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Marketaxess Holdings Inc cash flow statement

In fiscal 2025, Marketaxess Holdings Inc's operations generated $382m of cash; it spent $8.2m on capital projects, leaving free cash flow of $374m. It returned $115m in dividends and $420m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations436465829111012090168224266404282289334385382200
Depreciation and amortisation76781317191819232736536171747778
Stock-based pay8978910131514162526273029303134
Capital spending55351555612361215171391086
Free cash flow385962767610511583156188254389265276324375374194
Free cash flow after stock pay30505568679610369142172228364237246295346343160
Dividends paid31114642024303849627691100106110113115113
Share buybacks—30775—382324422517166388075420345

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Marketaxess Holdings Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Marketaxess Holdings Inc.