Marketaxess Holdings (MKTX) Operating Expenses (2010 - 2026)
Marketaxess Holdings (MKTX) posted Operating Expenses of $132.5 million for Q1 2026, down 0.7% sequentially from $133.4 million in Q4 2025, and up 10.2% YoY from $120.2 million in Q1 2025.
Marketaxess Holdings (MKTX) Operating Expenses (2010 - 2026) Analysis & Trends
Marketaxess Holdings has reported Operating Expenses for 17 years, with the latest figure at $132.5 million in Q1 2026.
- Quarterly Operating Expenses rose 10.2% year-over-year to $132.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $516.7 million (up 7.96% YoY) and the FY2025 annual result came in at $504.4 million, up 5.92% from the prior year.
- Operating Expenses slipped to $132.5 million in Q1 2026 per MKTX's latest filing, from $133.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $133.4 million in Q4 2025 and troughed at $95.8 million in Q3 2022.
- A 5-year average of $114.2 million and a median of $117.8 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses increased 19.95% in 2023, then gained 1.84% in 2024.
- Over 5 years, Operating Expenses stood at $100.2 million in 2022, then advanced by 19.95% to $120.2 million in 2023, then gained by 1.84% to $122.4 million in 2024, then advanced by 8.96% to $133.4 million in 2025, then decreased by 0.7% to $132.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $132.5 million, $133.4 million, and $123.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | Marketaxess Holdings | 6.70 Bn | 6.28 Bn | - | 132.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 132.46 Mn |
| Dec 31, 2025 | 133.40 Mn |
| Sep 30, 2025 | 123.24 Mn |
| Jun 30, 2025 | 127.60 Mn |
| Mar 31, 2025 | 120.19 Mn |
| Dec 31, 2024 | 122.43 Mn |
| Sep 30, 2024 | 119.66 Mn |
| Jun 30, 2024 | 116.32 Mn |
| Mar 31, 2024 | 117.82 Mn |
| Dec 31, 2023 | 120.22 Mn |
| Sep 30, 2023 | 105.38 Mn |
| Jun 30, 2023 | 104.12 Mn |
| Mar 31, 2023 | 107.81 Mn |
| Dec 31, 2022 | 100.23 Mn |
| Sep 30, 2022 | 95.80 Mn |
| Jun 30, 2022 | 97.44 Mn |
| Mar 31, 2022 | 97.95 Mn |
| Dec 31, 2021 | 92.48 Mn |
| Sep 30, 2021 | 88.09 Mn |
| Jun 30, 2021 | 89.16 Mn |