Marketaxess Holdings (MKTX) FCF Margin (2010 - 2026)
Marketaxess Holdings (MKTX) posted FCF Margin of 39.6% for Q1 2026, down 144.0% sequentially from 90.0% in Q4 2025, and down 4660.0% YoY from 0.87% in Q1 2025.
Marketaxess Holdings (MKTX) FCF Margin (2010 - 2026) Analysis & Trends
Marketaxess Holdings (MKTX) has 17 years of FCF Margin data on file, last reported at 39.6% in Q1 2026.
- Quarterly FCF Margin fell 4660.0% year-over-year to 39.6% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 30.64% (down 1837.0% YoY) and the FY2025 annual result came in at 44.19%, down 174.0% from the prior year.
- FCF Margin eased to 39.6% in Q1 2026 per MKTX's latest filing, from 90.0% in the prior quarter.
- The five-year high for FCF Margin was 99.85% in Q4 2024, with the low at 39.6% in Q1 2026.
- Average FCF Margin over 5 years is 38.62%, with a median of 35.25% recorded in 2022.
- Year-over-year, FCF Margin surged 2152 bps in 2023 and slumped 4660 bps in 2026.
- Marketaxess Holdings' FCF Margin stood at 83.3% in 2022, then increased by 6 bps to 87.95% in 2023, then increased by 14 bps to 99.85% in 2024, then decreased by 10 bps to 90.0% in 2025, then sank by 144 bps to 39.6% in 2026.
- Business Quant data shows MKTX's FCF Margin at 39.6% in Q1 2026, 90.0% in Q4 2025, and 26.47% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -38.15% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -188.27% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 111.11% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 190.16% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 2.52% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 16.77% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 28.16% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -791.16% |
| 10 | Marketaxess Holdings | 14.20 Mn | -349.59 Mn | - | -39.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -39.60% |
| Dec 31, 2025 | 90.00% |
| Sep 30, 2025 | 26.47% |
| Jun 30, 2025 | 52.68% |
| Mar 31, 2025 | 7.00% |
| Dec 31, 2024 | 99.85% |
| Sep 30, 2024 | 28.92% |
| Jun 30, 2024 | 62.32% |
| Mar 31, 2024 | -4.65% |
| Dec 31, 2023 | 87.95% |
| Sep 30, 2023 | 28.23% |
| Jun 30, 2023 | 57.90% |
| Mar 31, 2023 | 3.70% |
| Dec 31, 2022 | 83.30% |
| Sep 30, 2022 | 35.25% |
| Jun 30, 2022 | 55.09% |
| Mar 31, 2022 | -17.82% |
| Dec 31, 2021 | 77.04% |
| Sep 30, 2021 | 39.92% |
| Jun 30, 2021 | 50.10% |