MarketAxess (MKTX) Stock Price, News & Analysis

Company Overview

MarketAxess Holdings Inc. operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency. The firm’s suite of data and analytics solutions, including MarketAxess Data Services, delivers real-time and historical trading insights, transaction cost analysis and market intelligence to support informed decision-making. MarketAxess further extends its offerings with composite pricing benchmarks and regulatory reporting tools that help clients meet compliance requirements.

Founded in 2000 by Richard M. “Rick” McVey, MarketAxess is headquartered in New York City and has established regional offices in London, Singapore and Hong Kong to serve clients worldwide. McVey has guided the firm’s growth from an innovative start-up into a publicly traded company listed on the NASDAQ under the ticker MKTX, and he currently serves as Executive Chairman. The company’s leadership team includes experienced professionals with backgrounds in capital markets, technology and operations.

Serving a broad client base of institutional investors, asset managers and dealer counterparties, MarketAxess continues to expand its global footprint and product capabilities. By leveraging advanced technology and a deep pool of liquidity providers, the firm aims to drive greater transparency, efficiency and resiliency in the fixed-income markets it supports.

Key Stats

• Today's Range: $183.13 to $184.99
• 50-Day Range: $182.55 to $223.34
• 52-Week Range: $182.15 to $296.68
• Volume: 53,495 shs
• Average Volume: 588,768 shs
• Market Capitalization: $6.83 billion
• P/E Ratio: 30.78
• Dividend Yield: 1.66%
• Price Target: $228.09
• Consensus Rating: Hold

MarketAxess Stock Analysis - MarketRank™

MarketAxess scored higher than 98% of companies evaluated by MarketBeat, and ranked 50th out of 930 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: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

MarketAxess has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 6 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: 2.5 / 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 30.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 269.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of MarketAxess is 30.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 226.15.

Price to Earnings Growth Ratio

MarketAxess has a PEG Ratio of 3.56. 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 4.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.55% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MarketAxess has recently decreased by 5.80%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

MarketAxess pays a meaningful dividend of 1.65%, 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 51.18%. 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

3.55% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MarketAxess has recently decreased by 5.80%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.34

News Sentiment

MarketAxess has a news sentiment score of 1.34. 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 news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for MarketAxess this week, compared to 14 articles on an average week.

Search Interest

6 people have searched for MKTX on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added MarketAxess to their MarketBeat watchlist in the last 30 days. This is a decrease 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 2.66% 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 at the beginning of the year. Since then, MKTX shares have decreased by 19.0% and is now trading at $183.1250.

How were MarketAxess' earnings last quarter?

MarketAxess Holdings Inc. (NASDAQ:MKTX) released its quarterly earnings data on Wednesday, August, 6th. The financial services provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.06. The company's quarterly revenue was up 11.0% on a year-over-year basis.
Read the conference call transcript.

How will MarketAxess' stock buyback program work?

MarketAxess' Board of Directors initiated a share repurchase program on Tuesday, August 6th 2024, which allows the company to repurchase $250,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Does MarketAxess have any subsidiaries?

MarketAxess subsidiaries include these companies: LiquidityEdge.

Who are MarketAxess' major shareholders?

Top institutional investors of MarketAxess include State Street Corp (4.10%), Primecap Management Co. CA (3.58%), Geode Capital Management LLC (3.04%) and Invesco Ltd. (2.28%). 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

• Record date for 6/4 Dividend: 5/21/2025
• Ex-Dividend for 6/4 Dividend: 5/21/2025
• Dividend Payable: 6/04/2025
• Last Earnings: 8/06/2025
• Record date for 9/3 Dividend: 8/20/2025
• Ex-Dividend for 9/3 Dividend: 8/20/2025
• Today: 9/01/2025
• Dividend Payable: 9/03/2025
• Next Earnings (Estimated): 11/05/2025
• 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 Price Target for MarketAxess: $228.09
• High Price Target: $274.00
• Low Price Target: $191.00
• Potential Upside/Downside: +24.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.94
• Trailing P/E Ratio: 30.95
• Forward P/E Ratio: 23.60
• P/E Growth: 3.56
• Net Income: $274.18 million
• Net Margins: 26.62%
• Pretax Margin: 44.32%
• Return on Equity: 20.41%
• Return on Assets: 15.04%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.78
• Quick Ratio: 2.78

Sales & Book Value

• Annual Sales: $817.10 million
• Price / Sales: 8.41
• Cash Flow: $9.40 per share
• Price / Cash Flow: 19.55
• Book Value: $36.83 per share
• Price / Book: 4.99

Miscellaneous

• Outstanding Shares: 37,360,000
• Free Float: 36,370,000
• Market Cap: $6.87 billion
• Optionable: Optionable
• Beta: 0.88