MarketAxess

Financials Financial Exchanges & Data New York City, New York Last filing Feb 24, 2025 · FY2024

                    Revenue
                    FY2024
                
$817.1M
                    3y CAGR +5.3%
                    
                    P22
                    
                    n/a
                    
                    Net income
                    FY2024
                
$274.2M
                    Net margin +33.6%
                    
                    P83
                    
                    n/a
                    
                    Total assets
                    FY2024
                
$1.8B
                    ROA +15.3%
                    
                    P93
                    
                    n/a
                    
                    Operating cash flow
                    FY2024
                
$385.2M
                    FCF margin +45.9%
                    
                    P80
                    
                    n/a

12 yrs · FY2011–FY2024 2 gaps (2018–2017) 1 quarantined 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 1 year

Total assets $1.8B

Total liabilities $400.6M

Shareholders equity $1.4B

Account	2024	Trend
Assets
Cash and Cash Equivalents	—
Restricted Cash	—
Cash and Securities Segregated Under Federal Regulations	—
Accounts Receivable	—
Allowance For Doubtful Accounts	—
Deposits and Other Receivables From Broker Dealers	—
Trading Securities	—
Prepaid Expenses	—
Property and Equipment	—
Goodwill	—
Intangible Assets	—
Operating Lease Right of Use Assets	—
Deferred Tax Assets	—
Total Assets	—
Liabilities
Accounts Payable	—
Accrued Compensation and Benefits	—
Payables To Broker Dealers	—
Income Taxes Payable	—
Operating Lease Liability,Current	—
Contract Liabilities	—
Operating Lease Liability,Non Current	—
Total Liabilities	—
Equity
Common Stock	—
Preferred Stock	—
Additional Paid In Capital	—
Retained Earnings	—
Treasury Stock	—
Accumulated Other Comprehensive Income(loss)	—
Total Stockholders Equity	—
Total Liabilities and Stockholders Equity	—
Total Liabilitiesand Equity	—

Income Statement

Revenue, expense, and profitability

23 accounts · 1 year

Revenue $817.1M

Operating income $340.9M

Net income $274.2M

Account	2024	Trend
IncomeStatement
Revenues Total Revenues	—
Expenses Total Operating Expenses	—
Expenses Employee Compensation and Benefits	—
Expenses Information Systems and Technology	—
Expenses Professional and Consulting Fees	—
Expenses Occupancy and Equipment Costs	—
Expenses Depreciation and Amortization	—
Expenses Marketing and Advertising	—
Expenses General and Administrative	—
Operating Income Operating Income	—
Non Operating Items Non Operating Income(expense)	—
Non Operating Items Foreign Exchange Gain(loss)	—
Non Operating Items Gain(loss)On Investments	—
Non Operating Items Equity In Earnings of Unconsolidated Subsidiaries	—
Income Before Tax Income Before Income Taxes	—
Income Tax Income Tax Expense(benefit)	—
net Income net Income	—
Earnings Per Share Earnings Per Share,Basic	—
Earnings Per Share Earnings Per Share,Diluted	—
Earnings Per Share Weighted Average Shares,Basic	—
Earnings Per Share Weighted Average Shares,Diluted	—
Comprehensive Income Other Comprehensive Income(loss)	—
Comprehensive Income Comprehensive Income	—

Cash Flow Statement

Operating, investing, and financing flows

28 accounts · 1 year

Operating cash flow $385.2M

Investing cash flow $-86.9M

Financing cash flow $-201.4M

Account	2024	Trend
CashFlow
Operating Activities net Income	—
Operating Activities Depreciation and Amortization	—
Operating Activities Stock Based Compensation	—
Operating Activities Deferred Income Taxes	—
Operating Activities Change In Accounts Receivable	—
Operating Activities Change In Accounts Payable and Accrued Liabilities	—
Operating Activities Change In Income Tax Payable	—
Operating Activities Change In Broker Receivables/payables	—
Operating Activities Change In Other Operating Assets and Liabilities	—
Operating Activities net Cash Provided by Operating Activities	—
Investing Activities Capital Expenditures	—
Investing Activities Software Development Costs	—
Investing Activities Purchases of Investments	—
Investing Activities Proceeds From Sales and Maturities of Investments	—
Investing Activities Equity Method Investments	—
Investing Activities net Cash Used In Investing Activities	—
Financing Activities Proceeds From Debt	—
Financing Activities Dividends Paid	—
Financing Activities Repurchase of Common Stock	—
Financing Activities Proceeds From Exercise of Stock Options	—
Financing Activities Payments For Tax Withholding On Share Based Compensation	—
Financing Activities net Cash Used In Financing Activities	—
Exchange Rate and Cash Reconciliation Effect of Exchange Rate Changes	—
Exchange Rate and Cash Reconciliation net Increase(decrease)In Cash	—
Exchange Rate and Cash Reconciliation Cash and Cash Equivalents At Beginning of Period	—
Exchange Rate and Cash Reconciliation Cash and Cash Equivalents At End of Period	—
Supplemental Disclosures Interest Paid	—
Supplemental Disclosures Income Taxes Paid	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2024
Profitability
Gross margin	—
Operating margin	+41.7%
Net margin	+33.6%
FCF margin	+45.9%
Growth
Revenue CAGR (3y)	+5.3%
Returns
ROE	+19.7%
ROA	+15.3%
ROIC	—
Liquidity
Current ratio	—
Quick ratio	—
Leverage
D/E	0.29x
Interest coverage	—
Efficiency
Asset turnover	0.46x
Cash conversion cycle	—

Valuation

Price against fundamentals

FY2024 fundamentals · no price

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