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MarketAxess MKTX Unrecognized Tax Benefits

Unrecognized Tax Benefits at other companies

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Tradeweb Markets Inc.TW
$29.94M+52.6%
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StepStone Group Inc.STEP
$0
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BlackrockBLK
$511M-1.2%

Other financials

Income statement

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Revenue$233.4M+11.9%
Operating income$100.9M+14.2%
Net income$77.9M+417%
EPS (diluted)$2.20+450%

Balance sheet

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Cash & equivalents$548.2M-14.9%
Total debt$292.0M+312%
Total equity$1.2B-11.6%
Total assets$2.3B+22.5%

Cash flow

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Operating cash flow-$75.3M-354%
CapEx$259.0K-86.6%
Free cash flow-$75.6M-373%

Valuation

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Market cap$4.2B-28.1%

Profitability

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Operating margin40.7%-0.6pp
Net margin35.5%+9.0pp
FCF margin31.1%-19.1pp

Returns & leverage

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Return on equity24.4%+8.1pp
Debt / equity0.2×+0.2×

Where this comes from

Reported directly by MarketAxess in its filing.

Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefits.

The official record: MarketAxess’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MarketAxess's unrecognized tax benefits?
MarketAxess (MKTX) reported unrecognized tax benefits of $22.36M in Q4 2025.
What is the long-term trend for MarketAxess's unrecognized tax benefits?
Over 5 years (2020 to 2025), MarketAxess's unrecognized tax benefits has grown at a 6.5% compound annual growth rate (CAGR), from $16.32M to $22.36M.
What does unrecognized tax benefits mean?
This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.