What is MarketAxess's price / book?

MarketAxess (MKTX) reported price / book of 4.9× in Q1 2026.

How has MarketAxess's price / book changed year-over-year?

MarketAxess's price / book decreased by 18.6% year-over-year, from 6.1× to 4.9×.

What is the long-term trend for MarketAxess's price / book?

Over 5 years (2020 to 2025), MarketAxess's price / book has grown at a -23.7% compound annual growth rate (CAGR), from 22.7× to 5.9×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

MarketAxess MKTX Price / book

Price / book at other companies

BGC Group, Inc.BGC

4.2×-0.4×

CME GroupCME

4×+0.5×

Intercontinental ExchangeICE

3×-0.5×

Tradeweb Markets Inc.TW

3.8×-1.5×

StoneX Group Inc.SNEX

2.4×+0.4×

Virtu FinancialVIRT

2.2×-0.3×

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

Operating margin40.7%-0.6pp

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.

market cap/total stockholders equity=4.9×

Based on the most recent quarter.

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 price / book?: MarketAxess (MKTX) reported price / book of 4.9× in Q1 2026.
How has MarketAxess's price / book changed year-over-year?: MarketAxess's price / book decreased by 18.6% year-over-year, from 6.1× to 4.9×.
What is the long-term trend for MarketAxess's price / book?: Over 5 years (2020 to 2025), MarketAxess's price / book has grown at a -23.7% compound annual growth rate (CAGR), from 22.7× to 5.9×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.