MarketAxess MKTX Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Commission Revenue | $203.47M+12.2% | $181.34M+0.6% | $180.17M-6.0% | $191.77M+5.7% | $181.34M+3.8% | |
| Information Services | $14.45M+7.4% | $13.45M-2.4% | $13.79M+5.3% | $13.09M+1.4% | $12.9M-1.9% | |
| Post Trade Services | $11.61M+5.2% | $11.03M-2.3% | $11.29M+2.0% | $11.08M-0.1% | $11.09M+1.0% | |
| Technology Services | $3.86M+7.7% | $3.58M+0.3% | $3.57M+1.2% | $3.53M+8.9% | $3.24M-7.6% | |
| Contract With Customer Liability Revenue Recognized Including Additions by Product | ||||||
| Information Services | $4.2M+9.7% | $3.83M-11.1% | $4.3M+18.5% | $3.63M-2.2% | $3.71M-3.6% | |
| Post Trade Services | $6M+38.4% | $4.34M+75.9% | $2.47M-71.0% | $8.5M+36.0% | $6.25M+146% | |
| Technology Services | $2.06M— | $0-100% | $2.01M-2.0% | $2.05M+3.7% | $1.98M-2.6% | |
| Contract With Customer Liability Payments Received by Product | ||||||
| Information Services | $3.87M— | —— | $4.39M+9.8% | $4M+31.5% | $3.04M-24.8% | |
| Post Trade Services | $6.6M— | —— | $3.91M-39.6% | $6.47M-5.9% | $6.88M+198% | |
| Technology Services | $2.05M— | —— | $2.02M+0.6% | $2M+3.7% | $1.93M-4.7% | |
| Revenue by Geography | ||||||
| GB | $52.85M+16.7% | $45.3M+1.4% | $44.66M+0.2% | $44.57M+4.3% | $42.73M+4.7% | |
| Other | $30.79M+20.1% | $25.64M+0.4% | $25.54M-2.8% | $26.26M+13.3% | $23.19M+12.2% | |
| US | $149.75M+8.1% | $138.47M-0.1% | $138.63M-6.7% | $148.63M+4.2% | $142.66M+1.2% | |
| PP&E (Net) by Geography | ||||||
| GB | $9.6M-10.7% | $10.74M+0.3% | $10.71M-7.5% | $11.58M-1.3% | $11.74M-7.5% | |
| Other | $1.84M-0.1% | $1.84M+7.1% | $1.72M+5.5% | $1.63M+6.7% | $1.53M-6.4% | |
| US | $100.21M+0.4% | $99.85M+0.7% | $99.19M+3.3% | $95.99M+1.5% | $94.59M+1.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- 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.