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 (MKTX) has 17 years of Operating Expenses data on file, last reported 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.
  • The five-year high for Operating Expenses was $133.4 million in Q4 2025, with the low at $95.8 million in Q3 2022.
  • Average Operating Expenses over 5 years is $114.2 million, with a median of $117.8 million recorded in 2024.
  • Year-over-year, Operating Expenses gained 19.95% in 2023 and climbed 1.84% in 2024.
  • Marketaxess Holdings' Operating Expenses stood at $100.2 million in 2022, then climbed by 19.95% to $120.2 million in 2023, then advanced by 1.84% to $122.4 million in 2024, then climbed by 8.96% to $133.4 million in 2025, then slipped by 0.7% to $132.5 million in 2026.
  • Business Quant data shows MKTX's Operating Expenses at $132.5 million in Q1 2026, $133.4 million in Q4 2025, and $123.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Marketaxess Holdings 14.20 Mn -349.59 Mn - 132.46 Mn

Historic Data

Download Data
DateValue
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