Marketaxess Holdings (MKTX) Operating Expenses (2010 - 2026)
Marketaxess Holdings' (MKTX) quarterly Operating Expenses came in at $132.5 million in Q1 2026, up 10.2% year-on-year from $120.2 million in Q1 2025, and down 0.7% quarter-over-quarter from $133.4 million in Q4 2025.
Marketaxess Holdings (MKTX) Operating Expenses (2010 - 2026) Analysis & Trends
Marketaxess Holdings has disclosed Operating Expenses across 17 years of filings, most recently posting $132.5 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $132.5 million, up 10.2% year-over-year; the trailing twelve-month figure through Mar 2026 was $516.7 million (up 7.96% YoY), and the FY2025 annual result was $504.4 million, up 5.92% from the prior year.
- Operating Expenses came in at $132.5 million for Q1 2026 at Marketaxess Holdings, down from $133.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $133.4 million in Q4 2025 to a low of $95.8 million in Q3 2022.
- The 5-year median for Operating Expenses is $117.8 million (2024), against an average of $114.2 million.
- Across the five-year window, Operating Expenses climbed 19.95% in 2023 and increased 1.84% in 2024, its largest moves.
- Marketaxess Holdings' Operating Expenses stood at $100.2 million in 2022, then rose by 19.95% to $120.2 million in 2023, then increased by 1.84% to $122.4 million in 2024, then rose by 8.96% to $133.4 million in 2025, then fell by 0.7% to $132.5 million in 2026.
- The last three Operating Expenses figures came in at $132.5 million (Q1 2026), $133.4 million (Q4 2025), and $123.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 242.35 Mn |
| 10 | Marketaxess Holdings | 4.09 Bn | 3.73 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 |