MarketAxess Financial Statements
NASDAQ: MKTXFinanceInvestment Bankers/Brokers/ServiceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
MarketAxess revenue and earnings
In fiscal 2025, MarketAxess generated $846.3 million in revenue, up 3.6% from fiscal 2024, its 16th consecutive year of revenue growth. Net income was $246.6 million (-10.0% year over year), for a net margin of 29.1% versus a median of 34.8% in the prior 5 years. Operating margin was 40.4%.
Diluted earnings per share came in at $6.64, down from $7.28. Over the last 5 fiscal years, MKTX's revenue has grown at a 4.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
MarketAxess income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 846.27M | 817.10M | 752.55M | 718.30M | 698.95M | 689.13M | 511.35M | 435.56M | 397.47M | 369.92M |
| Revenue growth (YoY) | +3.57% | +8.58% | +4.77% | +2.77% | +1.43% | +34.77% | +17.40% | +9.58% | +7.45% | +22.05% |
| Operating Expenses | 504.43M | 476.23M | 437.53M | 391.42M | 361.72M | 314.40M | 260.47M | 222.98M | 193.81M | 177.75M |
| Operating Income | 341.84M | 340.87M | 315.02M | 326.88M | 337.24M | 374.73M | 250.88M | 212.58M | 199.62M | 189.99M |
| Interest Expense | 1.49M | 1.60M | 1.98M | 700.00K | 842.00K | 1.14M | — | — | — | — |
| Other Income (Expense) | 25.16M | 19.68M | 17.68M | 11.41M | -3.31M | -369.00K | 6.54M | 5.50M | 2.15M | 1.62M |
| Pretax Income | 367.00M | 360.55M | 332.70M | 338.29M | 333.92M | 374.36M | 257.42M | 218.09M | 201.77M | 191.60M |
| Income Tax | 120.08M | 86.36M | 74.64M | 88.06M | 76.03M | 74.98M | 52.52M | 45.23M | 53.68M | 65.43M |
| Net Income | 246.63M | 274.18M | 258.06M | 250.22M | 257.89M | 299.38M | 204.90M | 172.85M | 148.09M | 126.17M |
| Net Income growth (YoY) | -10.05% | +6.25% | +3.13% | -2.97% | -13.86% | +46.11% | +18.54% | +16.72% | +17.37% | +31.38% |
| EPS (Basic) | 6.66 | 7.29 | 6.87 | 6.68 | 6.88 | 8.01 | 5.53 | 4.68 | 4.02 | 3.42 |
| EPS (Diluted) | 6.64 | 7.28 | 6.85 | 6.65 | 6.77 | 7.85 | 5.40 | 4.57 | 3.89 | 3.34 |
| Shares Outstanding (Basic) | 37.06M | 37.60M | 37.55M | 37.47M | 37.51M | 37.36M | 37.08M | 36.96M | 36.86M | 36.84M |
| Shares Outstanding (Diluted) | 37.14M | 37.67M | 37.65M | 37.64M | 38.10M | 38.14M | 37.96M | 37.85M | 38.04M | 37.74M |
| EBITDA | 418.54M | 414.69M | 385.58M | 388.32M | 390.68M | 410.72M | 277.74M | 235.66M | 218.89M | 207.82M |
| Operating Margin | 40.39% | 41.72% | 41.86% | 45.51% | 48.25% | 54.38% | 49.06% | 48.81% | 50.22% | 51.36% |
| Net Margin | 29.14% | 33.56% | 34.29% | 34.84% | 36.90% | 43.44% | 40.07% | 39.68% | 37.26% | 34.11% |
This table shows 10 annual periods of MarketAxess's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow MKTX's reporting calendar. What is a income statement?