MarketAxess Holdings, Inc.

  • Market Cap: Small Cap
  • Industry: Capital Markets
  • ISIN: US57060D1081
USD
167.25
6.49 (4.04%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

821.64 k

Shareholding (Mar 2025)

FII

28.44%

Held by 329 FIIs

DII

10.28%

Held by 69 DIIs

Promoter

0.01%

How big is MarketAxess Holdings, Inc.?

22-Jun-2025

As of Jun 18, MarketAxess Holdings, Inc. has a market capitalization of $9.03 billion, with net sales of $813.88 million and a net profit of $216.63 million over the latest four quarters.

Market Cap: As of Jun 18, MarketAxess Holdings, Inc. has a market capitalization of 9,025.49 million, classifying it as a Mid Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, MarketAxess reported net sales of 813.88 million and a net profit of 216.63 million.<BR><BR>Balance Sheet Snapshot: As of Dec 24, the company reported shareholder's funds of 1,388.66 million and total assets of 1,789.22 million.

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What does MarketAxess Holdings, Inc. do?

22-Jun-2025

MarketAxess Holdings, Inc. operates an electronic trading platform for fixed-income markets and has a market capitalization of approximately $9 billion. As of March 2025, it reported net sales of $207 million and a net profit of $15 million.

Overview:<BR>MarketAxess Holdings, Inc. operates an electronic trading platform for fixed-income market participants and belongs to the Capital Markets industry with a mid-cap market capitalization.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 207 Million (Quarterly Results - Mar 2025)<BR>Most recent Net Profit: 15 Million (Quarterly Results - Mar 2025)<BR>Market-cap: USD 9,025.49 Million (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 41.00<BR>Dividend Yield: 3.76%<BR>Debt Equity: -999,999.00<BR>Return on Equity: 16.08%<BR>Price to Book: 6.70<BR><BR>Contact Details:<BR>Address: 55 Hudson Yards Fl 15, NEW YORK NY: 10001-2163<BR>Tel: ['1 212 8316000', '1 212 8136027']<BR>Fax: 1 212 8136390<BR>Website: https://www.marketaxess.com/

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Should I buy, sell or hold MarketAxess Holdings, Inc.?

22-Jun-2025

Who are in the management team of MarketAxess Holdings, Inc.?

22-Jun-2025

As of March 2022, the management team of MarketAxess Holdings, Inc. includes Chairman and CEO Richard McVey, President and COO Christopher Concannon, Lead Independent Director Stephen Casper, and Independent Directors Nancy Altobello, Steven Begleiter, Jane Chwick, and William Cruger. They are responsible for the company's strategic direction and operations.

As of March 2022, the management team of MarketAxess Holdings, Inc. includes the following key individuals:<BR><BR>- Mr. Richard McVey serves as the Chairman of the Board and Chief Executive Officer.<BR>- Mr. Christopher Concannon holds the positions of President, Chief Operating Officer, and Director.<BR>- Mr. Stephen Casper is the Lead Independent Director.<BR>- Ms. Nancy Altobello, Mr. Steven Begleiter, Ms. Jane Chwick, and Mr. William Cruger are all Independent Directors. <BR><BR>This team plays a crucial role in guiding the company's strategic direction and operations.

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Is MarketAxess Holdings, Inc. overvalued or undervalued?

20-Sep-2025

As of July 7, 2025, MarketAxess Holdings, Inc. is considered very expensive with a high P/E ratio of 41, significantly underperforming the S&P 500 with a year-to-date return of -20.50% and a 5-year return of -59.03%, indicating potential overvaluation compared to its peers.

As of 7 July 2025, the valuation grade for MarketAxess Holdings, Inc. has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company appears to be overvalued, particularly when considering its P/E ratio of 41, which is substantially higher than its peer Tradeweb Markets, Inc. with a P/E of 47.50, and its EV to EBITDA ratio of 20.14, which again exceeds the industry average. Additionally, the Price to Book Value stands at 6.66, further emphasizing the high valuation relative to its peers.<BR><BR>In terms of performance, MarketAxess has underperformed significantly compared to the S&P 500, with a year-to-date return of -20.50% versus the S&P 500's 12.22%, and a 5-year return of -59.03% compared to the S&P 500's impressive 96.61%. This stark contrast in returns reinforces the notion that MarketAxess may be overvalued in the current market environment.

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Is MarketAxess Holdings, Inc. technically bullish or bearish?

20-Sep-2025

As of August 6, 2025, MarketAxess Holdings, Inc. shows a bearish trend supported by negative MACD, Bollinger Bands, and moving averages, with year-to-date and one-year returns significantly underperforming the S&P 500.

