MarketAxess Holdings, Inc. (MKTX)

From the record

MarketAxess Holdings, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

MarketAxess Holdings, Inc.'s 10 filed years say what it did: revenue went from $368 million in fiscal 2016 to $846 million in fiscal 2025, up 9.7% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, MarketAxess Holdings, Inc.'s diluted share count shrank about 0.4% a year, and dividends and buybacks returned about 45% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 13 sales (12 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, MarketAxess Holdings, Inc. earned about 22 cents of profit for every dollar of shareholders' money. Leverage: it owed about 41 cents per dollar of assets, and net share issuance: its share count shrank 1.4% over the year (the filed statements).

From the record

MarketAxess Holdings, Inc.'s standing among 29 graded names in its industry family: revenue of $846 million in fiscal 2025 ranks in the bottom 29% by size; a net margin of 29.1% ranks in the top 26%; revenue growth of 5.6% a year over the last 3 filed years ranks in the bottom 13% (its annual reports).

From the record

MarketAxess Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Concannon, Christopher R (Chief Executive Officer, as filed), filing under that title since 2023-04-05, 3.6 years (top 47% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 7.1 years (bottom 36%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (bottom 12%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

MarketAxess Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $520 million against no long-term debt tagged leaves 26.9% of its assets as net cash, top 29% of its family; cash from operations less capital spending is 44.2% of revenue (top 19%) (its annual report).

From the record

MarketAxess Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 5.6% a year over the last three filed years against 9.7% over all 10, slowing (bottom 28% of its family); the newest year grew 3.6% (bottom 13%); capital spending grew -14.5% a year (bottom 33%) (its annual reports). MarketAxess Holdings, Inc. reported 4 product lines in fiscal 2025: Commission Revenue at $735 million (87%), Information Services at $53 million (6%), Post Trade Services at $44 million (5%), and 1 more; 4 of 4 grew against the year before (its annual report).

From the record

MarketAxess Holdings, Inc.'s newest year against its own record: revenue of $846 million in fiscal 2025 came in 2.9% below the $871 million its prior three years' pace pointed to (bottom 38% of its family); net income of $247 million against a prior three-year average of $261 million (bottom 21%); a net margin of 29.1% against 34.2% before (bottom 14%) (its annual reports).