Freedom (FRHC) vs MarketAxess (MKTX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Freedom (FRHC) has outperformed MarketAxess (MKTX) over the past year, gaining 2.7% versus a loss of 2.4%. Over five years, FRHC leads with a +176.1% price change compared with -59.5% for MKTX. Freedom is the larger company by market cap ($10.63 billion vs $5.78 billion), about 1.8 times the size.
On valuation, MarketAxess trades at a lower forward P/E (18.8x vs 37.0x for Freedom). MarketAxess pays a dividend yielding 1.87%, while Freedom does not currently pay one. MarketAxess converts more of its revenue into profit, with a net margin of 29.1% versus 7.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FRHC | MKTX |
|---|---|---|
| Share price | $166.70 | $164.31 |
| Market cap | $10.63B | $5.78B |
| 1-day change | -4.61% | +0.09% |
| YTD return | +43.61% | -9.42% |
| 1-year return | +2.73% | -2.36% |
| 5-year return | +176.07% | -59.54% |
| P/E ratio (TTM) | 66.15 | 19.42 |
| Forward P/E | 37.04 | 18.78 |
| EPS (TTM) | $2.52 | $8.46 |
| Dividend yield | 0.00% | 1.87% |
| Annual dividend | $0.00 | $3.08 |
| Revenue (latest FY) | $2.19B | $846.27M |
| Revenue growth (YoY) | +9.34% | +3.57% |
| Net income (latest FY) | $153.33M | $246.63M |
| Gross margin | 96.37% | — |
| Operating margin | — | 40.39% |
| Net margin | 7.00% | 29.14% |
| 52-week high | $178.00 | $195.97 |
| 52-week low | $107.98 | $108.75 |
| Distance from 52-week high | -6.35% | -16.16% |
| Analyst consensus | — | none |
| Avg. price target upside | — | -3.84% |
| Average volume | 114.00K | 1.05M |
| Shares outstanding | 63.79M | 35.20M |
| Employees | 12,100 | 863 |
| Sector | Finance | Finance |
| Industry | Investment Bankers/Brokers/Service | Investment Bankers/Brokers/Service |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Freedom trades at a higher earnings multiple (66.2x vs 19.4x trailing P/E).
- MarketAxess offers a meaningfully higher dividend yield (1.87% vs 0.00%).
- MarketAxess is more profitable, keeping 29.1 cents of every revenue dollar as net income versus 7.0 cents for Freedom.
- Freedom grew revenue faster in its latest fiscal year (+9.34% vs +3.57%).
About Freedom
FRHC stock →Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, retail and commercial banking, and insurance products. It operates through four segments: Brokerage, Banking, Insurance, and Other.
Finance · Investment Bankers/Brokers/Service · 12,100 employees
About MarketAxess
MKTX stock →MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S.
Finance · Investment Bankers/Brokers/Service · 863 employees
FRHC vs MKTX FAQ
Which is bigger, Freedom or MarketAxess?
Freedom (FRHC) is larger, with a market capitalization of $10.63B compared with $5.78B for MarketAxess (MKTX).
Which stock has performed better over the past year, FRHC or MKTX?
FRHC returned +2.73% over the past 12 months, compared with -2.36% for MKTX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FRHC or MKTX?
MKTX has the lower trailing P/E at 19.4, versus 66.2 for FRHC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Freedom or MarketAxess?
MarketAxess pays a dividend yielding 1.87%, while Freedom does not currently pay a regular dividend.
Are Freedom and MarketAxess in the same industry?
Yes. Both are classified in the Investment Bankers/Brokers/Service industry within the Finance sector.