long-term trend for MarketAxess's payables to broker dealers and clearing organizations?
Over 5 years (2020 to 2025), MarketAxess's payables to broker dealers and clearing organizations has grown at a 11.8% compound annual growth rate (CAGR), from $279.92M to $489.21M.
What does payables to broker dealers and clearing organizations mean?
This metric represents the total obligations owed by the company to broker-dealers and clearing organizations for unsettled trades or services rendered. It is a standard liability reflecting the firm's role as an intermediary in the financial markets. High levels of payables are typical in high-volume trading environments and represent the firm's short-term financing needs.

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