MARKETS / NASDAQ / MKTX
NASDAQ · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · LARGE CAP

Marketaxess Holdings Inc. MKTX

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY12 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$846.3M
▲ 3.6% vs FY2024
Dividend streak
12 yrs
Raised every year since 2014
EPS · FY25
Dividend / sh · FY25
$3.04
Payout · FY25
ROE · FY25
19.5%
Net margin · FY25
29.1%
Dividend coverage
2.2×
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Result
USD 846.3M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.250.50.7510.80.22009201220152018202120242025
0.250.50.7510.80.22016201920222025

29 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS Dividend
243.042009201220152018202120242025
243.042016201920222025

Earnings covered the dividend 2.2 times — the rest stayed in the company.

Profitability
19.5%
Return on equity, FY2025
ROE
1020304019.5%2009201220152018202120242025
1020304019.5%2016201920222025
Operating margin40.4%
Net margin29.1%
Return on assets13.2%

Each USD of equity produced 19 cents of profit this year.

Returned to shareholders
USD 420.0M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 420.0M
Share of profit170.3%
Consecutive raises12 years

USD 420.0M in buybacks — 170% of the year's profit, so the payout drew on cash built up earlier.

Growth
+4.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.6%
+4.2%
+10.8%
+12.4%
Net income
−0.5%
−3.8%
+9.9%
+14.7%
EPS, diluted
−0.1%
−3.3%
+10.0%
+15.2%
Dividend / share
+2.8%
+4.8%
+14.3%
+17.2%
Returned to shareholders
+69.1%
+103.2%
+34.7%
+21.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years−5.9%
Change, 10 years−4.4%

The share count shrank 6% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 1.9B
total assets, end of FY2025
Total assetsUSD 1.9B
EquityUSD 1.1B
CashUSD 519.7M
Gross debtUSD 220.0M
Net debtUSD -299.7M

The company holds more cash than debt.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.8
0.8
0.8
0.7
0.7
0.7
0.5
0.4
0.4
0.4
0.3
0.3
0.2
0.2
0.2
0.1
0.1
Operating income $B
0.3
0.3
0.3
0.3
0.3
0.4
0.3
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.1
·
·
EBITDA $B
0.4
0.4
0.4
0.4
0.4
0.4
0.3
0.2
0.2
0.2
0.2
0.1
0.1
0.1
0.1
·
·
Income tax $B
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
0.2
0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
3.04
2.96
2.88
2.80
2.64
2.40
2.04
1.68
1.32
1.04
0.80
0.64
0.52
1.74
0.36
0.28
0.07
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
19.5
20.4
21.7
23.6
25.8
34.7
29.7
30.8
30.1
29.4
26.5
23.2
27.5
21.6
17.4
13.9
7.8
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
33 of 33
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed