MarketAxessMKTXEarnings & Financial Report
MarketAxess Holdings Inc. is an international financial technology company that operates an electronic trading platform for the institutional credit markets, and also provides market data and post-trade services. It enables institutional investors and broker-dealers to trade credit instruments, including corporate bonds, and other types of fixed income products.
MKTX Q1 FY2026 Key Financial Metrics
Revenue
$233.4M
Gross Profit
N/A
Operating Profit
$100.9M
Net Profit
$78.0M
Gross Margin
N/A
Operating Margin
43.2%
Net Margin
33.4%
YoY Growth
11.9%
EPS
$2.20
MarketAxess Q1 FY2026 Financial Summary
MarketAxess reported revenue of $233.4M (up 11.9% YoY) for Q1 FY2026, with a net profit of $78.0M (up 418.5% YoY) (33.4% margin).
Key Financial Metrics
| Total Revenue | $233.4M |
|---|---|
| Net Profit | $78.0M |
| Gross Margin | N/A |
| Operating Margin | 43.2% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
MarketAxess Q1 FY2026 revenue of $233.4M breaks down across 4 segments, led by Commissions at $203.5M (87.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Commissions | $203.5M | 87.2% |
| Information services | $14.4M | 6.2% |
| Post-trade services | $11.6M | 5.0% |
| Technology services | $3.9M | 1.7% |
MarketAxess Annual Revenue by Year
MarketAxess annual revenue history includes year-by-year totals (for example, 2025 revenue was $846.3M).
MarketAxess Quarterly Revenue & Net Profit History
MarketAxess results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $233.4M | +11.9% | $78.0M | 33.4% |
| Q4 FY2025 | $209.4M | +3.5% | $92.2M | 44.0% |
| Q3 FY2025 | $208.8M | +1.0% | $68.2M | 32.6% |
| Q2 FY2025 | $219.5M | +11.0% | $71.1M | 32.4% |
| Q1 FY2025 | $208.6M | -0.8% | $15.1M | 7.2% |
| Q4 FY2024 | $202.4M | +2.6% | $65.1M | 32.2% |
| Q3 FY2024 | $206.7M | +20.0% | $71.5M | 34.6% |
| Q2 FY2024 | $197.7M | +9.9% | $64.9M | 32.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $197.7M | $206.7M | $202.4M | $208.6M | $219.5M | $208.8M | $209.4M | $233.4M |
| YoY Growth | 9.9% | 20.0% | 2.6% | -0.8% | 11.0% | 1.0% | 3.5% | 11.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.89B | $1.83B | $1.79B | $1.88B | $1.97B | $2.01B | $1.93B | $2.30B |
| Liabilities | $557.5M | $446.8M | $400.6M | $530.8M | $574.0M | $623.7M | $776.6M | $1.10B |
| Equity | $1.33B | $1.39B | $1.39B | $1.35B | $1.39B | $1.38B | $1.15B | $1.19B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $118.8M | $95.1M | $385.2M | $29.6M | $103.7M | $90.2M | $382.1M |