MarketAxess Holdings, Inc. operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties. The firm's patented trading technology allows institutional investor clients to request competitive, executable bids, or offers from multiple broker dealers simultaneously and to execute trades with the broker dealer of their choice. The company was founded by Richard M. Mcvey on April 11, 2000 and is headquartered in New York, NY.
Highlights
The net income is up by 42% year-on-year and by 16% since the previous quarter
Marketaxess Holdings's EPS has increased by 42% YoY and by 15% from the previous quarter
The price to earnings (P/E) is 49% higher than the 5-year quarterly average of 51.7 and 21% higher than the last 4 quarters average of 63.5
MKTX's debt is up by 6% year-on-year
Key stats
What are the main financial stats of MKTX
Market
Shares outstanding
37.97M
Market cap
$20.72B
Enterprise value
$20.41B
Valuations
Price to earnings (P/E)
77.06
Price to book (P/B)
24.23
Price to sales (P/S)
33.12
EV/EBIT
62.71
EV/EBITDA
56.3
EV/Sales
33.17
Earnings
Revenue
$615.14M
EBIT
$325.4M
EBITDA
$362.49M
Free cash flow
$338.51M
Per share
EPS
$7.08
Free cash flow per share
$9.07
Book value per share
$22.51
Revenue per share
$16.47
TBVPS
$22.29
Balance sheet
Total assets
$1.04B
Total liabilities
$185.73M
Debt
$94.7M
Equity
$853.48M
Working capital
N/A
Liquidity
Debt to equity
0.11
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.85
Margins
EBITDA margin
58.9%
Gross margin
100%
Net margin
42.7%
Operating margin
52.4%
Efficiency
Return on assets
27.5%
Return on equity
33.8%
Return on invested capital
60.2%
Return on capital employed
N/A
Return on sales
52.9%
Dividend
Dividend yield
0.42%
DPS
$2.31
Payout ratio
32.6%
MKTX stock price
How has the Marketaxess Holdings stock price performed over time
Financial performance
How have Marketaxess Holdings's revenue and profit performed over time
Revenue
$615.14M
Gross profit
$615.14M
Operating income
$322.04M
Net income
$262.95M
Gross margin
100%
Net margin
42.7%
MKTX's operating income is up by 43% year-on-year and by 16% since the previous quarter
The net income is up by 42% year-on-year and by 16% since the previous quarter
The gross profit has grown by 33% YoY and by 11% from the previous quarter
The revenue is up by 33% year-on-year and by 11% since the previous quarter
Growth
What is Marketaxess Holdings's growth rate over time
Valuation
What is Marketaxess Holdings stock price valuation
P/E
77.06
P/B
24.23
P/S
33.12
EV/EBIT
62.71
EV/EBITDA
56.3
EV/Sales
33.17
The price to earnings (P/E) is 49% higher than the 5-year quarterly average of 51.7 and 21% higher than the last 4 quarters average of 63.5
Marketaxess Holdings's EPS has increased by 42% YoY and by 15% from the previous quarter
The stock's P/B is 65% above its 5-year quarterly average of 14.7 and 30% above its last 4 quarters average of 18.6
The equity has increased by 29% YoY and by 7% from the previous quarter
The stock's price to sales (P/S) is 69% more than its 5-year quarterly average of 19.6 and 26% more than its last 4 quarters average of 26.2
The revenue is up by 33% year-on-year and by 11% since the previous quarter
Efficiency
How efficient is Marketaxess Holdings business performance
The company's return on invested capital rose by 20% YoY and by 16% QoQ
MKTX's ROE is up by 13% YoY and by 9% from the previous quarter
The ROA has grown by 9% from the previous quarter and by 9% YoY
Marketaxess Holdings's ROS has increased by 6% YoY and by 3.5% from the previous quarter
Dividends
What is MKTX's dividend history
DPS
$2.31
Dividend yield
0.42%
Payout ratio
32.6%
Recent dividends
Financial health
How did Marketaxess Holdings financials performed over time
The total assets has increased by 28% year-on-year and by 7% since the previous quarter
The company's total liabilities rose by 24% YoY and by 4.5% QoQ
MKTX's debt is 89% smaller than its equity
The equity has increased by 29% YoY and by 7% from the previous quarter
Marketaxess Holdings's debt to equity has decreased by 21% YoY and by 8% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.