US · USD
MKTX
MarketAxess Holdings Inc
- Day's range
- $164.15 – $164.36
- Day's volume
- $109.9M
- 52-week range
- $108.57 – $191.62
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Create a free accountMKTX in numbers
- Market cap
- $5.8B
- P/E
- 18.84
- P/B
- 4.66
- Dividend yield (12m)
- 1.89%
- Net debt/EBITDA
- -0.30
The 12-month dividend yield of MKTX is 1.89%, above its 5-year average of 1.12%.
MKTX price history
MKTX risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +1.66% | -28.61% | -50.39% |
| Volatility (annualized) | 55.76% | 42.45% | 43.33% |
| Largest drawdown | -40.56% | -59.73% | -70.73% |
| Positive months | 6/12 | 17/36 | 29/60 |
How much did investing in MKTX return?
$1,000.00 invested on 11/01/2021 would be worth $496.09 today.
- Value today in MKTX
- $496.09
- Return over the period
- -50.39%
- Return per year
- -13.25%
- In the S&P 500
- $1,708.29
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
MKTX fundamentals
Valuation
- P/E18.84
- P/B4.66
- EV/EBITDA13.13
- EV/EBIT16.03
- EV/Revenue6.49
- P/EBIT16.40
- P/S6.64
- P/OCF28.85
- P/FCF29.74
- Earnings yield6.24%
- PEG ratio—
- Earnings per share$8.71
- Book value per share$35.20
Debt
- Net debt-$129.9M
- Net debt/EBITDA-0.30
- Net debt/Equity-0.10
- Debt/Equity0.09
- Current ratio—
- Quick ratio—
- Cash ratio—
Efficiency
- Gross margin—
- EBITDA margin49.44%
- Operating margin40.50%
- Net margin35.25%
- Asset turnover0.36
Profitability
- ROE24.75%
- ROA12.66%
- ROIC26.58%
- Payout35.57%
Growth
- Revenue CAGR (5 years)4.23%
- Earnings CAGR (5 years)1.23%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is MKTX's fair price?
Two classic value formulas, with today's numbers. The current price is $164.17.
- Graham's fair price
- $83.08
- 49.39% below the price
√(22.50 × $8.71 × $35.20)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $47.73
- 70.92% below the price
$2.86 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
MKTX's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 26.10 | 31.07 | 42.97 | 41.92 | 60.34 | 72.41 | 70.16 | 49.62 |
| P/B | 5.62 | 6.14 | 8.58 | 9.70 | 14.94 | 22.70 | 18.67 | 14.11 |
| EV/EBITDA | 14.68 | 19.23 | 28.76 | 27.01 | 39.83 | 52.78 | 51.76 | 36.39 |
| Dividend yield | 1.68% | 1.31% | 0.98% | 1.00% | 0.64% | 0.42% | 0.54% | 0.80% |
| Earnings per share | $6.95 | $7.27 | $6.82 | $6.65 | $6.82 | $7.88 | $5.40 | $4.26 |
| Book value per share | $32.23 | $36.84 | $34.14 | $28.75 | $27.52 | $25.14 | $20.31 | $14.98 |
| ROE | 21.55% | 19.75% | 19.96% | 23.14% | 24.77% | 31.35% | 26.61% | 28.44% |
| ROIC | 27.19% | 30.71% | 18.90% | 22.36% | 25.01% | 31.38% | 25.93% | 27.72% |
| EBITDA margin | 49.46% | 50.75% | 51.24% | 54.06% | 55.90% | 59.60% | 54.31% | 54.11% |
| Net margin | 29.18% | 33.56% | 34.30% | 34.83% | 36.90% | 43.44% | 40.07% | 39.68% |
| Net debt/EBITDA | -0.72 | -1.31 | — | — | — | — | — | — |
MKTX's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $846.3M | $817.1M | $752.5M | $718.3M | $699M | $689.1M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $418.5M | $414.7M | $385.6M | $388.3M | $390.7M | $410.7M |
| EBIT | $341.8M | $340.9M | $315M | $326.9M | $337.2M | $374.7M |
| Financial result | $25.2M | $19.7M | $17.7M | $11.4M | -$3.3M | -$369K |
| Income before tax | $367M | $360.5M | $332.7M | $338.3M | $333.9M | $374.4M |
| Income tax | -$120.1M | -$86.4M | -$74.6M | -$88.1M | -$76M | -$75M |
| Net income | $246.9M | $274.2M | $258.1M | $250.2M | $257.9M | $299.4M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does MKTX pay dividends?
