MarketAxess (MKTX) vs Piper Sandler Companies (PIPR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
MarketAxess (MKTX) has outperformed Piper Sandler Companies (PIPR) over the past year, losing 2.4% versus a loss of 25.0%. Over five years, PIPR leads with a +61.5% price change compared with -59.5% for MKTX. MarketAxess is the larger company by market cap ($5.78 billion vs $4.51 billion), about 1.3 times the size, while Piper Sandler Companies is growing revenue faster (+24.3% vs +3.6%).
On valuation, Piper Sandler Companies trades at a lower forward P/E (11.6x vs 18.8x for MarketAxess). MarketAxess offers the higher dividend yield (1.87% vs 1.14%). MarketAxess converts more of its revenue into profit, with a net margin of 29.1% versus 14.8%.
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 | MKTX | PIPR |
|---|---|---|
| Share price | $164.29 | $63.82 |
| Market cap | $5.78B | $4.51B |
| 1-day change | +0.07% | +0.05% |
| YTD return | -9.42% | -24.89% |
| 1-year return | -2.36% | -24.97% |
| 5-year return | -59.54% | +61.52% |
| P/E ratio (TTM) | 19.42 | 14.77 |
| Forward P/E | 18.78 | 11.62 |
| EPS (TTM) | $8.46 | $4.32 |
| Dividend yield | 1.87% | 1.14% |
| Annual dividend | $3.08 | $0.725 |
| Revenue (latest FY) | $846.27M | $1.90B |
| Revenue growth (YoY) | +3.57% | +24.33% |
| Net income (latest FY) | $246.63M | $281.33M |
| Operating margin | 40.39% | — |
| Net margin | 29.14% | 14.77% |
| 52-week high | $195.97 | $95.07 |
| 52-week low | $108.75 | $62.69 |
| Distance from 52-week high | -16.17% | -32.87% |
| Analyst consensus | none | buy |
| Avg. price target upside | -3.83% | +26.73% |
| Average volume | 1.05M | 649.31K |
| Shares outstanding | 35.20M | 70.67M |
| Employees | 863 | 1,915 |
| 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
- MKTX has outperformed PIPR by 22.6 percentage points over the past year.
- MarketAxess trades at a higher earnings multiple (19.4x vs 14.8x trailing P/E).
- MarketAxess is more profitable, keeping 29.1 cents of every revenue dollar as net income versus 14.8 cents for Piper Sandler Companies.
- Piper Sandler Companies grew revenue faster in its latest fiscal year (+24.33% vs +3.57%).
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
About Piper Sandler Companies
PIPR stock →Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services, institutional sales, and trading services for various equity and fixed income products; research services; advisory services, such as mergers and acquisitions, equity and debt financings, equity and debt private placements, debt capital markets advisory, restructuring and private capital advisory; municipal financial advisory and loan placement services; and various over-the-counter derivative products, as well as underwrites municipal issuances.
Finance · Investment Bankers/Brokers/Service · 1,915 employees
MKTX vs PIPR FAQ
Which is bigger, MarketAxess or Piper Sandler Companies?
MarketAxess (MKTX) is larger, with a market capitalization of $5.78B compared with $4.51B for Piper Sandler Companies (PIPR).
Which stock has performed better over the past year, MKTX or PIPR?
MKTX returned -2.36% over the past 12 months, compared with -24.97% for PIPR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MKTX or PIPR?
PIPR has the lower trailing P/E at 14.8, versus 19.4 for MKTX. 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, MarketAxess or Piper Sandler Companies?
MarketAxess has the higher yield at 1.87%, compared with 1.14% for Piper Sandler Companies.
Are MarketAxess and Piper Sandler Companies in the same industry?
Yes. Both are classified in the Investment Bankers/Brokers/Service industry within the Finance sector.