MarketAxess Holdings Inc. (MKTX) Stock Price & Analysis
MarketAxess Holdings Inc. (MKTX) closed at USD 164.66 on Thursday, October 22, 2026, up 0.24% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 164.26; the Oct 22, 2026 session ranged USD 164.55–165.19 on volume of 1,853,286 shares. Market capitalization is $5.80B, with a 52-week range of USD 108.75–195.97 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MKTX.md
Key facts (MKTX)
- Last four reported quarters (through Jun 30, 2026): revenue $870M, net income $306M (35.2% margin) (SEC filings).
- Valuation: P/E 18.9x (avg 33.7x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold MKTX (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (12 analysts), mean target USD 162.22 (range 124–167).
- Total return with dividends: 1Y -2.1% vs S&P 500 +14.9%; 5Y -57.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.95, revenue estimate $219M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MKTX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $699M | $718M | $753M | $817M | $846M | $870M |
| Operating income | $337M | $327M | $315M | $341M | $342M | $352M |
| Net income | $258M | $250M | $258M | $274M | $247M | $306M |
| EPS (diluted) | $6.77 | $6.65 | $6.85 | $7.28 | $6.64 | — |
| Free cash flow | $265M | $276M | $324M | $375M | $374M | $194M |
| Operating margin | 48.2% | 45.5% | 41.9% | 41.7% | 40.4% | 40.5% |
| Net margin | 36.9% | 34.8% | 34.3% | 33.6% | 29.1% | 35.2% |
| Revenue growth | +1.4% | +2.8% | +4.8% | +8.6% | +3.6% | — |
| Cash + short-term investments | $507M | $431M | $451M | $544M | $520M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MKTX)
P/E 18.9x · P/S 6.7x · P/FCF 29.8x · P/B 4.7x · FCF yield 3.35% · Earnings yield 5.29% · Buyback yield (TTM) 5.96%
P/E at fiscal year-ends: Dec 2025 27.3x, Dec 2024 31.1x, Dec 2023 42.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (MKTX)
2 of 80 tracked investors hold MKTX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I | 1.25% | $5.9M | Added +65.7% | |
| First Eagle Investment | First Eagle Investment Management | 0.01% | $5.6M | New position |
Analysts (MKTX)
Consensus Hold (mean 3.00 on a 1–5 scale), 12 analysts; mean target USD 162.22 (low 124, high 167).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Morgan Stanley | Target raised | Equal-Weight | $129 → $167 |
| 2026-08-11 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | $150 → $167 |
| 2026-08-10 | Barclays | Target raised | Equal-Weight | $132 → $167 |
| 2026-07-31 | UBS | Downgrade | Buy → Neutral | $200 → $167 |
| 2026-07-15 | Piper Sandler | Target lowered | Neutral | $175 → $128 |
| 2026-07-10 | Morgan Stanley | Target lowered | Equal-Weight | $195 → $129 |
| 2026-07-09 | Barclays | Target lowered | Equal-Weight | $170 → $132 |
| 2026-07-08 | UBS | Target lowered | Buy | $215 → $200 |
| 2026-06-30 | Goldman Sachs | Target lowered | Neutral | $168 → $130 |
Total return (dividends reinvested) (MKTX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -2.1% | -57.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -2.2% | -15.8% |
| Volatility (annualized) | 36.3% | 37.3% |
| Max drawdown | -43.3% (Mar 2026→Jun 2026) | -71.2% (Oct 2021→Jun 2026) |
Companies that name MKTX in their SEC reports
| Relationship to MKTX | Company | Filing | Sentence |
|---|---|---|---|
| partner | Virtu Financial, Inc. (VIRT) | 10-K Feb 20, 2026 | “On April 19, 2024, the Company entered into a Unit Purchase Agreement with MarketAxess Holdings Inc. ("MarketAxess") to sell a 49% interest in the multi-asset request-for-quote communication platform joint venture ("JV"), RFQ-hub Holdings LLC ("RFQ-hub Holdings," or collectively with its wholly owned or controlled subsidiaries, "RFQ-hub").” |
MKTX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.95 | $1.95 | +0.1% | $219.4M | 9 |
| Next quarter (ends Dec 2026) | $1.82 | $1.82 | -0.1% | $220.3M | 9 |
