Marketaxess Holdings (MKTX) FCF Margin (2010 - 2026)
Marketaxess Holdings (MKTX) posted FCF Margin of 32.39% for Q1 2026, down 146.18% sequentially from 70.13% in Q4 2025, and down 3939.0% YoY from 0.84% in Q1 2025.
Marketaxess Holdings (MKTX) FCF Margin (2010 - 2026) Analysis & Trends
Marketaxess Holdings has reported FCF Margin for 17 years, with the latest figure at 32.39% in Q1 2026.
- Quarterly FCF Margin fell 3939.0% year-over-year to 32.39% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 27.8% (down 2077.0% YoY) and the FY2025 annual result came in at 39.27%, down 666.0% from the prior year.
- FCF Margin fell to 32.39% in Q1 2026 per MKTX's latest filing, from 70.13% in the prior quarter.
- Over five years, FCF Margin peaked at 86.97% in Q4 2024 and troughed at 32.39% in Q1 2026.
- A 5-year average of 37.11% and a median of 44.48% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2023 and 2026: FCF Margin jumped 1710 bps in 2023, then plunged 3939 bps in 2026.
- Over 5 years, FCF Margin stood at 68.92% in 2022, then gained by 10 bps to 75.51% in 2023, then increased by 15 bps to 86.97% in 2024, then fell by 19 bps to 70.13% in 2025, then tumbled by 146 bps to 32.39% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 32.39%, 70.13%, and 25.28% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | -16.70% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 27.55% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 111.11% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 54.13% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -603.50% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 214.80% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 3.90% |
| 10 | Marketaxess Holdings | 6.70 Bn | 6.28 Bn | - | -32.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -32.39% |
| Dec 31, 2025 | 70.13% |
| Sep 30, 2025 | 25.28% |
| Jun 30, 2025 | 53.80% |
| Mar 31, 2025 | 7.00% |
| Dec 31, 2024 | 86.97% |
| Sep 30, 2024 | 53.13% |
| Jun 30, 2024 | 48.36% |
| Mar 31, 2024 | -2.92% |
| Dec 31, 2023 | 75.51% |
| Sep 30, 2023 | 42.48% |
| Jun 30, 2023 | 58.02% |
| Mar 31, 2023 | 3.60% |
| Dec 31, 2022 | 68.92% |
| Sep 30, 2022 | 44.48% |
| Jun 30, 2022 | 41.96% |
| Mar 31, 2022 | -13.50% |
| Dec 31, 2021 | 92.61% |
| Sep 30, 2021 | 29.60% |
| Jun 30, 2021 | 51.71% |