Marketaxess Holdings (MKTX) Net Margin (2010 - 2026)
Marketaxess Holdings (MKTX) posted Net Margin of 33.47% for Q1 2026, down 65.47% sequentially from 96.93% in Q4 2025, and up 2624.0% YoY from 1.23% in Q1 2025.
Marketaxess Holdings (MKTX) Net Margin (2010 - 2026) Analysis & Trends
Marketaxess Holdings has reported Net Margin for 17 years, with the latest figure at 33.47% in Q1 2026.
- Quarterly Net Margin rose 2624.0% year-over-year to 33.47% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 48.28% (up 2171.0% YoY) and the FY2025 annual result came in at 42.24%, up 869.0% from the prior year.
- Net Margin fell to 33.47% in Q1 2026 per MKTX's latest filing, from 96.93% in the prior quarter.
- Over five years, Net Margin peaked at 96.93% in Q4 2025 and troughed at 7.22% in Q1 2025.
- A 5-year average of 35.66% and a median of 33.28% in 2023 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 6475 bps in 2025, down 2730 bps in 2025.
- Over 5 years, Net Margin stood at 29.61% in 2022, then grew by 9 bps to 32.35% in 2023, then slipped by 1 bps to 32.18% in 2024, then soared by 201 bps to 96.93% in 2025, then sank by 65 bps to 33.47% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 33.47%, 96.93%, and 32.68% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 25.46% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 31.46% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 36.98% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 122.40% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 42.89% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -171.16% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 16.00% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 7.31% |
| 10 | Marketaxess Holdings | 6.70 Bn | 6.28 Bn | - | 33.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.47% |
| Dec 31, 2025 | 96.93% |
| Sep 30, 2025 | 32.68% |
| Jun 30, 2025 | 32.45% |
| Mar 31, 2025 | 7.22% |
| Dec 31, 2024 | 32.18% |
| Sep 30, 2024 | 34.59% |
| 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 | 31.62% |
| Sep 30, 2021 | 35.76% |
| Jun 30, 2021 | 38.16% |