Marketaxess Holdings (MKTX) FCF Margin (2010 - 2026)
Marketaxess Holdings' FCF Margin was 11.98% in Q2 2026, down 34.73 percentage points from 46.71% a year earlier but up 44.37 percentage points from the prior quarter.
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Analysis
Marketaxess Holdings (MKTX) FCF Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Marketaxess Holdings' FCF Margin was 22.33% through Jun 30, 2026, down 25.51 percentage points year-over-year; for FY2025, it was 44.19%, down 1.74 percentage points from FY2024.
- FCF Margin shows a five-year change of -12.33 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 45.93% in FY2024 (+2.82 pp), 43.11% in FY2023 (+4.68 pp), 38.44% in FY2022 (+0.58 pp) and 37.86% in FY2021 (-18.66 pp).
- Quarterly FCF Margin has moved between -32.39% (Q1 2026) and 86.97% (Q4 2024) over five years.
- Compared with a year earlier, FCF Margin has declined for five straight quarters, with an average year-over-year change of -8.81 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q3 2021 (a gain of 67.59 percentage points); the worst was Q1 2026 (a drop of 45.67 percentage points).
- Per Business Quant data, MKTX's FCF Margin in the three quarters before Q2 2026 was -32.39% (Q1 2026), 74.05% (Q4 2025) and 42.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 54.13% |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 34.85% |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 54.13% |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 51.34% |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 25.04% |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | -74.14% |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 326.90% |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | -6.69% |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | -37.17% |
| 10 | Marketaxess Holdings | 5.77 Bn | 4.17 Bn | - | 11.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.98% |
| Mar 31, 2026 | -32.39% |
| Dec 31, 2025 | 74.05% |
| Sep 30, 2025 | 42.46% |
| Jun 30, 2025 | 46.71% |
| Mar 31, 2025 | 13.28% |
| Dec 31, 2024 | 86.97% |
| Sep 30, 2024 | 45.60% |
| Jun 30, 2024 | 56.23% |
| Mar 31, 2024 | -2.92% |
| Dec 31, 2023 | 70.78% |
| Sep 30, 2023 | 42.48% |
| Jun 30, 2023 | 58.02% |
| Mar 31, 2023 | 3.60% |
| Dec 31, 2022 | 71.80% |
| Sep 30, 2022 | 47.14% |
| Jun 30, 2022 | 50.68% |
| Mar 31, 2022 | -13.50% |
| Dec 31, 2021 | 86.50% |
| Sep 30, 2021 | 35.82% |
API Access
Marketaxess Holdings FCF Margin 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=fcf-margin&ticker=MKTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=MKTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();