Company Deep Dive
Read the full research report: business segments breakdown, earnings transcripts review, management credibility analysis, competitive landscape, and scenarios.
MKTX
SellFallen FavouriteMarketAxess Holdings Inc. · Financial Services · United States · $5.7B · Avg Vol: $238M/d
COMPANY DESCRIPTION
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.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 718.3M | 752.5M | 817.1M | 846.3M | 5.6% | 870.0M | 894.6M | 955.4M | 6.3% |
| EPS | 6.68 | 6.87 | 7.29 | 6.66 | -0.1% | 8.46 | 7.21 | 7.95 | 9.2% |
| Shares | 37.6M | 37.9M | 37.6M | 35.8M | -5.0% | 35.2M | — | — | — |
| Debt | 82.7M | 79.7M | 72.7M | 284.9M | 51.1% | 178.9M | — | — | — |
| Equity | 1.1B | 1.3B | 1.4B | 1.1B | 2.0% | — | — | — | — |
| Op CF | 289.2M | 333.8M | 385.2M | 382.1M | 9.7% | 200.3M | — | — | — |
| Inv CF | -86.3M | -155.3M | -86.9M | -96.9M | — | — | — | — | — |
| Fin CF | -242.4M | -147.1M | -201.4M | -332.4M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of MKTX are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| MKTX | MarketAxess Holdings Inc.(you) | $5.7B | 31 | Sell |
| FIGR | Figure Technology Solutions, Inc. | $8.1B | 34 | Sell |
| LAZ | Lazard, Inc. | $4.3B | 37 | Hold |
| HLI | Houlihan Lokey, Inc. | $9.3B | 28 | Sell |
| EVR | Evercore Inc. | $11.2B | 37 | Hold |
| PIPR | Piper Sandler Companies | $5.3B | 53 | Hold |
| RIOT | Riot Platforms, Inc. | $7.1B | 13 | Strong Sell |
| LCLN | Lincoln International, Inc. | $2.6B | 22 | Sell |
| BGC | BGC Group, Inc. | $5.8B | 57 | Hold |
| IOND | Ionic Digital Inc. | $3.2B | 17 | Strong Sell |
Peer medians: ROE 9.5% · P/E 13.1x · Gross margin 100.0%