MARKETAXESS HOLDINGS INC
MKTX · Security Brokers, Dealers & Flotation Companies · 35.5M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Reference price $116.03 · est. market cap ~$4.1B — last insider sale, 2026-06-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80MarketAxess — leading electronic fixed-income trading platform.
Strengths
- Operating margin 40% (100th pct), ROA (100th), strong FCF (92nd)
- Network-effect e-trading franchise
Risks
- Decelerating revenue growth (11th pct)
- Competition (Tradeweb) and rate-cycle credit-volume sensitivity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $520M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
40.4%
Net margin
29.1%
Return on equity
21.5%
Return on assets
12.7%
Revenue growth (QoQ)
11.4%
Net-income growth
-10.0%
Free cash flow
$374M
EBITDA
$419M
Tangible book value
$751M
Cash & investments
$520M
Stock comp / revenue
3.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | HERNANDEZ CARLOS MAURICIO | Gift | 11K | — |
| 2026-06-18 | HERNANDEZ CARLOS MAURICIO | Gift | 11K | — |
| 2026-06-10 | Altobello Nancy A. | Grant | 1.4K | — |
| 2026-06-10 | Pintoff Scott | Sell | 100 | $116.03 |
| 2026-06-10 | Cifu Douglas A | Grant | 1.4K | — |
| 2026-06-10 | Portney Emily Hope | Grant | 1.4K | — |
| 2026-06-10 | Chwick Jane | Grant | 1.4K | — |
| 2026-06-10 | Gibson Kourtney | Grant | 1.4K | — |
| 2026-06-10 | Hoornweg Roberto | Grant | 1.4K | — |
| 2026-06-10 | KETCHUM RICHARD G | Grant | 1.4K | — |
| 2026-06-10 | SCHICIANO KENNETH T | Grant | 1.4K | — |
| 2026-06-10 | Begleiter Steven L | Grant | 1.4K | — |
| 2026-06-10 | HERNANDEZ CARLOS MAURICIO | Grant | 2.6K | — |
| 2026-06-10 | Cruger William Frank Jr. | Grant | 1.4K | — |
| 2026-06-03 | Fiszel Bieler Ilene | Tax withheld | 332 | $123.18 |
| 2026-05-11 | Pintoff Scott | Sell | 100 | $146.99 |
| 2026-05-01 | Quan William | Grant | 218 | — |
| 2026-04-10 | Pintoff Scott | Sell | 100 | $171.96 |
| 2026-04-03 | CONCANNON CHRISTOPHER R | Tax withheld | 349 | $171.46 |
| 2026-03-10 | Pintoff Scott | Sell | 100 | $184.93 |
| 2026-03-01 | Cifu Douglas A | Grant | 259 | — |
| 2026-03-01 | SCHICIANO KENNETH T | Grant | 259 | — |
| 2026-03-01 | Panchal Naineshkumar Shantilal | Tax withheld | 1.5K | $192.00 |
| 2026-02-15 | Pintoff Scott | Grant | 3.2K | — |
| 2026-02-15 | CONCANNON CHRISTOPHER R | Tax withheld | 866 | $179.36 |
| 2026-02-15 | CONCANNON CHRISTOPHER R | Grant | 6.6K | — |
| 2026-02-15 | CONCANNON CHRISTOPHER R | Tax withheld | 1.8K | $179.36 |
| 2026-02-15 | Fiszel Bieler Ilene | Grant | 5.0K | — |
| 2026-02-15 | Fiszel Bieler Ilene | Tax withheld | 439 | $179.36 |
| 2026-02-15 | Pintoff Scott | Tax withheld | 208 | $179.36 |
| 2026-02-15 | Pintoff Scott | Tax withheld | 824 | $179.36 |
| 2026-02-15 | Panchal Naineshkumar Shantilal | Tax withheld | 159 | $179.36 |
| 2026-02-15 | Panchal Naineshkumar Shantilal | Grant | 3.2K | — |
| 2026-02-15 | Panchal Naineshkumar Shantilal | Tax withheld | 1.0K | $179.36 |
| 2026-02-15 | McPherson Kevin M | Tax withheld | 462 | $179.36 |
| 2026-02-15 | McPherson Kevin M | Grant | 4.4K | — |
| 2026-02-15 | McPherson Kevin M | Tax withheld | 1.5K | $179.36 |
| 2026-02-15 | Mirwani Nitin A | Grant | 1.8K | — |
| 2026-02-13 | CONCANNON CHRISTOPHER R | Grant | 1.7K | — |
| 2026-02-13 | McPherson Kevin M | Grant | 939 | — |
| 2026-02-13 | Panchal Naineshkumar Shantilal | Grant | 394 | — |
| 2026-02-13 | Pintoff Scott | Grant | 515 | — |
| 2026-02-10 | Pintoff Scott | Sell | 100 | $171.91 |
| 2026-01-12 | Pintoff Scott | Sell | 100 | $168.63 |
| 2025-12-12 | Pintoff Scott | Sell | 100 | $177.85 |
| 2025-11-25 | HERNANDEZ CARLOS MAURICIO | Gift | 7.5K | — |
| 2025-11-25 | HERNANDEZ CARLOS MAURICIO | Gift | 7.5K | — |
| 2025-10-01 | Berry Dean | Grant | 26K | — |
| 2025-09-12 | McPherson Kevin M | Sell | 1.5K | $185.32 |
| 2025-09-08 | Casper Stephen P | Sell | 1.6K | $186.59 |
| 2025-08-13 | Portney Emily Hope | Gift | 3.7K | — |
| 2025-08-13 | Portney Emily Hope | Gift | 3.7K | — |
| 2025-06-11 | McPherson Kevin M | Sell | 2.0K | $224.77 |
| 2025-06-04 | Altobello Nancy A. | Grant | 784 | — |
| 2025-06-04 | Portney Emily Hope | Grant | 784 | — |
