MKTX
MarketAxess Holdings margins
- Stocks
- Financial Services
- NASDAQ: MKTX
- Margins
Using the latest TTM figures, MarketAxess Holdings shows a gross margin of 100%, an operating margin of 40.5%, an EBITDA margin of 52.6%, and a net margin of 35.2%. Net margin showed the largest year-over-year gain at 8.6 percentage points, whereas EBITDA margin showed the largest decline at 1.6 percentage points.
MKTX margin history
Looking back over the last 3 years, MarketAxess Holdings recorded average margins of 100% gross, 41.16% operating, 53.99% EBITDA, and 31.72% net. The current figures show net margin is above its three-year average, while operating and EBITDA margins are below their three-year averages.
MKTX margin expansion
The largest positive change was in net margin, up 8.6 percentage points. The expansion was limited to net margin, while operating margin contracted by 1 percentage point and EBITDA margin by 1.6 percentage points.
MKTX Gross margin
MarketAxess Holdings recorded an average gross margin of 100% across the last 3 years. MarketAxess Holdings's current gross margin is 100% and is in line with its three-year average. The highest gross margin for MarketAxess Holdings was 100% in Jun 2026, while the lowest was 100% in Dec 2023.
MKTX Operating margin
MarketAxess Holdings recorded an average operating margin of 41.16% across the last 3 years. The current operating margin stands at 40.5%, 0.7 percentage points below its three-year average. Operating margin was highest at 41.9% in Dec 2023 and lowest at 40.4% in Dec 2025.
MKTX EBITDA margin
MarketAxess Holdings's EBITDA margin averaged 53.99% across the past 3 years. Compared with its three-year average, MarketAxess Holdings's current EBITDA margin is 52.6% and is 1.4 percentage points below its three-year average. Over the last 3 years, MarketAxess Holdings's EBITDA margin peaked at 54.7% in Sep 2024 and reached a low of 52.6% in Jun 2026.
MKTX Net margin
Over the last 3 years, the average net margin for MarketAxess Holdings was 31.72%. The latest net margin for MarketAxess Holdings is 35.2%, 3.5 percentage points above its three-year average. MarketAxess Holdings's net margin ranged from a low of 26.2% in Sep 2025 to a high of 35.5% in Mar 2026.
MKTX margin group comparison
With a gross margin of 100%, MKTX stands above the Financial Services sector, the industry and its peers average. In comparison with its Financial Services sector average of 83.9%, MarketAxess Holdings's gross margin is 19% higher.
MKTX margin peer comparison
Frequently asked questions
What is MarketAxess Holdings's gross margin?
As of Jun 30, 2026, MKTX has a gross margin of 100%.
What is MarketAxess Holdings's operating margin?
As of Jun 30, 2026, MKTX has an operating margin of 40.5%.
What is MarketAxess Holdings's EBITDA margin?
The current EBITDA margin for MKTX is 52.6% as of Jun 30, 2026.
What is MarketAxess Holdings's net margin?
As of Jun 30, 2026, MKTX has a net margin of 35.2%.
What are the average margins of MKTX?
Over the past 3 years, MKTX reported average margins of 100.0% gross, 41.2% operating, 54.0% EBITDA, and 31.7% net.
What are the highest historical margins of MKTX?
Over the last 5 years, MarketAxess Holdings's highest margins were 100% gross in Jun 2026, 48.2% operating in Dec 2021, 56.5% EBITDA in Dec 2022, and 36.9% net in Dec 2021.
What are the lowest historical margins of MKTX?
Looking back across 5 years, MKTX reached its lowest margins at 100% gross in Dec 2021, 40.4% operating in Dec 2025, 52.6% EBITDA in Jun 2026, and 26.2% net in Sep 2025.