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MarketAxess MKTX Business Segments

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Revenue by Product
Commission Revenue$186.9M-2.5%$203.47M+12.2%$181.34M+3.8%$180.17M-0.1%$191.77M+11.7%
Information Services$16.09M+23.0%$14.45M+11.9%$13.45M+2.3%$13.79M+6.4%$13.09M+4.3%
Post Trade Services$11.6M+4.7%$11.61M+4.7%$11.03M+0.5%$11.29M+8.8%$11.08M+6.5%
Technology Services$3.83M+8.5%$3.86M+19.0%$3.58M+2.1%$3.57M+19.8%$3.53M+16.2%
Revenue by Geography
GB$48.61M+9.1%$52.85M+23.7%$45.3M+11.0%$44.66M+6.6%$44.57M+17.6%
Other$28.3M+7.8%$30.79M+32.8%$25.64M+24.1%$25.54M+29.0%$26.26M+17.4%
US$141.51M-4.8%$149.75M+5.0%$138.47M-1.7%$138.63M-4.4%$148.63M+8.2%

FAQ

How does MarketAxess break its business down?
MarketAxess (MKTX) reports revenue by product across 4 parts — Commission Revenue, Information Services, Post Trade Services and Technology Services. Each is extracted from the segment footnotes and tracked over time.
Where does MarketAxess's segment data come from?
Segment breakdowns are pulled from the segment footnotes in MarketAxess's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.