| 2025-06-04 | Casper Stephen P | Grant | 784 | — |
| 2025-06-04 | KETCHUM RICHARD G | Grant | 784 | — |
| 2025-06-04 | Hoornweg Roberto | Grant | 784 | — |
| 2025-06-04 | Chwick Jane | Grant | 784 | — |
| 2025-06-04 | Gibson Kourtney | Grant | 784 | — |
| 2025-06-04 | Cruger William Frank Jr. | Grant | 784 | — |
| 2025-06-04 | HERNANDEZ CARLOS MAURICIO | Grant | 1.5K | — |
| 2025-06-04 | Begleiter Steven L | Grant | 784 | — |
| 2025-06-03 | Fiszel Bieler Ilene | Tax withheld | 242 | $219.02 |
| 2025-05-15 | McPherson Kevin M | Gift | 250 | — |
| 2025-05-14 | Roupie Christophe Pierre Daniel | Sell | 1.2K | $210.44 |
| 2025-04-01 | Cianciulli Michael R. | Grant | 232 | — |
| 2025-03-20 | HERNANDEZ CARLOS MAURICIO | Gift | 12K | — |
| 2025-03-20 | HERNANDEZ CARLOS MAURICIO | Gift | 12K | — |
| 2025-03-03 | HERNANDEZ CARLOS MAURICIO | Gift | 12K | — |
| 2025-03-03 | HERNANDEZ CARLOS MAURICIO | Gift | 12K | — |
| 2025-03-01 | Panchal Naineshkumar Shantilal | Tax withheld | 991 | $192.79 |
| 2025-03-01 | Panchal Naineshkumar Shantilal | Tax withheld | 583 | $192.79 |
| 2025-03-01 | Hoornweg Roberto | Grant | 215 | — |
| 2025-02-15 | Pintoff Scott | Grant | 2.2K | — |
| 2025-02-15 | CONCANNON CHRISTOPHER R | Grant | 6.2K | — |
| 2025-02-15 | CONCANNON CHRISTOPHER R | Tax withheld | 693 | $193.49 |
| 2025-02-15 | Cianciulli Michael R. | Grant | 324 | — |
| 2025-02-15 | Cianciulli Michael R. | Tax withheld | 83 | $193.49 |
| 2025-02-15 | McPherson Kevin M | Grant | 3.7K | — |
| 2025-02-15 | McPherson Kevin M | Tax withheld | 1.0K | $193.49 |
| 2025-02-15 | Panchal Naineshkumar Shantilal | Grant | 2.5K | — |
| 2025-02-15 | Panchal Naineshkumar Shantilal | Tax withheld | 624 | $193.49 |
| 2025-02-15 | Pintoff Scott | Tax withheld | 691 | $193.49 |
| 2025-02-15 | Roupie Christophe Pierre Daniel | Grant | 2.5K | — |
| 2025-02-15 | Roupie Christophe Pierre Daniel | Tax withheld | 602 | $193.49 |
| 2025-02-15 | Fiszel Bieler Ilene | Grant | 2.9K | — |
| 2025-02-14 | Panchal Naineshkumar Shantilal | Grant | 1.8K | — |
| 2025-01-31 | McPherson Kevin M | Tax withheld | 310 | $217.77 |
| 2025-01-31 | McPherson Kevin M | Tax withheld | 261 | $217.77 |
| 2025-01-31 | Pintoff Scott | Tax withheld | 258 | $217.77 |
| 2025-01-31 | Roupie Christophe Pierre Daniel | Tax withheld | 263 | $217.77 |
| 2025-01-31 | Roupie Christophe Pierre Daniel | Tax withheld | 194 | $217.77 |
| 2025-01-31 | Cianciulli Michael R. | Tax withheld | 8 | $217.77 |
| 2025-01-31 | CONCANNON CHRISTOPHER R | Tax withheld | 585 | $217.77 |
| 2025-01-31 | Pintoff Scott | Tax withheld | 195 | $217.77 |
| 2025-01-31 | CONCANNON CHRISTOPHER R | Tax withheld | 243 | $217.77 |
| 2025-01-29 | CONCANNON CHRISTOPHER R | Grant | 1.6K | — |
| 2025-01-29 | Pintoff Scott | Grant | 436 | — |
| 2025-01-29 | Roupie Christophe Pierre Daniel | Grant | 559 | — |
| 2025-01-29 | McPherson Kevin M | Grant | 859 | — |
| 2025-01-01 | HERNANDEZ CARLOS MAURICIO | Grant | 275 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-10 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsOtherExhibits | filing ↗ |
| 2026-04-17 | Exec/director change | filing ↗ |
| 2026-02-17 | Exec/director change | filing ↗ |
| 2026-02-06 | Material agreementResultsDebt obligationOtherExhibits | filing ↗ |
| 2026-01-26 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-12-09 | Reg FDExhibits | filing ↗ |
| 2025-11-07 | ResultsOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-10 | 0001193125-26-265854 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001193125-26-210216 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-212081 ↗ |
| 8-K/A | 2026-04-17 | 2026-01-22 | 0001193125-26-161620 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0001193125-26-067009 ↗ |
| 8-K | 2026-02-17 | 2026-02-16 | 0001193125-26-055003 ↗ |
| 8-K | 2026-02-06 | 2026-02-04 | 0001193125-26-040253 ↗ |
| 8-K | 2026-01-26 | 2026-01-22 | 0001193125-26-021629 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0001193125-25-311939 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001193125-25-272335 ↗ |
| 8-K | 2025-11-07 | 2025-11-07 | 0001193125-25-270945 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0000950170-25-103993 ↗ |