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+3.8% | $180.17M-0.1% | $191.77M+11.7% | $181.34M-1.9% | |
| Information Services | $14.45M+11.9% | $13.45M+2.3% | $13.79M+6.4% | $13.09M+4.3% | $12.9M+8.6% | |
| Post Trade Services | $11.61M+4.7% | $11.03M+0.5% | $11.29M+8.8% | $11.08M+6.5% | $11.09M+3.3% | |
| Technology Services | $3.86M+19.0% | $3.58M+2.1% | $3.57M+19.8% | $3.53M+16.2% | $3.24M+14.4% | |
| Contract With Customer Liability Revenue Recognized Including Additions by Product | ||||||
| Information Services | $4.2M+13.0% | $3.83M-0.7% | $4.3M+17.3% | $3.63M-0.1% | $3.71M+4.8% | |
| Post Trade Services | $6M-4.0% | $4.34M+70.4% | $2.47M-62.9% | $8.5M+57.9% | $6.25M+13.9% | |
| Technology Services | $2.06M+3.8% | $0-100% | $2.01M-3.5% | $2.05M-3.9% | $1.98M-6.2% | |
| Contract With Customer Liability Payments Received by Product | ||||||
| Information Services | $3.87M+27.0% | —— | $4.39M+17.4% | $4M+7.6% | $3.04M-11.5% | |
| Post Trade Services | $6.6M-4.1% | —— | $3.91M-39.4% | $6.47M+25.1% | $6.88M+5.8% | |
| Technology Services | $2.05M+5.8% | —— | $2.02M-3.3% | $2M-4.0% | $1.93M-4.0% | |
| Revenue by Geography | ||||||
| GB | $52.85M+23.7% | $45.3M+11.0% | $44.66M+6.6% | $44.57M+17.6% | $42.73M+3.7% | |
| Other | $30.79M+32.8% | $25.64M+24.1% | $25.54M+29.0% | $26.26M+17.4% | $23.19M-2.7% | |
| US | $149.75M+5.0% | $138.47M-1.7% | $138.63M-4.4% | $148.63M+8.2% | $142.66M-1.8% | |
| PP&E (Net) by Geography | ||||||
| GB | $9.6M-18.2% | $10.74M-15.3% | $10.71M— | $11.58M— | $11.74M— | |
| Other | $1.84M+20.4% | $1.84M+12.9% | $1.72M— | $1.63M— | $1.53M— | |
| US | $100.21M+5.9% | $99.85M+7.4% | $99.19M— | $95.99M— | $94.59M— |
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.