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
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