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Company Analysis

MarketAxess Holdings, Inc. MKTX

A comprehensive view of key metrics, scores, and financial health for MarketAxess Holdings, Inc.

Overview of MarketAxess Holdings Inc.

MKTX NMS
Financial Services Capital Markets Framework: Asset Management & Capital Markets Mid Cap
MarketAxess Holdings Inc. (MKTX), is a Mid Cap company, in the Capital Markets industry, last closed at $120.89, about 51.1% undervalued vs fair value, -46.3% 1Y return, placing in the top 25% of its sector.
Metrics P/E 27.3× Rev Growth 3.9% ROE 19.5% Gross Margin 69.9% Div Yield 1.71%
USD 120.89
3.92%
(Delayed)
• Vol 90d: 29.8%
52-Week Range
Market Cap
$4.13B
Enterprise Value
$3.90B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Excellent
Health
Fair
Efficiency
Fair
Valuation
Good
Growth
Fair
Profitability
Excellent
Health
Fair
Efficiency
Fair
Valuation
Good
Completeness: 82%
Confidence: 54%
Updated: Mar 8
Top Beats

Quick Facts

Website https://www.marketaxess.com
HQ New York, NY
Employees 868
Fiscal year Dec 31

Next Events

Earnings Aug 6 Estimated

Fair Value Snapshot

Bear Base Bull
$138
$183
$250
Current: $120.89 +51% vs base

Engine Room Money Flow™

Mid Cap

Asset Management & Capital Markets - Where revenue goes and how value is created

Flow Steps
Total Revenue
$846.3M
3.6%%
Operating Income (FRE Proxy)
$341.8M
0.3%%
EBITDA
$452.7M
2.3%%
Net Income
$246.6M
-10%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Asset Management & Capital Markets

Quality & Reliability Indicators

Operating Margin (FRE Proxy)
40.4%
Excellent

Operating Income / Revenue — proxy for Fee-Related Earnings margin

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$535.2M
217.0% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Asset Management Specialized

Competitive Advantage Assessment

Evaluating MarketAxess Holdings, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
73
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Fee Revenue Quality

Moderate
70
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Asset Managers, Capital Markets & Exchanges vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing MKTX's balance between Growth (24.9%), Profitability (41.9%), and Safety (33.2%). Growth 25% Safety 33% Profitability 42%

Click axes to expand details. Marker shows current allocation.

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Growth

41th percentile vs peers
42
Key Signals
Rev Growth YoY 3.9% 43p EPS Growth YoY -8.8% 36p Revenue CAGR 3Y 5.7% 43p EPS CAGR 3Y -0.0% 45p
Strengths
  • ROE in top 20% of peers (19.5%, 81th percentile)
  • Interest Coverage Ratio in top 20% of peers (247.80, 94th percentile)
  • ROA in top 20% of peers (14.4%, 94th percentile)
Risks

No significant risks identified for this axis.

Profitability

70th percentile vs peers
70
Key Signals
Strengths
Risks
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Safety

55th percentile vs peers
56
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for MarketAxess Holdings, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$182.61
- - -
+51.1% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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