NASDAQ · MKTX
MarketAxess Holdings Inc.
Financial Services · Financial - Capital Markets
$165.42▲ 0.07% ($0.12)today
As of 12:35 PM ET
Valuation
P/E Valuation
Verdict: cheap. Price below all scenarios.
Estimated value / share · Base
$286.47
+73%Price vs. estimate range
Assumption scenarios, not confidence intervals
Bear $252.57, Base $286.47, Bull $404.15; price used $165.42
Bear $252.57, Base $286.47, Bull $404.15; price used $165.42
- P/E multiple
- 34.6×
- Earnings basis
- Trailing EPS
USD · Trailing earnings · Price Nov 2, 5:35 PM UTC
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 3.92% over the last year. Income grew 9.49% over the trailing twelve months. Operating margin moved from 58.41% to 52.79%.
What the market seems to be pricing
The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 52.79%. A decisive move in income — currently up 9.49% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
MarketAxess Holdings Inc. develops and operates a premier electronic trading platform, serving institutional investors and broker-dealers globally.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
2
Buy
19
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Jan 28, 2027
Q4 FY26 · EPS est $1.86 · Revenue est $220.2M
Same quarter, year over year
FY26 YTD +6.1%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $6.06 vs $5.71 · 2 of 3 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
FY25
FY24
FY23
—
—
—
—
Fiscal year totals
- FY25
- $7.39
- +1.7%
- FY24
- $7.27
- —
Q3 FY26
Reported Oct 23, 2026 · Latest
HoverTap a cell to inspect
Actual
$1.86
Estimate
$1.95
Year over year
+1.1%
Vs prior quarter
-4.6%
Institutional Sentiment
MarketAxess Holdings Inc. · MKTX
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.