MarketAxess Cash Flow Statement
NASDAQ: MKTXFinanceInvestment Bankers/Brokers/ServiceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
MarketAxess free cash flow
In fiscal 2025, MarketAxess generated $382.1 million of operating cash flow and spent $8.2 million on capital expenditures. That left free cash flow of $373.9 million, a free-cash-flow margin of 44.2% of revenue. Free cash flow was down 0.4% from the prior year's $375.3 million.
MarketAxess returned $535.2 million to shareholders: $115.2 million in dividends and $420.0 million in share repurchases, equal to 143% of free cash flow. Free cash flow covered dividend payments 3.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
MarketAxess cash flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 246.91M | 274.18M | 258.06M | 250.22M | 257.89M | 299.38M | 204.90M | 172.85M | 148.09M | 126.17M |
| Net Income growth (YoY) | -9.95% | +6.25% | +3.13% | -2.97% | -13.86% | +46.11% | +18.54% | +16.72% | +17.37% | +31.38% |
| Depreciation & Amortization | 76.70M | 73.82M | 70.56M | 61.45M | 53.45M | 36.00M | 26.86M | 23.08M | 19.27M | 17.84M |
| Stock-Based Compensation | 30.92M | 29.68M | 29.19M | 29.86M | 27.31M | 25.61M | 25.29M | 15.85M | 14.42M | 14.51M |
| Change in Working Capital | 2.44M | 822.00K | -26.24M | -8.00M | 18.03M | -13.99M | -7.72M | 5.77M | -10.86M | -10.01M |
| Operating Cash Flow | 382.14M | 385.24M | 333.77M | 289.23M | 282.09M | 404.49M | 265.94M | 223.92M | 168.03M | 89.75M |
| Capital Expenditures | -8.20M | -9.94M | -9.33M | -13.14M | -17.49M | -15.01M | -12.29M | -35.89M | -12.09M | -6.38M |
| Investing Cash Flow | -96.93M | -86.94M | -155.29M | -86.27M | -67.69M | 68.87M | -122.05M | -50.30M | -53.65M | -53.18M |
| Dividends Paid | -115.20M | -112.70M | -109.66M | -105.94M | -99.79M | -90.57M | -76.23M | -62.43M | -48.89M | -38.49M |
| Share Repurchases | -420.01M | -75.47M | 0 | -87.54M | -63.19M | -16.14M | -17.26M | -25.17M | -42.46M | -23.93M |
| Financing Cash Flow | -332.37M | -201.38M | -147.06M | -242.38M | -189.78M | -145.11M | -118.10M | -92.67M | -117.07M | -65.29M |
| Net Change in Cash | -24.61M | 88.79M | 39.01M | -52.90M | 17.52M | 333.80M | 26.80M | 79.31M | -1.23M | -31.48M |
| Free Cash Flow | 373.94M | 375.30M | 324.44M | 276.09M | 264.60M | 389.48M | 253.64M | 188.03M | 155.95M | 83.36M |
This table shows 10 annual periods of MarketAxess's cash flow statement, from FY 2025 back to FY 2016, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MKTX's reporting calendar. What is a cash flow statement?