MarketAxess Holdings Inc.
MarketAxess Holdings Inc. (MKTX) Financial Performance & Income Statement Overview
Review MarketAxess Holdings Inc. (MKTX) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
MarketAxess Holdings Inc. (MKTX) Income Statement & Financial Overview
Analyze MarketAxess Holdings Inc.’s MKTX earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $208.58M | $202.40M | $206.72M | $197.66M |
| Cost of Revenue | $66.10M | $63.84M | $62.82M | $60.91M |
| Gross Profit | $142.47M | $138.57M | $143.90M | $136.75M |
| Gross Profit Ratio | $0.68 | $0.68 | $0.70 | $0.69 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $35.86M | $21.26M | $19.56M | $19.28M |
| Operating Expenses | $54.09M | $58.59M | $56.84M | $55.41M |
| Total Costs & Expenses | $120.19M | $122.43M | $119.66M | $116.32M |
| Interest Income | $7.17M | $6.72M | $6.95M | $6.40M |
| Interest Expense | $213000.00 | $318000.00 | $346000.00 | $621000.00 |
| Depreciation & Amortization | $20.00M | $20.15M | $20.52M | $20.00M |
| EBITDA | $116.37M | $105.07M | $113.76M | $106.95M |
| EBITDA Ratio | $0.56 | $0.52 | $0.55 | $0.54 |
| Operating Income | $88.38M | $79.98M | $87.06M | $81.34M |
| Operating Income Ratio | $0.42 | $0.40 | $0.42 | $0.41 |
| Other Income/Expenses (Net) | $7.77M | $4.62M | $5.84M | $5.00M |
| Income Before Tax | $96.15M | $84.59M | $92.90M | $86.34M |
| Income Before Tax Ratio | $0.46 | $0.42 | $0.45 | $0.44 |
| Income Tax Expense | $81.09M | $19.46M | $21.41M | $21.40M |
| Net Income | $15.06M | $65.14M | $71.49M | $64.94M |
| Net Income Ratio | $0.07 | $0.32 | $0.35 | $0.33 |
| EPS | $0.40 | $1.74 | $1.91 | $1.72 |
| Diluted EPS | $0.40 | $1.73 | $1.90 | $1.72 |
| Weighted Avg Shares Outstanding | $37.39M | $37.48M | $37.53M | $37.66M |
| Weighted Avg Shares Outstanding (Diluted) | $37.46M | $37.60M | $37.61M | $37.69M |
Over the last four quarters, MarketAxess Holdings Inc. achieved steady financial progress, growing revenue from $197.66M in Q2 2024 to $208.58M in Q1 2025. Gross profit stayed firm with margins at 68% in Q1 2025 versus 69% in Q2 2024. Operating income totaled $88.38M in Q1 2025, maintaining a 42% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $116.37M. Net income dropped to $15.06M, with EPS at $0.40. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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