Dividend yield per year
- 0.65%2017
- 0.80%2018
- 0.54%2019
- 0.42%2020
- 0.64%2021
- 1.00%2022
- 0.98%2023
- 1.31%2024
- 1.68%2025
- 1.43%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/18/2026 | 09/02/2026 | $0.78 |
| Dividend | 05/19/2026 | 06/03/2026 | $0.78 |
| Dividend | 02/17/2026 | 03/04/2026 | $0.78 |
| Dividend | 11/18/2025 | 12/03/2025 | $0.76 |
| Dividend | 08/19/2025 | 09/03/2025 | $0.76 |
| Dividend | 05/20/2025 | 06/04/2025 | $0.76 |
| Dividend | 02/18/2025 | 03/05/2025 | $0.76 |
| Dividend | 11/19/2024 | 12/04/2024 | $0.74 |
| Dividend | 08/20/2024 | 09/04/2024 | $0.74 |
| Dividend | 05/20/2024 | 06/05/2024 | $0.74 |
| Dividend | 02/12/2024 | 02/28/2024 | $0.74 |
| Dividend | 11/06/2023 | 11/22/2023 | $0.72 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 07/31/2023 | 08/16/2023 | $0.72 |
| Dividend | 05/08/2023 | 05/24/2023 | $0.72 |
| Dividend | 02/06/2023 | 02/22/2023 | $0.72 |
| Dividend | 10/31/2022 | 11/16/2022 | $0.70 |
| Dividend | 08/01/2022 | 08/17/2022 | $0.70 |
| Dividend | 05/02/2022 | 05/18/2022 | $0.70 |
| Dividend | 02/07/2022 | 02/23/2022 | $0.70 |
| Dividend | 11/01/2021 | 11/17/2021 | $0.66 |
| Dividend | 08/02/2021 | 08/18/2021 | $0.66 |
| Dividend | 05/10/2021 | 05/26/2021 | $0.66 |
| Dividend | 02/08/2021 | 02/24/2021 | $0.66 |
| Dividend | 11/06/2020 | 11/25/2020 | $0.60 |
| Dividend | 08/03/2020 | 08/19/2020 | $0.60 |
| Dividend | 05/11/2020 | 05/27/2020 | $0.60 |
| Dividend | 02/10/2020 | 02/26/2020 | $0.60 |
| Dividend | 11/04/2019 | 11/20/2019 | $0.51 |
| Dividend | 08/05/2019 | 08/21/2019 | $0.51 |
| Dividend | 05/06/2019 | 05/22/2019 | $0.51 |
| Dividend | 02/11/2019 | 02/27/2019 | $0.51 |
| Dividend | 11/05/2018 | 11/21/2018 | $0.42 |
| Dividend | 08/07/2018 | 08/23/2018 | $0.42 |
| Dividend | 05/07/2018 | 05/23/2018 | $0.42 |
| Dividend | 02/12/2018 | 02/28/2018 | $0.42 |
| Dividend | 11/06/2017 | 11/22/2017 | $0.33 |
| Dividend | 08/07/2017 | 08/24/2017 | $0.33 |
| Dividend | 05/08/2017 | 05/25/2017 | $0.33 |
| Dividend | 02/06/2017 | 02/23/2017 | $0.33 |
| Dividend | 11/04/2016 | 11/23/2016 | $0.26 |
About Marketaxess Holdings
- Sector
- Finance, insurance and real estate
Questions about MKTX
How much is MKTX today?
MKTX is at $164.17 (0.09% on the day), last traded on 10/07/2026.
How much did MKTX pay in dividends in 2025?
MKTX paid $3.04 per share in 2025, a dividend yield of 1.68%.
What are the P/E and P/B of MKTX?
MKTX trades at a P/E of 18.84 and a P/B of 4.66.
How much did MKTX return in 12 months?
MKTX returned 1.66% in 12 months, with annualized volatility of 55.76% and a largest drawdown of -40.56%.