Stock AnalizMarketaxess Holdings Inc. MKTX
Investment Bankers/Brokers/Service · IPO 2004 · data as of November 13, 2026
Marketaxess Holdings Inc. (MKTX) is a financial company listed in the US with a market value of about $5.8B. In the twelve months to September 30, 2026 it had revenue of $872M and net income of $292M, a net margin of 33.5%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is financial health (5/5); the weakest is future growth (1/5).
Key numbers: a P/E of 20.2, a price to free cash flow of 16.5, 5-year revenue growth of 4% a year, a 5-year average ROIC of 19%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 35% below the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/FCF below 20
- 3-year free cash flow growth above 10% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- ROE above 15%
- More cash than debt, or low debt to equity
- Positive free cash flow
Checks not passed
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $872M | $846M | $817M | $753M | $718M | $699M | $689M | $511M | $436M | $397M | $370M |
| Net income | $292M | $247M | $274M | $258M | $250M | $258M | $299M | $205M | $173M | $148M | $126M |
| Free cash flow | $352M | $374M | $375M | $324M | $276M | $265M | $389M | $254M | $188M | $156M | $83M |
| EPS (diluted) | $8.16 | $6.64 | $7.28 | $6.85 | $6.65 | $6.77 | $7.85 | $5.40 | $4.57 | $3.89 | $3.34 |
| Net margin | 33.5% | 29.1% | 33.6% | 34.3% | 34.8% | 36.9% | 43.4% | 40.1% | 39.7% | 37.3% | 34.1% |
| ROIC | — | 16.1% | 17.7% | 17.8% | 20.8% | 23.1% | 28.6% | 23.0% | 27.7% | 28.5% | 26.7% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 9 analysts is $162.22, 2% below the current price; targets range from $124.00 to $167.00; the consensus rating is “Hold”; expected EPS is $7.85 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Marketaxess’s P/E ratio?
About 20.2, based on the last twelve months of diluted earnings per share (forward P/E about 19.6).
Is Marketaxess stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 35% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Marketaxess pay a dividend?
Yes. The dividend yield is about 1.89%, and it has paid dividends for 10 years in our data.
Is Marketaxess a good stock to buy?
We do not give buy or sell advice. Marketaxess scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.