Marketaxess Holdings Inc income statement
In fiscal 2025, Marketaxess Holdings Inc reported revenue of $846m, up 3.6% on the year before, operating income of $342m (a 40.4% margin) and net income of $247m, or $6.64 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 114 | 146 | 172 | 191 | 239 | 263 | 303 | 370 | 397 | 436 | 511 | 689 | 699 | 718 | 753 | 817 | 846 | 870 |
| General and administrative | 6 | 8 | 6 | 8 | 9 | 10 | 10 | 9 | 11 | 11 | 16 | 13 | 15 | 19 | 23 | 23 | 27 | 27 |
| Operating income | — | — | — | — | — | — | — | 190 | 200 | 213 | 251 | 375 | 337 | 327 | 315 | 341 | 342 | 352 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | 1 | 1 | 1 | 2 | 2 | 1 | 6 |
| Income before tax | 30 | 51 | 81 | 89 | 107 | 119 | 148 | 192 | 202 | 218 | 257 | 374 | 334 | 338 | 333 | 361 | 367 | 367 |
| Income tax | 14 | 19 | 32 | 28 | 39 | 44 | 52 | 65 | 54 | 45 | 53 | 75 | 76 | 88 | 75 | 86 | 120 | 60 |
| Net income | 16 | 31 | 48 | 60 | 76 | 75 | 96 | 126 | 148 | 173 | 205 | 299 | 258 | 250 | 258 | 274 | 247 | 306 |
| Diluted EPS | $0.42 | $0.80 | $1.20 | $1.59 | $2.01 | $1.97 | $2.55 | $3.34 | $3.89 | $4.57 | $5.40 | $7.85 | $6.77 | $6.65 | $6.85 | $7.28 | $6.64 | $8.49 |
| Diluted shares (average) | 38m | 39m | 40m | 38m | 38m | 38m | 38m | 38m | 38m | 38m | 38m | 38m | 38m | 38m | 38m | 38m | 37m | 36m |
| EBITDA | — | — | — | — | — | — | — | 208 | 219 | 236 | 278 | 411 | 391 | 388 | 386 | 415 | 419 | 430 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 207 | 202 | 209 | 219 | 209 | 209 | 233 | 218 |
| General and administrative | 6 | 7 | 6 | 5 | 6 | 9 | 6 | 6 |
| Operating income | 87 | 80 | 88 | 92 | 86 | 76 | 101 | 90 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 |
| Income before tax | 93 | 85 | 96 | 97 | 94 | 80 | 104 | 90 |
| Income tax | 21 | 19 | 81 | 26 | 25 | −13 | 26 | 21 |
| Net income | 71 | 65 | 15 | 71 | 68 | 92 | 78 | 68 |
| Diluted EPS | $1.90 | $1.73 | $0.40 | $1.91 | $1.84 | $2.50 | $2.20 | $1.93 |
| EBITDA | 106 | 99 | 107 | 111 | 105 | 96 | 120 | 109 |
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