Marketaxess Holdings (MKTX) EBITDA Margin (2010 - 2026)
Marketaxess Holdings (MKTX) posted EBITDA Margin of 43.24% for Q1 2026, up 19.13% sequentially from 36.3% in Q4 2025, and up 87.0% YoY from 23.12% in Q1 2025.
Marketaxess Holdings (MKTX) EBITDA Margin (2010 - 2026) Analysis & Trends
Marketaxess Holdings (MKTX) has 17 years of EBITDA Margin data on file, last reported at 43.24% in Q1 2026.
- Quarterly EBITDA Margin rose 87.0% year-over-year to 43.24% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 40.68% (down 62.0% YoY) and the FY2025 annual result came in at 40.39%, down 132.0% from the prior year.
- EBITDA Margin rose to 43.24% in Q1 2026 per MKTX's latest filing, from 36.3% in the prior quarter.
- The five-year high for EBITDA Margin was 47.35% in Q1 2022, with the low at 85.24% in Q4 2023.
- Average EBITDA Margin over 5 years is 35.06%, with a median of 42.11% recorded in 2024.
- Year-over-year, EBITDA Margin plunged 12890 bps in 2023 and jumped 12475 bps in 2024.
- Marketaxess Holdings' EBITDA Margin stood at 43.66% in 2022, then slumped by 295 bps to 85.24% in 2023, then jumped by 146 bps to 39.51% in 2024, then retreated by 8 bps to 36.3% in 2025, then advanced by 19 bps to 43.24% in 2026.
- Business Quant data shows MKTX's EBITDA Margin at 43.24% in Q1 2026, 36.3% in Q4 2025, and 40.98% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 95.15% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 136.81% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 61.80% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 124.07% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 28.49% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 11.84% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 47.66% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 110.52% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -176.07% |
| 10 | Marketaxess Holdings | 14.20 Mn | -349.59 Mn | - | 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% |