MKTX · XBRL financial data

Marketaxess Holdings financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (MKTX's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	689	699	718	753	817	846
General and administrative	13	15	19	23	23	27
Total operating expenses	314	362	391	438	476	504
Operating income (loss)	375	337	327	315	341	342
Interest expense	1	1	1	2	2	1
Other income (expense)	(2)	(3)	6	(3)	(6)	2
Income tax expense (benefit)	75	76	88	75	86	120
Net income (loss)	299	258	250	258	274	247
Earnings per share, basic USD per share	8.01	6.88	6.68	6.87	7.29	6.66
Earnings per share, diluted USD per share	7.85	6.77	6.65	6.85	7.28	6.64
Weighted average shares, basic millions of shares	37	38	37	38	38	37
Weighted average shares, diluted millions of shares	38	38	38	38	38	37

Fiscal years (MKTX's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	461	507	431	451	544	520
Property and equipment, net	85	96	100	103	107	112
Right-of-use asset	76	71	66	63	58	52
Goodwill	147	155	155	237	237	284
Total assets	1,331	1,530	1,608	2,015	1,789	1,935
Total liabilities	376	489	527	722	401	777
Retained earnings	799	957	1,102	1,244	1,406	1,539
Total stockholders' equity	955	1,041	1,081	1,293	1,389	1,146
Total liabilities and equity	1,331	1,530	1,608	2,015	1,789	1,935
Common shares outstanding (cover page) millions of shares	38	38	38	38	38	36

Fiscal years (MKTX's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	299	258	250	258	274	247
Stock-based compensation	26	27	30	29	30	31
Net cash from operating activities	404	282	289	334	385	382
Purchases of property and equipment	15	17	13	9	10	8
Net cash from investing activities	69	(68)	(86)	(155)	(87)	(97)
Share repurchases	16	63	88	0	75	420
Net cash from financing activities	(145)	(190)	(242)	(147)	(201)	(332)
Net change in cash	334	18	(53)	39	89	(25)

SIC 6211 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6211 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Marketaxess Holdings	246	218	27*	35.2M	—	Q2 FY26 10-QJun 30, 2026
Jefferies Financial Group	16,884	1,752	2,591*	not reported	—	Q3 FY26 10-QAug 31, 2026
Sei Investments	400	662	218*	118.6M	—	Q3 FY26 10-QSep 30, 2026
Stifel Financial	1,629	1,001	801*	not reported	—	Q3 FY26 10-QSep 30, 2026
Piper Sandler Companies	304	496	36*	70.7M	—	Q2 FY26 10-QJun 30, 2026
Miami International Holdings	699	376	23*	100.1M	—	Q3 FY26 10-QSep 30, 2026
Galaxy Digital	896	8,557	372*	not reported	—	Q2 FY26 10-QJun 30, 2026
Virtu Financial	1,069	1,190	117*	not reported	—	Q2 FY26 10-QJun 30, 2026
Freedom Holding	1,351	733	(342)	63.8M	4.0 quarters	Q1 FY27 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.