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MarketAxess MKTX Business Segments

FY'25FY'24FY'23FY'22
Revenue by Product
Commission Revenue$734.62M+3.2%$711.71M+7.4%$662.96M+3.4%$641.18M+3.2%
Information Services$53.23M+5.3%$50.54M+9.0%$46.38M+18.0%$39.31M+3.0%
Post Trade Services$44.49M+4.7%$42.49M+5.7%$40.18M+9.0%$36.88M-5.3%
Technology Services$13.92M+12.7%$12.36M+309%$3.02M+226%$926K+9.5%
Contract With Customer Liability Revenue Recognized Including Additions by Product
Information Services$15.47M+5.3%$14.7M+14.9%$12.79M+13.9%$11.23M+8.7%
Post Trade Services$21.55M+7.4%$20.06M-13.2%$23.11M+45.5%$15.88M+0.5%
Technology Services$6.05M-27.7%$8.37M+1,515%$518K
Contract With Customer Liability Revenue Billed In Advance by Product
Information Services$15.51M
Post Trade Services$21.55M
Technology Services$5.94M
Revenue by Geography
GB$177.26M+9.5%$161.84M+10.1%$147.02M+15.9%$126.86M
Other$100.63M+16.1%$86.66M+5.9%$81.85M+1.5%$80.64M
US$568.38M0.0%$568.6M+8.6%$523.68M+2.5%$510.8M
PP&E (Net) by Geography
GB$44.77M
Other$6.72M
US$389.63M

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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.