Factset Research Systems vs Marketaxess Holdings
Factset Research Systems is the larger business, with $2.48bn of revenue in fiscal 2026 against $846m for Marketaxess Holdings (2.9 times as much). Factset Research Systems grew faster (6.7% against 3.6%). Marketaxess Holdings kept more of each dollar of sales as profit: a net margin of 29.1% against 21.5%. Marketaxess Holdings carries less debt relative to equity (19.2% against 68.7%).
| Latest fiscal year | Factset Research SystemsFDS, 2026 | Marketaxess HoldingsMKTX, 2025 |
|---|---|---|
| Revenue | $2.48bn | $846m |
| Revenue growth | 6.7% | 3.6% |
| Net income | $533m | $247m |
| Operating margin | 28.3% | 40.4% |
| Net margin | 21.5% | 29.1% |
| Return on equity | 25.5% | 19.5% |
| Free cash flow | $707m | $374m |
| Cash | $233m | $520m |
| Total debt | $1.38bn | $220m |
| Debt to equity | 68.7% | 19.2% |
| Dividend per share | — | $3.04 |
| Dividend yield | 1.4% | 1.9% |
| Share buybacks | $644m | $420m |
| Employees | 12,444 | 868 |
| Market value | $11.77bn | $5.82bn |
| Price vs our value range | Within our value range | — |
| Moat score | 90 (Strong) | 90 (Strong) |
| Insider trades, 12 months | 1 buys, 4 sales | 0 buys, 12 sales |