MARKETAXESS HOLDINGS INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $846.3M | $817.1M | $752.5M | $718.3M | $699.0M |
| Operating expenses | $504.4M | $476.2M | $437.5M | $391.4M | $361.7M |
| Operating income | $341.8M | $340.9M | $315.0M | $326.9M | $337.2M |
| Interest expense | $1.5M | $1.6M | $2.0M | $700,000 | $842,000 |
| Pretax income | $367.0M | $360.5M | $332.7M | $338.3M | $333.9M |
| Income tax expense | $120.1M | $86.4M | $74.6M | $88.1M | $76.0M |
| Net income | $246.6M | $274.2M | $258.1M | $250.2M | $257.9M |
| Balance Sheet | |||||
| Cash and equivalents | $519.7M | $544.5M | $451.3M | $430.7M | $506.7M |
| Total assets | $1.9B | $1.8B | $2.0B | $1.6B | $1.5B |
| Total liabilities | $776.6M | $400.6M | $722.1M | $526.7M | $489.1M |
| Stockholders' equity | $1.1B | $1.4B | $1.3B | $1.1B | $1.0B |
| Cash Flow Statement | |||||
| Cash from operations | $382.1M | $385.2M | $333.8M | $289.2M | $282.1M |
| Depreciation and amortization | $76.7M | $73.8M | $70.6M | $61.4M | $53.4M |
| Stock-based compensation | $30.9M | $29.7M | $29.2M | $29.9M | $27.3M |
| Capital expenditure | $8.2M | $9.9M | $9.3M | $13.1M | $17.5M |
| Free cash flow | $373.9M | $375.3M | $324.4M | $276.1M | $264.6M |
| Dividends paid | $115.2M | $112.7M | $109.7M | $105.9M | $99.8M |
| Share repurchases | $420.0M | $75.5M | $0 | $87.5M | $63.2M |
Shares outstanding 35.5M · Free float 97.5%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.