Marketaxess Holdings (MKTX) EBITDA Margin (2010 - 2026)
Marketaxess Holdings' (MKTX) quarterly EBITDA Margin came in at 43.24% in Q1 2026, up 87.0% year-on-year from 23.12% in Q1 2025, and up 19.13% quarter-over-quarter from 36.3% in Q4 2025.
Marketaxess Holdings (MKTX) EBITDA Margin (2010 - 2026) Analysis & Trends
Marketaxess Holdings has disclosed EBITDA Margin across 17 years of filings, most recently posting 43.24% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 43.24%, up 87.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 40.68% (down 62.0% YoY), and the FY2025 annual result was 40.39%, down 132.0% from the prior year.
- EBITDA Margin came in at 43.24% for Q1 2026 at Marketaxess Holdings, up from 36.3% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 47.35% in Q1 2022 to a low of 85.24% in Q4 2023.
- The 5-year median for EBITDA Margin is 42.11% (2024), against an average of 35.06%.
- Across the five-year window, EBITDA Margin slumped 12890 bps in 2023 and soared 12475 bps in 2024, its largest moves.
- Marketaxess Holdings' EBITDA Margin stood at 43.66% in 2022, then sank by 295 bps to 85.24% in 2023, then jumped by 146 bps to 39.51% in 2024, then dropped by 8 bps to 36.3% in 2025, then increased by 19 bps to 43.24% in 2026.
- The last three EBITDA Margin figures came in at 43.24% (Q1 2026), 36.3% (Q4 2025), and 40.98% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 95.15% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 136.81% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 61.80% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 14.74% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 11.84% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 47.66% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 110.52% |
| 10 | Marketaxess Holdings | 4.10 Bn | 3.73 Bn | - | 43.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.24% |
| Dec 31, 2025 | 36.30% |
| Sep 30, 2025 | 40.98% |
| Jun 30, 2025 | 41.86% |
| Mar 31, 2025 | 42.37% |
| Dec 31, 2024 | 39.51% |
| Sep 30, 2024 | 42.11% |
| Jun 30, 2024 | 41.15% |
| Mar 31, 2024 | 43.98% |
| Dec 31, 2023 | -85.24% |
| Sep 30, 2023 | 38.84% |
| Jun 30, 2023 | 42.11% |
| Mar 31, 2023 | 46.93% |
| Dec 31, 2022 | 43.66% |
| Sep 30, 2022 | 44.34% |
| Jun 30, 2022 | 46.53% |
| Mar 31, 2022 | 47.35% |
| Dec 31, 2021 | 43.97% |
| Sep 30, 2021 | 45.65% |
| Jun 30, 2021 | 49.44% |