MarketAxess (MKTX) Stock Price, News & Analysis

Company Overview

MarketAxess is a leading electronic trading platform specializing in fixed-income securities for institutional investors. Since its founding in 2000 by Richard McVey, who continues to serve as Chairman and Chief Executive Officer, the company has focused on delivering a streamlined, technology‐driven marketplace for corporate bonds, municipal debt, emerging‐market debt, credit default swaps and other credit products. Through its digital network, MarketAxess connects buy‐side and sell‐side participants across major global markets, enhancing price discovery, transparency and execution efficiency.

The firm’s core offerings include a suite of trading protocols—such as request‐for‐quote (RFQ), all‐to‐all, portfolio trading and periodic auctions—that enable market participants to customize execution strategies and improve liquidity. In addition to trade execution, MarketAxess provides Open Trading Data, a post‐trade market data service that aggregates anonymized transaction information. The platform also integrates smart‐order routing capabilities and advanced analytics, supporting clients in monitoring market activity, managing risk and identifying trading opportunities.

Over the years, MarketAxess has expanded its global footprint through strategic partnerships and acquisitions. The company entered the European credit market in the early 2010s and extended into Asia Pacific with a joint venture in China. It has acquired complementary businesses to enhance its product set, including a smart‐order routing provider for U.S. Treasury trading and a European market data specialist. This growth has positioned MarketAxess as one of the principal venues for electronic credit trading worldwide.

Headquartered in New York City, MarketAxess maintains regional offices in London, Hong Kong, Singapore and Tokyo, supporting a diverse client base of asset managers, hedge funds, insurance companies and other institutional investors. Under the leadership of its executive team, the company continues to invest in technology innovation and regulatory compliance, striving to advance the electronic trading ecosystem for fixed‐income markets around the globe.

Key Stats

• Today's Range: $214.42 to $218.06
• 50-Day Range: $210.82 to $230.97
• 52-Week Range: $186.84 to $296.68
• Volume: 302,184 shs
• Average Volume: 498,395 shs
• Market Capitalization: $8.31 billion
• P/E Ratio: 38.55
• Dividend Yield: 1.37%
• Price Target: $241.78
• Consensus Rating: Hold

MarketAxess Stock Analysis - MarketRank™

MarketAxess scored higher than 84% of companies evaluated by MarketBeat, and ranked 748th out of 2,763 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

MarketAxess has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 4 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

MarketAxess has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 11.94%

Earnings Growth

Earnings for MarketAxess are expected to grow by 11.94% in the coming year, from $7.79 to $8.72 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MarketAxess is 38.55, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of MarketAxess is 38.55, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 20.06.

Price to Earnings Growth Ratio

MarketAxess has a PEG Ratio of 2.85. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

MarketAxess has a P/B Ratio of 6.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.49% of the float of MarketAxess has been sold short.

Short Interest Ratio / Days to Cover

MarketAxess has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MarketAxess has recently increased by 19.63%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

MarketAxess pays a meaningful dividend of 1.39%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MarketAxess has only been increasing its dividend for 2 years.

Dividend Coverage

The dividend payout ratio of MarketAxess is 52.87%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, MarketAxess will have a dividend payout ratio of 34.86% next year. This indicates that MarketAxess will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.44

Percentage of Shares Shorted

3.49% of the float of MarketAxess has been sold short.

Short Interest Ratio / Days to Cover

MarketAxess has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MarketAxess has recently increased by 19.63%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.66

News Sentiment

MarketAxess has a news sentiment score of 1.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for MarketAxess this week, compared to 11 articles on an average week.

Search Interest

3 people have searched for MKTX on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MarketAxess insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.65% of the stock of MarketAxess is held by insiders.

Percentage Held by Institutions

99.01% of the stock of MarketAxess is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MKTX Stock Analysis - Frequently Asked Questions

How have MKTX shares performed this year?

MarketAxess' stock was trading at $226.04 on January 1st, 2025. Since then, MKTX shares have decreased by 1.9% and is now trading at $221.6790.

How were MarketAxess' earnings last quarter?

MarketAxess Holdings Inc. (NASDAQ:MKTX) issued its earnings results on Wednesday, May, 7th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. The business's quarterly revenue was down .8% on a year-over-year basis.
Read the conference call transcript.

How will MarketAxess' stock buyback program work?

MarketAxess' board approved a share buyback program on Tuesday, August 6th 2024, which authorizes the company to repurchase $250,000,000 in shares, according to EventVestor. This means that the company could purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Does MarketAxess have any subsidiaries?

MarketAxess subsidiaries include LiquidityEdge.

Who are MarketAxess' major shareholders?

Top institutional shareholders of MarketAxess include Harbor Investment Advisory LLC. Insiders that own company stock include Richard M Mcvey, Kevin M Mcpherson, Christopher R Concannon, Stephen P Casper, Steven L Begleiter, Scott Pintoff and Christophe Pierre Danie Roupie.
View institutional ownership trends.

How do I buy shares of MarketAxess?

Shares of MKTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of MarketAxess own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MarketAxess investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Broadcom (AVGO), Netflix (NFLX) and Chevron (CVX).

Company Calendar

• Last Earnings: 5/07/2025
• Record date for 6/4 Dividend: 5/21/2025
• Ex-Dividend for 6/4 Dividend: 5/21/2025
• Dividend Payable: 6/04/2025
• Today: 7/04/2025
• Next Earnings (Estimated): 8/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - INVEST BKRS
• Sub-Industry: Specialized Finance
• Current Symbol: NASDAQ:MKTX
• CIK: 1278021
• Web: www.marketaxess.com
• Phone: (212) 813-6000
• Fax: 212-813-6390
• Employees: 740
• Year Founded: 2000

Price Target and Rating

• Average Stock Price Target: $241.78
• High Stock Price Target: $295.00
• Low Stock Price Target: $191.00
• Potential Upside/Downside: +9.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.30
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.75
• Trailing P/E Ratio: 38.55
• Forward P/E Ratio: 28.46
• P/E Growth: 2.85
• Net Income: $274.18 million
• Net Margins: 26.57%
• Pretax Margin: 44.15%
• Return on Equity: 19.93%
• Return on Assets: 14.70%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.01
• Quick Ratio: 3.01

Sales & Book Value

• Annual Sales: $817.10 million
• Price / Sales: 10.17
• Cash Flow: $9.51 per share
• Price / Cash Flow: 23.30
• Book Value: $36.83 per share
• Price / Book: 6.02

Miscellaneous

• Outstanding Shares: 37,500,000
• Free Float: 37,258,000
• Market Cap: $8.31 billion
• Optionable: Optionable
• Beta: 0.85