Marketaxess Holdings (MKTX) Research & Development (2010 - 2026)
Marketaxess Holdings' (MKTX) quarterly Research & Development came in at $20.4 million in Q1 2026, up 12.81% year-on-year from $18.0 million in Q1 2025, and down 2.42% quarter-over-quarter from $20.9 million in Q4 2025.
Marketaxess Holdings (MKTX) Research & Development (2010 - 2026) Analysis & Trends
Marketaxess Holdings has disclosed Research & Development across 17 years of filings, most recently posting $20.4 million for Q1 2026.
- Research & Development for Q1 2026 came in at $20.4 million, up 12.81% year-over-year; the trailing twelve-month figure through Mar 2026 was $80.6 million (up 10.17% YoY), and the FY2025 annual result was $78.3 million, up 8.49% from the prior year.
- Research & Development came in at $20.4 million for Q1 2026 at Marketaxess Holdings, down from $20.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $20.9 million in Q4 2025 to a low of $12.2 million in Q1 2022.
- The 5-year median for Research & Development is $17.2 million (2023), against an average of $16.9 million.
- Across the five-year window, Research & Development jumped 32.86% in 2022 and increased 5.85% in 2025, its largest moves.
- Marketaxess Holdings' Research & Development stood at $14.1 million in 2022, then climbed by 22.07% to $17.2 million in 2023, then climbed by 9.07% to $18.8 million in 2024, then increased by 11.03% to $20.9 million in 2025, then retreated by 2.42% to $20.4 million in 2026.
- The last three Research & Development figures came in at $20.4 million (Q1 2026), $20.9 million (Q4 2025), and $20.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 1.15 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 583.00 Mn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 241.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 23.47 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 39.55 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | - |
| 10 | Marketaxess Holdings | 4.10 Bn | 3.73 Bn | - | 20.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.36 Mn |
| Dec 31, 2025 | 20.86 Mn |
| Sep 30, 2025 | 19.96 Mn |
| Jun 30, 2025 | 19.42 Mn |
| Mar 31, 2025 | 18.05 Mn |
| Dec 31, 2024 | 18.79 Mn |
| Sep 30, 2024 | 18.55 Mn |
| Jun 30, 2024 | 17.77 Mn |
| Mar 31, 2024 | 17.05 Mn |
| Dec 31, 2023 | 17.23 Mn |
| Sep 30, 2023 | 15.34 Mn |
| Jun 30, 2023 | 15.24 Mn |
| Mar 31, 2023 | 15.00 Mn |
| Dec 31, 2022 | 14.11 Mn |
| Sep 30, 2022 | 14.17 Mn |
| Jun 30, 2022 | 12.49 Mn |
| Mar 31, 2022 | 12.19 Mn |
| Dec 31, 2021 | 11.23 Mn |
| Sep 30, 2021 | 10.67 Mn |
| Jun 30, 2021 | 10.54 Mn |