MarketAxess MKTX Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Commission Revenue | $756.75M+3.0% | $734.62M+0.9% | $728.05M0.0% | $728.27M+2.8% | $708.18M-0.5% | |
| Information Services | $54.77M+2.9% | $53.23M+0.6% | $52.93M+1.6% | $52.11M+1.1% | $51.56M+2.0% | |
| Post Trade Services | $45.01M+1.2% | $44.49M+0.1% | $44.43M+2.1% | $43.52M+1.6% | $42.85M+0.8% | |
| Technology Services | $14.54M+4.4% | $13.92M+0.5% | $13.85M+4.5% | $13.26M+3.9% | $12.77M+3.3% | |
| Contract With Customer Liability Revenue Recognized Including Additions by Product | ||||||
| Information Services | $15.96M+3.1% | $15.47M-0.2% | $15.5M+4.3% | $14.86M0.0% | $14.86M+1.2% | |
| Post Trade Services | $21.3M-1.2% | $21.55M+9.1% | $19.76M-17.5% | $23.94M+15.0% | $20.82M+3.8% | |
| Technology Services | $6.12M+1.3% | $6.05M-25.2% | $8.08M-0.9% | $8.15M-1.0% | $8.24M-1.6% | |
| Revenue by Geography | ||||||
| GB | $187.37M+5.7% | $177.26M+2.6% | $172.79M+1.6% | $170.03M+4.1% | $163.35M+0.9% | |
| Other | $108.23M+7.6% | $100.63M+5.2% | $95.66M+6.4% | $89.91M+4.5% | $86.03M-0.7% | |
| US | $575.47M+1.2% | $568.38M-0.4% | $570.82M-1.1% | $577.22M+2.0% | $565.98M-0.5% | |
| PP&E (Net) by Geography | ||||||
| GB | $42.63M-4.8% | $44.77M-4.2% | $46.71M— | —— | —— | |
| Other | $7.03M+4.6% | $6.72M+3.2% | $6.51M— | —— | —— | |
| US | $395.24M+1.4% | $389.63M+1.8% | $382.76M— | —— | —— |
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.