NASDAQ: MKTX
MarketAxess Holdings Inc.
Financial Services · Financial - Capital Markets
After hours: $162.28(0%) · as of 7:34 PM ET
Market Cap
$5.71B
52w High
$210.05
52w Low
$108.75
P/E
18.67
Volume
1.59M
Outstanding Shares
35.19M
Valuation Data Insufficient
The DCF model's fair value estimate is more than 3× the current stock price. This typically indicates unreliable model inputs — such as irregular cash flows or balance sheet distortions — rather than a genuine opportunity, so the valuation is not shown.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 22.51% over the last year. Revenue grew 3.43% over the trailing twelve months. Operating margin moved from 42.02% to 40.51%. Free cash flow declined 34.67% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 40.51%. Free cash flow fell 34.67% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
MarketAxess Holdings Inc. develops and operates a premier electronic trading platform, serving institutional investors and broker-dealers globally.
Valuation
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
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 6, 2026
Q4 FY26 · EPS est $1.95 · Revenue est $219.38M
View
Dividends
$3.10/shareQuarterlyDividend Achiever · 12yrEx-div Aug 19, 2026 · in 15dSafeMKTX pays a dividend with a 1.91% declared yield, 12 consecutive years of growth, growing at 3.74% annually, covered 3.2× by free cash flow.
Declared Yield
1.91%
Annual Div / Share
$3.10
5yr CAGR
+3.74%
Doubles every ~18.9yr
Payout Ratio
37.25%
Safe
Dividend Growth Rate
3yr CAGR
+2.72%
5yr CAGR
+3.74%
10yr CAGR
+12.21%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$2/mo
In 10 yrs
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$19/yr $2/mo | $23/yr+20% $2/mo | $28/yr+44% $2/mo |
Yield-on-cost grows from 1.91% → 2.76% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
MKTX has raised its dividend for 12 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 3.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.