Marketaxess Holdings (MKTX) Net Margin (2010 - 2026)
Marketaxess Holdings' Net Margin was 31.18% in Q2 2026, down 1.24 percentage points from 32.42% a year earlier and down 2.19 percentage points from the prior quarter.
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Analysis
Marketaxess Holdings (MKTX) Net Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Marketaxess Holdings' Net Margin was 35.22% through Jun 30, 2026, up 8.60 percentage points year-over-year; for FY2025, it was 29.14%, down 4.41 percentage points from FY2024.
- Net Margin has now declined for five consecutive years, with a five-year change of -14.30 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 33.56% in FY2024 (-0.74 pp), 34.29% in FY2023 (-0.54 pp), 34.84% in FY2022 (-2.06 pp) and 36.90% in FY2021 (-6.55 pp).
- The Q2 2026 figure marks the lowest quarterly Net Margin since Q1 2025.
- Compared with a year earlier, Net Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.83 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q1 2026 (a gain of 26.15 percentage points); the worst was Q1 2025 (a drop of 27.30 percentage points).
- Per Business Quant data, MKTX's Net Margin in the three quarters before Q2 2026 was 33.37% (Q1 2026), 44.05% (Q4 2025) and 32.65% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.48 Bn | 85.58 Bn | - | 42.89% |
| 2 | Bank of New York Mellon | 99.71 Bn | 39.09 Bn | - | 29.93% |
| 3 | Cme | 94.57 Bn | 94.57 Bn | - | 61.06% |
| 4 | Intercontinental Exchange | 85.38 Bn | 79.19 Bn | - | 26.53% |
| 5 | Nasdaq | 51.62 Bn | 49.05 Bn | 1.50 Bn | 20.02% |
| 6 | State Street | 48.84 Bn | 48.84 Bn | - | 25.35% |
| 7 | Interactive Brokers | 38.83 Bn | 32.29 Bn | - | 16.46% |
| 8 | Northern Trust | 31.65 Bn | 31.65 Bn | - | 58.35% |
| 9 | Cboe Global Markets | 27.38 Bn | 19.03 Bn | 731.60 Mn | 24.38% |
| 10 | Marketaxess Holdings | 5.77 Bn | 4.17 Bn | - | 31.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.18% |
| Mar 31, 2026 | 33.37% |
| Dec 31, 2025 | 44.05% |
| Sep 30, 2025 | 32.65% |
| Jun 30, 2025 | 32.42% |
| Mar 31, 2025 | 7.22% |
| Dec 31, 2024 | 32.18% |
| Sep 30, 2024 | 34.58% |
| Jun 30, 2024 | 32.85% |
| Mar 31, 2024 | 34.53% |
| Dec 31, 2023 | 35.30% |
| Sep 30, 2023 | 31.89% |
| Jun 30, 2023 | 33.28% |
| Mar 31, 2023 | 36.24% |
| Dec 31, 2022 | 33.29% |
| 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% |
API Access
Marketaxess Holdings Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MKTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MKTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MKTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();