Marketaxess Holdings (MKTX) Net Margin (2010 - 2026)

Marketaxess Holdings' (MKTX) quarterly Net Margin came in at 33.46% in Q1 2026, up 2624.0% year-on-year from 1.23% in Q1 2025, and down 24.17% quarter-over-quarter from 44.13% in Q4 2025.

Marketaxess Holdings (MKTX) Net Margin (2010 - 2026) Analysis & Trends

Marketaxess Holdings has disclosed Net Margin across 17 years of filings, most recently posting 33.46% for Q1 2026.

  • Net Margin for Q1 2026 came in at 33.46%, up 2624.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 35.59% (up 949.0% YoY), and the FY2025 annual result was 29.18%, down 390.0% from the prior year.
  • Net Margin came in at 33.46% for Q1 2026 at Marketaxess Holdings, down from 44.13% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 44.13% in Q4 2025 to a low of 7.22% in Q1 2025.
  • The 5-year median for Net Margin is 33.28% (2023), against an average of 32.44%.
  • Across the five-year window, Net Margin sank 2730 bps in 2025 and jumped 2624 bps in 2026, its largest moves.
  • Marketaxess Holdings' Net Margin stood at 29.61% in 2022, then advanced by 9 bps to 32.35% in 2023, then retreated by 6 bps to 30.26% in 2024, then jumped by 46 bps to 44.13% in 2025, then declined by 24 bps to 33.46% in 2026.
  • The last three Net Margin figures came in at 33.46% (Q1 2026), 44.13% (Q4 2025), and 32.69% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 26.29%
3 Goldman Sachs 317.73 Bn -619.82 Bn - 31.36%
4 Schwab Charles 153.74 Bn 108.77 Bn - 36.98%
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 32.80%
6 Interactive Brokers 38.91 Bn 49.50 Bn - 16.00%
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 7.22%
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 37.74%
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 132.82%
10 Marketaxess Holdings 4.10 Bn 3.73 Bn - 33.46%

Historic Data

Download Data
DateValue
Mar 31, 2026 33.46%
Dec 31, 2025 44.13%
Sep 30, 2025 32.69%
Jun 30, 2025 32.45%
Mar 31, 2025 7.22%
Dec 31, 2024 30.26%
Sep 30, 2024 34.58%
Jun 30, 2024 32.85%
Mar 31, 2024 34.53%
Dec 31, 2023 32.35%
Sep 30, 2023 31.89%
Jun 30, 2023 33.28%
Mar 31, 2023 36.24%
Dec 31, 2022 29.61%
Sep 30, 2022 34.46%
Jun 30, 2022 36.72%
Mar 31, 2022 34.81%
Dec 31, 2021 33.50%
Sep 30, 2021 35.76%
Jun 30, 2021 38.16%