MarketAxess Holdings Inc. (MKTX) has a MoatMap StockRank of 40/100 based on Quality (73/100), Value (30/100), and Momentum (24/100) factor scores. The current signal is HOLD. MarketAxess is a high-quality business with strong network effects, but it currently lacks a powerful, unpriced macro tailwind from our 18-month themes to justify a high-conviction spot.
MarketAxess Holdings Inc. operates a premier electronic trading platform for fixed-income securities, predominantly focusing on corporate bonds and other credit products. The company benefits from significant network effects, as its growing pool of institutional participants enhances liquidity and price discovery, establishing it as a dominant venue for bond trading. Its proprietary technology and extensive market data services are actively transforming the traditionally over-the-counter fixed-income markets.
| Price | $116.51 |
| Market Cap | $4.7B |
| P/E (TTM) | 14.29 |
| P/E (Forward) | 13.45 |
| Price/Book | 3.60 |
| Return on Equity | 24.3% |
| Return on Invested Capital | 24.3% |
| Debt/Equity | 24.25 |
| Gross Margin | 62.1% |
| Operating Margin | 43.9% |
| Revenue Growth | 11.9% |
| Dividend Yield | 2.6% |
| Free Cash Flow | $-254M |
MarketAxess Holdings Inc. operates in the Capital Markets industry, part of the Financial Services sector (United States).