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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Marketaxess Holdings (MKTX) Operating Margin (2016 - 2026)

Marketaxess Holdings' Operating Margin history spans 16 years, with the latest figure at 36.3% for Q4 2025.

  • On a quarterly basis, Operating Margin fell 321.0% to 36.3% in Q4 2025 year-over-year; TTM through Dec 2025 was 40.39%, a 132.0% decrease, with the full-year FY2025 number at 40.39%, down 132.0% from a year prior.
  • Operating Margin hit 36.3% in Q4 2025 for Marketaxess Holdings, down from 40.98% in the prior quarter.
  • Over the last five years, Operating Margin for MKTX hit a ceiling of 52.94% in Q1 2021 and a floor of 85.24% in Q4 2023.
  • Historically, Operating Margin has averaged 37.24% across 5 years, with a median of 43.02% in 2022.
  • Biggest five-year swings in Operating Margin: tumbled -12890bps in 2023 and later surged 12475bps in 2024.
  • Tracing MKTX's Operating Margin over 5 years: stood at 43.97% in 2021, then fell by -1bps to 43.66% in 2022, then crashed by -295bps to 85.24% in 2023, then surged by 146bps to 39.51% in 2024, then decreased by -8bps to 36.3% in 2025.
  • Business Quant data shows Operating Margin for MKTX at 36.3% in Q4 2025, 40.98% in Q3 2025, and 41.86% in Q2 2025.