Marketaxess Holdings (MKTX) Free Cash Flow (2010 - 2026)

Marketaxess Holdings (MKTX) posted Free Cash Flow of -$92.4 million for Q1 2026, down 149.04% sequentially from $188.5 million in Q4 2025, and down 733.09% YoY from $14.6 million in Q1 2025.

Marketaxess Holdings (MKTX) Free Cash Flow (2010 - 2026) Analysis & Trends

Marketaxess Holdings (MKTX) has 17 years of Free Cash Flow data on file, last reported at -$92.4 million in Q1 2026.

  • Quarterly Free Cash Flow fell 733.09% year-over-year to -$92.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $266.9 million (down 33.21% YoY) and the FY2025 annual result came in at $373.9 million, changed 0.36% from the prior year.
  • Free Cash Flow eased to -$92.4 million in Q1 2026 per MKTX's latest filing, from $188.5 million in the prior quarter.
  • The five-year high for Free Cash Flow was $202.1 million in Q4 2024, with the low at -$92.4 million in Q1 2026.
  • Average Free Cash Flow over 5 years is $74.5 million, with a median of $60.7 million recorded in 2022.
  • Year-over-year, Free Cash Flow jumped 249.36% in 2025 and slumped 733.09% in 2026.
  • Marketaxess Holdings' Free Cash Flow stood at $148.2 million in 2022, then gained by 17.07% to $173.5 million in 2023, then climbed by 16.49% to $202.1 million in 2024, then declined by 6.75% to $188.5 million in 2025, then tumbled by 149.04% to -$92.4 million in 2026.
  • Business Quant data shows MKTX's Free Cash Flow at -$92.4 million in Q1 2026, $188.5 million in Q4 2025, and $55.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -7.85 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -32.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 7.20 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 2.03 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 124.64 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 103.58 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 11.72 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -1.15 Bn
10 Marketaxess Holdings 14.20 Mn -349.59 Mn - -92.42 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -92.42 Mn
Mar 31, 2026 -92.42 Mn
Dec 31, 2025 188.46 Mn
Dec 31, 2025 188.46 Mn
Sep 30, 2025 55.27 Mn
Sep 30, 2025 55.27 Mn
Jun 30, 2025 115.61 Mn
Jun 30, 2025 115.61 Mn
Mar 31, 2025 14.60 Mn
Mar 31, 2025 14.60 Mn
Dec 31, 2024 202.10 Mn
Dec 31, 2024 202.10 Mn
Sep 30, 2024 59.78 Mn
Sep 30, 2024 59.78 Mn
Jun 30, 2024 123.19 Mn
Jun 30, 2024 123.19 Mn
Mar 31, 2024 -9.77 Mn
Mar 31, 2024 -9.77 Mn
Dec 31, 2023 173.49 Mn
Dec 31, 2023 173.49 Mn