As of 6 August 2025, the technical trend for MarketAxess Holdings, Inc. has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from the MACD, which is bearish on both weekly and monthly time frames. The Bollinger Bands and KST also confirm a bearish outlook on both weekly and monthly periods. Daily moving averages are bearish as well. Although Dow Theory shows a mildly bullish signal on the weekly timeframe, it is mildly bearish on the monthly timeframe, indicating some divergence.<BR><BR>In terms of performance, MarketAxess has underperformed the S&P 500 across multiple periods, with a year-to-date return of -20.50% compared to the S&P 500's 12.22%, and a one-year return of -30.84% versus the S&P 500's 17.14%. Overall, the technical indicators suggest a bearish sentiment with significant weakness.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard
1

Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 22.62%

 
2

Poor long term growth as Net Sales has grown by an annual rate of 6.45% and Operating profit at 2.72%

 
3

Flat results in Jun 25

4

With ROE of 16.08%, it has a very expensive valuation with a 6.66 Price to Book Value

5

High Institutional Holdings at 100%

6

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Capital Markets

stock-summary
Market cap

USD 7,533 Million (Small Cap)

stock-summary
P/E

41.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

4.53%

stock-summary
Debt Equity

-999,999.00

stock-summary
Return on Equity

16.08%

stock-summary
Price to Book

5.43

Revenue and Profits:
Net Sales:
224 Million
(Quarterly Results - Jun 2025)
Net Profit:
71 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-7.9%
0%
-7.9%
6 Months
-22.12%
0%
-22.12%
1 Year
-36.36%
0%
-36.36%
2 Years
-30.36%
0%
-30.36%
3 Years
-40.51%
0%
-40.51%
4 Years
-52.09%
0%
-52.09%
5 Years
-69.9%
0%
-69.9%

MarketAxess Holdings, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
6.45%
EBIT Growth (5y)
2.72%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
39.82%
Dividend Payout Ratio
40.67%
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
50.58%
ROE (avg)
22.62%
Valuation key factors
Factor
Value
P/E Ratio
41
Industry P/E
Price to Book Value
6.66
EV to EBIT
24.95
EV to EBITDA
20.14
EV to Capital Employed
10.47
EV to Sales
10.36
PEG Ratio
NA
Dividend Yield
3.78%
ROCE (Latest)
41.98%
ROE (Latest)
16.08%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 134 Schemes (61.26%)

Foreign Institutions

Held by 329 Foreign Institutions (28.44%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY",
    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 13.74% vs 9.68% in Jun 2024",
        "dir": 1
      },
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        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 9.71% vs 8.35% in Jun 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "224.30",
          "val2": "197.20",
          "chgp": "13.74%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "118.30",
          "val2": "101.80",
          "chgp": "16.21%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.10",
          "val2": "0.60",
          "chgp": "-83.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "71.20",
          "val2": "64.90",
          "chgp": "9.71%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "414.90%",
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        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 6.24% vs 3.16% in Dec 2023",
        "dir": 1
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    "table": {
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        "Dec'24",
        "Dec'23",
        "Change(%)"
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          "val2": "750.90",
          "chgp": "8.92%",
          "chgp_class": "positive"
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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "chgp": "6.13%",
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        {
          "field": "Interest",
          "val1": "1.60",
          "val2": "2.00",
          "chgp": "-20.00%",
          "chgp_class": "positive"
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          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
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          "field": "Consolidate Net Profit",
          "val1": "274.20",
          "val2": "258.10",
          "chgp": "6.24%",
          "chgp_class": "positive"
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        {
          "field": "Operating Profit Margin (Excl OI)",
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Quarterly Results Snapshot (Consolidated) - Jun'25 - YoYstock-summary
Jun'25
Jun'24
Change(%)
Net Sales
224.30
197.20
13.74%
Operating Profit (PBDIT) excl Other Income
118.30
101.80
16.21%
Interest
0.10
0.60
-83.33%
Exceptional Items
0.00
0.00
Consolidate Net Profit
71.20
64.90
9.71%
Operating Profit Margin (Excl OI)
433.60%
414.90%
1.87%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in quarter ended Jun 2025 is 13.74% vs 9.68% in Jun 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Jun 2025 is 9.71% vs 8.35% in Jun 2024

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
817.90
750.90
8.92%
Operating Profit (PBDIT) excl Other Income
419.30
395.10
6.13%
Interest
1.60
2.00
-20.00%
Exceptional Items
0.00
0.00
Consolidate Net Profit
274.20
258.10
6.24%
Operating Profit Margin (Excl OI)
414.30%
424.40%
-1.01%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 8.92% vs 4.48% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 6.24% vs 3.16% in Dec 2023

stock-summaryCompany CV
About MarketAxess Holdings, Inc. stock-summary
stock-summary
MarketAxess Holdings, Inc.
Capital Markets
MarketAxess Holdings Inc. operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities. Through Open Trading protocols, it executes trades in certain bonds between and among institutional investor and broker-dealer clients in a trading environment on a matched principal basis. It offers trading-related products and services, including market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments, and execution services for exchange-traded fund managers.
Company Coordinates stock-summary
Company Details
55 Hudson Yards Fl 15 , NEW YORK NY : 10001-2163
stock-summary
Tel: 1 212 83160001 212 8136027
stock-summary
Registrar Details