Marketaxess Holdings (MKTX) EV to EBITDA (2011 - 2026)
Marketaxess Holdings' EV to EBITDA came in at 8.75 for Q2 2026, down 53.3% from 18.74 a year earlier and down 31.3% from the prior quarter.
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Analysis
Marketaxess Holdings (MKTX) EV to EBITDA (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Marketaxess Holdings reported EV to EBITDA of 5.56, down 63.5% year-over-year; for FY2025, it was 14.28, down 25.6% from FY2024.
- Going back by year, EV to EBITDA was 19.21 in FY2024 (-30.4%), 27.61 in FY2023 (+6.5%), 25.93 in FY2022 (-32.9%) and 38.62 in FY2021 (-25.3%).
- The Q2 2026 figure represents the lowest quarterly EV to EBITDA in data going back to Q1 2011.
- Year-over-year, EV to EBITDA has declined for four consecutive quarters, with an average decline of 21.5% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q3 2024 (growth of 12.0%), and the weakest in Q2 2026 (a decline of 53.3%).
- Business Quant data shows MKTX's EV to EBITDA at 12.73 (Q1 2026), 14.28 (Q4 2025) and 14.26 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.39 Bn | 94.48 Bn | - |
| 2 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - |
| 3 | Robinhood Markets | 88.39 Bn | 69.42 Bn | - |
| 4 | Nasdaq | 53.41 Bn | 50.83 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 36.99 Bn | 14.10 Bn | - |
| 6 | Cboe Global Markets | 32.94 Bn | 24.60 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.72 Bn | 21.04 Bn | - |
| 8 | Tradeweb Markets | 25.29 Bn | 17.31 Bn | - |
| 9 | Circle Internet | 21.31 Bn | 15.19 Bn | 288.85 Mn |
| 10 | Marketaxess Holdings | 5.79 Bn | 4.17 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.75 |
| Mar 31, 2026 | 12.73 |
| Dec 31, 2025 | 14.28 |
| Sep 30, 2025 | 14.26 |
| Jun 30, 2025 | 18.74 |
| Mar 31, 2025 | 18.61 |
| Dec 31, 2024 | 19.21 |
| Sep 30, 2024 | 22.34 |
| Jun 30, 2024 | 18.25 |
| Mar 31, 2024 | 20.66 |
| Dec 31, 2023 | 27.61 |
| Sep 30, 2023 | 19.95 |
| Jun 30, 2023 | 24.27 |
| Mar 31, 2023 | 36.30 |
| Dec 31, 2022 | 25.93 |
| Sep 30, 2022 | 21.08 |
| Jun 30, 2022 | 24.69 |
| Mar 31, 2022 | 33.01 |
| Dec 31, 2021 | 38.62 |
| Sep 30, 2021 | 38.36 |
API Access
Marketaxess Holdings EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=MKTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "MKTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=MKTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();