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Side-by-side financial comparison of MarketAxess (MKTX) and Sprout Social, Inc. (SPT). Click either name above to swap in a different company.
MarketAxess is the larger business by last-quarter revenue ($233.4M vs $120.9M, roughly 1.9× Sprout Social, Inc.). On growth, Sprout Social, Inc. posted the faster year-over-year revenue change (12.9% vs 11.9%). MarketAxess produced more free cash flow last quarter ($15.9M vs $9.9M). Over the past eight quarters, Sprout Social, Inc.'s revenue compounded faster (11.8% CAGR vs 8.7%).
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.
Sprout Social, Inc. is a technology company that runs a social media management platform. A public company headquartered in Chicago, it was founded in 2010 by Justyn Howard, Aaron Rankin, Gil Lara, and Peter Soung.
MKTX vs SPT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.4M | $120.9M |
| Net Profit | $78.0M | — |
| Gross Margin | — | 77.6% |
| Operating Margin | 43.2% | -9.0% |
| Net Margin | 33.4% | — |
| Revenue YoY | 11.9% | 12.9% |
| Net Profit YoY | 418.5% | — |
| EPS (diluted) | $2.20 | $-0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $233.4M | — | ||
| Q4 25 | $209.4M | $120.9M | ||
| Q3 25 | $208.8M | $115.6M | ||
| Q2 25 | $219.5M | $111.8M | ||
| Q1 25 | $208.6M | $109.3M | ||
| Q4 24 | $202.4M | $107.1M | ||
| Q3 24 | $206.7M | $102.6M | ||
| Q2 24 | $197.7M | $99.4M |
| Q1 26 | $78.0M | — | ||
| Q4 25 | $92.2M | — | ||
| Q3 25 | $68.2M | $-9.4M | ||
| Q2 25 | $71.1M | $-12.0M | ||
| Q1 25 | $15.1M | $-11.2M | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $71.5M | $-17.1M | ||
| Q2 24 | $64.9M | $-16.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 77.6% | ||
| Q3 25 | — | 77.7% | ||
| Q2 25 | — | 77.7% | ||
| Q1 25 | — | 77.3% | ||
| Q4 24 | — | 78.1% | ||
| Q3 24 | — | 77.4% | ||
| Q2 24 | — | 77.5% |
| Q1 26 | 43.2% | — | ||
| Q4 25 | 36.3% | -9.0% | ||
| Q3 25 | 41.0% | -7.9% | ||
| Q2 25 | 41.9% | -11.0% | ||
| Q1 25 | 42.4% | -10.2% | ||
| Q4 24 | 39.5% | -12.8% | ||
| Q3 24 | 42.1% | -16.4% | ||
| Q2 24 | 41.2% | -16.6% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 44.0% | — | ||
| Q3 25 | 32.6% | -8.1% | ||
| Q2 25 | 32.4% | -10.7% | ||
| Q1 25 | 7.2% | -10.3% | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 34.6% | -16.6% | ||
| Q2 24 | 32.9% | -17.0% |
| Q1 26 | $2.20 | — | ||
| Q4 25 | $2.49 | $-0.18 | ||
| Q3 25 | $1.84 | $-0.16 | ||
| Q2 25 | $1.91 | $-0.21 | ||
| Q1 25 | $0.40 | $-0.19 | ||
| Q4 24 | $1.74 | $-0.25 | ||
| Q3 24 | $1.90 | $-0.30 | ||
| Q2 24 | $1.72 | $-0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $377.3M | $95.3M |
| Total DebtLower is stronger | — | $40.0M |
| Stockholders' EquityBook value | $1.2B | $203.4M |
| Total Assets | $2.3B | $523.1M |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $377.3M | — | ||
| Q4 25 | $519.7M | $95.3M | ||
| Q3 25 | $473.3M | $90.6M | ||
| Q2 25 | $462.8M | $101.5M | ||
| Q1 25 | $486.2M | $100.9M | ||
| Q4 24 | $544.5M | $86.4M | ||
| Q3 24 | $446.3M | $82.9M | ||
| Q2 24 | $434.1M | $80.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $40.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $25.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.1B | $203.4M | ||
| Q3 25 | $1.4B | $194.1M | ||
| Q2 25 | $1.4B | $184.6M | ||
| Q1 25 | $1.3B | $175.3M | ||
| Q4 24 | $1.4B | $166.6M | ||
| Q3 24 | $1.4B | $158.1M | ||
| Q2 24 | $1.3B | $152.1M |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $1.9B | $523.1M | ||
| Q3 25 | $2.0B | $481.4M | ||
| Q2 25 | $2.0B | $422.9M | ||
| Q1 25 | $1.9B | $424.7M | ||
| Q4 24 | $1.8B | $428.3M | ||
| Q3 24 | $1.8B | $388.8M | ||
| Q2 24 | $1.9B | $393.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $10.9M |
| Free Cash FlowOCF − Capex | $15.9M | $9.9M |
| FCF MarginFCF / Revenue | 6.8% | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $581.0M | $39.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $382.1M | $10.9M | ||
| Q3 25 | $90.2M | $9.3M | ||
| Q2 25 | $103.7M | $5.1M | ||
| Q1 25 | $29.6M | $18.1M | ||
| Q4 24 | $385.2M | $4.1M | ||
| Q3 24 | $95.1M | $9.0M | ||
| Q2 24 | $118.8M | $2.1M |
| Q1 26 | $15.9M | — | ||
| Q4 25 | $373.9M | $9.9M | ||
| Q3 25 | $88.7M | $8.5M | ||
| Q2 25 | $102.5M | $4.2M | ||
| Q1 25 | $27.7M | $16.7M | ||
| Q4 24 | $375.3M | $3.3M | ||
| Q3 24 | $94.3M | $8.5M | ||
| Q2 24 | $111.2M | $1.6M |
| Q1 26 | 6.8% | — | ||
| Q4 25 | 178.6% | 8.2% | ||
| Q3 25 | 42.5% | 7.4% | ||
| Q2 25 | 46.7% | 3.7% | ||
| Q1 25 | 13.3% | 15.3% | ||
| Q4 24 | 185.4% | 3.0% | ||
| Q3 24 | 45.6% | 8.3% | ||
| Q2 24 | 56.2% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.9% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.5% | 0.8% | ||
| Q1 25 | 0.9% | 1.2% | ||
| Q4 24 | 4.9% | 0.8% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 3.9% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.14× | — | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.91× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.83× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MKTX
| Commissions | $203.5M | 87% |
| Information services | $14.4M | 6% |
| Post-trade services | $11.6M | 5% |
| Technology services | $3.9M | 2% |
SPT
Segment breakdown not available.
