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| 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% |