Marketaxess Holdings (MKTX) Net Margin (2010 - 2026)
Marketaxess Holdings (MKTX) posted Net Margin of 33.46% for Q1 2026, down 24.17% sequentially from 44.13% 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 (MKTX) has 17 years of Net Margin data on file, last reported at 33.46% in Q1 2026.
- Quarterly Net Margin rose 2624.0% year-over-year to 33.46% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 35.59% (up 949.0% YoY) and the FY2025 annual result came in at 29.18%, down 390.0% from the prior year.
- Net Margin declined to 33.46% in Q1 2026 per MKTX's latest filing, from 44.13% in the prior quarter.
- The five-year high for Net Margin was 44.13% in Q4 2025, with the low at 7.22% in Q1 2025.
- Average Net Margin over 5 years is 32.44%, with a median of 33.28% recorded in 2023.
- Year-over-year, Net Margin tumbled 2730 bps in 2025 and surged 2624 bps in 2026.
- Marketaxess Holdings' Net Margin stood at 29.61% in 2022, then increased by 9 bps to 32.35% in 2023, then dropped by 6 bps to 30.26% in 2024, then jumped by 46 bps to 44.13% in 2025, then decreased by 24 bps to 33.46% in 2026.
- Business Quant data shows MKTX's Net Margin at 33.46% in Q1 2026, 44.13% in Q4 2025, and 32.69% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 26.29% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 31.36% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 36.98% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 122.40% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 32.80% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 7.22% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 37.74% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 132.82% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -171.16% |
| 10 | Marketaxess Holdings | 14.20 Mn | -349.59 Mn | - | 33.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |