Marketaxess Holdings (MKTX) EBT Margin (2010 - 2026)
Marketaxess Holdings (MKTX) posted EBT Margin of 44.51% for Q1 2026, up 16.83% sequentially from 38.1% in Q4 2025, and down 159.0% YoY from 75.45% in Q1 2025.
Marketaxess Holdings (MKTX) EBT Margin (2010 - 2026) Analysis & Trends
Marketaxess Holdings has reported EBT Margin for 17 years, with the latest figure at 44.51% in Q1 2026.
- Quarterly EBT Margin fell 159.0% year-over-year to 44.51% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 43.02% (down 113.0% YoY) and the FY2025 annual result came in at 43.37%, down 76.0% from the prior year.
- EBT Margin improved to 44.51% in Q1 2026 per MKTX's latest filing, from 38.1% in the prior quarter.
- Over five years, EBT Margin peaked at 49.16% in Q2 2022 and troughed at 38.1% in Q4 2025.
- A 5-year average of 44.64% and a median of 44.65% in 2022 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2023 and 2024: EBT Margin sank 526 bps in 2023, then surged 330 bps in 2024.
- Over 5 years, EBT Margin stood at 44.65% in 2022, then dropped by 5 bps to 42.49% in 2023, then retreated by 2 bps to 41.8% in 2024, then fell by 9 bps to 38.1% in 2025, then climbed by 17 bps to 44.51% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 44.51%, 38.1%, and 44.84% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 34.42% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 42.10% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 51.88% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 54.20% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 76.79% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 9.94% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 48.34% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 7.46% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 62.17% |
| 10 | Marketaxess Holdings | 5.72 Bn | 5.42 Bn | - | 41.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 41.10% |
| Mar 31, 2026 | 44.51% |
| Dec 31, 2025 | 38.10% |
| Sep 30, 2025 | 44.84% |
| Jun 30, 2025 | 44.39% |
| Mar 31, 2025 | 46.10% |
| Dec 31, 2024 | 41.80% |
| Sep 30, 2024 | 44.94% |
| Jun 30, 2024 | 43.68% |
| Mar 31, 2024 | 45.99% |
| Dec 31, 2023 | 42.49% |
| Sep 30, 2023 | 41.64% |
| Jun 30, 2023 | 43.90% |
| Mar 31, 2023 | 48.33% |
| Dec 31, 2022 | 44.65% |
| Sep 30, 2022 | 45.82% |
| Jun 30, 2022 | 49.16% |
| Mar 31, 2022 | 48.60% |
| Dec 31, 2021 | 43.36% |
| Sep 30, 2021 | 45.96% |