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MarketAxess MKTX Total Operating Expenses

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Other financials

Income statement

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Revenue$218.4M-0.5%
Operating income$89.9M-2.2%
Net income$68.1M-4.3%
EPS (diluted)$1.93+1.0%

Balance sheet

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Cash & equivalents$419.7M-35.5%
Total debt$178.9M+158%
Total equity$1.2B-10.6%
Total assets$2.4B+22.6%

Cash flow

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Operating cash flow-$75.3M-354%
CapEx$649.0K-46.2%
Free cash flow-$75.6M-373%

Valuation

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Market cap$5.72B-18.3%
Enterprise value$5.48B-14.7%
P/E18.7×-12.8×
P/S6.6×-1.8×

Profitability

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Operating margin40.5%-1.0pp
Net margin35.2%+8.6pp
FCF margin31.1%-19.1pp

Returns & leverage

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Return on equity23.3%+6.9pp
Debt / equity0.1×+0.1×

Where this comes from

Reported directly by MarketAxess in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: MarketAxess’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340249
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Marketing and advertising3,4422,9525,7765,013
Clearing costs4,3594,4478,7858,632
General and administrative5,7835,40311,52211,119
Total expenses128,538127,598260,997247,792
Operating income89,87791,864190,798180,246
Other income (expense)
Interest income4,6925,9309,00013,099
Interest expense(1,862)(139)(4,750)(352)

Item 1. Financial Statements (Unaudited)

FAQ

What is MarketAxess's total operating expenses?
MarketAxess (MKTX) reported total operating expenses of $128.54M in Q2 2026.
How has MarketAxess's total operating expenses changed year-over-year?
MarketAxess's total operating expenses increased by 0.7% year-over-year, from $127.6M to $128.54M.
What is the long-term trend for MarketAxess's total operating expenses?
Over 4 years (2021 to 2025), MarketAxess's total operating expenses has grown at a 8.7% compound annual growth rate (CAGR), from $361.72M to $504.43M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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