| Current fiscal year (ends Dec 2026) | $7.97 | $7.92 | +0.5% | $895.2M | 11 |
| Next fiscal year (ends Dec 2027) | $8.75 | $8.74 | +0.2% | $954.8M | 11 |
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 164.66 |
|---|---|
| Change | ▲ 0.24% (up) |
| Previous Close | USD 164.26 |
| Open | USD 164.64 |
| Day Range | USD 164.55 – 165.19 |
| 52-Week Range | USD 108.75 – 195.97 |
| Volume | 1,853,286 shares |
| Market Cap | $5.80B |
| Exchange | NMS |
Technical Analysis (MKTX)
Nexqual's technical model rates MKTX "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 64.43 (neutral) |
| vs SMA50 | Above (USD 163.46) |
| MACD | 0.74 (positive) |
Analyst Ratings (MKTX)
Wall Street analysts rate MKTX "Hold" based on 12 analysts, with a mean price target of USD 162.22 (range USD 124–167), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 162.22 |
| High Target | USD 167 |
| Low Target | USD 124 |
| Buy / Hold / Sell | 0 / 12 / 0 |
Earnings (MKTX)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.95 |
| Revenue Estimate | $219.39M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.95 vs est 1.86 ▲ beat |
| 2026-03-31 | USD 2.25 vs est 2.15 ▲ beat |
| 2025-12-31 | USD 1.68 vs est 1.64 ▲ beat |
| 2025-09-30 | USD 1.84 vs est 1.7 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (MKTX)
| Total Revenue | $870.03M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -0.50% |
| Gross Margin | +61.66% |
| Operating Margin | +41.86% |
| Profit Margin | +35.22% |
| ROE | +23.14% |
| Debt / Equity | 0.14 |
| Current Ratio | 7.47 |
| Total Cash | $346.31M |
| Total Debt | $178.91M |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (MKTX)
Nexqual rates MarketAxess Holdings Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Mixed — Revenue +3.6% YoY (annual), slow |
|---|---|
| Profitability | Strong — Net margin 29% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Security Brokers, Dealers & Flotation Companies) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Security Brokers, Dealers & Flotation Companies) |
| Efficiency | Strong — ROE 23%, ROA 10.2% |
Ownership (MKTX)
| Insider Ownership | +0.74% |
|---|---|
| Institutional Ownership | +113.98% |
| Shares Outstanding | 35.20M |
| Float | 29.62M |
| Short % of Float | +11.66% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (MKTX)
MarketAxess Holdings Inc. is led by Christopher Robert Concannon, CEO & Director, per Nexqual as of October 23, 2026 at 09:26 UTC.
| CEO & Director | Christopher Robert Concannon |
|---|---|
| Chief Financial Officer | Ilene J. Fiszel Bieler |
| Group COO & CEO of Europe, the Middle East & Africa, and Asia-Pacific | Dean Berry |
| Chief Revenue Officer | Kevin M. McPherson |
| Chief Technology Officer | William Quan |
Major Backers & Investors (MKTX)
Notable institutional backers of MarketAxess Holdings Inc. include Primecap Management Company, North Reef Capital Management LP, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Primecap Management Company | 9.96% |
| North Reef Capital Management LP | 9.65% |
| AQR Capital Management, LLC | 5.65% |
| FMR, LLC | 3.99% |
| PRIMECAP Odyssey Funds-PRIMECAP Odyssey Aggressive Growth Fund | 3.79% |
| Neuberger Berman Group, LLC | 3.49% |
| Goldman Sachs | 2.93% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.37% |
| Vanguard Group | 10.36% |
| State Street | 3.64% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| WULF | TeraWulf Inc. | USD 11.32 | ▼ 11.29% |
| BGC | BGC Group, Inc. | USD 11.89 | ▲ 0.51% |
| PJT | PJT Partners Inc. | USD 142.85 | ▲ 4.77% |
| FIGR | Figure Technology Solutions, In | USD 24.04 | ▼ 5.21% |
| VIRT | Virtu Financial, Inc. | USD 56.25 | ▼ 1.52% |
| RIOT | Riot Platforms, Inc. | USD 12.89 | ▼ 8.06% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
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